The good news is that all of the alt open interest got rinsed.
Teal line (-14%) -- altcoin open interest / market cap
Blue line (-22%) -- altcoin open interest in billions
$4.3 billion lost in altcoin open interest in less than a week.
Split Research was one of the first trading desks to go live on @talostrading's Hyperliquid product.
We're live across all products and trading instruments on the world's premier decentralized trading venue @HyperliquidX.
See you in the orderbook.
Talos has integrated with @Hyperliquid, giving select institutional clients access to on-chain liquidity, alongside their existing centralized venue activity through a single workflow.
Hyperliquid users can now access spot and perpetual futures markets, including HIP-3 builder-deployed perpetuals, directly within the Talos platform.
🎙️ “Adding Hyperliquid to the Talos platform removes a real barrier for firms that want on-chain exposure without building and maintaining a separate connection." —Daniel Packham, VP and Head of Provider Network at Talos.
➡️ Read the announcement: https://t.co/wu9amZbPco
Some very interesting signs of life today from the @megaeth TGE.
I’m hopeful everything goes well on launch today because the market might actually be back if it sees a few new launches go well.
There's been a lot of noise in the past 3-6 months but the space is maturing and it'll be a bit rocky before we settle into the middle stages of crypto adoption.
Always a pleasure to join @gametheorizing and thank you to @Timccopeland from @TheBlock__!
There is a severe lack of imagination in crypto capital markets today.
The future of equity capital markets in crypto will be forever altered for the better.
There is a severe lack of imagination in crypto capital markets today.
The future of equity capital markets in crypto will be forever altered for the better.
The whole world is watching as the United States expands scope and brings in Trillions of dollars in value through stablecoins.
Split Research and @SplitCapital are excited to support the future of the stablecoin universe.
@tether x @PlasmaFDN
Today we raised the deposit cap to $1 billion, which filled within ~30 minutes.
One of our main goals for the XPL sale is broad participation. After the initial deposit period, we heard from community members who had trouble joining and felt that snipers and bots had too much time to prepare.
We reopened the cap to give those users a better opportunity. The announcement was made on short notice to reduce bot setups and create more room for real participants, especially those active in our Discord and with notifications on.
To clarify: this is not a $1 billion raise. Deposits are not the sale itself, and the XPL public sale hasn’t started yet. All funds will be bridged to Plasma mainnet beta and remain fully owned by depositors. Depositors earn the right to participate in the sale based on their final units at the time of the lock-up. The public sale terms remain unchanged: $50 million will be sold at a $500 million fully diluted valuation.
We’re incredibly grateful for your support and excited to build Plasma alongside you.
Trillions.
Stablecoins being the killer app for crypto means it is even more imperative that the industry creates a separate standard for its favored use case.
There is so much being built at Plasma right now that serves the end user in the most seamless way.
Our technical documentation is now live. Plasma is a high‑performance, scalable, and secure blockchain purpose‑built for stablecoins.
Read the docs to learn more about Plasma’s architecture, consensus, and core features.
We’re excited to announce that USD₮0 will be supported on Plasma from Day 0, directly connecting Plasma with $141B of USD₮ across chains like Ethereum, Tron, TON, Arbitrum, and more.
Together, Plasma and @USDT0_to will advance global stablecoin adoption.
Trillions.
1/ Today we’re thrilled to announce that we’ve raised $24M, led by @hiFramework and @bitfinex / @USDT0_to to build the leading blockchain for stablecoins.