Hello everyone. We are officially resuming the Newsletters, we apologize for not having done any for nearly 2 months. This newsletter will therefore go on to cover all the best news from the last 2 months and from next week we will resume the normal weekly schedule. We've also added a section showing what is happening in the Hyperliquid ecosystem, including a summary of what happened in these 2 months.

1. Listing & CTF

Very recently we had an announcement from Coinbase which will be added to the listing page. These listings usually brings take less than 10 days, which would make the current the current one still active. Coinbase will quickly manage their $HYPE. For those who don't know: there are currently 2 listings, which would normally bring the price above this level.

2. HIP-3 - The Future of Finance Still Poorly Understood

For those who don't know HIP-3, it is very short summary perpetuals deployable by everyone. We will therefore be able to trade anything possible to trade on Hyperliquid with leverage, for example stocks, FX, pre-IPO companies, prediction markets and many others. Precisely these markets have a huge advantage for Hyperliquid: with the surge of $COIN and $HOOD, it is Hyperliquid who profited enormously, but also TradeXYZ, the HIP-3 deployer of $ROBINHOOD and $COIN-USDN with volumes reaching $4-5 in 24h across all pairs.

💡 Key fact: But they are not the only HIP-3 to have grown, this is notably the case of Felix, who also listed $PAXOS and $GOLD with $USDN as collateral, but also Starkex or DreamCash who from the beginning among the top HIP-3s in volume.

We also have direct evidence of their success with scammers from TroveMarkets who were supposed to launch very exotic pairs like an index on Robo watches, Pokemon cards or even handcups. They had raised $20,000 requested by Hyperliquid which is often to be able to deploy. Subsequently, they had FDV, they started selling all the HYPE with a 2ch TWAP with more than 100 transactions to try to avoid being noticed. LP is a bit nervous: "I am trying to sort this out right now."

3. DaTs and Institutions Continue to Buy

The different DaTs continue to buy in particular Hyperliquid DeFi which owns much more than Michael Saylor's Strategy invested in $BTC. According to the onchain analysis, they would have $30,000 at $28.66/HYPE with up to 35x leverage. They have therefore absorbed much more than 1 million of the supply. There is also Hyperion DeFi which continues to absorb HYPE. With the growth, we notably know that they own DaTs. To conclude: The Play that AI research are focused on financial markets, launched a trading competition that got a lot of attention, particularly from CZ and others in the crypto world. They gave prize to the as largest AIs on the market, all on-chain on Hyperliquid.