According to Onchain Lens monitoring, as the market continues to decline, Brother Machi has closed most of his 25x leveraged ETH and 40x leveraged BTC long positions. Both positions were liquidated during this period, and the losses have risen to nearly $32 million. Brother Machi still holds some positions, with a total value of about $10 million.

Odaily Planet Daily reports that Euler Finance has announced it will take over the maintenance and operation of the Euler contract stack, known as Mewler, under HypurrFi on the Hyperliquid EVM. The infrastructure transition is proceeding smoothly, and Clearstar Labs will continue to manage the risks for Prime, Yield, and Earn vaults. The HypurrFi Scale and Pooled Markets will be phased out and liquidated as planned over the next few weeks, but all existing markets remain solvency and operational, with no security vulnerabilities or urgent parameter adjustments. During the migration, new lending functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 can continue to be used for liquidity provision to facilitate borrowers' gradual liquidation. Euler emphasizes that its segregated lending architecture on the HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs. The HypurrFi team stated that user deposits, positions, and collateral assets remain intact and secure. This adjustment is a proactive strategic migration, not a security incident or protocol malfunction. According to the plan, Euler Prime and the Yield marketplace will become the primary lending and yield marketplace entry points on HyperEVM in the future; the HypurrFi brand will be gradually phased out, and related support services will be shut down after May 28th. Complete market liquidation is expected to be completed by July 15th, 2026. HypurrFi also reminds users to be aware of risks and fraudulent links during the migration process, to only operate through official channels, and to use the built-in migration tool to migrate pooled positions to the Euler Prime or Yield marketplace.

Odaily Planet Daily reports that Hyperliquid Policy Center published an article on the X platform stating that Bloomberg's report regarding concerns raised by some traditional exchanges about the integrity and influence of Hyperliquid's perpetual contracts market is "unfounded." Hyperliquid achieves market transparency through fully on-chain records, with every transaction publicly available in real time, traceable, and tamper-proof. This mechanism significantly reduces the space for insider trading and price manipulation, and helps regulatory and law enforcement agencies monitor, identify, and investigate. Hyperliquid also emphasizes that its 24/7 trading mechanism significantly improves market efficiency, allowing prices to continuously reflect information changes during traditional exchange closures, reducing price gaps and liquidity disruptions caused by fragmented trading hours, thereby optimizing the overall price discovery function. Regarding regulatory issues, Hyperliquid points out that the current US legal system is not yet fully adapted to the structure of a public blockchain-based derivatives market, but it welcomes and looks forward to cooperating with Washington policymakers to gradually bring on-chain markets into the regulatory framework.

Odaily Planet Daily reports that Anthropic is seeking to raise another $30 billion, with its artificial intelligence lab attracting the majority of venture capital funding. (Jinshi)

Odaily Planet Daily reports that the escalating situation in Iran is becoming a real-world stress test of the financial markets' ability to operate "24/7." Market analyst Huang points out that against the backdrop of the latest geopolitical conflict, traders are not waiting for traditional financial markets to open, but instead trading directly through blockchain infrastructure. On-chain platforms like Hyperliquid are enabling 24/7 price discovery and risk hedging for assets such as crude oil and gold. Analysts believe that the current speed of information dissemination far exceeds the response mechanisms of traditional markets. News spreads instantly across time zones, but traditional trading systems are still constrained by opening hours and weekend closures, causing prices to fail to reflect the latest information in real time. This often results in a concentrated release of volatility and liquidity shocks when markets reopen. In contrast, blockchain networks offer 24/7 operation and real-time settlement capabilities, allowing traders to continuously adjust their positions outside of trading hours. This is seen as a supplement to or even a replacement for traditional market structures. During the current conflict in Iran, this "non-stop market" model has further highlighted its value. Analysts point out that the core contradiction lies in the structural mismatch between market infrastructure and the information environment. While the traditional financial system still holds advantages in liquidity and scale, time constraints are becoming a source of efficiency losses, especially in a volatile macroeconomic environment with frequent unforeseen events. Meanwhile, on-chain derivatives platforms, such as Hyperliquid, are validating the feasibility of 24/7 markets and gradually taking on some risk pricing functions during weekends and non-trading hours. However, the industry generally believes that current on-chain systems still face constraints in terms of liquidity depth, performance, and institutional-level risk control, making it difficult to completely replace traditional exchanges in the short term. Overall, the market is gradually shifting from "trading session-driven" to "information-driven perpetual trading," and competition at the infrastructure level is accelerating. (CoinDesk)