Odaily Planet Daily reports that Hyperliquid issued a statement on the X platform, responding to several allegations in recent articles, stating that it builds upon on-chain transparency. Regarding solvency, Hyperliquid states that the blockchain state is complete and verifiable, and the author omitted HyperEVM USDC. Currently, there are a total of 4.351 billion USDC on HyperCore, and the system's solvency can be verified against user balances. Regarding transaction volume manipulation, Hyperliquid clarifies that such functionality is only available on the testnet for edge case testing and cannot be executed on the mainnet. Furthermore, the genesis distribution of HYPE tokens and the historical behavior of each address are verifiable on-chain, and there is no mechanism for manipulating airdrops. Regarding permissions and security, Hyperliquid states that the CoreWriter specification is fully public and does not support token minting or unsigned movement of user funds. Regarding oracle prices, Hyperliquid explains that it uses a weighted median of prices submitted by multiple validators to ensure solvency during periods of high volatility. Currently, Hyperliquid consists of 24 validators executing the same state machine under the BFT consensus rules, and it will be fully open source in the future.

Odaily Planet Daily reports that Andrei Grachev, co-founder of DWF Labs, announced on the X platform that DWF Labs has just completed its first physical gold trade settlement. This transaction was a test transaction of 25 kilograms of gold bars, and the process is currently running smoothly. DWF Labs plans to expand its business to include physical silver, platinum, and cotton in its trading offerings, fulfilling its vision of playing a significant role in the RWA market.

According to an analysis by CryptoQuant, as reported by Odaily Planet Daily, the Bitcoin market remains in a bear market, with multiple network indicators showing a significant cooling in activity. Data shows that Bitcoin's 30-day moving average is below its 365-day moving average (-0.52%), confirming the current bear market pattern. Network transaction volume has decreased from approximately 460,000 to approximately 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have decreased from 43.3K to 41.5K, all indicating reduced speculative activity and a defensive market phase. Analysts point out that the current situation is similar to the 2018 bear market, but today's user base is larger (approximately 800,000 vs. 600,000 in 2018), demonstrating stronger structural resilience. Historical experience suggests that such periods of low activity often precede higher volatility, and investors should closely monitor subsequent market developments.

According to CoinShares' latest weekly report, digital asset investment products saw their first outflow in four weeks last week, totaling $952 million. This reflects the market's negative reaction to the delayed passage of the US Clarity Act, which has exacerbated regulatory uncertainty surrounding such assets, while also raising concerns about continued selling by whale investors. Therefore, it appears unlikely that exchange-traded products (ETPs) will see inflows exceeding last year's levels, with total assets under management at $46.7 billion, compared to a projected $48.7 billion in 2024.

According to Odaily Planet Daily, Russian Central Bank Governor Elvira Nabiullina recently stated that cryptocurrency mining may be an additional factor supporting the ruble's exchange rate, but its specific impact is difficult to quantify because most of the industry remains in a gray area. Vice Presidential official Maxim Oreshkin previously pointed out that insufficient estimation of financial liquidity related to cryptocurrency mining could lead to inaccurate predictions of the ruble's exchange rate. Industry associations estimate that Russia is currently the world's second-largest cryptocurrency miner, accounting for over 16% of global computing power. Since November 1, 2024, Russia has implemented new regulations allowing legal entities and sole proprietorships registered in a special register to legally mine cryptocurrencies, while setting clear restrictions on energy consumption and income reporting.