Floobins retweeted
tip-0002: staking mechanics initialization
shaping the foundation of $t staking:
github.com/talos-agent/TIPs/…
tip-0002 introduces dynamic apy: emissions expand or contract in real time as talos measures growth.
those who stake will benefit.
rewards follow conviction.
Floobins retweeted
U.S. President Donald Trump has signed a resolution repealing a crypto tax rule finalized during the final days of the Biden administration. The rule required custodial brokers to report user transaction data to the IRS and issue Form 1099s for non-employment income. The resolution, introduced by Republican lawmakers Ted Cruz and Mike Carey, was passed by both chambers of Congress. theblock.co/post/350461/trum…
Floobins retweeted
If you're wondering who the marginal buyer will be at $20 billion, remember that
- HL is faster than Solana
- Has a better UX than Drift
- Its present value of future MEV is in the trillions
Hyperliquid is the culmination of all of Multicoin Capital's thought leadership. And they've done such an excellent job of investing and writing that institutional investors have fully bought in including Vaneck, Franklin Templeton, etc.
Floobins retweeted
Hyperliquid is 1000x the product of Serum which traded at $100b+ FDV so it should theoretically trade at 1000x of that
Floobins retweeted
Privacy wins. Today the Fifth Circuit held that @USTreasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and all who cares about defending liberty. @coinbase is proud to have helped lead this important challenge. 1/6
Floobins retweeted
$DEGEN hitting $2B and the confirmed $1B Paradigm-led round means that we may be on the cusp of an all-out @farcaster_xyz season.
Best tracker for Farcaster Community tokens is: farcaster.in
Lol what?
From @WSJopinion: FTX failed because Sam Bankman-Fried’s supporters lost confidence in him. That may be how Donald Trump finally crashes and burns too, writes @AllysiaFinley. on.wsj.com/3hWgjzA
Readers added context they thought people might want to know
FTX in their Bankruptcy Filing said that failure was mainly: Poor record keeping, no cash management system, over 1.5b in loans to execs including SBF, Corporate funds were used to purchase personal use real estate and more.
twitter.com/GRDecter/statu…
pacer-documents.s3.amazonaws.com/33/188450/0420…
Floobins retweeted
To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2
