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@kirbyongeo Your honor, my client would like to redirect the court's attention to this offshore crypto exchange

Oh now this is pure comedic gold. DOJ/CFTC begun investigating CME and ICE (NYSE's parent company) CME and NYSE points fingers at Hyperliquid.

@0xAphelion @rugdiary @zoomerfied Not saying there's an agenda, but the article itself is way more balanced than the headline.

fellas. it's a headline true to the bloomberg headline and key points in article As is always the case with news, you get additional information from the article If you think there's some anti-hyperliquid agenda on our end, then you really haven't been paying attention Hyperliquid

Price dump 10% on the @zoomerfied tweet, but the article is a real goldmine. Bullish. "Michael Selig, chairman of the CFTC, said at a conference in early May that Hyperliquid could “end up influencing the spot market price or the futures market price on our registered platforms.” "Several traders told Bloomberg they watch weekend trading on Hyperliquid for cues on where prices may open" "Don Wilson, the founder of DRW, a Chicago-based high-speed trading firm with more than 2,000 employees, said in an interview that his firm transacts on Hyperliquid through employees based abroad. He said that its growth will likely force the exchanges to change their business models." "While the traditional exchanges have been raising concerns about Hyperliquid, US officials are also investigating suspicious activity on their platforms. The CFTC is probing well-timed trades in oil futures on CME and ICE’s platforms," Hyperliquid.

@0xSoDank @HyperliquidPC Hyperliquid have the most respected US policy group working for them (@HyperliquidPC) , and now also Coinbase/Circle policy support. We can sleep on both ears and let them cook.

@HyperliquidPC @TimHallCH Lets pray hyperliquid wont be SECd like etherdelta did a decade ago🙏back then we werent ready for 24h dex trading, I hope by now yes

Today, Bloomberg reported on certain incumbent traditional exchanges raising concerns about the integrity and impact of markets for perpetual derivatives on Hyperliquid. These concerns are unfounded. Hyperliquid offers enhanced market transparency, publishing a complete onchain record of every transaction in real time, making it a uniquely hostile environment for insider trading or price manipulation. Hyperliquid’s transparency serves as a strong deterrent for misconduct and facilitates surveillance, detection, and investigation by regulators and law enforcement. Hyperliquid also offers 24/7 trading, an innovation that substantially increases market efficiency. Prices move whether traditional exchanges are open or not. Continuous trading eliminates gaps and discontinuities between legacy market hours, improving price discovery for all participants. Bloomberg correctly reports that U.S. law is not currently tailored for derivatives markets on public blockchains like Hyperliquid. We look forward to continuing our work with policymakers in Washington to bring onchain markets inside the regulatory perimeter.

@rugdiary @zoomerfied Indeed. The real summary tweet should have been: "The clash is pitting Wall Street’s old guard against a fast-growing foreign upstart"

@TimHallCH @zoomerfied so the zoomerfield (sponsored by polymarket) headline chose to leave out a lot of context & general article theme? shock

@aaalexhl @zoomerfied bloomberg.com/news/articles/…

@TimHallCH @zoomerfied Can you link the article pls

@zoomerfied "The clash is pitting Wall Street’s old guard against a fast-growing foreign upstart."

@zoomerfied "I think that most likely traditional exchanges will be forced to move to 24/7 or close to 24/7 just because otherwise, they're going to lose mind share and market share" Don Wilson, founder of DRW

@amitisinvesting Biggest story of the day : $CBRS price discovery happened on Hyperliquid

