VNet completes $5 billion strategic financing, with a post investment valuation of $190 billion

Hyperliquid destroyed 19750 HYPE tokens worth approximately $1.13 million in the past 24 hours, resulting in a processing fee of $1.6 million during the same period. Hyperliquid has destroyed 47.67 million HYPE tokens worth approximately $2.75 billion, accounting for 4.77% of the maximum supply of 1 billion tokens. （Onchain Lens）

[Standard Chartered: Robinhood Chain TVL Approaches $1 Billion, Driving Uniswap Token Burn] According to a report by Cointelegraph, Standard Chartered analyst Geoffrey Kendrick noted that the total value locked (TVL) of Robinhood Chain is approaching $1 billion, with its liquidity needs being met by Uniswap V2, V3, and V4 versions. Since the activation of the fee mechanism on July 27, the annualized burn rate of UNI tokens is approximately $90 million. At a price of $3.5 per token, this translates to an annual burn of about 25 million UNI, accounting for over 4% of the circulating supply. Robinhood Chain went live on July 1, with 194,000 daily active users in its first week.

On Friday, BTC and ETH options expired, with BTC's nominal open interest contracts of approximately $1.28 billion and a maximum pain point of $64000. Call options were concentrated at $68000 and $70000 to $72000; The nominal open interest contract for ETH is approximately $161 million, with a maximum pain point of $1900. Call options are concentrated at $1950 and $2000, while the open interest contract ratio for BTC put/call options is 0.85 and ETH is 0.94.

Bitwise Chief Investment Officer Matt Hougan stated that there are two mistakes when evaluating DeFi applications: one is mistaking the $2 trillion cryptocurrency market for the target market, when in fact the target is the $500 trillion asset market; The second is underestimating the ability to capture the value of transaction fee income. Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and other projects have larger TAMs and stronger pricing power than expected.

Bitcoin fell below $63000, and the cryptocurrency market experienced $48 million in liquidation within the past hour, with multiple liquidation amounts reaching $45.7 million. （Cointelegraph）