G00DB0Y.hl ❄️

It's an everyday decision!
I like Hyperliquid.

[Hans @HansonBirringer]

Very helpful product built by a great team to keep up to date on all things regulatory here in the US related to perpetual futures and prediction markets.

[trade.xyz @tradexyz]

The Pre-IPO Perpetual (IPOP) Market for SHEIN is now live.

SHEIN is a pre-IPO market reflecting the market-implied expected price per Class B ordinary share of SHEIN Global Holdings Limited, expected to list on HKEX (code 0625). SHEIN is an online fashion and lifestyle retailer selling own-brand apparel and third-party marketplace products. After the IPO, the oracle will convert the HKD share price to USD at the prevailing USD/HKD FX rate.

[G00DB0Y.hl ❄️ @g00db0y]

@alex_hunter20 this I can get used to😊

[trade.xyz @tradexyz]

State Street SPDR S&P Biotech ETF (XBI) is now live. 10x leverage, 24/7, 365.

[G00DB0Y.hl ❄️ @g00db0y]

@HyperliquidPC @jchervinsky @CFTC HPC is cooking daily!

[Hyperliquid Policy Center @HyperliquidPC]

Perpetual contracts were not on the agenda at the @CFTC's first Innovation Advisory Committee meeting, but they still came up in every session, in a room with some of the biggest names in finance.

Today, we submitted a statement supporting the Commission's work to bring perpetual futures markets onshore and keep them at the center of the innovation agenda.

Read it here:

[Valantis Labs @ValantisLabs]

API Trading is now free.

Trade any @HyperliquidX, @tradexyz, and @entropyIO market with lower fees than Hyperliquid base-tier.

No extra builder code fees.
Lower execution through HYPE staking.
Self-custodial HyperCore wallet.

farm, arb, and trade with lower fees & more margin

[G00DB0Y.hl ❄️ @g00db0y]

Trade Fee Tiers!!

Stuff I’ve never seen before like this is why I log on everyday.

Hyperliquid

[Valantis Labs @ValantisLabs]

Introducing Tokenized Hyperliquid Fee Discounts.

Hyperliquid Fee Tiers are now a tradeable instrument, powered by stHYPE and Pendle.

Traders can now buy Staking Discounts from stHYPE Holders in the Pendle Market; accessing lower Fees on Hyperliquid for a fraction of the HYPE.

[G00DB0Y.hl ❄️ @g00db0y]

@ValantisLabs @happenwah Wow something new!

[G00DB0Y.hl ❄️ @g00db0y]

@Sakrexer If iPhone AirPods Pro all the way.

If not either Sony or Bose I believe.

[G00DB0Y.hl ❄️ @g00db0y]

@alex_hunter20 at this point I think he's doing satire

[Hyperliquid Policy Center @HyperliquidPC]

Oil prices move 24/7. The markets that American businesses use to hedge them do not.

Today, HPC and @tradexyz filed a joint comment letter asking the @CFTC to open a regulated path for energy perpetual contracts and 24/7 trading in the United States.

During February's oil shock, roughly two-thirds of the weekend price move had already occurred onchain before U.S. futures reopened Sunday evening. The next crisis should find American businesses able to manage their risk in real time, under CFTC oversight.

[800.HL @degennQuant]

The unintended consequence of this is that it directly competes with HyperEVM lending/borrowing protocols

Borrowing on HyperCore will always be superior because of the staking discount and deeper liquidity

I do not think this sets a good precedent for HyperEVM builders and the message it sends to them

But on the flip side, you can now bake the $AAVE and $MORPHO valuations into $HYPE.

Hyperliquid is now a borrowing and lending protocol too

Its a double edged sword

$HYPE is undervalued

[G00DB0Y.hl ❄️ @g00db0y]

@degennQuant wait until pull back to 82

[G00DB0Y.hl ❄️ @g00db0y]

@alex_hunter20 that was fast lol

[degentrading @degentradingLSD]

Pre Market Thoughts - 26 Aug 26

Yields are about 6bps lower across the curve with WTI also down about 5% since yesterday. In my post yesterday, i made the case that we seen the high in yields and this will force an epic short covering. How am i playing this? Instead of buying 30y treasuries, i personally have bought some OTM UB futures options. These options will pay out 100x or more if my views are correct...Talk about convexity. (No pun intended)

For risk events, today is $NVDA earnings. This is the earnings with the lowest amount of event premium being priced in. $NVDA has not been realizing on a vol basis for some time and i think it is due for a break out. Buying vol into the event may realize.

In other news, Deepseek ARR hit about 400-500M last month and its gross margins are about 45% on inference. Again - remember that Anthropic is earning about 85% on inference. The "cheap" chinese players? ~45%. Dwarkesh and Patel also has a podcast where they talked about compute. You should take a look. The tldr is that Compute costs could soar even higher.

On $BABA, very interesting that Jack Ma himself bought and then Joe Tsai made another purchase. The last insider purchase for $BABA was at ~$67 and the stock rallied to 190 over the next 6-9 months. I think there is some signal here to watch for.

In Asia trading, both $KOSPI and $NKY are up for the day. $0660 continues to trade firm and hang around its 1.7m KRW support levels. Meanwhile $SNDK is languishing slightly below $MU in pre market trading on $YMTC news.

Crypto markets have front ran the devaluation trade. At this point, i am advocating for short term caution on $BTC and some select alts. They in particular look vulnerable should we get a retracement in risk. My playbook for this would not be to go short, but rather get ready to pinpoint which assets to buy for the next leg of the move.

In other news. I have been busy working on https://t.co/WVEnDanftI. I will be writing a more formal post about it soon. It is now taking its final shape as a venue where people can trade, research and chat. Coming into crypto from tradfi, instead of having 1 singular platform (Bloomberg) - i had to toggle through X, Telegram, various exchanges. I dont know why this should be the case. Currently, the product is still very new so please let me know where i can make improvements on it. It currently only supports 1 venue only - Hyperliquid.

Do check it out and let me know!

[G00DB0Y.hl ❄️ @g00db0y]

@Hy_Purr_liquid Hyperliquid

[Hy-PURR-Liquid @Hy_Purr_liquid]

https://t.co/yiTm4u28LH
hyperliquid

[G00DB0Y.hl ❄️ @g00db0y]

New slick builder code integration by @degentradingLSD who dis?

Awesome terminal btw recommend all my .hl familia to check it out.

Hyperliquid

[Conks @conksresearch]

but they were, all of them, deceived, for another watch was made…