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JUST IN: Loracle has started bombing $HYPE with a $33M bag. After $HYPE broke through nearly $62 and set a new ATH, Lora began selling the 558k bag we talked about earlier and adding to his short. Loracle is now playing against the strongest trend and the asset that’s outperforming every other crypto right now. Absolute cinema is unfolding before our eyes – who’s gonna win?

Never ever leaving this app

Been limiting my showers to 1 minute to save more water for the data centers.

@KobeissiLetter RETAILS ROLE:

It's official. SpaceX is going straight to retail investors. "Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors," SpaceX says in their S-1 filing today. These shares will be available through Charles Schwab, Fidelity, Robinhood, SoFi Securities, and ETRADE. Retail will have a huge role in this historic IPO.

welcome to the light 🩵

Traders after learning risk management

So many shitty coins with 0 revenue yet people choose to short $HYPE? Go figure lol

Cerebras was a test. When SpaceX, Anthropic, OpenAI, and every other major company IPOs, the whole world will be watching Hyperliquid.

Everyone is arguing about $USDH dying. They're missing the point entirely. What happened today is the single most important business move in Hyperliquid's history. Let me explain. Revenue, liquidity, politics, lobby, and what it means for the USDH vote debate. Coinbase is now the official treasury deployer of $USDC on Hyperliquid under AQAv2. Circle handles the technical side (CCTP, cross-chain infra). Both are staking hyperliquid:native. Native Markets agreed to sell the USDH brand assets to Coinbase. $USDH is sunsetting. But the mechanics it pioneered are not. They just got applied to a $4.7B asset instead of a $100M one. Let's break down why this is a win on every single front. LIQUIDITY The biggest complaint from traders and builders for months: fragmentation. $USDH had the alignment but not the liquidity. $USDC had the liquidity but not the alignment. You had to choose. That choice is gone. One stablecoin. One orderbook per pair. No split liquidity. No confusion for HIP-3 deployers picking a quote asset. No friction for new users bridging in. $4.7B in USDC on Hyperliquid, 2x year over year. That is the base generating yield now, not $100M. REVENUE Under AQAv2, the treasury deployer shares 90% of the reserve yield revenue with the protocol. Run the numbers on the current $USDC supply: $4.7B at 3.8% interest rate, 90% shared with the Assistance Fund = $160M+ per year flowing directly into HYPE buybacks. That is $440K per day. Every day. For context, USDH at peak supply was generating a fraction of this on $100M. The AQA model worked. It just needed to be applied at the right scale. POLITICS AND LOBBYING This is the angle most people are sleeping on. Coinbase is the largest publicly traded crypto company in the US. They spent over $100M on crypto lobbying and political action in the last cycle. They are the single most powerful voice for crypto regulation in Washington. The CLARITY Act markup is happening today. Coinbase has been one of its strongest advocates. Having them financially aligned with Hyperliquid, staking HYPE, operating as treasury deployer, is not just a liquidity play. It is a regulatory shield. Every conversation about "is Hyperliquid a US regulatory risk" just got a lot harder to make when Coinbase is literally staked into the network. Circle staking 500K HYPE and moving toward becoming a validator. Jeremy Allaire posting "Hyperliquid." That is institutional endorsement at the highest level. THE USDH QUESTION "Was USDH a failure?" "Was the vote theater?" "Did Native Markets just flip an asset?" No. USDH was a weapon. It was a credible threat that proved a protocol can demand yield sharing from stablecoin issuers. Before USDH, Hyperliquid had $5B+ in USDC generating $150-200M/year for Circle and Coinbase. The protocol saw none of it. USDH launched. The AQA model proved that yield can be redirected onchain, transparently, back to the protocol. It only reached $100M in supply but that was never the point. The point was forcing incumbents to the table. Basit said it best: the entire lifecycle of USDH from launch to sunset should be studied. Coinbase didn't come to Hyperliquid out of goodwill. They came because USDH proved they would lose the venue if they didn't align. "But Paxos offered better economics during the vote." Maybe on paper. But 95-100% of a stablecoin that might have also struggled to reach $100M in supply is still less revenue than 90% of $4.7B. The vote was never about picking the best yield split on a small asset. It was about creating the leverage to capture yield on the dominant one. WHAT THIS MEANS FOR BUILDERS USDC becomes the canonical quote asset for HIP-4 outcome markets. No more guessing which stablecoin to build around. Hyper Foundation is issuing grants to HIP-3 and HIP-1 deployers who integrated USDH to cover migration costs. Feeless conversions from USDH to USDC during the transition. For HIP-3 deployers running equity perps, commodity perps, outcome markets: one liquidity pool, one collateral asset, deeper books. SECOND ORDER EFFECTS Coinbase operating perps through Hyperliquid via builder codes? Not confirmed, but now structurally possible. Their existing perp product is weak. Hyperliquid's infrastructure is the best in crypto. The incentive alignment is there. Tether now has a clear path to compete. AQAv2 is an open spec. Any stablecoin issuer can stake 500K HYPE and share yield to become an aligned quote asset. Competition is good. AQAv2 becomes a blueprint for every other chain. Hyperliquid just proved that a protocol can force the largest stablecoin issuers in crypto to share revenue at the protocol level. No one has done this before. Hyperliquid.

@sershokunin @tradexyz @HyperliquidX lol watching $CBRS chart

👀 @tradexyz @HyperliquidX

🚨NOW: U.S. Senate Banking Committee Approves the CLARITY Act in 15–9 Vote. The Bill will now be sent to the Full Senate.

iykyk

Bull market tend to die on great news, Bear markets tend to end on really bad news! This is all we need to know :)

🚨BREAKING: Spot stocks is coming to Hyperliquid and HyperEVM The next step could be adding liquidity to pools, staking... we need this. This could be the next level for HyperEVM.

India PVT LTD available to trade on $HYPE now

the bulls stole our rally 🤪

@coinbureau bulls stole our rally 😅

A COW JUST BEAT BITCOIN‼️ If you'd swapped your $BTC stack for cattle last May, you'd be the smartest guy on CT. 🐮Live cattle are up 13.1%, while ₿itcoin is down 22%. That is a ~35-point performance gap in favor of cows. The BULL MARKET was apparently hiding in actual bulls.

@degenrsc founder ethos > decentralization

does anybody care about nakamoto coefficient anymore? nobody cares about $ADA and $DOT anymore just look at $HYPE, the best performing token in the market also has the worst score on decentralization the game now is revenue and cash NOT WHAT I WANT, WHAT THE MARKET IS REWARDING

We are definitely in an AI Euphoria stage, wonder how long it lasts 🤔 Even though the earnings are backing these numbers, but lets see how liquid the market remains in the face of macro. Will see if Trump can pull off this miracle or we see a 20-30% correction soon.