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Universe

Universe

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A community driven and royalty enabled NFT protocol

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Project Overview

Universe Protocol is a social media NFT platform featuring minting, marketplaces, social tools, NFT tools, and auctions.

Hyperliquid Co-founder: SK Hynix-Related Perpetual Contract Deployed and Operated by XYZ Team, Investigating the Incident

Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, and different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team. The XYZ team is currently investigating the situation and will release updates once a conclusion is reached.Iliensinc also explained that the HIP-3 market deployer is responsible for providing data such as the mark price, oracle, and external perpetual contract price. Taking the pricing mechanism of a BTC perpetual contract as an example, the protocol provides the median of the latest on-chain transaction price, the best bid price, and the best ask price as one of three price components. The other two prices are provided by the deployer, and together these three influence the final mark price.

Hyperliquid Holds Meeting with SEC Crypto Task Force on Crypto Asset Regulatory Issues

According to the memorandum, on July 14, 2026, staff from the SEC Crypto Task Force held a meeting with representatives from the Hyperliquid Policy Center, Highland Labs Pte. Ltd. (Hyperliquid Labs), XYZ Ltd., and Sullivan & Cromwell LLP to conduct an in-depth discussion on topics such as regulatory approaches for crypto assets and the technical architecture and market ecosystem of the Hyperliquid Protocol.

trade.xyz launches Events feature, supporting cross-asset unified account trading

According to an official post from trade.xyz, trade.xyz has officially launched its Events feature, further advancing its vision of establishing Hyperliquid as a universal exchange. Users can execute a variety of operations through a single unified account, including depositing spot BTC, borrowing USDC, opening SpaceX pre-IPO perpetual contracts, hedging against SK Hynix earnings events, and predicting US Open outcomes. The Events market spans sports, politics, economic, and financial sectors. Initially rolling out Up/Down contracts for stocks, commodities, and pre-IPOs, pricing is settled based on the trade[XYZ] perpetual contract market price, rather than relying on external oracles.

trade.xyz has converted Unitree to a standard XYZ perpetual contract, offering 10x leverage and 24/7 year-round trading

trade.xyz announced on the X platform that UNITREE has been converted to a standard XYZ perpetual contract, supporting 10x leverage and 24/7, 365-day trading.

Hyperliquid Co-founder: SK Hynix-Related Perpetual Contract Deployed and Operated by XYZ Team, Investigating the Incident

Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, and different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team. The XYZ team is currently investigating the situation and will release updates once a conclusion is reached.Iliensinc also explained that the HIP-3 market deployer is responsible for providing data such as the mark price, oracle, and external perpetual contract price. Taking the pricing mechanism of a BTC perpetual contract as an example, the protocol provides the median of the latest on-chain transaction price, the best bid price, and the best ask price as one of three price components. The other two prices are provided by the deployer, and together these three influence the final mark price.

Converted to the standard XYZ perpetual contract, ChangXin Memory Technologies supports 10x leverage and around-the-clock trading

Odaily reports: trade.xyz posted on X platform, stating that ChangXin Memory Technologies has been converted to the standard XYZ perpetual contract, supporting 10x leverage and enabling 7×24 trading throughout the year.

Trade[XYZ] 46% has covered ticker costs on HIP-3 markets, with GOLD generating over $4.6 million in fees

HyperliquidNews posted on X platform, stating that to launch a HIP-3 market, a deployer must lock 500,000 hyperliquid:native and purchase a ticker for each created market. As the largest HIP-3 deployer, Trade[XYZ] has purchased 103 tickers and launched 87 markets. The minimum cost of a ticker is 500 hyperliquid:native, currently valued at approximately $31,400. HIP-3 revenue comes from transaction fees generated by each market, with 50% going to the deployer and 50% to the Assistance Fund, which uses the proceeds to buy back and burn hyperliquid:native. To encourage trading activity in HIP-3 markets, Hyperliquid has introduced Growth Mode, reducing transaction fees by 90%; deployers can choose whether to enable it, with few exceptions. Despite the fee reduction, 40 of Trade[XYZ]'s 87 launched markets have generated revenue exceeding 500 hyperliquid:native, meaning they have at least covered the initial ticker cost, accounting for 46% of all launched markets. This data only calculates ticker costs and does not include other operating expenses. As long as trading activity continues, each ticker will continue to generate revenue. Some tickers have generated millions of dollars in fees for Hyperliquid and Trade[XYZ] respectively. For example, GOLD has generated over $4.6 million in fees for each party. GBP is currently the ticker with the lowest profitability, generating $610 in revenue for Trade[XYZ] so far.

Hyperliquid’s pre-market valuation of CXMT reaches $540 billion, surpassing Tencent

According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.

Related news

Strategy's market cap surpasses Block, rising to 217th among U.S. publicly traded companies.

According to BitcoinTreasuries.NET, Bitcoin treasury company Strategy (MSTR) has surpassed the market capitalization of Jack Dorsey's Block Inc. (XYZ), currently ranking 217th among U.S. public companies.

trade.xyz launches Events feature, supporting cross-asset unified account trading

According to an official post from trade.xyz, trade.xyz has officially launched its Events feature, further advancing its vision of establishing Hyperliquid as a universal exchange. Users can execute a variety of operations through a single unified account, including depositing spot BTC, borrowing USDC, opening SpaceX pre-IPO perpetual contracts, hedging against SK Hynix earnings events, and predicting US Open outcomes. The Events market spans sports, politics, economic, and financial sectors. Initially rolling out Up/Down contracts for stocks, commodities, and pre-IPOs, pricing is settled based on the trade[XYZ] perpetual contract market price, rather than relying on external oracles.

Trader Loracle's short position of 27.75 million $PONS tokens has turned profitable after previously experiencing unrealized losses exceeding $11 million.

According to on-chain analyst Onchain Lens (@OnchainLens), the 27.75 million $PONS short position held by prominent on-chain trader Loracle, which previously reached an unrealized loss exceeding $11 million, has now successfully turned positive, with an unrealized profit of approximately $86,800. However, its XYZ series positions remain at a loss: • $SNDK: Unrealized loss of $4.28 million • $MU: Unrealized loss of $1.59 million • Total unrealized loss: Approximately $3.8 million

SHEIN's pre-IPO market volatility may intensify, with mark prices potentially hitting discovery bounds more frequently

trade.xyz posted on X platform, stating that market expectations in the pre-IPO market may shift. During this period, mark prices may more frequently touch the applicable discovery bounds, temporarily limiting their range of movement relative to the reference price. Market participants should familiarize themselves with the mechanics of XYZ discovery bounds and review SHEIN's current market configuration.

trade.xyz has converted Unitree to a standard XYZ perpetual contract, offering 10x leverage and 24/7 year-round trading

trade.xyz announced on the X platform that UNITREE has been converted to a standard XYZ perpetual contract, supporting 10x leverage and 24/7, 365-day trading.

Ark Invest Bought $1.3 Million in Block Stock and $184,600 in Securitize Stock Yesterday

Odaily News – Cathie Wood's Ark Invest purchased $1.3 million worth of Block Inc. stock and $184,600 worth of Securitize stock on Tuesday. XYZ fell 0.96% that day, while SECZ rose 9.28%.