TradeXYZ is rumored to be raising US$200 million at a US$1.5 billion valuation

On August 3, it was recently rumored that TradeXYZ is conducting equity financing and plans to raise US$200 million at a valuation of US$1.5 billion. However, many people in the community hold negative opinions. For example, Cobie said that the probability of TradeXYZ financing is zero; others said that if TradeXYZ needed financing, why didn't it recruit from the Hyperliquid team led by Jeff?