Heartcore Web3

Heartcore Web3 is a crypto-native venture fund investing in protocols and their native tokens, with a focus on the web3 application layer.

[Heartcore Web3 @HeartcoreCap]

F* it, VC mode.

Thrilled to share that @heartcorecap is now the proud owner of these purrrrfect cuties 🐾

Our crypto journey started back in 2013. We’ve seen (and backed) many great protocols — but what @chameleon_jeff and team are building with @HyperliquidX is truly unique. We believe that $HYPE is a generational asset and have been buyers since shortly after TGE. Our conviction has only grown over time, today HYPE makes up ~20% of our fund's commitments and significantly more of our fund's NAV - by far our largest investment.

Our fund invests in both liquid-venture and pre-TGE rounds, and we’ve also been active investing in the HyperEVM ecosystem with @Hyperbeat — and more to be announced soon. The caliber of builders here continues to blow us away: @HatashiYamatomo @degennQuant @0xOmnia @sershokunin @fiege_max @liminalmoney @0xNessus @0xBroze @Lamboland_ @ChuckSBradford @kirbyongeo @NarwhalTan @androolloyd @JanitorJon @peterhch and many others - thank you for the renewed energy you're bringing to the crypto industry.

If you are also building on top of Hyperliquid, we'd love to meet - @YacineGhalim & @tjfanta1 's DMs are open.

Our thesis for Hypurr is simple: Hyperliquid will House all of Finance. And Hypurr will remain a cultural cornerstone of that ecosystem for years to come.

Thank you Jeff.

Hyperliquid.

cc @hypurr_co @hypurr @HypurrCap @xulian_hl

[Felix Roesner @felix_rosner]

Launching Marble Cognition

Digital work is the largest unrecorded dataset on earth.
Marble makes it readable for humans and machines.

We spend our evenings so people have the space and time to imagine, decide and create.

Backed by @seedcamp, @HeartcoreCap and amazing angels

[Yacine Ghalim @YacineGhalim]

Required listening for anyone interested in Finance.

Few people know @chameleon_jeff 's name. Yet he is building one of the most consequential companies of our time.

@HeartcoreCap has been a proud investor in @HyperliquidX since TGE week.

[Max Niederhofer ❤️‍🔥 @maxniederhofer]

My regret minimization framework for venture essentially is: back exceptional people trying to do something extraordinary.

You never have to regret that investment decision, even though many of them don't work out financially. They were exceptional people. They tried to do something amazing. I don't ever regret giving my life to this.

And enough of them work out so I get to keep doing it.

[Ethena @ethena]

Introducing @EthenaPay: the internet money neobank.

→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses

Not coming soon™️. Live now to download on iOS.

[Max Niederhofer ❤️‍🔥 @maxniederhofer]

Long leisure travel, esp. outdoor, esp. experiences

[Yacine Ghalim @YacineGhalim]

Hyperliquid

[Aave @aave]

Aave V4 deposits have nearly doubled over the past month.

Deposit and borrow caps were just raised for the eleventh time.

[Ethena @ethena]

Excited to announce our collaboration with @Blackrock.

→Integration of USDe into BlackRock's Aladdin platform
→BUIDL as the primary asset for our whitelabel product
→Liquidity facility on BlackRock tokenized products

The integration of USDe on Aladdin provides unique institutional access for the >$20 trillion of assets managed by financial institutions on Aladdin.

[GEODNET @GEODNET]

We just had to celebrate. 🎉

Big milestone last week. GEOD is now live on Coinbase and we took a moment to celebrate the people who made it happen. Grateful to the whole GEODNET community who helped us get there.

We're just getting started. 🚀

[Arcium @Arcium]

Arcium is designed with a clear path to post-quantum security.

For any system handling sensitive data, a credible path toward quantum-resistant cryptography is foundational.

Within Arcium's architecture, that path is already well-defined.

[WSJ Markets @WSJmarkets]

Hyperliquid, a decentralized crypto platform, is open 24 hours a day, seven days a week. The exchange has emerged this year as a go-to spot for Wall Street’s weekend warriors. https://t.co/3RFisC8oso

[Max Niederhofer ❤️‍🔥 @maxniederhofer]

Quick thoughts on Europe 2031, from the flight home.

Fun, bleak, and the most effective piece of European AI advocacy I've read. Prescient, too: DC just cut foreign-national frontier-model access on security grounds.

Where I agree: make Europe the fastest place in the West to energize a gigawatt and the machine comes to you. That needs permissionless construction and cheap energy, which Europe is bad at. Special Compute Zones point to a way through.

Where I differ: I doubt compute scarcity, a US-EU trade breakdown, and the labs abandoning major markets all land at once. Nor would I give up on a European frontier model: China is less behind than the authors assume, and small, distilled, well-scaffolded models punch above their weight.

At Heartcore we've backed vertical models that beat OpenAI and Anthropic in healthcare and real estate: refined jet fuel for Concorde, not a gas station.

Finally, the US security guarantee remains existential. The time is right to take ~€500B to DC for an Atlantic Compact: Europe trades weapons purchases, regulatory peace, supply-chain alignment, and open capital markets for guaranteed frontier-AI access and American-operated compute on European soil. The successor to NATO.

What Vance called for in Munich still needs a resolution in Europe: what the West is for and why its cohesion is worth paying for.

The human person, made in the image of you-know-who, possessing a dignity that no state confers or may revoke. This is the actual foundation beneath Western democracy. It is the precise point of contradiction with the systems now consolidating on the other side of the strategic divide with China: the surveillance state, the social-credit apparatus, the subordination of the person to the CCP’s continuity.

