I really hope to see Telegram become the number 1 social crypto trading app. Then become the number 1 super app for our daily lives.
You cannot ignore Telegram's greatness. CC: @durov
- @base announces a partnership with SMBC Nikko to develop an institutional DeFi Gateway for Japan, using Base's Ethereum L2 for compliant onchain access.
- The MOU with Uniswap Labs, Nethermind, and Nyx Foundation focuses on Uniswap V4 hooks to embed AML/CFT and investor protections directly into liquidity pools, targeting mid-2027 completion.
- SMBC Nikko will handle regulatory coordination with Japan's FSA while the project advances institutional adoption of DeFi through custom, permissioned pools on Base.
Justin Sun recounts TRON’s early mission to solve stablecoin transfer challenges, noting Bitcoin’s slow speeds and Ethereum’s frequent congestion as key pain points.
- Coinbase announced a partnership with Samsung to integrate USDC as the first supported stablecoin in Samsung Wallet, appearing as the default option when topping up balances with custody handled by Coinbase Prime Vault.
- The integration leverages Coinbase's infrastructure for secure USDC handling, redeemable 1:1 for USD and backed by cash and short-term Treasuries, and is set to launch in the US during the last week of October 2026.
- This builds on prior Samsung-Coinbase collaborations like Samsung Pay support, aiming to expand USDC's utility for seamless payments and cross-border transfers to Samsung's large user base.
5/ Why “they’re decentralized so MAS cannot fault them” is a weak claim
MAS’s reported current posture treats decentralization as placing the venue outside its supervisory remit.
That is a real regulatory gap at the moment, not pure invention. The stronger version of the claim that decentralization makes the project untouchable or that the Singapore company is irrelevant is still misleading for several reasons.
The development company is a Singapore legal person with people and an office there. Singapore’s digital-token service provider rules (tightened so that firms incorporated in Singapore generally need a license even if they serve only overseas customers) create a potential hook for the company itself.
The defense relies on separating “Labs writes software / contributes to a chain” from “Labs operates a derivatives venue.” That distinction can be challenged if regulators decide the company is providing the service.
Control is concentrated in practice. The core team is small. The validator set is limited. Foundation-linked validators have at times held a very large share of stake. Node software has been closed-source, with critics noting that operators run a binary they cannot fully audit and that the foundation has practical influence over jailing and upgrades. Most users interact through a tea- or /foundation-controlled front end—the exact interface MAS listed.
“Cannot fault them” overstates the position. MAS has already publicly warned that the platform is not licensed. It can restrict solicitation of Singapore residents, revisit whether the Singapore entity is conducting a regulated activity, and coordinate with other regulators. Absence of a current license or a formal enforcement case is not the same as legal immunity.
4/ Where the misreading happens
Company address ≠ regulated venue. Hyperliquid is saying the lab is registered in Singapore. MAS is saying the protocol is not a MAS-licensed exchange and, given the decentralization on view, is not something it supervises. Those can both be true.
Alert-list entry ≠ ban. MAS’s list exists specifically to stop people assuming that an unlicensed name is MAS-regulated. Hyperliquid said it never made that claim.
“Not aware it is regulated anywhere” is a statement about licensing status, not a finding that the protocol is illegal or that Singapore ordered it to shut down.
1/ Hyperliquid is registered in Singapore.
Highland Labs Pte. Ltd. (formerly known as Hyperliquid Labs Pte. Ltd.), UEN 202402326K was incorporated in Singapore in January 2024 as an exempt private company. Its registered office is in Singapore, and company documents list the city as the registered headquarters.
2/ Hyperliquid on MAS Investor Alert List.
The list itself, on MAS’s site, is defined as names of persons who, based on information available to MAS, “may be or may have been wrongly perceived as being licensed or in any other way authorized or regulated by MAS.” The Hyperliquid entry (listed 26 June 2026) names the Hyper Foundation site and the trading app. It does not say Hyperliquid broke the law, was banned, or is under enforcement.
3/ October 7, 2026 — Financial Times.
Hyperliquid Labs told the FT that Singapore is its registered headquarters (the team led by Jeff Yan moved there in 2024; filings and job postings point to an office). It also said the platform is currently unregulated, has never claimed to be licensed or authorized by MAS, has not applied for a MAS license, and would work constructively with regulators.
MAS’s direct line to the FT was: We are not aware that Hyperliquid is regulated in any major jurisdiction.
People familiar with MAS’s thinking told the FT that the regulator does not treat the venue as Singapore-based for supervisory purposes because of its decentralized structure, and therefore does not regard the trading platform as within its jurisdiction. That “outside jurisdiction because decentralized” line is sourced from people familiar with MAS’s position, not a full public MAS ruling.
