
Devaink
1.4K posts



H&M is moving its Southeast Asia regional headquarters from Singapore to KL and cutting about 30% of its regional support workforce as part of a major restructuring of its Asia-Pacific operations. Under the new structure, a division based in Shanghai will oversee five sales markets, including Bangalore, Sydney and New Zealand. 🧵1






We are aware of abnormal price movements on the XPL perpetual trading pair. Rest assured, all user funds are SAFU. We are conducting a full review and will compensate any affected users for losses.








Introducing Unit - Bringing Spot $BTC to Hyperliquid. I published a brief Messari analyst note on the @unitxyz protocol. The key takeaways are: - This is the first trust-minimized and self custodial trading solution for BTC off of Bitcoin mainnet, secured by a network of independent Guardians who use blockchain indexers and MPC. - @sershokunin and team have onboarded the top MMs on Hyperliquid, and I expect execution on Hyperliquid's CLOB to be better than AMMs on general purpose L1s and L2s. Hyperliquid will soon be the best onchain trading venue for BTC. - You can now deposit and withdraw native BTC through Hyperliquid. - This unlocks all sorts of optionality for Hyperliquid, spot $BTC could potentially be used as coin margin on the perp DEX and collateral in the broader HyperEVM DeFi ecosystem. - Token listings on Hyperliquid's native spot order book can now happen for any crypto asset, utilizing the same underlying infrastructure. - The endgame: trade and hold everything on Hyperliquid. To quote one of my prior tweets - "If 90% of crypto's PMF is trading, why can't a trading chain be one of our most valuable chain's?" messari.io/report/analyst…




Interesting trend: The first time $BTC hit $100K, $ETH was at $3,900. The second time, $ETH was at $3,800. The third time, $ETH was at $3,700. The fourth time, $ETH was at $3,400. The fifth time, $ETH was at $3,200. The sixth time, $ETH was at $2,800.














