This is fucking HUGE for Solana
Western Union is launching a new Stablecoin on @solana
> Stablecoin $USDPT
> Available in 360K cash locations and 200+ countries.
I am convinced @solanapayments is going to bring tens of MILLIONS of users to crypto
GOVERNMENT SHUTDOWN TOMORROW? MARKETS SAY 86%
Prediction markets are flashing red, with an 86% chance of a U.S. government shutdown as funding expires at midnight Friday.
The good news: if Congress passes a spending bill by Monday, the shutdown could be over in a day. Since it starts over the weekend, most federal offices are already closed, and essential workers would stay on the job. Early action Monday could even prevent furloughs.
While far less disruptive than last year’s 43-day shutdown, even a brief lapse could delay key economic data like the jobs report.
https://t.co/m1r9xExdmL
This has stuck with me and changed how I live my day
You can't consume more content than you create yourself
That means writing, creating, drawing, etc
You have a limited amount of energy per day, if you only consume you lose the ability to create
it is impressive how founders can destroy a working, growing and quality product just by being greedy and delusional.
the reasons why I liked Lighter (note: not the token; exchange) were:
• near-zero house edge (only possible with 0 fees)
• impressive tech (L2, zk, Universal Margin)
• the cheapest execution cost among all perp DEXs
• being able to be competitive MM for newcomers (there is no fee tiers, so you can start MM-ing with tiny spreads at the start)
with the new upcoming update, the house edge will be increased, execution will become more expensive and small MMs like me wouldn't be able to compete against large firms like Jump.
at the cost of what? to make the token more "fundamental".
LLP is not generating returns anymore, it's monthly APY is at 6%, which is slightly higher than FED rate, so the sharpe of LLP is really low.
dropping my weekly sharpe, because that is the only ratio I care about.
KNTQ staking is live and with that are the similar-but-different tokenomics compared to HYPE.
Hyperliquid revenue buys and burns HYPE vs Kinetiq revenue buys KNTQ and distributes to stakers.
Which model do you prefer? Disregard the obvious differences in revenue & valuation.
During the next network upgrade, there will be many changes for HIP-3.
Deployers will be entitled to 7 additional free tickers.
Funding can be chosen by the deployer.
HIP-3 deployers can change from strictly isolated to normally isolated (used in particular to remove margin).