Robinhood CEO recently sold 375,000 HOOD shares, cashing out $43.56 million.
Robinhood (HOOD) CEO Vlad Tenev has sold 375,000 shares of HOOD since July 6, at an average price of $116.17, netting a total of $43.56 million in proceeds. Tenev still holds 48.3 million Class B shares, worth more than $5 billion.
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Barclays: Federal Reserve likely to hold steady until the end of 2027
According to Barclays' baseline forecast, the Federal Reserve will keep interest rates unchanged through the end of 2027. However, Barclays strategists still believe the risk is tilted toward additional interest rate hikes. The strategists noted that the latest Federal Reserve policy meeting minutes highlight growing concerns among participants about inflation and the risk of it remaining persistently high. They pointed out: "While participants expect inflation to decline, they believe the risk of it staying elevated remains, in part due to strong demand for artificial intelligence-related investments." Meanwhile, there remains disagreement among participants regarding future policy paths. (Jinshi)
2 minutes ago
TAC Official Responds to Price Crash: Team and Early Investors Did Not Participate in Selling Off
TAC released a statement addressing its sharp price drop over the past 24 hours, confirming the protocol was not hacked, on-chain assets remain secure, and the system is operating normally. The team and early investors did not engage in selling, as relevant tokens are still in lock-up and vesting periods with no unlock possibility at this stage. TAC added that an internal review of on-chain and centralized exchange trading data found no token minting or malicious behavior. The recent decline was primarily triggered by a large perpetual contract sell order amid thin market liquidity, which sparked a chain of liquidations in the perpetual contract market and spilled selling pressure over to the spot market. The team said it is drafting measures to strengthen market structure, boost liquidity, and restore market confidence, with specific plans to be unveiled later this month. Earlier, TAC Protocol (TAC) experienced an extreme market swing in the early hours of yesterday, plunging 90% within 15 minutes.
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Hong Kong-listed chip stocks climbed in afternoon trading, with SMIC up 8%.
According to Bitget market data, Hong Kong-listed chip stocks rallied in the afternoon trading session. Xinzhi Holdings (02166.HK) surged 24%, GigaDevice Semiconductor (03986.HK) rose 17%, Montage Technology (06809.HK) gained 10%, while Semiconductor Manufacturing International Corporation (SMIC, 00981.HK) and Daysemi (09903.HK) each climbed 8%.
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Pantera Capital: Hyperliquid’s future revenue potential is five times its current level, with the platform’s annual revenue reaching up to $3.7 billion.
Crypto venture capital firm Pantera Capital stated that Hyperliquid’s potential addressable market amounts to roughly $10 trillion in daily notional trading volume, including around $200 billion in 0DTE options and leveraged ETF trades, approximately $2 trillion in commodity derivatives trading, and about $8 trillion in foreign exchange derivatives. If Hyperliquid can consistently capture a low single-digit share of this market, its revenue potential could reach 5 times its current level. According to estimates, if HIP-3’s annualized notional trading volume hits $3,650 trillion and it secures a 1% market share—assuming a combined fee rate of 2 basis points and a 50% revenue split for Hyperliquid—the platform’s revenue could reach around $3.7 billion. However, Pantera pointed out that regulation remains the biggest risk facing Hyperliquid. Currently, perpetual contracts are not fully accessible in the U.S.; if the U.S. legalizes related products and introduces regulated platforms in the future, Hyperliquid may face stiffer competition, and some U.S. user trading volume may shift to compliant trading venues. Pantera believes Hyperliquid may also launch a regulated version for the U.S. market going forward.
2 minutes ago
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