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

CoinDesk1h agoUpdated 1h ago
Robot maker Unitree’s IPO surges 600%, outpacing crypto traders’ premarket bets
Smart Read

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.

Coins in this story

Discussion

Related stories

CoinTelegraph

BitBox patches ‘severe’ wallet flaws that could put funds at risk

BitBox recommended all users update to firmware version 9.26.5 and said it had received no reports of exploitation or fund losses.

CoinDesk

How a bug in Coldcard’s code went unnoticed for years, leading to $100 million in hacked funds

Crypto’s favorite maxim, “don’t trust, verify” wasn’t followed in the case of Coldcard’s code.

CoinDesk

The bitcoin futures market looks like a crowded club with a tiny exit – and it could cause pain

The market may be facing a dangerous liquidity mismatch as futures open interest outpaces trading volume by a significant margin.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.