Yesterday I saw headlines pushing the wrong meaning on both sides: Hyperliquid and Singapore MAS.
I will address the following:
- @HyperliquidX is registered in Singapore?
- @MAS_sg cannot do anything because Hyperliquid is decentralized.
👇
1/ bitcoin:native trades at $83,079.42, down 1.02% in 24 hours. Volume rose roughly 40%. Price fell below $84,000 and tested the $83,000 support level. This zone has held since the September recovery. Falling price with rising volume points to forced exits, not calm repositioning.
2/ Macro pressure comes from hawkish FOMC minutes released October 7. The Fed raised rates by 25 basis points to 3.75-4%. Most participants saw another hike likely by year-end. The December hike probability is 70.5%. Treasury yields rose above 5.3, tightening financial conditions.
3/ Liquidations between $550 million and $690 million hit crypto in 24 hours. Most were leveraged longs. 4 wallets opened 40x shorts on 148.49 BTC via Hyperliquid before the drop. Roughly $487 million came from long positions. Forced selling amplified the decline.
4/ Exchange outflows hit a 7-month high on October 5. About 24,073 BTC moved to private storage. Exchange-held Bitcoin fell to roughly 6.50% of total supply. This reduces the liquid supply available for immediate sale. The destination remains unconfirmed.
5/ Technical support sits at $81,300 to $83,000.
Resistance is $84,000 to $86,500. Bitcoin failed 3 times to break above $87,000 recently. The next catalyst is the U.S. CPI report on October 14. That data will test whether disinflation is reasserting or stalling.
6/ U.S. government wallets moved about $470 million in Bitcoin, wrapped Bitcoin, and USDT to Coinbase Prime-linked addresses on October 7. Assets link to the 2016 Bitfinex hack and Alameda. This revived speculation about government sales, though it could be a custody change.
7/ Bitcoin closed September 2026 at $83,556, a 6.4% gain and the best September on record. Spot ETFs added roughly $6.6 billion in a 7-day inflow streak. Glassnode flagged a U.S. trading-hour bid flip, meaning U.S. session buyers now drive marginal demand.
- Fortitude Mining's announcement of a non-binding letter of intent with Bitmain for priority access to up to $100 million in unreleased next-generation Zcash (ZEC) mining rigs, with expected shipments in Q2 2027.
- The deal builds on Fortitude's July order of 9,000 Antminer Z15 Pro units for $31.5 million and requires a $20 million refundable deposit, funded via an upsized $70 million credit facility from parent Digital Currency Group.
- Fortitude, currently operating 4.7 GSol/s of Equihash hashrate across seven sites, aims to expand as a leading vertically integrated Zcash miner, coinciding with ZEC trading above $1,370.
- @Coinbase launched live crypto price prediction markets, letting users trade binary "up or down" contracts on coins like BTC, ETH, SOL in short timeframes such as 15 minutes.
- The post playfully references crypto trader memes by making phrases like "it's so over" (bearish) and "we're so back" (bullish) into actual tradable predictions based on real price action.
- Available via the Coinbase app through Coinbase Financial Markets, these high-risk contracts show current odds, trading volume, and multipliers but carry potential for total loss and are unavailable in states like Nevada.
OKX CEO @star_okx reflects on the exchange’s 13-year journey from a simple crypto spot platform to a broader fintech vision, highlighting convergence of crypto for value movement, AI for intelligence, and internet connectivity to create open, 24/7, global finance.
The attached video is from his keynote at OKX Now in Singapore, critiquing traditional finance’s high costs, limited hours, and lack of democratisation while outlining OKX’s evolution into payments, derivatives, Web3 wallets, and AI-driven services like personalised wealth management.
He stresses regulatory compliance, proof-of-reserves, Big Four audits, and mainstream TradFi partnerships, positioning OKX as building an onchain, intelligent platform for holding, paying, investing, and growing money accessible to all.
Sui’s new partnership with Alibaba Cloud, allowing stablecoin payments for each AI agent service call on the Sui network.
The setup lets users assign budgets to AI agents, which then handle per-use payments automatically for Alibaba Cloud resources without manual approvals.
Announced at Sui Basecamp in Singapore today, it advances on-chain machine-to-machine commerce by combining blockchain settlement with cloud AI services.
Hyperliquid co-founder Jeff Yan stated at Token2049 Singapore that its perpetuals trading platform functions as infrastructure rather than a direct competitor to other companies.
Yan compares Hyperliquid to the internet, emphasising its role as a foundational tool where public on-chain trades enable further building by others.