Isaac

defi | leading @calblockchain student @ucberkeley

[JUN.hl @KORypto_JUN]

The Hyperliquid UI showed up on @KBSnews tonight 🇰🇷 KBS is one of Korea's biggest broadcasters, and its main evening news caught everything on screen, down to the HIP-3 and HIP-4 tabs.

Korean regulators don't allow crypto futures on domestic exchanges. As you know, many Korean traders have already moved to global CEXs and DEXs.

The segment was titled "Offshore crypto futures: a tax blind spot." Korea starts taxing crypto gains on January 1, 2027, but under the Income Tax Act, only income from "transferring or lending" crypto is taxable, meaning spot trading and lending.

Derivatives like futures and options fall outside that scope, and since they aren't allowed domestically, they trade only offshore or onchain. KBS called this a tax blind spot and reported that the finance ministry and the Financial Services Commission are passing the responsibility back and forth.

I think it's symbolic that Hyperliquid was the screen shown to represent offshore futures trading in this segment. In Korea, "offshore futures" no longer means just global CEXs — it now includes onchain perps too. I expect discussion around onchain perps and onchain derivatives to pick up in Korea from here.

Hyperliquid

[Isaac @0xisaac]

had to walk to the back of the plane to stake my $PAPER gg

[Isaac @0xisaac]

how i be feeling knowing that papertrade now launches exactly during my flight departure out of sg

[Isaac @0xisaac]

@bliquidc generational ui update

[Isaac @0xisaac]

@ericonomic yes we are escaping the matrix with injective

[Isaac @0xisaac]

how i be feeling knowing that papertrade now launches exactly during my flight departure out of sg

[Isaac @0xisaac]

@robcrt safetrade is what tradeogre could never be.

[Isaac @0xisaac]

@rogermasserra I AGREE

[Isaac @0xisaac]

@kirbyongeo kaya toast so good

[Isaac @0xisaac]

@jerrythekid waiting for my restaking points to be worth smth wallahi

[Isaac @0xisaac]

@heart_ scrolling the pink fields. few

[Isaac @0xisaac]

@francescoswiss wait until you take a taxi in Busan lol

[Isaac @0xisaac]

@DevenMat Probably the best article I've seen addressing HyperEVM sentiment.

Wonder if there's room to increase capital efficiency, 82.7% LTV on LSTs on Hyperlend feels too low, the derivative risk feels overindexed with these parameters. stETH and rETH are typically >92%.

[Isaac @0xisaac]

@CalBlockchain @Lighter_xyz @Gemini @ElevenLabs @withAUSD @Ripple @ellipsis_labs @Techweek_ @0xMantle @byhackathonco what a cook!

[Isaac @0xisaac]

@amsofdms @Uniswap @DeFiGeekJapan has done this before with limited success. what makes this one special?

[Isaac @0xisaac]

@uhr3al @Token_Logic omg LOL

[Isaac @0xisaac]

@Jun1on gmeoooooow

[Isaac @0xisaac]

@lilyyang169 @gajesh @kamath_sutra @contextkingceo alpha spot

[Isaac @0xisaac]

@thebryanjun many, many such cases

[Isaac @0xisaac]

@0xkinnif @vfat0 we’re uncs now

[Isaac @0xisaac]

@cocoahomology those who know remember a certain rfvooor who flew to the uk to inspect the “collateral”…