Zky retweeted
Introducing Intel Trade.
Hyperliquid established a new paradigm:
All Finance on-chain, with full transparency.
Intel turns that data into Intelligence, giving traders the tools to make better decisions.
After a gated F&F phase, Intel is now opening access to more traders.👇
Everyday it's getting worse.
This, and attacking @MagicalTux is so embarracing for @Ledger.
@EricLarch, I know you’ve moved on to taking about flying cars, but your name is still on this company and so is a quarter of the cap table. Get this guy out. It's more than a PR issue.
Replying to @MagicalTux @Ledger
Coming from Mt Gox CEO... Come on man. You are no white knight. Get real...
My X feed bearish but @cburniske is bull posting. I couldn't ask for a better setup in Q4 2026
10/10/25: shat in my old pants watching the chart
10/10/26: bought a $2k pair on @papertrade_xyz before getting liquidated again
Character development
I think Justin Drake's latest alarmism/vagueposting is going to do a ton of damage in multiple ways. It's basically a huge self-own for their own advocacy work on quantum stuff.
Threats from quantum/AI are real, and teams throughout this industry are making considered decisions about how to respond to those risks in a practical way, and to help their users navigate the uncertainty.
Some of those teams have really good cryptographers with an excellent grasp on the decisions they can make, others have to take their cues from trusted experts. There are so many dimensions to optimize along! And due to the complexity involved, it's almost impossible to explain this stuff to non-cryptographers.
Experts have to be cognizant of all this, and of their responsibility to be levelheaded.
After the fog clears up and people learn from their cryptographer friends what is actually going on, they're going to discover this was (at best) an unintentional marketing stunt and a lot of trust will be lost. And nobody will really know what to do...
This is a shame, because they are directionally correct. It actually meant something when they sounded the alarm before. They've just gradually descended into unhinged predictions without feedback to discourage it.
Can anyone, I mean seriously anyone, justify this debacle? It permanently colors all the legitimate concerns/predictions about classical crypto going forward. By their own admission, there was no new information that drove this. I think Justin Drake should explain how he thought this was the right approach, even if he genuinely believed what he was saying.
Baffling.
Zky retweeted
I’ve had a few people write to ask me to follow up on a (reply!) tweet I wrote that’s gotten a lot of retweets. I considered deleting it just to avoid the headache, but I think that would make people more paranoid. So let me share my thoughts.
This morning on my feed "Move your BTC to a fresh address, or offramp your crypto before AI breaks elliptic curves !"
Meanwhile your bank use TLS, PKI, card chips, all the same math, plus a guy named Gary who resets passwords over the phone
glhf
HIP-5 is coming soon
🇸🇬 DAS: Hyperliquid founder @chameleon_jeff says at @blockworksDAS that options are the obvious next piece for the platform, so traders can hedge them against spot and perps on the same order books.
Crazy distribution this week on hyperliquid:native , lot of coins are changing hands.
57M$ ETF positive flow
76M$+ PURR TWAP (mNAV still at 1.21)
Hermeneutic selling about 30M$+ and still have 40M$ HYPE which they are currently selling
Price performance on the week, totally flat.
There's a project that has:
+81% AUM YoY. ATHs across most metrics. Distribution live on Robinhood, Kraken, Revolut soon.
Token is a first-class citizen, revenue used for buybacks. Trading at ~15x P/E.
Token's down 70% from ATH.
Amazing to see projects fixing 2020–2021 issues, the token/equity dual model, and revenue accrual making token holders first-class citizens.
Just sad to see the amount of frontrunning in the days before, and the distribution the moment the announcement drops.
Still, Higher.
Guy is the goat
We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:
1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any ENA within the last 9 months.
2. Alignment of Token & Equity:
The Ethena Foundation and Ethena Labs have reached agreement on a Master Framework Agreement, whereby IP and ownership of value accrued by the protocol is assigned to the Foundation exclusively and governed by token holders with no residual cash flow due to equity investors in the Labs entity.
3. Revenue Buybacks:
Governance proposal now live for the implementation of the fee switch whereby net revenue accrued across all business lines under the Ethena brand will be used to programmatically buy back the ENA token.
The vote for revenue buyback fee switch implementation is now here, and has already been approved by the Risk Committee:
snapshot.box/#/s:ethenagover…
4. Removal of monthly VC unlocks:
The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens. All team tokens remain locked per the original vesting schedules.
Further details and documentation is provided in the blog linked below:















