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Deep Tide Summary: Hyperliquid's 2025 revenue is 15% of CME's, but its market capitalization is only 10% of CME's-behind this valuation discount lies the market's complete lack of pricing in the trill

Deep Tide Summary: Hyperliquid's 2025 revenue

is 15% of CME's, but its market capitalization is only 10% of CME's-behind this valuation discount lies the market's complete lack of pricing in the trillion-dollar TAM market pioneered by HIP-3.

The Iran war weekend served as a stress test for

this argument: when CME shut down, on-chain oil

futures alone supported global real-time pricing.

This article uses a four-scenario DCF model to

illustrate that HYPE's current price of $37 has fallen

below the bear market target price of $60, meaning

that even with virtually no progress on HIP-3, this

pricing itself already underestimates the underlying

exchange business.

HYPE's Valuation Framework

CME's 2025 revenue is $6.5 billion, with an average daily trading volume of 28.1 million contracts and a market capitalization of $114 billion. Hyperliquid's 2025 revenue is $960 million on approximately $3 trillion in trading volume, with a market capitalization of $12.5 billion. Hyperliquid currently generates approximately 15% of CME's revenue, but its market capitalization is only 10% of CME's. The key opportunity lies in the extent to which traditional financial trading volume can migrate to decentralized platforms like Hyperliquid.

From Crypto DEX to Global Derivatives Exchange

HIP-3, launching in October 2025, supports permissionless perpetual contract listings.

Deployers staking 500,000 HYPE (approximately $18.5 million at $37 per HYPE) can launch custom markets on HyperCore. These markets generate twice the fees of perpetual contracts listed on the Hunerliquid Core with half going to the danlover

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Deep Tide Summary: Hyperliquid's 2025 revenue is

USOIL: Tokenized WTI Crude Oil

ETH Technical Outlook: Ethereum Attempts Base Formation After Deep Corrective Decline Ethereum remains in a broader corrective phase after failing to hold the $3,350–$3,730 resistance region, which co

ETH Technical Outlook: Ethereum Attempts Base Formation After Deep Corrective Decline

Ethereum remains in a broader corrective phase after failing to hold the $3,350–$3,730 resistance region, which corresponds with the 0.5–0.618 Fibonacci retracement cluster. The rejection from this area triggered a strong bearish continuation that pushed price below multiple structural supports and long-term moving averages.

Currently, ETH is consolidating around the $2,080–$2,100 zone, slightly above the macro support near $1,744, suggesting that the market is attempting to establish a short-term base after the recent sharp decline.




EMA Structure (Bearish Bias)

20 EMA: $2,037
50 EMA: $2,210
100 EMA: $2,528
200 EMA: $2,851

Ethereum continues to trade below all major EMAs, confirming the persistence of a bearish medium-term structure.

The 20 EMA near $2,040 is acting as immediate dynamic support during the current consolidation, while the 50 EMA around $2,210 represents the first major resistance barrier. Higher up, the 100 and 200 EMAs between $2,528–$2,851 highlight the broader trend weakness following the macro breakdown.




Fibonacci & Price Structure

0.786 Fib: $4,269
0.618 Fib: $3,729
0.5 Fib: $3,350
0.382 Fib: $2,971
0.236 Fib: $2,502
Fib 0: $1,744

Ethereum is currently trading below the 0.236 Fib level at $2,502, confirming structural weakness across the higher time frame.

The recent bounce from $1,900–$2,050 demand suggests that buyers are attempting to defend the region above $1,744, which acts as the macro cycle base.

A sustained recovery above $2,200–$2,500 would be required to confirm a broader corrective rally, while failure to maintain the current base could expose ETH to another test of the $1,744 support zone.




RSI Momentum

RSI is currently around 52, indicating slightly bullish short-term momentum after recovering from previously oversold conditions.



Create Content for HTX and Win a Share of 1000U!Claim1,200 USDT in the Monthly Creation ChallengeCheck In Weekly, Win Prizes Weekly — Join the Fun!An analyst explains why stablecoins won't replace XRP

Check In Weekly, Win Prizes Weekly — Join the Fun!

