📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Nasdaq's $888 million merger will rename and launch the HYPE fund strategy.
On July 14, according to reports, Nasdaq-listed company Sonnet BioTherapeutics agreed to an $888 million merger deal, will be renamed Hyperliquid Strategies, and will launch the HYPE fund strategy.
Nasdaq-listed Sonnet BioTherapeutics has agreed to merge with Rorschach I LLC to form Hyperliquid Strategies and initiate a capital strategy. According to a press release issued on Monday, Rorschach I LLC is a newly formed company by affiliates of Atlas Merchant Capital LLC, Paradigm Operations LP, and other sponsors.
After the transaction is completed, the new entity will be renamed Hyperliquid Strategies Inc., which is expected to hold 12.6 million HYPE tokens and $305 million in cash, with a total valuation of approximately $888 million. The transaction has strategic investors such as Paradigm, a certain trading platform, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital participating. After the merger is completed, Hyperliquid Strategies will continue to trade on NASDAQ, with a change in stock code, becoming a publicly listed cryptocurrency fund company.
The trading party stated that the cash proceeds will enable Hyperliquid Strategies to increase its holdings of HYPE tokens and create a top-tier HYPE strategic reserve. After the transaction is completed, Bob Diamond, co-founder and CEO of Atlas, will serve as chairman of Hyperliquid Strategies, while another co-founder and CIO of Atlas, David Schamis, will take on the role of CEO.