Hyperliquid HIP-3 Cumulative Trading Volume Surpasses $200 Billion, S&P 500 On-Chain Ignites Chain-Linked Total Asset Race
June 14 – Hyperliquid’s HIP-3 framework, launched in October 2025, has hit major milestones: total trading volume has surged past $200 billion since its debut, while open interest (OI) reached a historical high of $3.2 billion this June—signaling a new era for on-chain traditional asset derivatives.
A pivotal development came when S&P Dow Jones Indices officially licensed Trade[XYZ] to roll out the world’s first S&P 500 perpetual contract on Hyperliquid. The product provides 24/7 leverage access to eligible non-U.S. investors, settles in USDC, and has no expiration dates or rollover costs. It topped $1 billion in daily trading volume in its first week, quickly climbing into the platform’s top 10 most active trading pairs.
This momentum got an extra boost from SpaceX’s recent initial public offering (IPO) on Nasdaq. After the launch, retail investors widely voiced frustration over custody limits and lock-up barriers on centralized exchanges. Simon Dedic, co-founder of Moon Rock Capita
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The Kingdom of Saudi Arabia's Public Investment Fund holds 42.4 million shares of SpaceX, with an unrealized gain of approximately $2.36 billion.
June 14 – Saudi Kingdom Holding Co. disclosed Wednesday that, per its March 31 financial filings this year, it holds 42.4 million shares of SpaceX Class A common stock, carrying a book value of $4.47 billion.
At SpaceX’s last Friday closing price of $160.95 per share, the fair value of its SpaceX stake is approximately $6.83 billion (roughly 25.6 billion Saudi riyals), translating to an unrealized gain of roughly $2.36 billion versus the carrying value.
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Opinion: Anthropic Export Control Compliance Highlights Centralization Risks in AI, Decentralized AI Could Become Key Counterbalancing Force
On June 14, CoinFund founder Jake Brukhman argued that AI models come with inherent centralizing tendencies—making them a prime target for government regulation and control. Anthropic’s latest export control compliance move only reinforces this trend, he noted.
Brukhman pointed to decentralized networks as a critical counterbalance, offering a path to build sovereign, open, public decentralized AI. The core challenge here boils down to compute power: while it’s widely assumed only trillion-dollar tech giants can afford cutting-edge model training, abundant global GPU capacity exists. The missing piece? Developing new distributed training algorithms.
He highlighted teams like Gensyn, Prime Intellect, Bagel, Pluralis, Nous Research, Macrocosmos AI, and Covenant AI pioneering this work. Early on, many wrote off distributed training as unfeasible, but the reality is it’s not only doable—it can be cheaper and nearly as efficient as traditional solutions, he explained.
Another major
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Mark Zuckerberg acknowledges mistakes in Meta AI transformation, says there will be no more large-scale layoffs this year
On June 14, Meta CEO Mark Zuckerberg said in an internal memo that the company "has made mistakes during its AI-focused organizational shift and will almost certainly keep making them going forward," though it aims to preserve as much organizational stability as possible.
Zuckerberg also emphasized that Meta does not anticipate another company-wide layoff this year. Back in May, the company completed a major restructuring, cutting roughly 10% of its global workforce and reassigning 7,000 employees to new AI workflow-related projects.
He added that the company will work to secure new roles for staff focused on AI model training, allowing some employees to return to their original teams if needed.
Additionally, Meta plans to expand its team-building budgets, increase spending on remote meetings and corporate events, and host a major hackathon in July to drive cross-team collaboration and develop cutting-edge AI models.
Zuckerberg also pointed out that Meta has noticed issues with man
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There is a discrepancy in the signing schedule of the US-Iran Peace Agreement, Iran says it will not sign on Sunday.
[Dateline: WASHINGTON, June 14] — U.S. President Donald Trump told *The New York Times* that a U.S.-Iran agreement is on track to be signed Sunday, with the Strait of Hormuz reopening immediately after the accord takes effect. But Iran’s Foreign Ministry spokesman Baghaei pushed back: the deal won’t be signed this Sunday, though it could be reached in the coming days.
Neither Washington nor Tehran has released the full text of the agreement, leaving open the risk the pact could collapse. Per a memorandum of understanding (MOU) previously disclosed by officials from both sides, preliminary terms call for Iran to reopen the Strait of Hormuz, the U.S. to lift blockades on Iran’s ports, and the April ceasefire between the two nations to be extended by 60 days. During that window, the U.S. and Iran will hold fresh negotiations over Iran’s nuclear program and U.S. sanctions targeting Tehran.
The agreement faces fierce pushback from conservative factions within Iran. Fars News Agency, a med
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Humanity Hack Update: Suspected North Korean Hackers Involved, About 141 million Tokens Stolen and Dumped
June 14 — The Humanity Project team issued a statement in the early hours of yesterday regarding a cross-chain attack targeting its H token that took place on June 8. The attacker used a phishing email to gain access to a board member’s device, stealing their private key to execute on-chain transactions. The report noted the attack displayed technical tactics and tooling similar to those linked to a North Korean hacker group.
The breach occurred across both Ethereum and BNB Chain. Using the stolen key, the attacker upgraded the Ethereum contract and transferred roughly 141.18 million H tokens. Simultaneously, they seized control of the BSC-side ProxyAdmin contract and minted additional tokens. Over an approximately 8-hour window, the attacker gradually sold these assets on Uniswap and PancakeSwap, disrupting liquidity and harming token holders.
The project team confirmed the attack vector was a targeted social engineering phishing email disguised as an update notification from crypto
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