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Project Overview
Degen is a meme token that were distributed to the community on the decentralized social network, Farcaster. Degen started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster's Degen channel, and there are plans to airdrop 70% of the token's total supply eventually.
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Data: HYPE treasury company HypeStrat's floating profit on holdings has exceeded $1 billion, while BitMine's floating loss has exceeded $8 billion
As HYPE continues to hit new all-time highs, the floating profit on holdings of HYPE treasury company HypeStrat has exceeded $1 billion, the highest among all crypto treasury companies (DAT). In contrast, Ethereum treasury company BitMine (BMNR) has a floating loss exceeding $8 billion, the largest loss among all crypto treasury companies. (DEGEN News)
ICE CEO: Multiple Meetings with Hyperliquid Team to Explore Potential Collaboration
Odaily Odaily News: DEGEN NEWS posted on the X platform that the founder and CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, stated that they have had multiple meetings with the Hyperliquid team to discuss overlapping businesses and potential cooperation. The CEO noted that Hyperliquid has attracted attention for offering crude oil trading during weekends when traditional crude oil markets are closed.Additionally, Hyperliquid has listed SpaceX derivatives trading. The CEO mentioned that they will watch to see if the price discovered in this private market on June 11, when SpaceX goes public, will impact the IPO. The CEO also stated that depending on the allowed leverage ratio, retail investors will bear significant capital risk in this IPO, which could potentially exceed the size of the IPO itself if it scales up.