DrewXBT

[Rajiv Patel-O’Connor @rajivpoc]

new feature observed on hl testnet: stars

afaict stars let deloyers make a hip-3 dex address-allowlisted for trading. testnet allowlist size currently is max 10k addresses. non-allowlisted addresses can still submit reduce-only orders / fund accounts.

see ktob ("BTC Star DEX")

some relevant txs:

0x851e0bc62988fe9e8697042529220801080023abc48c1d7028e6b718e88cd889 (register ktob:BTC)

0x54c1a9c94451ac7e563b0425292214010100c1aedf54cb50f88a551c03558668 (activate star)

0x875b29d555ffdba188d4042529221c01030041baf0f2fa732b23d52814f3b58c (approve trader address)

0x9dbce81f1a86dc269f360425292224010c000004b589faf841859371d98ab611 (unhalt ktob:BTC)

0x3130533baff0a23a32aa0425292ce1010a006b214af3c10cd4f8fe8e6ef47c24 (unapproved address funded)

0x8923485ccfdea73b8a9d0425292d2c01010060426ad1c60d2cebf3af8ed28126 (unapproved address attempts to place order and fails)

0x326fcd720ba84bd833e90425292e06010400e557a6ab6aaad63878c4caac25c2 (approved trader address funded)

0xe070d0c9f5aca692e1ea0425292e33010300e8af90afc56484397c1cb4a0807d (approved trader address places order successfully)

can think of a few reasons why this might be useful, but will refrain from speculation for the time being.

[DrewXBT @Mandyrooooo]

@0xthade @ryskfinance Mostly puts, or calls?

[DrewXBT @Mandyrooooo]

@rektmando I think this is missing priority fees

[Hyperliquid News @HyperliquidNews]

Hyperliquid's open interest has reached a new all-time high of $11.14B, its highest level in 276 days.

The milestone was largely driven by HIP-3 markets, which now account for $3.69B in open interest.

[Pillage Capital @PillageCapital]

This is the most bearish chart in crypto, showing a massive ongoing rotation. The blue line going vertical shows capital fleeing native crypto assets to bet on stocks on Hyperliquid etc instead. The tan crypto line is struggling because there's no new capital.

[DrewXBT @Mandyrooooo]

@DevenMat Never done any work like this but would definitely be interested in helping out

[DrewXBT @Mandyrooooo]

@HF_Trader I’m running the turtle trade on some of the tradexyz pairs through the api

[DrewXBT @Mandyrooooo]

@MoneyPrinter0x Intel?

[DrewXBT @Mandyrooooo]

@JustinCBram Really interesting discussion! Any chance you guys are able to look into liquidity on lit? Slippage is especially rough and makes it difficult to get any size in.

[DrewXBT @Mandyrooooo]

@NMTD8 Are there any staking withdrawal concerns similar to what ventuals dealt with?

[DrewXBT @Mandyrooooo]

@jzszn @avantisfi Seems like it might be starting now...

[DrewXBT @Mandyrooooo]

@variational_io Are you guys able to fix the lighter perps? Slippage is horrible

[DrewXBT @Mandyrooooo]

@CallumOnCrypto 88 is great now. How much oi did you hold to get that?

[DrewXBT @Mandyrooooo]

@__bleeker Near, inj, and Zec have been phenomenal swings

[Hyperliquid Policy Center @HyperliquidPC]

We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management.

For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets.

Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.

[DrewXBT @Mandyrooooo]

@ryzzqq Any idea why it’s been so strong lately?

[DrewXBT @Mandyrooooo]

@Wild_Randomness @notthreadguy What moving averages are those?

[DrewXBT @Mandyrooooo]

@0xSisyphus I think low cash reserves are scaring some people. I have a feeling that was Saylor selling btc yesterday to refill the reserves for the dividends

[battbot🛡️ @in4crypto]

i don't think anyone actually realizes how close zcash is to melting faces

[DrewXBT @Mandyrooooo]

@tulipking I feel like ton is going to put in some huge candles soon