TranseXYZ is valuing $200 million for $1.5 billion

According to news from 3 August, recent market rumours that TradeXYZ was working on equity financing, with a proposed $1.5 billion valuation to finance $200 million. But there are a number of negative views in the community, such as that of Cobie, that there is a zero probability that TradeXYZ will finance; and that if TradeXYZ needs financing, why not integrate from the Hyperliquid team led by Jeff