Zhu Su: Curious about SBF's view on Hyperliquid and the current Solana ecosystem, hoping to engage in a discussion

According to Israeli media outlet Israel Hayom, the United States and Iran are considering an $80 billion deal to reopen the Strait of Hormuz. U.S. President Donald Trump is expected to meet with Qatari Prime Minister on Monday to discuss the Iranian proposal: Washington would unfreeze $80 billion in Iranian funds in exchange for reopening the strategic waterway. The report notes the deal would end Iran’s attacks on Gulf shipping and lift related U.S. restrictions, but would not touch on Iran’s nuclear program. Vice President J.D. Vance is reportedly pushing for the agreement, while some senior U.S. government officials oppose it.

According to PR Newswire, AI data center firm Hyperscale Data, Inc. (NYSE American: GPUS) announced it will launch an exchange offer to acquire up to 192,307,692 Class A common shares, valued at up to approximately $50 million. For every 100 common shares tendered, shareholders will receive one unit consisting of $2.00 in cash and one preferred share with a par value of $24.00 and an annual dividend yield of 12.00%. This values the common shares at roughly $0.26 each, an 82% premium over the November 6, 2026 closing price of $0.1429. The offer requires a minimum tender of 100 million common shares. The company plans to formally launch the exchange offer around November 17, 2026, pending board approval, regulatory approval, and customary closing conditions. Hyperscale Data will apply to list the preferred shares on NYSE American; if approved, trading is expected to start within 30 days of the listing clearance. Relevant details will be included in the exchange offer documents filed with the U.S. Securities and Exchange Commission (SEC) and distributed to shareholders. Hyperscale Data stated the move aims to bridge the significant gap between its current market capitalization and balance sheet strength, including its holdings of cash and Bitcoin. Executive Chairman Milton "Todd" Ault III said the company believes there is a clear disconnect between intrinsic value and the current common share price. The exchange offer provides shareholders with liquidity and a fixed-income instrument, while enabling the company to repurchase a substantial portion of its shares at what it views as a significant undervaluation.

According to an official announcement on Robinhood’s website, Robinhood today launched its IPO Access service in the UK, with no commission fees. For the first time, UK users can apply to subscribe to eligible newly listed US companies at the official offering price before public trading begins. Robinhood noted that the UK’s retail investor community is mature and active, but IPO subscription opportunities have historically been reserved for high-net-worth individuals and large institutions. The company is partnering with a UK public offer platform provider to open primary market subscription access for eligible IPOs to UK retail clients, unlike traditional platforms that charge execution fees or restrict share allocations to institutions and high-net-worth customers. Robinhood first rolled out IPO Access in the US in 2021, and has since participated in over 50 IPOs, making subscription available to millions of US users. Jordan Sinclair, President of Robinhood UK, said he hopes UK retail investors will gain equal opportunities to participate in next-generation innovative public companies. Users can apply for and track IPO shares via their regular investment accounts, and submit applications after reviewing prospectuses and US Securities and Exchange Commission (SEC) filings on the app’s asset details page. Robinhood also warns that investing in IPOs carries significant risks, and share prices may be highly volatile in the early post-listing period.

According to Coinglass data, U.S. spot Bitcoin ETFs saw a net outflow of $1.2817 billion last week. Among them, BlackRock’s IBIT recorded a net outflow of $1.209 billion, while Fidelity’s FBTC posted a net inflow of $93.1 million. Amid further declines in Bitcoin, the total size of U.S. spot Bitcoin ETFs dropped below $100 billion, now standing at $99.525 billion.

Beating AI News Flash: Silicon Valley startup AGI Inc. is selling technology similar to Doubao (the Chinese AI assistant) to smartphone manufacturers. In March this year, it announced partnerships with Qualcomm and demonstrated functions including automatic food ordering, ride-hailing, and checkout in Lenovo’s AI assistant Qira. In August, Rich Miner, co-founder of Android, joined the company as an advisor. AGI was co-founded by Div Garg, a Stanford University computer science PhD dropout. It has launched an Android app where users can say commands like “Book an Uber for me” or “Send a message to a friend”; the AI recognizes the phone screen, automatically opens the corresponding app, taps buttons, and fills in information—all without requiring dedicated APIs from third-party apps. The company also developed AGI-0, a model specialized in phone operations, and AGI-RUN, an on-device inference engine, aiming to run AI locally on phones as much as possible to reduce latency and privacy data uploads. AGI has opened the phone MCP interface, allowing agents such as Claude Code and Codex to directly operate Android devices. AGI’s business model is clear: it does not manufacture its own phones, but packages its model, inference engine, and cross-app operation capabilities to supply to smartphone makers, serving as the built-in AI operation layer for next-generation mobile systems. China’s Doubao assistant is also following this technical path, but has faced resistance from third-party apps. As of November 4, over 170 apps including WeChat, Taobao, and Meituan have explicitly refused to allow Doubao to perform operations on users’ behalf.

According to TradingBeats’ compilation of public fee rates across platforms, when calculating a single-side trade of $10,000 via a standard account, there are notable differences in transaction fees between stock perpetual contracts and stock spot markets. For stock perpetual contracts: Binance’s maker fee is 0 during its current promotional period, while the taker fee is around $4. On Hyperliquid’s trade.xyz, in markets with Growth Mode enabled, the maker fee is ~$0.3 and the taker fee ~$0.9; in standard mode, these rates are $3 and $9 respectively. Lighter Standard accounts have 0 maker and taker fees for standard orders, and the same applies to Paradex Retail orders. Aster’s RWA market has a 0 maker fee and a ~$1.25 taker fee. For stock spot and tokenized stocks: Binance’s stock accounts charge a 0.1% spread, so a $10,000 trade incurs ~$10 in costs. Among traditional brokers, calculating a purchase of 100 shares at $100 each, Futu Hong Kong’s fixed fee is ~$2.29, covering commission, platform fees, and settlement fees; Interactive Brokers (IBKR Pro) has a fixed commission of ~$1. Among other platforms, per incomplete statistics, Backpack’s stock accounts waive commissions and platform fees; xStocks trades via Kraken Pro standard accounts with a 0 maker fee; some Ondo transactions via Binance Wallet are exempt from platform service fees. The above are public trading fee rates and spread costs across platforms, excluding funding fees, execution spreads, slippage, and gas fees, which were not uniformly accounted for.