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Odaily reported, according to Lookonchain monitoring, two addresses simultaneously opened 10x long positions on PEPE, with a total position of 924.7 million kPEPE, valued at 3.37 million US dollars.

BlockBeats News, May 20th, Hyperliquid has just updated the HIP-3 official document. The update indicates that the 500,000 HYPE staking requirement for deploying a perpetual DEX "will gradually decrease as the infrastructure matures. Any portion staked beyond the subsequent staking threshold can be unstaked." Furthermore, the document states: "Any deployer meeting the staking requirement can deploy a perpetual DEX. It is important to note that each perpetual DEX has its own independent margin, order book, and deployer settings. Future upgrades may support multiple DEX deployments sharing the same deployer and staking requirements." BlockBeats believes that by lowering the staking threshold, the HIP-3 ecosystem will attract more builders, integrate into more niche markets, and enable more experimentation.

However, as prices continue to gradually correct and bearish forces are released, the market's downside space is narrowing. In the tungsten concentrate market, as the sentiment-driven premium bubble has largely dissipated, panic selling pressure within the market has eased, price spreads are narrowing, and bottoming sentiment is increasing. Nevertheless, a substantive recovery still awaits a positive signal from the demand side or proactive supply reduction. The price of 65% black tungsten concentrate is quoted at 430,000 yuan per standard ton, marking a 59.1% decline from its peak and a 6.5% drop compared to the beginning of the year. The price of 65% white tungsten concentrate is quoted at 429,000 yuan per standard ton, marking a 59.1% decline from its peak and a 6.5% drop compared to the beginning of the year.