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04:54
Hyperliquid founder previously rejected a $1 billion valuation funding proposal, adhering to a "zero external investment" strategyBlockBeats news, on April 13, according to Colossus, Hyperliquid founder Jeffrey Yan received an investment proposal based on a valuation of about 1 billion US dollars and a scale of around 100 million US dollars less than a year after the project's launch. However, after careful consideration, he ultimately chose to reject this investment offer. The report shows that before and after the investment proposal, the team had been continuously maintaining operations "out of their own pockets," with the founder covering project costs with personal funds every month. During this period, Jeff communicated with multiple entrepreneurs and VCs regarding the essence and significance of fundraising, but he could not be convinced that "external capital would enhance its intrinsic value." In the end, he clearly informed the team on Monday that he was rejecting the funding proposal. Internal sources said that the team's financial managers were shocked by the decision, since much preparatory work around fundraising had already been advanced. Jeff's core reason was that Hyperliquid is not a traditional company, but an on-chain protocol that needs to maintain neutrality. He believes that once external equity capital is introduced, it may undermine the protocol's "permissionless and neutral" positioning, which would conflict with its long-term design goals. He once stated publicly that if Bitcoin had accepted VC funding in its early days, its "neutrality narrative" might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's no-investor structure and to support part of the operating expenses with his own funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors· No paid market makers· No fees charged to the development team (or the development team does not take fees)· No insiders (or privileged internal participants) This declaration is also seen as the core annotation of Hyperliquid's "extreme decentralization/de-capitalization" path.
04:54
Emerging asset prices fall after US-Iran talks failGolden Ten Data reported on April 13 that tensions escalated as peace talks in the Middle East broke down, dampening risk sentiment and causing a decline in emerging asset prices. The MSCI Emerging Markets Index fell by 1.2% during Asian trading hours, weighed down by technology stocks including Samsung Electronics. Most regional currencies depreciated against the US dollar, with the Indian rupee and the South African rand both dropping more than 0.7%. The Hungarian forint performed relatively well after the pro-EU opposition achieved a landslide victory in Hungary's parliamentary elections. Abbas Keshvani, a macro strategist at RBC in Singapore, stated: "This weakness has not yet completely disappeared, and for many energy-importing countries, it will be a slow process of 'capital outflow.' As long as energy prices remain high, regions like India and South Korea will see importers needing to pay more US dollars than usual—"
04:52
Alameda Research unstakes and transfers $16 million worth of SOLAccording to Odaily, Arkham monitoring shows that Alameda Research has unstaked $16 million in SOL and sent it to an address for distributing SOL to creditors. The last similar operation took place one month ago.
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