$BTC funding rate has been negative for 67 STRAIGHT DAYS.
That's a 10-year record.
CT is bearish af. Shorts are paying longs to hold positions.
History says this is exactly when smart money buys 👇
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.
Hyperliquid is still the clear #1 perp DEX
24h volume: $5,9B (massively ahead of #2 Aster at $1.9B)
24h open interest: $7.4B (larger than the combined OI of every other perp DEX behind it)
Absolute dominance.
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes.
The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.
SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain.
Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
The owner of the S&P 500 index is licensing the world’s most tracked stock index for the launch of a derivative contract that trades around the clock on the crypto exchange Hyperliquid https://t.co/2naz9XWGoK
🚨 ALERT: Claude can now build you a full website in hours — not weeks.
Here are 10 powerful prompts that can help you create a website that looks worth $5,000+
Save this before everyone starts using it 🔖
Introducing Claude Design by Anthropic Labs: make prototypes, slides, and one-pagers by talking to Claude.
Powered by Claude Opus 4.7, our most capable vision model. Available in research preview on the Pro, Max, Team, and Enterprise plans, rolling out throughout the day.
The Strongest Intern Team in History – A Photo Worth $80 Billion USD
This is the very first intern class at HRT, held during the winter of 2015.
In that group of 10 interns were the faces who now dominate the world of AI and fintech:
- Jeffrey Yan (founder/CEO of Hyperliquid)
- Alexandr Wang (cofounder/CEO of Scale AI, currently leads AI at Meta)
- Scott Wu (cofounder/CEO of Cognition)
- Jesse Zhang (later founder/CEO of Decagon)
Based on the current valuations of the companies they built:
Hyperliquid ~$40 billion
Scale AI ~$29 billion
Cognition ~$10.2 billion
Decagon ~$4.5 billion
HRT (Hudson River Trading) is a legendary quantitative trading firm (HFT/quant fund) based in New York, famous for high-speed trading across all kinds of assets and equities.
The work environment at HRT wasn’t your typical “just an intern gig.” It was a gathering of brilliant minds who coded together, debated ideas late into the night, and built incredibly tight bonds.
Networking here wasn’t the usual “add on LinkedIn and forget.” It was forged through high-pressure situations, living and eating together, and solving real-world problems side by side — connections that later helped them collaborate, introduce deals, recruit top talent, and even support one another during fundraising rounds.
Sometimes the teams that shake the entire world start as nothing more than a tiny, tightly-knit group.
Just 10 young people who interned together one winter in New York ended up creating a “network” that has reshaped the global AI and fintech landscape.
Source: @HoldstationW
We (@slashapp) raised a $100M Series C at $1.4 billion valuation to build the world's most powerful business banking platform.¹
The round was led by @RibbitCapital, and co-led by @khoslaventures & @GoodwaterCap.
And we're releasing Twin: the world’s first AI private banker.
Introducing our new partners – @aiia_finance! 🐋
AIIA Finance brings AI-powered DeFi to Base, combining quant trading and smart yield strategies for optimized, secure, and high-return investing. It's the go-to platform for those chasing next-gen growth in decentralized finance.
We are pleased to partner with cutting-edge projects from the AI and DeFi sectors and learn new experiences for ourselves! 📈
🔥 Presenting the official weekly #Base Meme Tier List! 🔥
Got a meme that deserves the top spot next week? Drop it below! 👇🐶🔥
$DEGEN $TOSHI $BRETT $PEPE $DOGINME $PONKE $KEYCAT $SKI $MIGGLES $MARSO $BENJI $FARTCOIN