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GH0P
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@chumbawamba22 A spanish independent researcher, he writes about eurodollar, finance architecture, capital flows, etc and he’s been getting attention from some high profile figures over the past year or so, it might be worth your while
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@chumbawamba22 Chumba, have you ever read Diego Quevedo Sanchez substack? Been reading him for a few months, i find it interesting tbh i recommend
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Drift raised more than $50 million to build code that lost $220 million of other people's money. Hyperliquid
#investing
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There has never been an exchange compatible with every asset class.
When US equities are surging and volume picks up, Nasdaq has a great year. If crypto enters a bull market, Binance and Coinbase volumes 10x. If the Fed is active and rates vol increases, CME has a great quarter.
But the Nasdaq can't monetize flows in Japan. The Tokyo Stock Exchange can't make money off the commodites boom. Coinbase doesn't profit off heightened rates volatility. These exchanges aren't made to support a wide array of asset classes and opportunities. Their revenues are highly cyclical, tied to the underlying markets they serve.
TradeXYZ breaks this mold entirely.
XYZ can create a market for anything near instantly. Equities. Commodities. Rates. FX. There is always something happening in the world.
We're designed to capture idosyncratic moments of volatility in a world where anything can happen on any asset, anywhere, anytime.
The result is a diversified business that isn't long any single asset class or country, but rather long global asset volatility as a whole.
This is the final platform for traders, with deep liquidity for every major market in the world, open 24/7/365.
The universal venue. Powered by Hyperliquid.
Trade everything, trade XYZ.
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I don’t usually call people out, but this needs to be said.
Some accounts only wake up when there’s red candles or negative news. The moment price drops or something slightly off happens, they suddenly become analysts.
But when the same project delivers: product updates
•> real user growth
•> partnerships
•> actual progress
They go silent.
That’s not criticism, that’s selective narrative.
If you’re truly here for the space, you talk about both sides. You question the bad, but you also acknowledge the good. Otherwise, you’re not informing people you’re influencing them with bias.
And let’s be real…
A lot of these so-called “HL guys” aren’t protecting the community. They thrive on: spreading fear
• targeting specific projects
• building engagement off negativity
Because negativity gets more clicks than truth.
But the reality?
Markets move in cycles. Every project has ups and downs. If you only highlight the downs, you’re not exposing truth you’re manipulating perception.
Real ones don’t switch narratives based on price. Real ones stay consistent.
At the end of the day, always do your own research. Don’t let selective voices shape your entire view.
MLM@mlmabc
He never rebalanced.
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So much talk about Hyperliquid of late.
But the thing that stands out to me when I look at the Perps market is that @coinbase did more Perps volume than Hyperliquid over the last 30 days.
Which begs the question:
Does Hyperliquid actually have regulatory arbitrage here?
Coinbase generates roughly 87% of its revenue from U.S. customers.
So, a relatively small set of its users internationally is generating more volume than Hyperliquid in a bear market.
That's notable to me and counter to the prevailing CT narratives.
---
P.S. in the last bear market I spent the most time studying "high throughput chains." This is what led to our SOL allocation at the lows.
In this bear market, I'm spending the most time on the Perps market.
We're releasing a deep dive for readers tomorrow.
If you'd like to have the latest research hit your inbox when it's published, you can sign up below 👇

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Unable to compete with Chinese electric vehicles, Nazi-era weapons maker Volkswagen eyes a return to arms production, this time with Israel
middleeasteye.pulse.ly/onm42fjzka

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@TechDev_52 Have you ever considered the possibility that your analysis may just not be useful? Because it almost feels like you expect price to conform to your framework rather than entertaining the possibility that your framework is flawed.
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