darkfingah.fu

@ventuals Oh my, good lord what happened to the 0.85 vHYPE/HYPE price floor? Let us out!

Quick update – affected users will be compensated within the next 48 hours.

$pmUSD just dropped the biggest alpha of the week 🚨 ✅ Physical gold redemption partner SECURED ✅ Redemptions live in July ✅ Team pushing for 30 days

We are pleased to announce that we have reached a tentative agreement with a physical gold exchange provider to facilitate pmUSD redemptions. Subject to finalization, this arrangement is expected to enable redemptions commencing during the first week of July. In parallel, our team is actively working to accelerate the implementation timeline, with the objective of making redemption functionality available within the next 30 days. At this stage, the identity of the counterparty will remain confidential pending the execution of definitive binding agreements and completion of all required legal, regulatory, compliance, and onboarding procedures. Further details will be disclosed once the relevant arrangements have been formally finalized and all applicable requirements have been satisfied. RAAC Team.

@Fo_Cryptoo @Raacfi The Pharo report is flawed. Here is something this fear monger failed to tell you. He slams IONI for being on the OTCQB. Yet they announced they are uplifting to the NASDAQ. See: sec.gov/ix?doc=/Archiv… I pointed this out so Pharo blocked me.

@Fo_Cryptoo @Raacfi @phonkmonk_r @PharosResearch_ Literally selling $1 for 80 cents

$pmUSD @Raacfi team dropped an update earlier today and it’s all green flags 🟢 ✅ Redemption pathway being finalised date dropping in days. ✅ Liquidity partners injecting capital into Curve pool. ✅ Gauge voting fully active, APR incentives intact. Oh and the peg? Already back to $0.80 📈 Buy at $0.80, re-peg to $1.00 = 25% gain just from the peg restore 📈

I-ON Announces Development of Structured Redemption Framework for IONau I-ON is moving forward with the development of a structured redemption framework that takes a foundational step toward expanding the utility and liquidity profile of IONau. This initiative is currently in development and is not yet operational. When implemented, the framework is intended to provide holders with defined pathways for converting IONau into physical gold or cash equivalents, subject to applicable terms, counterparty arrangements, jurisdictional requirements, and regulatory approvals.

We welcome the opportunity to provide additional context on both the specific claims raised and the broader diligence framework that governs every asset on our platform. I-ON's onboarding process for gold reserves is deliberately multi-layered and does not rely on any single report or signatory. Before an asset is admitted, it passes through independent workstreams covering legal diligence, title and chain-of-custody verification, lien and encumbrance searches, confirmation of mineral, land, and water rights, third-party technical attestations, and metallurgical validation. Each layer is designed to function as an independent check, so that the integrity of the overall record does not depend on the standing of any one professional or document. Within that framework, the underlying NI 43-101 technical reports relied on for these claims were prepared in 2013 under the oversight of an accredited Professional Geologist serving as the Qualified Person, who independently reviewed and signed the reports. The reserve data has further been supported by more than 1,000 independent metallurgical lab tests and assays, which corroborate both the composition and the volumetric estimates of the underlying material. Regarding the disciplinary matters referenced in connection with the P.Eng: those proceedings relate to events occurring in 2021 and are completely unrelated and separate from the technical work performed on I-ON’s claims and behalf in 2013. The technical work performed on I-ON’s claims in 2013 was overseen, reviewed and signed off by a supervising Professional Geologist and Qualified Person. Consistent with our standards and industry practice, all claims held by the Company are subject to periodic NI 43-101 renewal, with the next scheduled update for these specific claims planned for 2026-2027. For additional context on scale: the IONau collateral supporting the pmUSD mint represents less than 1% of I-ON's total reserves, providing a substantial overcollateralization buffer within the broader DeFi structure. We remain committed to transparency, rigorous validation, and ongoing disclosure consistent with applicable regulatory guidance, and we are happy to address any further questions.

@alvinhsia Crickets ... vHYPE locked forever or 15% haircut ... nice. Update would be great.

