CORE INFLATION SIGNALS PEAK MAY BE PASSING
John Briggs, head of US rates strategy at Natixis North America, says the softer month-on-month core inflation reading may indicate the peak of war-driven inflation has passed. He adds this could support a more favorable inflation outlook ahead, but warns the trend depends on oil prices remaining stable and not reigniting inflationary pressure.
Hyperliquid just generated more fees in the last 24 hours than all other chains combined with $4,2M in fees.
Hyperliquid: 4,2M
Other chains combined: 3,2M
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 Streetโs weekend warriors. https://t.co/3dUhMXjVao
Letter to the Binance Board,
Currently you have toxic assets (USD) on your balance sheet, and an overreliance on BNB as collateral in your exchange.
You should consider mitigating this risk and hedging as you've done in the past by buying interests in up and coming exchanges by accumulating a minimum of $3,000,000,000 worth of Hyperliquid's native token ($HYPE). Binance's greatest strength has been the active deployment of their balance sheet, but this was not a feasible defense due to Hyperliquid accepting no outside capital from investors.
Post accumulation, you should immediately list $HYPE on your exchange, and give users access to the Hyperliquid exchange as your whitelabeled DEX solution using a BNB branded front end.
Of this $3,000,000,000 purchase you should consider giving away $500,000,000 to launch pad stakers of BNB to both remove the potential for capital flight to Hyperliquid itself and to reduce the FOMO of traders venturing off Binance in order purchase the most desirable and rapidly appreciating asset in Crypto today.
I recommend a continuous purchase of around 25% of your revenues, which would total around $3,000,000,0000 of recurring purchases per year. The asset will rapidly appreciate, and you can give away the M2M gains to BNB launchpad stakers to keep users on your platform.
If you fail to secure a position this may disrupt your entire business model and Binance will go the way of many other exchanges in the past and fade into irrelevancy.
You have a fiduciary duty as directors to deploy capital in the best way possible and I see no other path forward that will both insulate your business and diversify your balance sheet.
Consider your options wisely.
@cz_binance@heyibinance@_RichardTeng