Author: Bloomberg; Translated by: Lena Xin, ChainCatcher The anonymous decentralized exchange Hyperliquid, built by a small team of engineers, has attracted heavyweight investors and achieved a trading volume of hundreds of billions in just two years. The platform focuses on perpetual contract trading, which is a contract with no expiration date, dominating the cryptocurrency speculation market with a monthly trading volume exceeding $60 trillion. Although Hyperliquid's scale is vastly different from that of industry leader Binance, it has already surpassed Coinbase in certain areas and established a competitive advantage in decentralized exchanges. Its development has made it the focal point of the crypto wilderness. Supporters praise its speed and transparency, but it has also made it the center of last week's market crash, where traders on the platform suffered losses of 10 billion dollars. Hyperliquid is still dominated by a core circle, causing

CoinDesk interviewed Ark Invest CEO Cathie Wood, who elaborated on how the popularity of stablecoins affects her predictions for Bitcoin, her unique investment philosophy, and revealed Ark Invest's methodology for crypto asset allocation. This article is based on a piece by Coindesk, compiled and translated by Lena Xin from ChainCatcher. (Previous context: Cathie Wood: Bitcoin holders may transfer BTC to Coinbase for mortgage loans to buy houses) (Background information: The "female stock god" enters a position in Ethereum! Ark Invest invests $182 million in BitMine; SharpLink Gaming buys another 80,000 ETH) I believe AI will soon disrupt traditional quantitative strategies, completely commoditizing them. Guest: Cathie W

Apple Studios and A24 are planning to jointly produce a film adaptation of Michael Lewis' work on the FTX bankruptcy event. It is reported that Lena Dunham will write the script, focusing on the rise and fall of the cryptocurrency exchange FTX and the story of its founder, Sam Bankman-Fried. The article also mentions that after the FTX bankruptcy case, several people were sued and the court sentenced SBF to 25 years in prison, but the FTX bankruptcy proceedings are still ongoing. In addition, the article combines speculation from netizens and lists potential actors to play SBF, such as Jonah Hill, Jesse Eisenberg, Seth Rogen, and Adam Sandler.