Gate News Report, March 10 — According to Gate Market Data, at the time of press, HYPE (Hyperliquid) is trading at $34.33, up 12.38% in the past 24 hours. The highest price reached $35.33, while the lowest dipped to $29.53. The 24-hour trading volume is $509 million. The current market capitalization is approximately $8.842 billion, an increase of $974 million from yesterday. Recent important news about HYPE: 1️⃣ **Ongoing Inflation Management Mechanism Supports** The Hyper Foundation proposed removing 1 billion HYPE tokens from circulating supply, specifically by zeroing out the Hyperliquid aid fund. This reduction in circulating supply aims to improve token economics, alleviate long-term inflation pressure, and provide

Magic Eden CEO and Co-Founder Jack Lu recently stated on the X platform that as prediction markets, sports betting, and online entertainment rapidly expand, a "super cycle of deep integration of finance and entertainment for speculation" is forming. Magic Eden has already completed its strategic layout in advance to prepare for this structural opportunity. Jack Lu pointed out that speculative behavior is becoming mainstream. Prediction markets frequently appear on mainstream media outlets, and gambling has become the second fastest-growing industry in the United States, second only to artificial intelligence. Sports betting sponsorships are deeply integrated into major event broadcasts, and the boundaries between hyper-casual games and real-money betting are gradually disappearing.

Gate News Bot Message, December 29th, according to CoinMarketCap data, as of press time, ZEC (Zcash) is trading at $535.29, up 3.95% in the past 24 hours, with a high of $546.61 and a low of $405.01. The 24-hour trading volume reached $703 million. The current market capitalization is approximately $8.811 billion, an increase of $335 million from yesterday. ## Important recent news about ZEC: 1️⃣ **On-chain whale continues to accumulate, boosting price expectations** Since December 27th, ZEC has increased by approximately 22%, with on-chain long and short forces intensifying. The largest long whale (0x6b2) recently added a large position with 3x leverage at an average price of $520, with the current long position reaching $32.2 million, with an unrealized profit of about $6.53 million. Meanwhile, Hyper

Odaily News Hyper Foundation announced on the X platform that the HYPE in the assistance fund system address (0xfefefefefefefefefefefefefefefefefefefefe) has been officially confirmed as destroyed. This governance vote was based on a stake-weighted consensus, with 85% of the stakes voting in favor of the destruction, 7% opposing, and 8% abstaining.

Odaily Planet Daily News: Hyper Foundation proposes a validator vote to officially confirm that the HYPE tokens held by the Assistance Fund have been burned, thereby permanently removing them from the circulating supply and total supply. The Assistance Fund, as part of L1 execution, automatically converts transaction fees into HYPE tokens. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key controlling its funds. Without a hard fork, these funds are mathematically unrecoverable. Vote “Yes”

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday. Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts modular,