Hyperliquid hits $40 amidst SEC supporting DeFi

"The Modern Market" podcast features a panel discussion on the crypto, NFT, and Hyperliquid markets. The hosts—including Legendary, Rahim, and Stats—cover Bitcoin's price movements, the SEC chair's stance on self-custody, and Hyperliquid's performance. They delve into the rapid filling of Plasma's deposit cap, touching on the FOMO and the involvement of notable backers. The conversation extends to general market price action, NFT trends, and news, including MicroStrategy's Bitcoin acquisition and DeFi.app's investor term changes. They also explore yield farming opportunities on Polkadot with insights from Funky. The panel analyzes the potential impact of US-China trade negotiations and regulatory clarity on DeFi, debating the significance of recent SEC comments and the influence of centralized exchanges. Finally, they discuss Hyperliquid's ecosystem, highlighting its recent price surge, revenue-sharing model, and upcoming features like permissionless market creation.