Posting for two reasons: 1 being if any of you can help this guy out. 2 being to remind everyone that if AI can shorten (even by a little) the time it takes to get drugs like these to the people that need them, then the trillions on compute will have been well spent.
Harrison Ford, known for his rugged dignity, just gave one of the most touching acceptance speeches I’ve ever heard.
Just a man, reflecting on the incredible blessing it is to be able to do what you love and find your place in the world.
I cried.
People ask me: “How can they indict you for saying you took an ecstasy pill 36yrs ago in Australia? Are they mad?” No, folks, they are not mad. This has nothing to do with drugs, with the law, with anything related to my actual interview. It is a reflection of what has been happening to politics across the West, with Greek characteristics.
Unlike in most other European countries, where new ultra-rightist parties emerged to undermine the traditional centre-right party (e.g., the AfD in Germany, Reform in the UK, Meloni’s Brothers in Italy or Le Pen in France), in Greece the mainstream Tory-equivalent party (New Democracy) remains dominant in the polls and in public discourse.
The reason behind their success is that they kept the neofascists in their midst. Indeed, Mitsotakis, the PM, gave them top ministerial posts (e.g., Health, Migration) to keep them sweet. Keen to ensure that things stay this way, and that the neofascists do not form their own party, the PM has cut a deal with them:
The PM and his neoliberal mainstream faction monopolise financial deals with the local and global corporate oligarchy, economic policy more generally. In exchange, the PM has handed over to the neofascists the ministries engaged in rightist culture wars (migration, family law, health, the phoney war on drugs etc.). The latter then use their authority to appeal to their electoral base by ensuring that the Greek Coast Guard causes migrants to drown in the Aegean, that the police shield the fascists, and that people like myself are harassed and dragged through the courts.
In short, my ridiculous prosecution must be seen within the wider, West-wide, surge of an insidious new form of fascism. In this context, I am honoured by their determination to persecute me – as it grants me the privilege of calling upon people of good conscience, from around the world, to stand together, to oppose them. https://t.co/I1FOpsg8Rg
Responding to my pals @tulipking and @CookerFlips here.
As always, starting with some things I agree with:
10/10 was objectively bad for all perp exchanges and there was a ton of value destruction involved with their core user cohort. It will take time to work through this recovery, but I just don't believe perp interest is in secular decline.
Yes, you can spin builder code front ends like Phantom into something that becomes detrimental in the long-run (akin to Jupiter becoming the more valuable piece of real estate vs. the underlying DEXs that feed into it).
However, builder codes are so early on in their lifecycle that each new major front-end expansion will only fuel Hyperliquid's story for the foreseeable future.
Currently, these are huge BD wins for HL and are incremental revenue drivers.
Now to make some other things clear:
The strength of Hyperliquid's competition has been grossly overstated for months now by CT.
It is pretty common knowledge at this point that Aster and EdgeX have next to no retail flow and are basically just funneling volumes across a few accounts. Lighter is less egregious but even then there's far more inventory neutral wallets driving paper volumes to farm points.
Would venture to say that Lighter's volumes are likely 70-80% mercenary, and even paid accounts are currently receiving more incentives per $ of fees paid. Will not even comment on the other "competitors" because at least Lighter deserves to be in the conversation.
10/10 and worsening market conditions have only made it harder to compete against the incumbent. No one wants to be on a less lindy perp DEX after that fiasco.
Looking at Hyperliquid's monthly volumes and OI, there isn't even a trend reversion. This protocol has remained in growth mode and is about the only phenomenon onchain that actually hasn't slowed down in recent quarters (don't even try to check Solana REV numbers - it's bad).
I'm not naive enough to think that there are going to be any safe havens in this market if $BTC keeps making lower lows. But if you want to express that view, why would you short 1 of 2 coins that actually has been exhibiting relative strength?
This seems low R:R for several other reasons:
- Wouldn't be surprised if $HYPE has another fastest horse moment on a bounce / recovery
- There's literally a DAT on the cusp of registering and plowing $300M into this chart
- There are still somehow people concerned that Jeff is going to FSH the HYPE chart with his team supply (I expect some word on this soon)
- Hyperliquid has somehow managed to jumpstart another secular growth vertical in equity perps - which is actually a less cyclical business. In the last month, tradexyz has already generated over $1B in equity perps volumes with two initial tickers under heavy OI caps. They've been shipping new tickers at an absurd pace and other deployers are about to enter the race.
This has nothing to do with OP but there's this strange obsession on CT where ppl want to pit protocols that have nothing to do with Hyperliquid with Hyperliquid - probably because $HYPE is the one token that has actually escaped the trenches this cycle and is building a durable case to stay in the top 10.
That's not a fluke. This is the best product to come out of this cycle and has one of the largest TAMs in crypto or elsewhere. An everything exchange that lets users trade spot, perps, crypto, stocks and commodities is quite literally a holy grail application and no one else is further along on this vision besides Robinhood.
Instead of comparing lesser protocols to Hyperliquid, more time should be spent scrutinizing the tokens still in the top 15, and question whether or not it makes sense that these names even deserve to be in the same category.
Hyperliquid today is about as cheap as it's ever been considering its current and forward-looking revenues.
Ο κόσμος έχασε τις δουλειές του,
τις οικονομίες του,τα σπίτια του,τα οικόπεδα του,την υγεία του,την αξιοπρέπεια του,την ψυχική του υγεία.
Και τώρα σας ζητάνε αυτοθυσία.
Θα σας γαμηθει ο,τι έχετε αγαμητο δίποδα καρκινώματα.
The bear thesis is a combination of "it's been four years" + "chart looks bad" + "degens are not coming back" + "AI is a bubble".
That's about it. Very weak IMO.
Sometimes I’ll see a dad sitting with his son, or playing a game of catch in the park and think about how special it is. What I’d give to go back to a day like that
The kid has no idea what he has in that moment and how fleeting it really is. The thing about dads is they truly are the only man who will ever want you to be better than them. And one day they are gone.
I lost mine a year ago, and it’s something we all will go through. Today is a great day to call yours if you still can. Just to talk.
Why are people making us sign ToS with our wallets now?
Who decided this was a good idea?
Was there some court decision I'm not aware of or is it just someone's dumb lawyer over-engineering the onboarding process?
Over the last 30 days, $HYPE has accounted for nearly 30% of the revenue of all blockchains and protocols combined, but its market cap represents only 0.44% of the top 100 cryptocurrencies.
Creatine does more than build muscle, it powers your brain too
Studies reveal that creatine boosts brain energy metabolism, supports memory and focus, and even helps protect against the effects of sleep deprivation and mild brain injuries
On top of that, research shows it may enhance mood and resilience under stress
There’s no denying it, creatine is brain fuel
This bitcoin chart tells you spot buyers (strong hands) have driven price higher all day today, while perps shorts have been fighting the market. This is unusual. Open interest increasing while price goes up and funding goes down say so.
Most fresh shorts from the last few days are yet to unwind, and the market is thus at risk of a strong push higher once shorts start unwinding or get liquidated.
Positive news on the Government Shutdown should trigger that move.