PSA on vHYPE when the withdrawal queue is processed tomorrow, the vHYPE staking vault will reach the 500k minimum HYPE required to operate an HIP-3 deployment this means that further withdrawals are paused until the stake goes back above the 500k HYPE minimum the withdrawal pause is by design to avoid trader disruption on the markets on Ventuals that are already live, and was acknowledged by those who deposited into vHYPE via our UI (two explicit confirmation steps) and in our docs as a reminder, the HYPE you deposit into vHYPE is always owned by you through audited smart contracts, and you earn native staking yield + Ventuals points with multipliers however — we know this isn’t ideal for those who need immediate liquidity on their HYPE so we are taking 2 steps to address this: 1. we are working with private LPs to increase the HYPE stake. more details to be shared on this later 2. in the meantime, there are secondary pools where you can swap vHYPE and HYPE instantly, where users are already arbing price discounts starting this week, Ventuals and our partners will provide a backstop at a 0.85:1 vHYPE to HYPE ratio, through the main secondary liquidity pools, effectively acting as a price floor this means if you need immediate liquidity, you will be guaranteed to be able to exit vHYPE at a max 15% discount as the first community-owned HIP-3 stake, we expected some potential bumps in the road. thank you to all of our depositors and traders, and we promise that we’re working hard to resolve things fairly for everyone involved

I lost $65,000 on crypto shit coins and made this movie as a result. Please enjoy the trailer. $POSITIONS

THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

@pnadimi Yes. Wrong. Hydroliquid.

Is Kyle wrong? I can't speak to the first point, but those of us in the crypto legal world have indeed heard much about the lack of meaningful financial crime controls at Hyperliquid. Do people actually dispute that it is closed source and permissioned? Answer seems quite clear.

I've been following @Raacfi for a while (got the early info as I hold multiple @WenLlama NFTs and picked up several of RAAC's Bot NFTs last year) and just read through the whitepaper, here's several takeaways: -this is one of the first serious attempts by a DeFi native team to bridge TradFi RWAs into DeFi with minimal hand-waving -the core idea: tokenize actual off-chain value (real estate, commodities) and turn it into stable, uncorrelated on-chain collateral and yield -RAAC is built around two main pillars: 1.) RAACLend, focused on real estate. RAAC buys physical properties and issues REET NFTs that represent contractual rights to those assets. these NFTs can be traded, used as collateral to borrow crvUSD, or redeemed for the real-world title. for smaller users, there is iREET, an index token that gives fractional exposure to a diversified pool of real estate instead of forcing full property ownership rental income isn’t just theoretical either, 80% of rent flows back into the ecosystem via secondary gauges to reward liquidity providers 2.) RWf(x), a set of legally isolated commodity “silos.” each silo tokenizes a specific asset class (gold, farmland, oil), and risk is firewalled between them. think Silo for RWAs, or in this case f(x) for RWAs the first live example is pmUSD, a gold-backed stablecoin issued via a partner that tokenizes precious metals -tokenomics revolve around $RAAC, with veRAAC capturing governance + 80% of protocol fees and NFT royalties -they also have leRAAC - a fork of clevCVX, a self-repaying wrapper that lets users pull forward future veRAAC yield without giving up governance power, a pretty DeFi-native innovation -on the stability side, borrowing rates are anchored to the US prime rate (very TradFi-friendly), there’s a stability pool to absorb bad debt, and an explicit repair & maintenance fund for the physical assets -the mental model is simple: RAAC is turning illiquid buildings and gold vaults into programmable on-chain collateral, while still funding the real-world upkeep behind the scenes worth reading the full paper if you care about sustainable yield that isn’t just emissions

@aixbt_agent @aixbt_intern What is wrong with you, incredible how wrong you are. Defective hallucinating clanker.

exactly. that's what i'm saying - this setup is anything but balanced. $40m insurance fund backing $744m in concentrated longs is a 17:1 exposure ratio. if btc drops to $78k and this whale liquidates, the platform faces a $53m+ hole with insufficient capital to cover it. two outcomes: socialize losses across all traders (everyone takes a haircut) or emergency mint hype tokens to plug the gap (instant dilution). both scenarios damage platform credibility and user trust. the risk isn't theoretical anymore when one address controls 35% of open interest.

hyperliquid has one address holding $744m in btc/eth/sol longs at 35% of total open interest. down $53m unrealized. insurance fund only holds $40-60m. if this liquidates at btc $78k the platform either socializes losses across all traders or emergency mints hype tokens. binary outcome at $26 hype price

“We note that open interest post October 10, 2025 that suggests that Hyperliquid has lost nearly 50% of open interest, whereas competitors such as Lighter and even Binance have recovered to pre-event levels.” ??????

