Hyperliquid SPCX Futures Hit $1.1B Daily Volume, Trading 20% Above Stock Market — Stablecoins

Hyperliquid SPCX Futures Hit $1.1B Daily Volume, Trading 20% Above Stock Market

SPCX perpetual futures on Hyperliquid surged past Solana’s daily volume just four days after SpaceX’s IPO, with the contract trading at a persistent 20%+ premium to traditional markets as crypto traders unable to access shares express conviction through derivatives. The explosive growth raises regulatory questions about tokenized equity derivatives operating outside traditional market structure.

DeepSeek Raises $7B While Locked Out of Nvidia Chips — Crypto News

DeepSeek Raises $7B While Locked Out of Nvidia Chips

DeepSeek closed its first external funding round at over $7 billion, valuing the Chinese AI startup at $50+ billion and signaling that frontier AI capital is no longer Silicon Valley’s monopoly. The deal’s structure—with state backing, no voting rights for outside investors, and a five-year lock-up—reflects Beijing’s strategic push for AI self-sufficiency amid Western export controls.