Something fascinating: foreigners couldn’t buy A-shares before, but now DeFi channels in the crypto space are making it possible—times have changed, so let foreigners enjoy this privilege too 😂 ChangXin Technology was trading at $7.2 on Hyperliquid pre-IPO (IPO price: RMB 8.66), implying a market cap of RMB 3.5 trillion. If the on-chain trading price on HYPE accurately reflects the stock’s value once it officially opens, this would prove that HYPE has real potential in price discovery. In the future, it could attract even more foreign capital. Think about it: crypto markets operate 24/7, and many investors face restrictions on traditional markets but still need to lock in value for hedging purposes—the benefits are immense. Of course, the most critical factor is accurate price discovery (this is the fundamental prerequisite). Actually, back in May, Hyperliquid ran a pre-IPO session for the AI chip company Cerebras, with a price just 1.3% off from Nasdaq’s opening price. In June, it did the same for SpaceX’s IPO, and on-chain trading volume reached an impressive $1.38 billion. There’s real potential here to disrupt traditional finance—and that potential is significant. That’s why I’m closely following this space. In the long term, this will benefit HYPE and likely reflect positively on its token price as well. Another noteworthy development: Recently, Hyperliquid met with the SEC’s Crypto Task Force to discuss cryptocurrency regulation. This signals growing attention toward Hyperliquid. Previously, there were concerns about its regulatory compliance; proactively addressing these issues now could make it incredibly powerful in the future. This content is written based on personal interest and is not promotional or a recommendation. Always be mindful of the risks involved.