链上交易所，正在碾压 Coinbase。
通过 Artemis 数据，Hyperliquid 名义交易量已达 2.6 万亿美元，而 Coinbase 仅 1.4 万亿—— HL 交易量接近 Coinbase 的 2 倍。
残忍的是：今年以来， $HYPE 价格涨了 +31.7%， $COIN 股价跌了 -27%，。
从交易量排名看，Hyperliquid 已超越 Uniswap、Raydium 等一众老牌 DEX，仅次于 Robinhood。

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On-chain exchanges are crushing Coinbase.

According to Artemis data, Hyperliquid's nominal trading volume has reached $2.6 trillion, while Coinbase's is only $1.4 trillion—HL's trading volume is nearly twice that of Coinbase.

The harsh reality is: year-to-date, its price has risen by +31.7%, but its share price has fallen by -27%.

In terms of trading volume rankings, Hyperliquid has surpassed established DEXs like Uniswap and Raydium, second only to Robinhood.

Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The government has just issued Resolution No. 23/NQ-CP following the regular government meeting in January 2026, which emphasizes the requirement for proactive, flexible, and effective monetary policy management, with close coordination...

The Vietnamese government is pushing for the operation of a gold and cryptocurrency exchange by February 28, 2026.

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.