1. What is Hyperlane?
Hyperlane, a revolutionary permissionless interoperability layer, is like a bridge that connects L1 blockchains, Rollups, and various application chains, making cross-chain operations instant and efficient. From EVM to Solana to Cosmos, Hyperlane is everywhere, bringing unprecedented connectivity to the blockchain world.

2. Why is it worth participating in the Hyperlane airdrop?
Strong financing background: The seed round raised $18.5M, led by VariantFund, with support from big-name institutions such as Circle and CoinFund.

Large user base: more than 500,000 users, processing 3 million transactions, demonstrating strong market recognition and activity.

Following the previous two articles, Powell delivered to the market as he wished. The market has already priced in a September rate cut, and Powell also confirmed this. Although the initial policy statement was a bit hawkish, Powell confirmed at the press conference after the meeting that a September rate cut is coming. So we saw a big rise in US stocks, but it is worth noting that the leading stocks were not interest rate sensitive small-cap stocks, which is not what we expected to see, but AI companies and technology stocks, which is a bit worrying. The reason why small-cap stocks performed generally is that investors who had rotated out of technology stocks before are now back again.

Compared to losing money, people in the cryptocurrency circle are more worried about two things: asset theft and withdrawals being frozen.
          
How to avoid asset theft? Two days ago, the article systematically talked about: Ledger theft, a thorough explanation of wallets!

Let’s talk about withdrawing funds safely today.
          
1. U-commerce is in chaos and withdrawals are cut
          
I have read countless tutorials on how to withdraw funds safely, but none of them got to the point. Most investors basically follow what the big guys say and do what they want, which leads to them being exploited by U-merchants. Some even charge a 20% service fee to prevent investors from being exploited due to information asymmetry.

Big market! US stocks fell sharply last night, and cryptocurrencies fell sharply this morning. Let's break down the whole story.

The trigger for the sell-off was some company earnings reports. First, Tesla was the easiest to understand. This company always talks a lot but doesn't do well, so it's not surprising that the earnings report was below expectations, and the stock price naturally fell sharply. But what really drove the sell-off was Google. Although Google's earnings report was okay, the problem was the old saying, "buy the rumor, sell the fact." Stocks like Google have been strong all year, and investors think this is a good opportunity, so why not take some profits? Last night, there was another thing that scared investors. Former Federal Reserve Governor Dudley and Goldman Sachs both said that interest rates needed to be cut in July, and the market was scared because of this. What happened? Is the economy so bad? Is it going to slow down faster? So they also took the opportunity to flee the stock market. Blackstone Group also had bad news. Its real estate investment trust cut its dividend, which made people feel that the economy was getting worse at an accelerated rate. Of course, there was also the closing of the yen carry trade we talked about yesterday. All of the above things add up to a sell-off across the board in the U.S. stock market. Technology giants have been hit hard, growth stocks have been hit hard, and small-cap stocks have also fallen. The VIX index has jumped to more than 18. I think there is still room for growth. 18 means that the implied volatility of the S&P 500 is only about 1% within a day. The Nasdaq may still have room for a correction in the next few months, so I will continue to pay attention.

You may not have noticed the yen event brewing, but it is important from many perspectives. The yen has been appreciating in recent days, while the USD/JPY has been falling. The Bank of Japan has intervened, but there is more to it than that. I will explain and give trading advice below.

The target for long yen within a week is 154, which now looks like it will be reached in a day or two, at which time the target will be reassessed. So what is happening now? Partly it is because of the Bank of Japan, which has been intervening and thus pushing up the yen, but this is more about the carry trade. I have said in previous articles that the yen carry trade is one of the largest trades in the world, and now this trade is a bit confused. Traders consider that the Bank of Japan may intervene, which is not only a possibility but a reality, and there is also the risk of the US election approaching, with Trump becoming the biggest favorite, and his policies are potentially bearish for US bonds. The carry trade refers to traders borrowing money in Japan at low interest rates and then investing in high-yield markets such as US bonds. Now it seems that Trump's coming to power in a few months may cause US bonds to fall sharply. Traders naturally want to close their positions, and many people are doing this trade. No one wants to be the last to close their positions, so it is easy to understand that some funds and institutions have already closed their positions. I expect this to continue, so the appreciation of the yen is not necessarily short-term, but may last longer. So we should be long yen, and I will reassess after reaching the target, and maybe hold the position for longer, but in any case this will evolve into a bigger event in the coming weeks and months.

This week is an important central bank week, and the market is already on high alert because the market has high expectations. If the results are not as expected, volatility will surge. The protagonists this week are the Federal Reserve and the Bank of Japan, which may be the two most important central banks in the world.

The market's current expectation for the Fed is not a rate cut. Only very few people expect a rate cut this time. The market hopes to hear from Powell that they will cut interest rates in September, because the September rate cut has been reflected in the price, and the market needs confirmation from Powell.
The market also expects the Bank of Japan to take action, which may be to adjust its bond-buying plan or to raise interest rates slightly. In any case, the market wants to see action, so the Bank of Japan cannot disappoint the market.