🚨ARTHUR HAYES REVEALS HIS HYPE CONCERNS
Hayes recently sold his HYPE position and warned that Hyperliquid faces growing competition as exchanges and rival DEXs enter RWA perpetuals.
The risk: more competition could pressure volume, revenue, and ultimately HYPE valuation.
the bridge recorded the highest inflow of OCT to octra network this week
for the first time ever, the weekly bridged-in supply (4,953,533.549 OCT) exceeded the bridged-out supply (792,725.68)
most of the bridged-in supply was then encrypted
data from https://t.co/2J26xQYKqh 💙
In this edition of Fully Diluted, @AvgJoesCrypto sits down with the co-founder of @octra, @octralex.
Octra is an FHE-based L1 that computes on encrypted data without any decryption.
They discuss private DeFi, encrypted AI, the launch of a zero-min Uniswap auction, and more.
Watch the full episode here 👇
$ASTER has spent the best part of 6 months trapped in the same range
bullish news, bearish news, unlocks, staking, none of it really mattered
MM has kept a lid on it the entire way
at some point they stop defending the range and let price discover higher
@dschamis@elonmusk@SpaceX@HyperliquidX@elonmusk Schamis is right
the choice is whether high quality private companies shape the rails themselves or let secondary markets do it for them
tokenised private markets are coming either way
SpaceX should be setting the standard
Most privacy projects focus on hiding transactions.
@octra is pursuing a broader goal: programmable private state.
Using FHE, the network is designed to process and update encrypted data without revealing the underlying information, potentially extending privacy to applications, AI, identity, payments, and financial markets.
quietly researching $OCT
market still seems to be treating it like another privacy coin
I think the cleaner read is encrypted compute infra
FHE is still brutally hard so no victory laps yet
but if the category wakes up, current attention feels very low relative to the surface area
Update: @octralabs will be deploying wrapped OCT and the native bridge on HyperEVM in preparation for listing on Hyperliquid spot markets. We aim to finalize the process this week. Perps will probably take longer and depend on spot volumes, Nova and the Hyperliquid community.
binance app code showing near complete stock trading functionality
limit / market orders
market open / close logic
halts
corporate actions like dividends, splits, mergers and spinoffs
proper RWA equity plumbing
now look at what $aster has been quietly building around the same rails:
stock perps
HK equities
commodities
RWAs
binance wallet routing
trust wallet distribution
hidden orders
feels like the shape of this is becoming fairly clear
@binance handles the onramp and familiar trading surface
$aster becomes the onchain perp / leverage layer sitting underneath the RWA push
maybe Monday confirms nothing
maybe it confirms everything...
loracle.hl(@loraclexyz), who lost over $35M from shorting $110M+ worth of $HYPE, is now closing his $HYPE short and flipping long on $ASTER!
He has already closed part of his $HYPE short and still holds 1.5M $HYPE($103.1M) short.
At the same time, he is adding to his longs on $ASTER, $ZEC, and $TON.
Because of his $HYPE short, he has lost all the $42M+ he previously made on perps.
In less than 20 days, he went from $42.2M in profit to being down $829K.
https://t.co/WeKJaoP4z5
$hype dragging perp dex valuations higher across the board is very bullish for $aster overall
still one of the clearest laggards relative to actual infra
~$2B OI
billions in vol
binance/trust wallet distro
RWAs/HK equities
staking ramping up
market still stuck on the supply overhang but its an easy fix
the biggest thing hanging over $ASTER right now is still the supply situation
$hype pushing back toward ATH with $9B OI and $180B 30d volume is proving the market will heavily reward perp dex winners once institutional style flow starts showing up
thats bullish for the entire sector
but with 6B future supply still sitting over the chart, larger capital is naturally going to stay cautious until there’s more confidence around long term absorption and tightening