Yesterday we had the largest daily BTC outflow from ETFs. The previous outflow ATH was on February and BTC took roughly 2 months to find its bottom.

Circle announced yesterday that they will deploy native USDC and CCTP v2 on Hyperliquid. At first glance it might look like a nothing burger (who cares, the USDC are already there right?) but if we look closer this is one of the most bullish things to date since the Hyperliquid's inception. Right now, the biggest Hyperliquid single point of failure (and the biggest FUD generator) is the Arbitrum -> Hyperliquid bridge. This bridge has 4 signers and if 3 of them are compromised they could extract all its USDC and destroy Hyperliquid (in practical terms I'm pretty sure this is still really safe since I believe that all those signers/validators are stored in a very secure physical place). With the native USDC deployment everything changes (not confirmed, but that's my guess) because the architecture changes radically removing Arbitrum and the bridge from the equation (again, not confirmed, just my guess). Instead of having to bridge USDC through the 3/4 bridge in Arbitrum, Circle will mint the USDC natively, so Hyperliquid won't need to store those $5B USDC, so this removes the biggest FUD point. This deployment also entails two more things: > Easier integration for qualified custodians: more funds will be able to buy $HYPE natively. > Multiquote orderbooks: the new architecture might allow to deposit more kinds of assets (USDT, USDhl, $HYPE? etc) instead of only USDC, enabling much more markets. Again, nothing of this is confirmed and they might not remove the bridge, but it's just based on my thoughts and in their latest comms. Pretty excited to see how they manage the migration and to see the new architecture. Hyperliquid.

Who’s gonna shut down his account?

What are the chances of announcing the Circle native deployment on Hyperliquid and Atkins’ “Project Crypto” on the same day? Makes you think.

I asked ChatGPT how bullish the SEC’s “Project Crypto” is for BTC, altcoins and $HYPE. Here’s the TLDR: • Bitcoin – 85/100: Strong tailwinds from regulatory clarity. • Altcoins – 70/100: Bullish for DeFi, stablecoins & tokenization plays. • HYPE – 90/100: Built for the onchain markets the SEC now wants to regulate. This could be Hyperliquid’s moment. HYPE BROS

Ok now that is official that Circle will deploy native USDC on Hyperliquid, here’s the best pair trade of the decade: Long HYPE / short ARB You’re welcome

Finally, only took some years

Amazing things happening at @ValantisLabs

It’s true that Hyperliquid OI should be halved if you want to compare it with other CEXs, but the thing is that this only shows that CEXs fake their volume even more. And on top of that, you can’t verify whether their reported OI is accurate, so who knows, maybe their data is even worse lol

People farmed 3000% APY LPs on Sonic (1% from fees 2999% from points) and now are surprised that they got peanuts for the airdrop. Classic