An analyst explains why stablecoins won't replace XRP.

Versan Aljarra, founder of Black Swan Capitalist, dismissed concerns that stablecoins could ultimately replace XRP in the evolving digital financial system.

Recently, debate has intensified over whether stablecoins could displace XRP in the global payments infrastructure. While some analysts argue that stablecoins could become direct competitors due to their price stability, others believe the two assets serve different purposes.

Key Points

Versan Aljarra argues that stablecoins will not replace XRP in the evolving digital payments ecosystem.

He emphasized a key difference: stablecoins function as a currency, while XRP acts as a liquidity bridge for settlements.

An analyst explains why stablecoins won't replace

BTW: Bitcoin-Native L1

Create Content for HTX and Win a Share of 1000U!OPN: Omnichain Prediction MarketPredict BTC's Price & Win 480M $HTX for 30 Days 📢 TRON Network Major Upgrade Proposal Explained: v4.8.1 Enables SELFDEST


📢 TRON Network Major Upgrade Proposal Explained: v4.8.1 Enables SELFDESTRUCT Behavior Adjustments, Fully Aligning with Ethereum EIP-6780

The TRON community recently officially launched a new feature proposal for version v4.8.1. The core goal is to optimize the behavior and execution cost of the SELFDESTRUCT instruction, achieving high compatibility with Ethereum EIP-6780.

Key Changes After Proposal Approval (Developers Must Pay Close Attention):

✅ Contract Deletion Mechanism Restructuring

1/ A contract will only be permanently deleted from the chain when its creation and execution occur within the same transaction.

2/ In all other scenarios, SELFDESTRUCT will only transfer assets within the contract to the target address; the contract itself will not be deleted, preserving its on-chain state.

✅ Execution Cost Optimization

1/ The energy consumption of SELFDESTRUCT will be adjusted from the current 0 to 5000, achieving more reasonable resource pricing.


 📖Proposal Significance

This adjustment will significantly improve smart contract compatibility between the TRON network and the Ethereum ecosystem, providing cross-chain developers with a more consistent and predictable execution environment. Simultaneously, the new mechanism effectively avoids the state cleanup risks that historical SELFDESTRUCT might have caused, further enhancing network security and stability.

📄Developer Action Recommendations

1/ Projects currently using SELFDESTRUCT should immediately evaluate their existing contract logic.

2/ It is recommended to verify the new behavior on the testnet in advance to avoid unexpected results after the mainnet upgrade.

3/ It is strongly recommended to follow the proposal's updates and participate in community discussions.

The proposal is currently still in the community discussion stage and has not been officially im

📢 TRON Network Major Upgrade Proposal Explained:

Community Mega Airdrop

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysClaim1,200 USDT in the Monthly Creation ChallengeThe XRP Ledger Has Begun Building the Privacy Layer Bank

The XRP Ledger Has Begun Building the Privacy Layer Banks Have Always Demanded
The XRP Ledger may have begun building the privacy layer that banks need for blockchain adoption with the introduction of Confidential MPTs.

The XRP Ledger developer committee is working to introduce the Confidential MPT standard (XLS-0096), which would bring transaction privacy to issued tokens on the network. The standard builds on the existing XLS-33 MPT protocol, but includes EC-ElGamal encryption and ZKPs to hide individual balances and transfer amounts.

Notably, the standard could represent an important step toward attracting banks and financial institutions to the XRP Ledger, as it addresses the conflict between blockchain’s radical transparency and the privacy that banks require.

Key Points

The XRP Ledger developer committee is introducing a new standard that would allow users to transfer and hold issued tokens, hiding individual balances and transaction amounts from public view.

The standard could attract banks and financial institutions, which have avoided public blockchains because of the radical transparency that allows anyone to see the transactions and balances of other users.

Issuers retain full control under the new standard, including the ability to freeze accounts and forcibly recover tokens from holders where necessary.

The Confidential MPT standard comes after the XRPL already enabled Permissioned Domains and Permissioned DEX last month, continuing a pattern of building tools to meet the compliance and privacy demands of traditional finance.