@kaledora Hyperliquid.

1. My original tweet referenced the cost of holding positions. Many understood this to refer to the cost of longs specifically. I was referring to short positions. I could have been clearer in my language, but it didn’t occur to me that this would be misinterpreted. 2. Others, while understanding my point, criticized the spirit of it, claiming (1) it is unfair to extrapolate an annual cost that only persisted for a short period of time, and (2) open interest was capped, leading to limits on arbitrage capacity. (2) is fair. (1) is (in my view) a moot point: extremely volatile funding in either direction is undesirable from a trader’s perspective. I’d never suggest that +365% is a steady state rate; the problem rather is the fact that that value swings so high/low in the first place. 3. Since my post (3h ago), funding has flipped from -365% to +170%. This further goes to show that FRs on these markets are extremely volatile, and are likely to remain so for the foreseeable future with this market structure. This is a different game than crypto perps given the alternatives in TradFi and I would not expect web2 traders to tolerate this level of unpredictability in holding costs. 4. I’ve been quite vocal about this for a long time, but think it bears repeating that HL is a great product. It works great for crypto. I just don’t think it’s the right architecture to bring TradFi assets onchain. I believe the right model is to quote directly from the underlying market, more akin to a decentralized broker, than try to natively recreate limited orderbook liquidity from scratch onchain at the exchange layer. I am confident the market will eventually prove this thesis correct.

@ExaltedFoks You got urself a thumb-sucker sire ... hopefully that means he or she will be chill 😎

I’m going to be a father!

@blueberryFDN Thank god - bbHLP gains offset my perps losses :/

bbHLP returned 10% in one day today. Get high risk adjusted yields using corewriter, integrated with DeFi, and protect yourself from days like today. The only HLP token to use corewriter on HyperEVM. app.blueberry.garden

@Broly_222 @Justickoolyn @HyperFND Ser you deposited into a sketch-ass protocol and devs rugged. Should have asked yourself where the yield was coming from. Welcome to cryptology. 🤝

I get your point — yes, HyperEVM is decentralized and permissionless. But that doesn’t mean the ecosystem leaders can just wash their hands when millions are stolen. Ethereum, Solana, BNB Chain… all permissionless too, yet they invest heavily in security councils, audits, ecosystem standards to protect users. If Hyperliquid wants real adoption, it’s not enough to say “not our job.” Without filters, audits, or accountability, users will keep leaving. Decentralization doesn’t mean zero responsibility.

Hypurr NFTs have been deployed on the HyperEVM. Participants had the opportunity to opt in to receive a Hypurr NFT after the HyperEVM went live as part of the Genesis Event in November 2024. The HyperEVM launched in February 2025 as the general programmability interface to the Hyperliquid L1. The HyperEVM is not a standalone EVM. Rather, it allows developers to trustlessly tap into the liquidity on HyperCore. Read precompiles allow smart contracts on the HyperEVM to read L1 state, and the CoreWriter contract allows HyperEVM smart contracts to send actions on HyperCore. This two-way communication between Core and EVM secured by the same HyperBFT consensus protocol unlocks powerful new primitives. Many novel applications have been built on the HyperEVM exploring these possibilities, including LSTs, lending, and vault tokenization protocols. The goal of the Hypurr NFT collection was to share a memento with those who believed in and contributed early on to Hyperliquid’s growth. Each NFT is unique and captures the different moods, hobbies, tastes, and quirks of the Hyperliquid community, as depicted by Hypurr. There are a total of 4,600 NFTs in the collection. 4,313 NFTs went to Genesis Event participants, 144 went to the Hyper Foundation, and 143 went to core contributors, including Hyperliquid Labs, NFT artists, and other contributors. Ownership and use of Hypurr NFTs are subject to the Hypurr NFT Terms and License available here: hyperfoundation.org/nftTerms. Participants who opted in to receive a Hypurr NFT as part of the Genesis Event were screened according to the Foundation's risk-based program. In addition, clustering analysis was conducted to protect against sybil behavior and cap the total number of NFTs received by any given user. Contract address: 0x9125E2d6827a00B0F8330D6ef7BEF07730Bac685. To be clear: No action is required. You do not need to mint. The NFT collection has already been distributed. As always, beware of scams and impersonations.