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Robot maker Unitree’s IPO surges 600%, outpacing crypto traders’ premarket bets

A Hyperliquid perp priced Unitree far above its IPO valuation before Shanghai trading began, but the robot maker’s first public trade still opened roughly 75% above crypto traders’ implied price.

Robot maker Unitree’s IPO surges 600%, outpacing crypto traders’ premarket bets

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Upbit, Bithumb Post Revenue Halves

The industry slump is prolonging as Upbit and Bithumb, the first and second largest virtual asset exchanges in South Korea, saw their revenues for the first half of this year cut in half side by side.

  • Upbit and Bithumb report 50% revenue drop in first half of year
  • Bitcoin price plummets below $60,000 during period
  • Analysts predict rebound depends on trading volume and institutional conditions

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