Quick update on Hyperliquid's enshrined lending protocol: - $1.42B in collateral supplied across HYPE ($1.24B) and BTC (~$180M) - $527M in USDC supplied, earning ~3.5% APY - $414M USDC borrowed, most of which has been used to buy more HYPE (~58%) - 27% has been used as margin for perp trades, and about 7.5% has been borrowed and pulled off Hypercore

double zero keeps adding zeros!!!!! what is happening!

CME filed its opposition to @CFTC's motion to dismiss on Friday. My thanks for the extensive citation of @HyperliquidPC's amicus brief and my tweets (hello!) despite failing to address our points on fixed vs. expanding markets and the zone of interests. CFTC's reply due 10/16.

BULLISH UNLOCK

the shortest and most exhausting 24h bull market ever, until next time!

Ascend tokenomics update Buybacks are moving from 90% HYPE / 10% KNTQ to 50% HYPE / 50% KNTQ. @Kinetiq_xyz is core to how we're building on Hyperliquid. Our fee loop should reflect that. We're doubling down on the teams building Hyperliquid's foundation. Of the KNTQ purchased, 60% will be burned, 20% will deepen kHYPE/KNTQ liquidity, and 20% will fund the Ascend points program. The points program will run across multiple seasons to incentivize sustained activity on Ascend. Participation will be tracked through user profiles, with criteria including staking TVL, trading volume on Ascend, and ecosystem tokens held. This AIP reflects the allocation we believe will create the most long term value for Ascend and the ecosystem growing on @Enter_Elysium.

so hard to overcome the urge to aggressively dump into support for the lolz

ah double zero means the coin goes to zero while your account goes to zero

"God, grant me the serenity to accept the entries I should not change, Courage to loosen my stops, And wisdom to recognise the shift in trend”

pumpfun but no pump and no fun

$PUMP looks like they are swapping all their PUMP into literally any other coin