At the same time that Arthur Hayes started selling, another entity related to Andrew Kang (@Rewkang ) sold 120k HYPE ($8M) in less than 30 minutes, pushing the hyperliquid:native price down more than 5%.
That entity already finished selling his stack, but Arthur Hayes, through Flowdesk, is still selling through a slow TWAP. He already has 165k HYPE left.
Just 5 minutes ago, another interesting participant appeared. Andreas Brekken (@abrkn ), founder of SideShift, also started selling 50k HYPE.
At the same time, Hyperliquid Strategies (@HypeStrat) is TWAPping more than $10M through Anchorage.
Arthur Hayes selling wallet: https://t.co/cXwT66Z4xp
Related Andrew Kang wallet (not confirmed): https://t.co/A4M1fK6ABh
Andreas Brekken wallet: https://t.co/AGUaiJjgFZ
First Podcast Appearance in 5 years
Building a Robotics focused investment firm has been one of the most fascinating experiences of my life
Robots will be as ubiquitous as smart phones within a decade. Everyone should be paying attention and the @RoboStrategy team will be sharing much more about the most exciting developments in the industry
been looking into many crypto payment deals lately, feels like the playbooks are pretty similar:
stablecoin rails + compliance in service jurisdictions + yield product + programmable APIs.
I think at the end of the day people won't care much about the tech stack (highly homogenous), its still on distribution - some directly to consumer brands/SMEs, some to PSPs/FIs.
no right or wrong, its just different layers of payment adoption.
Last week, @tempo announced the integration of the DeFi lending protocol @Morpho directly into its payment infrastructure.
This allows enterprises and fintechs to lend idle stablecoins for yield or borrow against on-chain collateral without bridging assets or leaving the Tempo ecosystem.
The initial curated vaults are managed by Gauntlet and Sentora and around US$2 million of Coinbase Wrapped BTC (cbBTC) has already been deposited as collateral, making it the first supported asset on the platform.
Source: @Dune
Our Crypto futures and options are officially available to trade 24/7.
With over 7,200 contracts (~$50M notional) traded in our first weekend alone, the demand for always-on markets is clear.
Read the full press release: https://t.co/GaRKbbwXw3 https://t.co/wcli9Y1Vnr
Non-USD stablecoins could be one of the next major growth areas in crypto.
The reason is simple: businesses and consumers ultimately need to get paid, make payments, and settle in their local currencies.
While USD stablecoins improve cross-border payments, they don't eliminate the need for FX conversion and local banking rails.
That's where local-currency stablecoins come in. They bring domestic currencies on-chain, allowing users to stay in their home currency while benefiting from instant settlement and global liquidity.
This naturally leads to the rise of on-chain FX.
Projects like Circle's StableFX are trying to build the infrastructure needed to exchange and settle different stablecoins on-chain. Adoption is still early, largely because regulation remains fragmented and building local banking, compliance, and liquidity networks is difficult.
Ultimately, on-chain FX isn't missing currencies, it’s missing institutional-grade infrastructure. StableFX is essentially an attempt to bring traditional FX liquidity, pricing, and settlement onto blockchain rails.
非美元稳定币大概率会成为下一阶段的重要趋势。
原因很简单:在真实商业场景里,企业、商户和个人最终还是需要用本地货币来收款、付款、记账和结算。
