JUST IN: Hyperliquid flips Solana in fully diluted valuation.

In the best way possible, Hyperliquid is starting to feel like a radical online cult building a digital cathedral for global finance. It’s amusing seeing all these centralized crypto companies buy $HYPE to signal alignment to the community as if it’s tribute. I don’t recall this ever happening with any asset other than $BTC. Beyond the obvious flows benefit, the practical implication here is that an increasingly wide and powerful network of people and institutions in the crypto ecosystem are all highly incentivized to make Hyperliquid a massive success. I honestly believe this dynamic wouldn’t exist if Hyperliquid didn’t do a fair launch and rekindle crypto’s original spirit. My bet is this will remain a compounding advantage for Hyperliquid well into the future.

CONSENSUS MIAMI IS HERE, presented by @moonpay. CoinDesk Live in conversation with Brad Garlinghouse, Adam Back, Arthur Hayes & more on where crypto stands today. Don't miss a minute. x.com/i/broadcasts/1nxnRYeOo…

SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI. The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models. Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.

JUST IN: Singapore urges banks to “plug their cybersecurity holes” in preparation for Claude Mythos.

Thanks @domcooke for spending months on researching and writing this piece. Einstein once said, "If you can't explain it simply, you don't understand it well enough." By that measure, Dom has blown me away with how deeply he came to understand Hyperliquid and what we're all building together. When someone asks what "housing all of finance" means, I'm proud to point them to this piece. I hope readers appreciate just how much Dom and his team put into their work. It reflects the thoughtful craft that is in Hyperliquid's DNA. Special thanks to @patrick_oshag for taking a bet on Hyperliquid's story.

S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.

I think listing Chinese AI stocks on Hyperliquid HIP-3 markets could be a good niche. They are hard to access, have huge volatility, and are talked about a ton on X (eg Minimax), so have that virality factor. I know a lot of people who would like to speculate on these.

Technology stole your privacy, and with it your freedom. Yannik Schrade has a plan to get it back. (0:00) Why Is Privacy So Important? (4:13) Is Schrade Prepared to Suffer for His Cause? (10:38) Why Doesn't Our Current System Protect Our Privacy? (14:16) Are We Being Surveilled? (26:19) Is the iPhone Safer Than Android? (31:25) Is It Truly Possible to Communicate Privately? (35:20) Is Signal a CIA Operation? (47:54) Is the Current State of the Art Cryptography Secure? (53:02) How Did Schrade Build This Technology? (56:42) Is It Possible to Move Money Privately? (1:03:20) The Arrest of Roman Storm (1:14:48) Are Cash Transactions Private? (1:18:37) Is Schrade Concerned for His Safety? (1:23:02) How Will This Technology Impact Our Lives? (1:28:54) Will Any Big Hardware Manufacturers Sell Truly Secure Devices? (1:35:17) Are All Our Text Messages Being Monitored? (1:39:58) Is Your Phone Listening to You? (1:44:50) Where Can People Learn More About Schrade's Work?