BlockBeats News, May 31st - On today's HYPE breakthrough to $68.5, a new all-time high, the bullish sentiment was strong with various parties expressing optimistic views. At the same time, market predictions indicate that the likelihood of HYPE surpassing $100 this year has risen to 36%. The most influential bullish view is undoubtedly from Grayscale, which highly praises Hyperliquid in its latest research report, calling it the future financial giant and the blueprint for a global on-chain 24/7 financial market, challenging the constraints of traditional Wall Street trading hours.

BitMEX co-founder Arthur Hayes stated his optimism for the Hyperliquid ecosystem's token, HYPE, to rise to $150. Hayes wrote in a post, "HYPE to $150, against Traditional Finance (TradFi), against the 'Clarity Act,' long live Caesar."

At the Bernstein Conference, Intercontinental Exchange CEO Jeffrey Sprecher referred to Hyperliquid as a "bigger opportunity than NASDAQ," further boosting market sentiment.

Renowned researcher DeFi Monk is also very bullish on Hyperliquid's future, believing that despite regulatory uncertainty and competitive risks, the long-term potential is enormous: Hyperliquid is disrupting the global derivatives trading market, which has a daily notional trading volume of around $1 trillion. Even in its current constrained state, it remains a very robust and attractive business. If regulatory issues are resolved, the growth potential is nearly unlimited, possibly transforming into a super corporation overnight. Monk believes the worst-case scenario is maintaining the status quo with steady growth, while the best-case scenario is explosive growth.

In addition, the a16z-affiliated whale address has once again purchased 226,121 HYPE tokens today, worth approximately $14.5 million. Since April 14th, this whale has accumulated 3.9 million HYPE tokens, with a total value of around $192.6 million and an average purchase price of about $49.4.

Furthermore, according to PolyBeats monitoring, on the prediction market Polymarket, the probability of HYPE breaking $70 this year is 91%, breaking $80 is 65%, and surpassing $100 has risen to 36%.

BlockBeats News, May 30th, CZ referenced the "Binance Announcement of New Product on June 1" tweet and joked: Here comes another announcement... hopefully something worth the wait.

Currently, the crypto community speculates that it may be related to a stock investment channel, but the official response is pending.

According to HTX market data, BNB briefly surged above $688, currently trading at $686, with a 24-hour gain of 8.2%.

BlockBeats News, May 30th - Today, well-known investor Neil Shen expressed optimism about Pop Mart's future expansion in the overseas market during an interaction with investors, stating that "Pop Mart has very high requirements for the location of its stores, and prime locations are often in high demand. Store layout takes a long time, and in the next 5-10 years, there will be many more overseas stores."

"The news of the recent increase in Pop Mart's holdings by well-known investor Neil Shen through his H&H International Investment continues to ferment. On May 25th, Neil Shen bought 9.8232 million shares at an average price of approximately HK$150 per share, increasing his stake to 5.69% and becoming the company's second-largest shareholder, with a holding market value exceeding HK$11.7 billion. According to Bitget market data, Pop Mart saw a strong surge yesterday, with a closing increase of 8.98%. Neil Shen's single-day paper profit was close to HK$1 billion.

BlockBeats News, May 30th - Swedish Economic Crime Authority prosecutor Jonas Myrdal believes that a certain anonymous X platform account (with 200,000 followers) prematurely leaked news about Sivers Semiconductors (SIVE) considering a dual listing in the United States was not a coincidence. The post was made about 48 hours before SIVE officially released a press statement confirming the news. The prosecutor clearly stated that the information must have been leaked and pointed out that the account had been promoting the company earlier, causing the stock price to skyrocket by several hundred percentage points in a short period. The prosecutor also recommended that Nasdaq investigate the incident and report any suspected market abuse violations.

Recently, the "Stock Oracle" Serenity has repeatedly recommended SIVE and reiterated a strong bullish view on SIVE, calling it the "most attractive CPO/Photonics investment target" and explicitly stating that they have "not sold a single share and do not intend to sell." Serenity predicts that this company, currently valued at around $2.1 billion, is poised to become the next LITE with a market cap exceeding $80 billion in the future.

BlockBeats News, May 30: Dan Loeb, founder of Third Point and manager of a $24 billion hedge fund, expressed strong optimism about AI, stating that the current AI boom is fundamentally different from the Internet bubble era. Loeb pointed out that large tech companies have announced a total investment of over $700 billion this year and over $1 trillion next year in AI infrastructure. These companies have very strong profits, are generating huge cash flows, and most of the spending can be supported by their own funds. "If you don't believe that this capital expenditure will bring returns, it's like thinking they are flushing money down the toilet, which is very different from the Internet bubble era—we shorted the bubble back then and made decent profits in those years." Loeb emphasized that he currently does not see a valuation bubble.

Loeb used Anthropic as an example to support his optimistic view: its latest financing round valued the company at $965 billion, up from $380 billion in February, with annualized revenue soaring from $14 billion to $47 billion during the same period. The adoption rate and practicality of the product are rapidly increasing, and the upcoming new models are highly anticipated. "You can persuasively argue that we have just scratched the surface of the AI boom, and the enterprise application side has just begun, so I am in the camp of optimists." In Third Point's latest holdings as of the end of March, Amazon, Alphabet, Meta, and Nvidia are all on its top holdings list.

BlockBeats News, May 30th - In its latest report, Grayscale expressed strong optimism for Hyperliquid, believing that it is transitioning from a cryptocurrency perpetual trading platform to a broader blockchain financial infrastructure, with the potential to become a "financial services giant." By 2025, Hyperliquid is projected to achieve approximately $800 million in revenue, process a $29 trillion perpetual futures trading volume, currently holding an open interest of around $7 billion, and rapidly gaining market share in decentralized platforms. Hyperliquid not only competes with centralized exchanges like Binance in the cryptocurrency perpetual futures field but also expands through the HIP-3 and HIP-4 systems to tokenized stocks, commodities, and prediction markets, offering 24/7 continuous trading, challenging the constraints of traditional Wall Street trading hours.