The contest of this century is over whether the most powerful technology ever built will be governed by polities that regard the person as an end or as an instrument. On that question Europe and America are on the same side, whatever their quarrels. And a European strategy that treats DC and Beijing as interchangeable bullies commits a category error with civilizational stakes.

Two sins currently bracket Europe's temptations. One is idolatry: sovereignty pursued as an end in itself, the nation or the Union worshipped as absolute ("Buy European"). The other is acedia, the sloth that cannot rouse itself to act on what it knows, which is the exact sin of the scenario's epilogue: "we told ourselves it could not be done and we went home and we let it happen."

Against both stands the virtue the moment requires: hope, which is neither optimism nor a mood, but the settled conviction that the good is worth working for. History is not closed. Europe's patrimony built the cathedral and the university, the hospital and the common law of nations. A civilization that built those can build fifty gigawatts and look its allies in the eye.

I think it’s time for a great new compact between Europe and the US.

[Yannik Schrade @yrschrade]

This will be a canon event for confidential and uncensored AI.

They will equip all new AI models with KYC identity checks and store every prompt you’ve submitted forever.

We’ve been building on confidential AI over the past few months in stealth.

Many of my team members have spent 10+ years building confidential AI.

The biggest revolution for AI is approaching. Businesses, individuals and governments seek confidential AI.

The biggest unlock that confidential AI will bring is the ability to process more, more sensitive information, more securely than was possible before. This will ultimately help confidential AI win.

More soon.

[Max Niederhofer ❤️‍🔥 @maxniederhofer]

Artifical intelligence, healthcare, robotics, defense, synthetic biology - one room in Copenhagen. Attendees from London, Paris, New York, Tokyo, and all over the European continent.

Heartcore Day 2026 packed a lot more range into 24 hours than most things I have attended this year :)

Three things stood out:

The incredible breadth. Andreas (Corti) with a healthcare foundational model, Evan (Fora Travel) with a platform empowering travel entrepreneurs, Eden (Nūmi) making breastmilk for moms who can't breastfeed, Fabian (Qualia) making the layer that robotics companies building on VLAs need, Simon (EGIDE) explaining Shahads with Pixar, Mehdi (Davis) outlining their incredible recursive language model in real estate, and a few founders still in stealth, together in one room. The range of incredible businesses Heartcore founders are building has never been wider.

The truth. The best moments were the ones where founders and LPs talked openly. We asked for honest conversations and got them!

The love. An evening of jazz (way too loud! but apparently world-class), then a day of debate on what we have learned, what we are seeing and where we go next.

Thank you to every founder and LP who gave us those 24 hours. The trust, and the honest conversations in this three-sided marketplace business, are what makes us work. $500M returned so far!

Already planning Heartcore Day 2027! If you were in the room: say hi and lmk what I missed. And if you want to be in the room: comment and I'll put you on the waitlist for next year!

[Ethena @ethena]

Ethena has partnered with Janus Henderson, a $480 billion asset manager, to allocate and support the distribution of their liquid high-quality CLO tokenized funds.

As part of the partnership Janus Henderson has made a strategic investment into Ethena's governance token, will allocate into USDe as part of their treasury cash management, and is also exploring avenues to distribute USDe to their client base via exchange traded instruments.

[LI.FI @lifiprotocol]

Introducing LI.​FI Intents.

Infrastructure for apps, wallets, and neobanks to:
• Enable stablecoin payments
• Access real-world assets
• Tap into compliant onchain liquidity

Built for enterprises bringing financial products onchain.

[Veda @veda_labs]

NEW: Veda analytics, now available on @Blockworks.

Our vaults have generated over $375 million in yield for nearly 250K users.

Now, track metrics across Veda vaults with partners including Kraken, EtherFi, Lombard, Kinetiq, Plasma, and Whop.

[wingbits @wingbits]

Aviation is a $4T industry.

Its nervous system? Flight tracking data - a market propped up by unpaid volunteers and trust-based systems for decades.

We rebuilt it from the ground up with DePIN.

Tomorrow, @wingbits mainnet goes live on @solana 🧵

[Heartcore Web3 @HeartcoreCap]

The profile of Jeffrey Yan (@chameleon_jeff) by @colossusmag is a rare window into what an outlier founder looks like.

In two years, our portfolio protocol @HyperliquidX has reached ~$1B+ free cash flow with ~10 employees and no venture funding.

A protocol built for performance, owned by its users and run by an extremely small technical team.

One anecdote from the piece shows what this infrastructure enables.

During a weekend geopolitical shock in late February, traditional markets were closed. The Chicago Mercantile Exchange was closed.

Hyperliquid was not.

Crude oil trading volume on the protocol jumped from $21M to $3.7B in a single day.

Markets that never close are no longer theoretical.

A month later, perpetual futures on the S&P 500 were launched on Hyperliquid, licensed by S&P Dow Jones Indices and trading 24/7, weekends included.

A glimpse of what “housing all of finance” looks like.

Major props to Dominic Cooke (@domcooke) and Patrick O'Shaughnessy (@patrick_oshag) for capturing one of the most underrated stories in tech right now!

Read the profile: https://t.co/Dvvx3TkcYq

cc: @YacineGhalim, @tjfanta1

[Colossus @colossusmag]

This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.

Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.

Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.

Within 3 years, he was running one of the largest anonymous crypto trading firms.

Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.

Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.

Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.

Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.

In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.