所以,当资金流涉及不同国家、不同货币和不同银行体系时,只依赖美元稳定币,并不能完全消除外汇兑换、出入金、预存资金和本地清算等摩擦。
本地货币稳定币的价值在于:把本国货币直接带到链上。这样企业和用户既可以保留本币资产敞口,又能获得链上即时结算和跨境流动性的优势。
这也自然引出了另一个趋势:链上外汇。
用稳定币做跨境支付,本质上离不开链上外汇。但这个市场还没有真正起飞,主要有两个原因:
第一,很多国家的稳定币监管框架仍不够明确。
例如韩国多年来一直通过银行联盟和 Sandbox 探索韩元稳定币;加拿大也是在 QCAD 推出五年多后,才开始开放不依赖证券化结构的监管路径。不过,监管确定性正在明显提升,尤其是在美国 GENIUS Act 和香港稳定币条例落地之后,全球稳定币监管正在进入更清晰的阶段。
第二,非美元稳定币发行方往往需要从零搭建本地基础设施。
这包括本地银行合作、储备管理、铸造 / 赎回通道、合规流程和清算网络。不同国家的银行体系和监管要求差异很大,所以落地难度远高于单纯发行一个链上资产。
因此,链上外汇真正缺的,不只是更多币种,而是一套完整的机构级基础设施。
而 Circle 最新推出的 StableFX,本质上更像是在搭建一个链上版本的外汇网络。其核心思路是把传统外汇市场的流动性、报价机制和结算逻辑搬到链上,让不同本地货币稳定币之间可以更高效地完成兑换和结算。
for more details go check out the full article below🔥🔥
非美元稳定币大概率会成为下一阶段的重要趋势。
原因很简单:在真实商业场景里,企业、商户和个人最终还是需要用本地货币来收款、付款、记账和结算。
所以,当资金流涉及不同国家、不同货币和不同银行体系时,只依赖美元稳定币,并不能完全消除外汇兑换、出入金、预存资金和本地清算等摩擦。
本地货币稳定币的价值在于:把本国货币直接带到链上。这样企业和用户既可以保留本币资产敞口,又能获得链上即时结算和跨境流动性的优势。
这也自然引出了另一个趋势:链上外汇。
用稳定币做跨境支付,本质上离不开链上外汇。但这个市场还没有真正起飞,主要有两个原因:
第一,很多国家的稳定币监管框架仍不够明确。
例如韩国多年来一直通过银行联盟和 Sandbox 探索韩元稳定币;加拿大也是在 QCAD 推出五年多后,才开始开放不依赖证券化结构的监管路径。不过,监管确定性正在明显提升,尤其是在美国 GENIUS Act 和香港稳定币条例落地之后,全球稳定币监管正在进入更清晰的阶段。
第二,非美元稳定币发行方往往需要从零搭建本地基础设施。
这包括本地银行合作、储备管理、铸造 / 赎回通道、合规流程和清算网络。不同国家的银行体系和监管要求差异很大,所以落地难度远高于单纯发行一个链上资产。
因此,链上外汇真正缺的,不只是更多币种,而是一套完整的机构级基础设施。
而 Circle 最新推出的 StableFX,本质上更像是在搭建一个链上版本的外汇网络。其核心思路是把传统外汇市场的流动性、报价机制和结算逻辑搬到链上,让不同本地货币稳定币之间可以更高效地完成兑换和结算。
for more details go check out the full article below🔥🔥
USD stablecoins dominate 99% of the market.
But the other 1% just grew 16x in 3 years.
Local currency stablecoin supply is up 70%. On-chain transfer volume went from $600M to $10B. EURC is live on Aave and Visa Direct. BRLA hit $400M+ transfer volume in Feb 2026. XSGD is quietly settling Grab × Alipay+ in the background.
And @circle StableFX is now trying to connect all of them — with RFQ mechanics and PvP atomic settlement. Essentially an on-chain FX network.
The $9.6T/day FX market hasn't been disrupted yet. But the plumbing is being laid — and most people haven't noticed.
Full breakdown 👇
https://t.co/yKRML816HW
Welcome to Gate Ventures' very first podcast episode! 🎙️
Is DeFi dead? We go deep with Sonya Kim @sonyasunkim, Co-Founder of 3F Labs @3f_xyz, on the real mechanics of on-chain RWA leverage — and why carry trade is the next explosive opportunity in DeFi.
🎧 Now available on YouTube and Spotify!
・YouTube: https://t.co/4qUkccGYsC
・Spotify: https://t.co/3fe3Vepj5V
——
🔑 Key Takeaways:
✅ DeFi isn't dead? — but recent exploits set the industry back 6–12 months
✅ Stablecoin supply growing 5x faster than crypto market cap
✅ RWA is the only sustainable fix for DeFi's cyclically collapsing yields
✅ 3F's Bridge Facilitator builds your full leveraged position in one settlement cycle — no more 20-day waits
✅ Four-layer capital stack: leverage LPs, BFs, Morpho depositors & liquidators
✅ Why JAAA CLO (Centrifuge × Janus Henderson) was chosen as the first asset
✅ Founder advice: find PMF in DeFi first, then scale with TradFi distribution
——
#GateVentures #DeFi #RWA #Web3 #Podcast #3F #3FLabs
Don't think people have fully internalized how big @Kinetiq_xyz has become in less than 1 year.
What you're looking at is multi-year old assets and protocols that make up ~97% of the global liquid staking market
Meanwhile the only one to meaningfully penetrate the ETH/SOL liquid staking monopoly and the old DeFi guard is Kinetiq's $kHYPE, which now makes up ~2.1% of the entire liquid staking market
The most pristine crypto asset deserves the most pristine treatment. Just put the k on it.
h/t @KaikoData for the data