Nifty futures moved to Singapore in 2000. It took us 23 years to build GIFT Nifty and bring that activity back. Wrote up why I think India should regulate perps instead of leaving them in a grey area. gBharatLiquid

Policy controlled wallets are the way to make decentralised softwares available for users compliantly. @BL_labs_xyz

Give Indians better assets to invest in and watch this trend change. Although he has a fair point, and there is something to be said about the cultural impact of Desi boomers' being cautious and propagating a saving vs investing ideology that I think contributes to things like this. India's love affair with gold goes back centuries. On the other hand, we've walled off most productive assets (AI + frontier tech) from ever being accessible to the average Indian or we drown them in unnecessary paperwork and force them to use middle men and intermediaries (have you ever tried buying a foreign asset through your AD Bank? its tedious af) when really, its another tactic used to enforce capital controls and prevent capital flight with the INR struggling to hold value globally. I don't think we're ready to have that conversation yet. On the flipside, the recent $10Bn initiative to support the local semi-conductor industry is more of what the nation and economy needs.

Thank you @_enjay420 for introducing me to Hyperliquid in 2023. Hyperliquid.

While the rest of the world’s been in a raging bull market and inflation continues to go up, domestic markets and FDI took a massive hit in India thanks to excessive taxation and capital controls. Wonder if someone’s building a path for Indians to to get access to global markets instead of being sidelined from the greatest bull market in the history of humanity 🧐

Hyperliquid India spelled backwards is BharatLiquid

we're building the future of Indian finance @BL_labs_xyz its that simple.

Every rupee that reaches crypto in India walks through one of two doors. The grey route: USDT at 8-10% premium through peer-to-peer transactions. Zero recourse if something goes wrong. The custody route: INR into a registered exchange. Pooled wallets. Stacked fees. Thin books. While the deepest markets in crypto run sub-two-basis-point spreads and $9 billion days on-chain. Door three is the empty quadrant. INR in / INR out. Transparent, secure and compliant, powered by Hyperliquid. That’s BharatLiquid.

India has 8.7m equity-derivatives traders. 97% of index-options turnover happens within a week of expiry. I think some of that short-horizon, leveraged behaviour will carry into global perpetual markets. The thesis behind BharatLiquid:

This is so Apple coded (mega bullish generally). Hear me out: It's been a feature I've wanted on the native HL UI for so long. Buncha mid tier exchanges (Android) and frontends probably shipped this feature months ago, HL comes in late pushes simple feature update and kills another small piece of "differentiation" other venues claimed. Hyperliquid.

Payward has filed to bring single-stock perpetual futures to US traders on Kraken. Ten US equities to start: $TSLA $SPCX $NVDA $AVGO $MU $AAPL $MSFT $AMZN $GOOGL $PLTR We're also working toward 24/5 trading - because stock markets close, and the events that move them don't. The goal is to give traders a way to respond when news breaks, not when the bell rings.

CFTC is not playing around. Wasting no time, yesterday they filed what appears to be a proposed rule for interagency review entitled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.” Things are going to move fast in DC. reginfo.gov/public/do/eoRevi…

Jeff we're going to make sure @BL_labs_xyz becomes the #1 bank in India.

so proud of my younger brother @_enjay420 and how far he’s come. he started his entrepreneurial journey straight out of high school at 17. at 18, he landed a job at a boutique real estate agency in Dubai and moved there on his own, all while continuing to build and trade in crypto. watching him go from those early days to becoming the brainchild behind @BL_labs_xyz has been one of the most fulfilling experiences as his older brother and the best is yet to come 😈 at 26 he already has nearly a decade of experience behind him while having seen the highest highs and the lowest lows, Tbh, everyone on the BharatLiquid team (@hanzo_0x @djangohl @web3cook) have been through their own version of a wild journey and we’re ready to be unleashed, fully unhinged and all.

😈😈😈😈

Ah okay not as exciting as initially thought, basically doesn’t apply to 95% of what people are trading today lol

If you don’t understand what this means: @Payward is @krakenfx’s parent company. It has announced plans to offer KYC'd USA clients perps built on @HyperliquidX - Kraken was valued at $20bn in a 2025 funding deal and has already filed confidentially for an IPO. A fully centralized exchange of that size choosing Hyperliquid to power its markets is a pretty big deal. - HIP-3 lets other businesses launch their own perp markets using Hyperliquid’s trading infrastructure. They choose the assets and market rules, while HL provides the technology that matches buyers and sellers. - Payward plans to use a permissioned version, called HIP-3*, where only approved accounts (KYC'd accounts) can trade those markets. In this setup, NinjaTrader Clearing would handle customer accounts. Bitnomial would operate the markets and handle clearing and settlement. Both are regulated US businesses within Payward. Hyperliquid would match and record the trades onchain. That means a customer could access a market powered by Hyperliquid through a registered US broker, with regulated businesses responsible for operating it. This partnership is clear evidence of "Mike working to bring @HyperliquidX within United States" And for us at @BL_labs_xyz , that’s huge because Payward’s approach gives us a potential blueprint to learn from to successfully build within the regulatory bounds while still offering the best tech. Housing All Finance is merely an inevitability at this point

Great vibes at the @DWFLabs office in Dubai. Very cool initiative opening up their office to ecosystem builders giving us a chance to network while working out of a very nice office. @AlessiaBaumgar big ups 🫡

Looking forward to @DWFLabs HotDesk Wednesday at their office in DXB! Hmu if any of you guys will be around to discuss @BL_labs_xyz and how we're growing the pie for @HyperliquidX

When it rains, it pours eh