HYPE Treasury’s PURR gained over 17% intraday, with its mNAV rising to around 1.078.
As HYPE’s rally continues to push it above $94, the market net asset value multiple (mNAV) of Hyperliquid Strategies (PURR), the HYPE treasury firm, has returned to above 1. Data from the BIT stock platform shows its current mNAV is approximately 1.078, a 7.8% premium over net asset value. PURR is now trading at around $11.66, with an intraday gain of over 17%. Its net asset value per share is roughly $10.81, corresponding to a HYPE price of about $85.96. Today, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into regulated U.S. markets.
3 minutes ago
Elon Musk comments on legendary investor Stan Druckenmiller's investment in Trade.xyz: "Interesting!"
Elon Musk retweeted a post about legendary investor Stan Druckenmiller’s investment in Trade.xyz, commenting “Interesting.” Druckenmiller — a former chief trader at Soros Fund Management, legendary macro hedge fund manager who led the iconic 1992 bet against the British pound, and founder of Duquesne Capital — announced today he has joined Trade.xyz as an investor. He expressed excitement over the firm’s collaboration with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual contracts to the U.S. regulated market, adding that as a market participant, he looks forward to leveraging Trade.xyz’s innovative products to enhance his investment process. The news comes as ICE, parent company of the New York Stock Exchange, partners with Trade.xyz to launch perpetual contract products in the U.S. regulated space.
3 minutes ago
HYPE continues its rally, breaking through $94, and is just 4.3% away from hitting a new all-time high.
According to HTX market data, HYPE has continued its rally, breaking above $94, surging over 17% in 5 hours and remaining just 4.3% short of a new all-time high. Earlier reports noted that Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into the U.S. regulated market.
3 minutes ago
Polymarket launches five-minute cryptocurrency up/down prediction contracts in the US.
Polymarket has launched five-minute cryptocurrency up/down prediction contracts on its regulated U.S. platform. The platform is operated by QCX LLC and regulated by the U.S. Commodity Futures Trading Commission (CFTC). Traders can predict whether assets including Bitcoin, Ethereum, Solana, and XRP will close above or below their starting price within five minutes. Correct predictions pay out $1 per unit, while incorrect ones yield zero, with a structure similar to binary options.
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Polymarket is investigating suspicious transactions linked to the Israeli elections, as hundreds of new accounts profited from accurate pre-election predictions.
According to Bloomberg, prediction market platform Polymarket is probing a series of well-timed, highly profitable trades linked to this week’s Israeli election. Bloomberg’s analysis shows that shortly before voting concluded on Tuesday, hundreds of new accounts placed concentrated bets on Benjamin Netanyahu and his Likud party outperforming their rivals. After some exit polls indicated Netanyahu’s bloc secured more seats than initial reports, these trades turned profitable rapidly, with some accounts having already cashed out over $100,000. This is the latest case of insider trading concerns raised by prediction markets. Prior to this, Polymarket has faced extensive regulatory and public scrutiny for its accurate predictions on events including sports, U.S. elections, and geopolitical matters.
3 minutes ago
Optimism Foundation Proposes Refunding OP Mainnet Sequencer Fees to Key Partners
The Optimism Foundation has submitted a proposal in its governance forum, seeking authorization to refund sequencer fees generated from activities brought by key market expansion partners on OP Mainnet. Refunds will be paid in ETH fee revenue, not OP tokens. The foundation noted that this measure delivers performance incentives without increasing circulating OP tokens, and the buyback experiment will be calculated based on net income after deducting such refunds. The proposal stipulates that refunds must meet activity milestones, have a fixed term, and be used selectively only when the overall terms are favorable to Optimism. The foundation plans to disclose the proportion of total refunds to sequencer and priority fee revenue within a fixed percentage range in its annual collective budget report.
3 minutes ago
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