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. $CBRS Cerebras opened about 75% above its expected IPO price of $185, giving the AI chip company a roughly $100B market cap despite generating $585M in revenue last year. Ark Invest also bought 105,616 shares just one day after the IPO, adding more attention to the name. The momentum is set to continue with LeverageShares launching a 2x leveraged Cerebras ETF tomorrow morning. 2. President Trump submitted his latest stock purchase and sale disclosures to the White House Office of Ethics, with the filing reportedly spanning more than 100 pages and including thousands of trades. The disclosure is notable because it shows a sitting president actively trading individual securities rather than only holding assets like corporate debt, index funds, or Treasuries. Some of the names listed as purchases include $PLTR, $HOOD, $NVDA, $SOFI, $MSFT, $AAPL, $DIS, $V, $ULTA, $JPM, $COIN, $LYFT, $AMZN, and $RKLB. 3. The U.S. has approved around 10 Chinese companies to purchase Nvidia’s $NVDA H200, the company’s second-most powerful AI chip. Nvidia hit an all time high at $240 today. 4.Figure AI has been livestreaming its humanoid robots performing real warehouse-style package sorting tasks using its Helix-02 AI system. The robots pick up, scan, rotate, and place packages onto conveyor belts autonomously while operating for extremely long periods, including a reported 24/7 run after initially targeting an 8-hour shift. The livestream is meant to prove that humanoid robots can handle repetitive labor reliably and economically, rather than just perform flashy demos. Many viewers see it as one of the first convincing demonstrations of commercially viable humanoid labor, especially for warehouses and logistics. The robot has so far dealt with 34K packages live and has reached parity with a human worker that can do 3 every second. 5. The most traded stocks in the options market today were $NVDA with 5.0M contracts, $TSLA with 2.5M, $NOK with 889K, $F with 860K, $ONDS with 849K, $INTC with 814K, $AAPL with 752K, $MSFT with 736K, $MSTR with 670K, and $MU with 644K. 6. Semiconductor leverage flows surged, with $SOXL, the 3x long semiconductor ETF, taking in a record $1.03B on Tuesday. At the same time, $SOXS, the 3x short semiconductor ETF, saw $230M of outflows, its largest daily withdrawal since late March. $TQQQ also added $161M, its biggest inflow since March 31, but $SOXL inflows were more than 6x larger as traders concentrated bullish exposure in semiconductors. Since the March 30 bottom, $SOXL is up 354%, its strongest 31-day gain since launching in 2010, while the $SOX semiconductor index is up 68%, its third-best 31-day run on record. 7. Retail investors are buying stocks at one of the fastest paces in years. Year-to-date retail equity inflows are ahead of every comparable period over the last seven years except 2021, and after slowing briefly in March, retail buying jumped sharply in April. The week ending May 1 ranked in the top 2% of weekly retail inflows since 2019, and at the current pace, individual investor purchases could surpass the 2021 record as soon as July. Retail options activity is also elevated, with average daily volume now at 1.57x January 2024 levels, the highest since the October 2025 peak. 8. SpaceX could release its IPO prospectus as soon as next week, according to CNBC, after confidentially filing in April. The company’s roadshow is expected to start June 8, with SpaceX reportedly targeting one of the largest public offerings ever following its merger with xAI at a combined $1.25T valuation. The IPO could raise around $70B-$75B, which would be more than twice the size of Saudi Aramco’s record 2019 listing. 9. AI data center demand is putting pressure on power costs across PJM, the largest U.S. grid, which serves 67M people across 13 states and Washington, D.C. Wholesale power prices averaged $136.53/MWh in Q1 2026, up 75.5% from $77.78/MWh a year ago. Capacity costs rose 398.1% year-over-year, while congestion costs increased 300.4% to $2B. 10. Tech layoffs have now passed 100,000 in 2026, with TNW reporting cuts across roughly 250 events this year. LinkedIn is reducing headcount by about 5% despite 12% revenue growth, while Cloudflare is cutting more than 1,100 roles, or about 20% of its workforce. AI is becoming a major driver of the reset, with Challenger citing it as the top reason for job cuts in both March and April and linking AI to 49,135 announced layoffs so far this year. 11. President Trump said President Xi told him China will not supply military equipment to Iran and supports a peace agreement. Trump also said Xi offered to help mediate the situation and work toward reopening the Strait of Hormuz, a critical shipping route for global oil flows. 12. The CLARITY Act advanced out of the Senate Banking Committee today in a 15-9 bipartisan vote. The bill would create clearer federal rules for crypto, including when tokens are treated as securities versus commodities. Crypto stocks rallied on the news, including Coinbase, as investors viewed it as a major step toward regulatory certainty. The bill still is not law and needs full Senate approval, House reconciliation, and final passage. The main fights now are over stablecoin rewards, anti-money-laundering rules, and ethics concerns tied to political figures profiting from crypto. $BTC Bitcoin passed $81,000. WALL STREET IS THE GREATEST SHOW ON EARTH.

Hyperliquid

Next announcement, Hyperliquid US, by Coinbase ? Thank you @cobie

@citrini @SigmaSquared_ @tradexyz Hyperliquid

@SigmaSquared_ @tradexyz Oh right Hyperliquid

Have gotten 4 different calls today from funds who are watching CBRS trade on @tradexyz for price discovery, pretty surreal

@404flipped Looks like the spread on @tradexyz CBRS is tighter than on NASDAQ currently.

is no1 gonna talk about how stocks are practically untradeable on hype and any meaningful size purchase wicks it 10%

@vibhu Circle kingmake themself

@TimHallCH sure lol

I find it very ironic that in the same week dot HLs were saying we "kingmade" a perps product by tweeting about it, Hyperliquid absolutely & definitively kingmade a specific stablecoin On Solana there are 24 different USD stablecoins and another few dozen foreign stablecoins A truly competitive eco up and down the stack

@vibhu Maybe read the docs ? hyperliquid.gitbook.io/hyperliquid-do…

@CatfishFishy @AustinBarack There is no trading fee discounts with AQAv2

@AustinBarack It's about $ 100M. Your numbers don't include the trading fee discounts that aply to traders with AQAs.

$440K per day. Every day. That's how much (additional) $HYPE buy pressure is coming from the Hyperliquid/Coinbase deal beyond the already $1.7MM in daily revenue from trading fees. At current levels, an estimated $160MM of additional annual revenue is going to Hyperliquid with Coinbase now the official USDC treasury deployer and Coinbase sharing ~90% of the USDC reserve yield with Hyperliquid. Oh, and Coinbase also announced they bought more $HYPE for their balance sheet. Hyperliquid.

@ThatAIFreak @HyperliquidX @tradexyz Yes for a few months 😅

@TimHallCH @HyperliquidX @tradexyz Wow the long journey through the most remote places in the world is over?!

The AQAv2 news is nice revenue wise, but the biggest story of the day for @HyperliquidX is the $CBRS ipo imo. A few months back, hyperliquid was the best platform for price discovery of pre-TGE crypto market, but today @tradexyz proves that hyperliquid is the best platform for Pre-IPO market and price discovery. What a day. Hyperliquid

@ThatAIFreak @HyperliquidX @tradexyz I'm putting the expedition rig in the container this week for shipping back home 😭😭

@TimHallCH @HyperliquidX @tradexyz