Key Market Information Discrepancy on December 18th - A Must-See! | Alpha Morning Report
Top News
2.Bank of Japan Expected to Raise Interest Rates to the Highest Level in Thirty Years
3.BNB Surges Above $870, SOL Surges Above $130
5.US Stock Market Opens with Cryptocurrency-related Stocks Showing a General Increase
Articles & Threads
1.《Hyperliquid's Major Move with "Portfolio Margin": How Much Liquidity Can It Bring?》
This is one of Hyperliquid's most significant upgrades to date. Various DeFi protocols and Perp DEX upgrades in the past in the crypto market have been, in fact, addressing the same issue: how to maximize liquidity with limited funds. The traditional financial derivative markets have had an extremely effective solution: Portfolio Margin. This mechanism has brought over $70 trillion in incremental scale to the traditional derivative market, fundamentally changing the game rules for institutional trading. Now, Hyperliquid has brought it to the chain. In a day of liquidity crunch, this may be a turning point for a new prosperity in the on-chain derivatives market
2.《Selling Assets While Rushing for a Banking License: What Is PayPal Really Up To?》
PayPal is getting into banking. On December 15, the global payment giant with 430 million active users officially submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions to establish an industrial bank (ILC) named "PayPal Bank." However, just three months ago on September 24, PayPal announced a significant deal, selling its up to $7 billion in buy now, pay later loan assets to the asset management firm Blue Owl.
Market Data
Daily Marketwide Funding Heatmap (as reflected by Funding Rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate

Token Unlocks
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