Crypto's PMF is clear with $CXMT perp listing:

Very few can participate in the biggest China IPO since 2010 on Monday (DRAM maker company)

- If you're not Chinese: you basically can't buy. Only via a special HK channel with quotas, or an institutional license

- If you're Chinese retail: you need at least $74k account and 2 years of trading history

Or you can just bet on HL with USDC :)

Crypto's vision of democratizing finance is still alive.

Hyperliquid

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