The XRP Ledger Has Begun Building the Privacy Laye

President Donald Trump is preparing to host the second exclusive dinner for holders of his official memecoin, TRUMP, which briefly saw its price surpass $3 following the announcement of the event set 

President Donald Trump is preparing to host the second exclusive dinner for holders of his official memecoin, TRUMP, which briefly saw its price surpass $3 following the announcement of the event set for April 25 at Mar-a-Lago.

Trump’s Upcoming Gala Luncheon
According to the official website for the memecoin, attendees will have the opportunity to “Meet and Learn from 18 of the World’s Most Influential SUPERSTARS.”

This approach is consistent with a strategy employed by Trump’s memecoin team last April, which allowed the top 220 holders of TRUMP from April 23 to May 12 to gain access to a similar event.

In a shift from that earlier strategy, this year, 297 TRUMP token holders will be selected to attend, with the top 29 qualifying for an exclusive VIP reception with Trump and other undisclosed guests.

The website outlines specific criteria for VIP bonus eligibility, which is tied to the holders’ time-weighted TRUMP holdings as of Snapshot Day on April 10, 2026.

Between April 10 and April 26, those whose token balance remains at or above their Snapshot Day level will keep all VIP bonuses. Yet, if a holder’s balance drops below that level, they may still attend the conference and gala luncheon but might lose access to VIP benefits.

However, a significant contrast exists for this year’s event, this time regarding the memecoin’s price compared to last April-May, 2025.

CLARITY Act Review Ahead
When holders attended the previous luncheon, the President’s memecoin was valued between $15 and $20. Now, however, the current price sits around $2.89, indicating a sharp decline of approximately 81% since the previous event announcement.

This price drop is even more concerning when considering that the TRUMP token has yet to approach its all-time high of $77, which was achieved shortly after its launch in June 2025. Should no major bullish catalysts arise leading up to the event, holders may find themselves attending with a token value nearly 97% lower than its peak.

In c

President Donald Trump is preparing to host the se

WARD: Full-Stack L1 for Intelligent Applications

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysClaim1,200 USDT in the Monthly Creation Challenge Bitcoin is currently trading between $69,000 and $71,00

Bitcoin is currently trading between $69,000 and $71,000, showing signs of stabilization after a major correction earlier this year.

Strong inflows into Bitcoin ETFs, including nearly $700 million in March, indicate continued institutional demand for the digital asset.

A breakout above $72,000–$74,000 could push Bitcoin toward $75,000–$80,000, while support near $65,000 remains crucial.

Bitcoin is currently at an important moment in the market. The digital asset has experienced strong volatility in recent months, causing investors and analysts to closely watch its next move. 

Many market observers believe Bitcoin may be preparing for a major bounce, while others think the market may continue moving sideways for some time.

Bitcoin is trading between $69,000 to $71,000 at press time. Recent market datasets show that BTC reached a 24-hour high near $71,281 and a low around $68,951. 

Bitcoin is currently trading between $69,000 and $

The cryptocurrency market is currently going through a quiet phase, with trading activity and investor enthusiasm noticeably lower than before. While this lack of excitement may seem discouraging, his

The cryptocurrency market is currently going through a quiet phase, with trading activity and investor enthusiasm noticeably lower than before. While this lack of excitement may seem discouraging, history shows that periods like this sometimes come just before a meaningful market turnaround. A recent analysis from Bpay News notes that conversations about a possible “altseason” on social media have fallen to their lowest level in nearly two years. Interestingly, similar moments of low public interest have often appeared near price bottoms for well-known altcoins such as Dogecoin.
Right now, the market environment remains challenging. Dogecoin is still trading around 75% below its previous cycle high, reflecting the broader decline seen across the altcoin sector. Other major cryptocurrencies like Solana and Cardano have also experienced significant double-digit losses. Much of the capital that once flowed into altcoins has shifted back toward Bitcoin and stablecoins, as investors seek relatively safer positions during uncertain times. At the same time, the Coinbase Premium Index has remained negative for a while, suggesting that retail traders—especially in the U.S.—are still hesitant to re-enter the market.
What Could Happen Next
Despite the cautious atmosphere caused by geopolitical tensions and broader economic uncertainty, some data points hint that the market could be quietly preparing for a shift. On-chain analytics show that the number of large “whale” wallets holding more than 100 BTC is gradually increasing. This trend is often seen as a sign that larger investors or institutions are accumulating assets during periods when market sentiment is dominated by fear.
Analysts believe that if Bitcoin can stabilize and move sideways for a while, it may 

