Pretty insane to see the sheer amount of volume and open interest on equities & metals onchain, 24/7 with no KYC & no barrier to entry to any investor globally with a WiFi connection.
This is a story that legacy finance analysts will understand, then they'll see the cash-flows.

99.99% of VCs trying to fund Hyperliquid competitors would be better off just buying HYPE.
You're misunderstanding what the Hyperliquid MOAT is, it's inherently unreplaceable with VC involvement.

Flood

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Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

Bitcoin's fundamentals have never changed; what has changed is its price in a continuously depreciating fiat currency system.

The real risk of Bitcoin is never price pullbacks.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
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A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...