US bankers intensify lobbying efforts against stablecoin gains

According to a16z crypto data, driven by multiple global events such as SpaceX's IPO, the US Iran peace agreement, the NBA Finals, and the World Cup, it is predicted that the market's weekly trading volume will reach $10.8 billion, setting a new historical high. The predicted market size has grown rapidly in the past year, with a weekly trading volume of approximately $500 million a year ago, and even during periods of market activity, the weekly trading volume remains below $1 billion; Since last autumn, trading volume has increased, and this spring it has stabilized in the range of $6 billion to $7 billion, with the current market size exceeding the peak level of a year ago.

The probability of Polymarket's "Strait of Hormuz returning to normal before June 30th" has dropped to 9%, a decrease of 9% in 24 hours, and the total trading volume has exceeded 28 million US dollars. Ibrahim Rezai, spokesperson for the National Security and Foreign Policy Committee of the Iranian Parliament, stated that the ceasefire issue in Lebanon is Iran's red line, and Iran will not back down on related issues. Iran does not trust the United States and is preparing for a possible war. At the same time, Iran will continue to negotiate with the United States.

According to Medvedev, Vice Chairman of the Security Council of the Russian Federation, the Strait of Hormuz has become a "Persian nuclear weapon" and will also be used as a nuclear weapon in the future.

Binance founder CZ stated on the Galaxy Brains podcast that predicting the market provides price discovery and liquidity, and obtaining licenses for Polymarket and Kalshi in the United States is a good thing. CZ claims that Hyperliquid demonstrates new market demand and technological innovation, but will not choose its KYC free operating mode. CZ believes that it is a good thing for traditional financial institutions such as CME to launch crypto perpetual contracts in the United States. CZ revealed that YZI Labs' investment direction is 70% encryption, 20% AI, and 10% biotechnology, hoping that YZI Labs will focus on influence.

Analyst il.Hl released comparative data, showing that Hyperliquid's per capita revenue is approximately $56.42 million, far exceeding traditional trading platforms. Data comparison shows that Hyperliquid has a revenue of approximately $790 million, a valuation of approximately $20.6 billion, 14 employees, and a profit margin of nearly 100%; Robinhood has a revenue of approximately $4.47 billion, a valuation of approximately $97.2 billion, approximately 2400 employees, and a profit margin of approximately 42%; Zhishang Institute has a revenue of approximately 6.52 billion US dollars, a valuation of approximately 88.5 billion US dollars, approximately 3800 employees, and a profit margin of approximately 62%; NASDAQ has a revenue of approximately $8.26 billion, a valuation of approximately $46.5 billion, approximately 9200 employees, and a profit margin of approximately 22%. Hyperliquid achieves high efficiency in protocol level infrastructure mode, with revenue almost equivalent to net profit and extremely low operating costs. The current advantage is based on the stage where regulatory and compliance costs have not yet been fully reflected. If compliance pressure increases in the future, profit margins may converge.