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08:51
SPCX Ranks Among Top HIP-3 Markets with Trading Volume Exceeding $1.125 Billion
On the Hyperliquid platform, SpaceX tokenized stocks have become the highest trading volume HIP-3 market, ranking third in overall trading volume across the Hyperliquid platform. Data shows that SPCX has recorded a trading volume of $1.125 billion, making it one of the most actively traded HIP-3 assets in the current Hyperliquid ecosystem.
08:34
ING: Japanese Yen Expected to Remain Weak If Bank of Japan Doesn’t Raise Interest Rates Before December
⑴ Chris Turner of ING Group stated in a report that if the Bank of Japan raises interest rates by 25 basis points to 1.00% on Tuesday and does not hike again until December, the yen is likely to remain weak. He said this would keep Japan's inflation-adjusted real interest rate comfortably in negative territory. ⑵ He noted that if volatility continues to decline this summer and carry trades regain popularity, the yen will continue to serve as a funding currency; in carry trades, investors borrow low-yield currencies to invest in high-yield currencies. ⑶ He said that USD/JPY could break above 160.70 and even risk rising to the 161-162 range, where the Bank of Japan would be more likely to intervene. USD/JPY is flat at 160.28.
08:34
DeFi yield protocol Pyra ceases operations
Foresight News reported that the DeFi yield protocol Pyra, affected by the Drift Protocol attack, has announced it will cease operations. Pyra stated that it has not found a sustainable way to continue after the incident and has currently suspended new user registrations. Existing users can withdraw funds before September 15. Pyra also mentioned that after Drift launches its "recovery tokens," they will be distributed to affected users through a web portal.
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