In the report, Grayscale emphasized that Hyperliquid's open architecture allows developers to directly launch new markets, demonstrating strong network effects and innovative potential, surpassing its positioning as a mere cryptocurrency trading platform. Regulation is cited as a key risk and catalyst for Hyperliquid's future growth, with the platform currently shielding U.S. users due to regulatory gray areas. However, with increasing institutional interest from platforms like Coinbase and Robinhood and the evolution of regulatory guidance, perpetual products may enter the U.S. market. Hyperliquid is seen as an early blueprint for building a global 24/7 financial market on-chain.

BlockBeats News, May 30th, according to Hyperinsight monitoring, the HYPE's largest short seller "Trader Loracle" has unstaked 893,000 HYPE tokens today. These tokens were further transferred to their HyperEVM address, with a value of approximately $59 million. Currently, there has been no further action in the spot position. It is worth noting that Loracle's short position has been reducing for the past 5 hours, with individual reductions ranging from $400,000 to $1.4 million. Their current short positions are as follows:

The value of the HYPE short position remains as high as $1.138 billion, with an unrealized loss of $36.6 million. Out of their $27 million collateral, around $23 million is being used to maintain this position;

The BTC short position is $23.8 million, opened at a price of $75,280.1, with an unrealized profit of approximately $600,000.

Previously, this whale had unlocked a total of 1.115 million HYPE tokens twice in the past month, worth around $63.51 million. In a transparent on-chain record, they sold 557,000 HYPE tokens on May 21st, worth approximately $33.35 million. The market currently generally expects Loracle to sell the newly unstaked 893,000 spot tokens. Furthermore, this sell-off may be accompanied by a short position reduction. If the spot tokens are sold but the short position does not synchronize its stop-loss, their $104 million HYPE short exposure will turn into a unilateral naked short exposure. If forced liquidation occurs, the potential loss could exceed $100 million, enough to wipe out all of their spot gains.

BlockBeats News, May 30th—In its latest report, Bank of America Securities pointed out that the rare deviation between corporate earnings expectations driving global stock market to new highs and traditional macro fundamentals has emerged. The MSCI Global Index's 12-month forward EPS has increased by 9% in the past three months, translating to an annualized growth rate of nearly 40%. The S&P 500's three-month EPS momentum has surged to 12%, reaching a 40-year high. However, the global PMI has continued to decline to a two-year low of around 50.5. More importantly, around two-thirds of this round of earnings upgrades are from profit margin expansion expectations, with Europe and the global 12-month forward consensus profit margins reaching historical peaks of 13.9% and 11.4%, respectively.

Bank of America has likened this anomaly to China's accession to the WTO in 2001—when over 1 billion labor forces integrated into the global economy, weakening the bargaining power of workers in developed countries, driving the after-tax profit share of GDP from 5%-8% to 10%-12%. Now, the market is betting that the large-scale deployment of AI tools will similarly impact white-collar bargaining power, leading to a structural surge in corporate profit margins, even in the current context of macro stagnation.

Bank of America listed five major risks that are underestimated by the market in the report: macro downturn, internal demand contraction triggered by AI substitution, the cost of using large model tokens has doubled since the beginning of the year, productivity gains may take a decade to materialize rather than immediate realization, and mass white-collar unemployment could lead to political backlash and windfall tax pressure. The market is currently pricing in this almost ideal scenario of "unquestionable demand, record profit margins," too high. If the macro downturn and risk premium widening come true, the current profit-driven logic will face a double test of profit margin expectation downward revision and valuation compression.

BlockBeats News, May 30th. According to Iranian media, Salimi, a member of the Iranian Parliament's presiding board, stated that Iran's plan to "exercise sovereignty" over the Strait of Hormuz is set to be approved by the parliament and is expected to be enacted as a permanent law. Only Iran and Oman have the authority to decide on the management of the Strait of Hormuz. Iran has engaged in communication with Oman, and Oman has expressed preliminary consent. The relevant plan is expected to be finalized in the near future.

On the 28th, Trump expressed his views on Iran and Oman jointly controlling the Strait of Hormuz. He stated that Oman "will behave well" and rejected any such mechanism. "Otherwise, we will have to bomb them. No one can control the strait. The strait will be open to everyone." The United States will "closely monitor this matter," Trump added. "Oman will act like other countries; otherwise, we will have to bomb them. They understand this, so there will be no issue."

BlockBeats News, May 30th – BCA Research's Chief Global Strategist, Peter Berezin, analyzed that the current AI bubble is primarily a profit bubble rather than a traditional valuation bubble. Unlike many past stock market bubbles characterized by a rapid increase in price-to-earnings (PE) ratios, the current AI-related sectors, especially the semiconductor sector, have relatively reasonable valuations. However, profit expectations are overly optimistic and unsustainable. Similar situations have occurred in history with real estate and banking sectors before the 2008 financial crisis: they had seemingly low PEs but relied on unsustainable profit surges. Once profits cannot be realized, the bubble bursts. Peter pointed out that semiconductor sales have been growing parabolically, and currently, AI demand indicators do not yet show an imminent bubble burst, but all bubbles eventually come to an end.

Peter emphasized that investors should not overly rely on Wall Street analysts' profit forecasts because stock prices often plummet significantly before profit expectations begin to decline. In past cycles, stock prices often peaked months before the forward EPS started to decline. If one waits until EPS declines to sell, they will suffer severe losses. The key to current investment is to proactively monitor changes in AI demand indicators.