Dogecoin’s Potential Rebound Could Signal a Shift

DYDX Market Analysis: Community and DeFi Growth dYdX is continuing its ascent as a key decentralized exchange (DEX) token, attracting attention from both retail and professional traders. According to 

DYDX Market Analysis: Community and DeFi Growth
dYdX is continuing its ascent as a key decentralized exchange (DEX) token, attracting attention from both retail and professional traders. According to AMBCrypto, DYDX adoption is increasing due to its robust DeFi integrations, Layer 2 scalability, and trading incentives.
TronWeekly emphasizes DYDX’s role in pioneering decentralized derivatives trading. The platform’s unique approach combines trustless smart contract execution with efficient fee structures, allowing traders to execute strategies with minimal friction. As a result, DYDX has seen growing liquidity, user engagement, and trading volume over the past months.
The combined insights suggest that DYDX is not only a speculative asset but also a utility token critical for the DeFi ecosystem. Investors are closely monitoring token distribution, staking opportunities, and protocol updates, which contribute to both short-term price movements and long-term adoption potential.
DYDX’s community engagement continues to strengthen the network effect, with social sentiment and collaborative developer activity playing major roles. Analysts note that the Layer 2 solutions integrated into the dYdX protocol may enhance scalability and reduce transaction costs, positioning DYDX as a sustainable solution for high-volume decentralized derivatives trading.

DYDX Market Analysis: Community and DeFi Growth dY

Ethereum CME Gap Draws Focus as Resistance Tests Continue Meanwhile, Ethereum is approaching an important resistance zone that sits below a visible CME futures gap on the chart. The structure shows pr

Ethereum CME Gap Draws Focus as Resistance Tests Continue

Meanwhile, Ethereum is approaching an important resistance zone that sits below a visible CME futures gap on the chart. The structure shows price consolidating after a sharp earlier decline while gradually pushing toward the overhead level. This area now acts as the main barrier that must break before a stronger recovery can develop.

￼

Ethereum CME Gap Becomes Upside Target. Source: JamesEastonUK/X

The chart highlights the gap left on CME Ether futures above the current trading range. Historically, markets often move back to fill these gaps as price returns to untraded levels. Because of that tendency, the gap region has become a key upside target if Ethereum clears the nearby resistance band.

For now, Ethereum remains in a consolidation phase just below that ceiling. A confirmed break above resistance would likely open the path toward the CME gap region. Until that happens, the market structure still reflects a range as buyers and sellers continue testing the same boundaries.



Ethereum CME Gap Draws Focus as Resistance Tests C

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Elon Musk Cosigns X Money Post, But Does It Have Anything To Do With Dogecoin?

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MEXC Lunar Copy Trade Festival Concludes with Over 7,600 Registrations and $15M in Copy Trading Volume

Article

Iran's ambassador to the United Nations: The Strait of Hormuz will not be closed.

A Reuters poll suggests the European Central Bank will keep its deposit rate at 2.00% until 2026.

The National Cybersecurity Notification Center issued a security risk warning for OpenClaw.

BTC broke through 73000  USDT

ETH broke through 2200  USDT

BTC broke through 72000  USDT

Data: 3.9217 million TON were transferred out of Kiln, worth approximately $5.1374 million.

ETH fell below 2100  USDT

BTC fell below 71000  USDT

Cambridge study: The Bitcoin network could still function even if 72% of the world's undersea cables were cut, but an attack on the five major custodians could cripple them.

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