Trump’s permanent daylight saving time bill passes the US House of Representatives review.

Multicoin Capital managing partner Tushar Jain detailed his valuation logic and investment framework for HYPE during an appearance on the "When Shift Happens" podcast. He noted that HYPE is currently severely undervalued, with a baseline valuation of $319, and recommended a pragmatic position-building strategy to navigate volatility. For bottom-fishing, Jain advised abandoning "perfect timing" in favor of the "one-third split entry method": the first third of the position is bought immediately; the second third is accumulated via dollar-cost averaging over a fixed schedule (e.g., in batches over 1-2 months); the final third is added opportunistically during dips. This approach significantly reduces psychological burden while locking in a favorable average cost for long-term bullish positions. Jain’s $319 baseline valuation is built on four conservative assumptions: 1) Crypto derivatives trading volume maintains a 35% compound annual growth rate over the next two years; 2) DeFi derivatives’ market share rises to 32%; 3) USDC collateral balances grow in line with trading volume; 4) The "fake boom" driven by subsidies from some project teams will vanish as subsidies are phased out, allowing Hyperliquid’s actual market share to rise further. Even under these conservative scenarios, HYPE’s current price has substantial upside, with some optimistic projections putting it above $600. On Hyperliquid’s broader outlook, Jain argued that the protocol is far more than a fast-growing perpetual contract platform, and has the potential to become a core pillar of crypto financial infrastructure.

Morgan Stanley’s equities trading performance has significantly outpaced Wall Street expectations, setting another quarterly record. The firm’s equities trading revenue hit $6.3 billion in the second quarter of 2026, rising 69% year-over-year to mark an all-time quarterly high. Meanwhile, its closely watched wealth management division added $148.1 billion in net new assets, far exceeding analyst forecasts. For Wall Street overall, the second quarter delivered explosive growth: equities trading revenues at JPMorgan Chase, Goldman Sachs, Bank of America, and Citigroup all topped expectations, hitting new all-time highs. Following Morgan Stanley and Goldman Sachs’ joint leadership of SpaceX’s record-breaking initial public offering (IPO), investment banking fees have emerged as a key market focus. Morgan Stanley’s equity underwriting fees reached $851 million, up 70% year-over-year, pushing the bank’s total investment banking fees to $2.44 billion.

A crypto contract whale, who earlier announced he would "set 10 big trading goals first", posted details of his three recent Bitcoin (BTC) transactions on social media: On June 25, he opened a long BTC position at $59,837.99 and closed it at $58,592.06, incurring a $4.88 million loss; On July 6, he opened another long BTC position at $62,590.4 and closed it at $64,022.01 for a $4.54 million profit; On July 13, he opened a third long BTC position at $63,064.4 and closed it at $64,287.08, netting a $4.27 million gain.

Binance Alpha has announced the launch of its first Alpha Points redemption campaign. Users can redeem a 5 USDT Soccer Cup prediction market voucher for 5 Alpha Points, with eligibility requirements including holding at least 50 Alpha Points and completing over 100 USDT in prediction market trades during the campaign period.

White House National Economic Council Director Hassett: Data shows the Federal Reserve has no reason to raise interest rates. He believes Walsh will guide the Federal Reserve to reach the right conclusion on interest rate issues, and Iran’s ability to threaten the global economy has declined.

MetaMask’s official announcement: Robinhood Chain is now live on its platform, enabling users to directly perform token swaps, cross-chain operations, and asset management for Robinhood Chain within MetaMask.