boom

According to The Block, the permissionless perpetual contract market HIP-3 of the decentralized derivatives protocol Hyperliquid has set a record of $5.2 billion in daily trading volume, the highest level since its launch in October 2025.This trading volume is primarily contributed by the mainstream market provider TradeXYZ deployed on HIP-3, which accounts for nearly 90% of the trading share through precious metals, stock indices, and individual stock perpetual contracts. TradeXYZ's silver contracts reached a daily trading volume of $40.9 billion, accounting for about 68% of the total trading volume on HIP-3 that day, indicating that the price fluctuations of precious metals are attracting traders to seek alternative assets outside of cryptocurrencies. The surge in HIP-3 trading volume began in the last week of January when gold first broke the $5,000 per ounce mark and silver surpassed $100. However, both metals subsequently experienced historic pullbacks of about 20% and 30% in a single day. Before the price pullback, HIP-3's open interest also set a record of $1.06 billion, with 87% coming from TradeXYZ; the current open interest is approximately $665 million, reflecting an 88% month-over-month increase.

According to Jinshi News, Rushabh Amin, portfolio manager of Allspring's Global Investment Multi-Asset Solutions team, pointed out in a research report that the current target range of 3.5% - 3.75% for the federal funds rate set by the Federal Reserve is very close to neutral levels and will not further exacerbate inflationary pressures.He expects that the market's focus will gradually shift to the appointment of the next Federal Reserve chair, with investors generally anticipating that the new chair may be more inclined to cut interest rates. The current market widely expects that the Federal Reserve will maintain interest rates at this week's monetary policy meeting.

Morgan Stanley strategists point out that the U.S. economy may experience a "jobless productivity boom," which will suppress inflation and open the door for more rate cuts by the Federal Reserve.Data from the U.S. Department of Labor shows that hourly output for all non-farm workers increased by 3.3% year-on-year in the second quarter, a significant improvement from the 1.8% year-on-year decline in the previous quarter. Investors' expectations for the pace of rate cuts by the Federal Reserve next year are more aggressive than the official forecasts. According to the CME FedWatch tool, Federal Reserve officials expect only one rate cut in 2026, but investors believe there is a 72% chance of a rate decrease by the end of the year.

According to growthepie data, the Ethereum ecosystem network has set a historical high for daily TPS (transactions per second), with a 7-day average daily TPS of 364.52 and a peak TPS of 24,192. Notably, the L2 market share reached 95.35%. It is worth mentioning that the Perp DEX Lighter has made a significant contribution to this.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Waller stated that the Federal Reserve's Beige Book does not indicate that the economic situation is all good.

ChainCatcher news, according to CoinDesk, BitMEX CEO Stephan Lutz stated in an interview that the current boom of perpetual DEXs (PerpDEX) led by platforms like Aster and Hyperliquid may not last until next year. He believes that these platforms' business models, driven by high incentives, are too fragile to endure.Lutz compared the current DEX incentive model to an "inherent pump-and-dump scheme," where platforms attract users through token rewards and fee rebates, but this model struggles to retain liquidity in the long term and poses significant risks to retail traders chasing high returns. He believes that, in contrast, large centralized exchanges (CEX) like Coinbase are better positioned to weather market cycles and maintain dominance, while BitMEX aims to "bridge the worlds of centralized and decentralized."Recently, the competition in the perpetual DEX space has intensified, with emerging platforms like Aster surpassing the former leader Hyperliquid in 24-hour trading volume.

ChainCatcher news, according to Jinshi citing data from Birinyi Associates, as of August 20, American companies are planning to repurchase stocks at a record pace, with announced stock buybacks exceeding $1 trillion, achieving this scale in the shortest time in history.Large companies have approved massive buyback plans in recent months, with Apple announcing a $100 billion stock buyback after releasing quarterly results in May, and Alphabet, JPMorgan, Goldman Sachs, and others also announcing buybacks of at least $40 billion each. Last month, the total amount of buybacks announced by U.S. companies reached $166 billion, setting a record for July.Rubin, president of Birinyi Associates, expects the total amount of buybacks announced by the end of the year to reach $1.3 trillion. However, buybacks have also drawn criticism from some members of the Trump administration, with Treasury Secretary Mnuchin specifically criticizing Boeing for conducting "massive" buybacks instead of investing in research and development.

ChainCatcher news, according to independent analyst Markus Thielen's latest report, as multiple crypto companies prepare for IPOs, Wall Street investment banks intend to support Bitcoin in maintaining high levels, creating a favorable market environment for the upcoming IPOs.Currently, several companies, including Circle, have submitted prospectuses, and nearly every week new projects are lining up for listing. At the same time, the stock prices of crypto-related public companies have surged significantly, with MicroStrategy up 47%, Coinbase up 67%, Robinhood up 180%, and Circle soaring by as much as 597%. This frenzy has not only boosted market sentiment, with investors continually profiting, but has also rapidly increased interest and participation in crypto company IPOs, which is expected to prolong the current bull market cycle for Bitcoin.

ChainCatcher news, Bitget Onchain trading has launched the MEME tokens GOB, BOOM, TSLAx, SPYx, OIK, CRCLx, NVDAx, MSTRx, AAPLx, HAIR in the Solana and BNB Smart Chain ecosystems. Users can start trading in the on-chain trading section.Bitget Onchain trading aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly trade popular on-chain assets using their Bitget spot account (USDT/USDC). Currently, it supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.

ChainCatcher message, the 18th on-chain trading competition of Bitget is about to start. During the event, users trading BOOM tokens, the top 200 new users and the top 400 old users by cumulative on-chain trading volume will receive an airdrop reward of 10 or 20 BGB, with a total prize pool of 10,000 BGB.The event will take place from July 8, 19:00:00 to July 10, 19:00:00 (UTC+8).