Loreticrypto

Another win for Hyperliquid and this is actually crazy, Intel stok $INTC spiked from $65.8 to $83.5 after earnings call. Guess what? While traditional markets are closed Hyperliquid eats all the volume. Price discovery on Intel happens on Hyperliquid cc @liquidtrading for the vid

> be lazarus group > hack kelp dao for $292m rsETH > don't dump it, pawn it on aave, borrow $190m clean ETH against it > $8b tvl flees aave in 48h, first real defi bank run > arbitrum security council freezes $71m (the only money ever recovered) > push the remaining $175m into thorchain, pay the protocol $494k in fees for the service > convert to btc, shatter into utxo confetti across thousands of addresses > bridge to tron, swap for USDT > chinese OTC brokers aggregate the flows, settle via unionpay, outside SWIFT, outside sanctions > cash lands in pyongyang, funds the missile program > 7 days, 9 protocols, all 100% public on-chain, nobody stops any of it, defi btw

None of these AI slop startups seem to be run by finance people, they are run by LLM people who don't understand that hedge funds don't just run pattern recognition on candlesticks, and don't appreciate the instability of distributions in financial data. This xkcd is still true

Drift Protocol just released their thread on the $280 million hack It's worse than anyone thought too There was no code exploit. It wasn’t a flash loan. It wasn’t even a traditional key theft. Solana has a feature called "durable nonces" that lets you sign a transaction today but execute it days or weeks later Sound familiar EVM critics? 😏 Think of it like writing a signed check and leaving it in someone's drawer until they decide to cash it. The attacker used this to build a time bomb inside Drift's own governance system. So I was wrong and Solana’s architecture did in fact play a role in this exploit occurring. Similar to how a hacker exploits approvals on EVM chains. Here's how it played out: March 23: The attacker sets up four of these delayed-execution accounts. Two are tied to real Drift Security Council members and two belong to the attacker. At some point, the attacker tricks two of Drift's five council members into signing transactions they didn't fully understand. Blind signing is something I have called out a lot and it is a major issue with many of these chains Drift calls it "transaction misrepresentation” 🤨 But in reality they were socially engineered into signing their own robbery Those signatures sat dormant for nine days! March 27: Drift rotates its security council. New members, fresh setup. Doesn't matter. The attacker compromises two of the five new signers too. April 1: Drift runs a routine test transaction. Sixty seconds later, the attacker cashes those pre-signed checks. Two transactions, four Solana slots apart. Full admin control. Every withdrawal limit removed. Every vault drained. $280 million. Gone. Two out of five signatures is all it took 🤦‍♂️ But also clearly some major planning and patience for this elaborate attack Blind signing Durable nonces which function similarly to approvals Poor key management Insecure infrastructure Everything worked as it was designed to work and this was just an incredibly well orchestrated and thought out attack

Remember by longing Oil you're longing an asset that almost every country on Earth is incentivized to see trade lower

You can now enable Claude to use your computer to complete tasks. It opens your apps, navigates your browser, fills in spreadsheets—anything you'd do sitting at your desk. Research preview in Claude Cowork and Claude Code, macOS only.

NEW: GRAYSCALE FILES FOR HYPE ETF TRACKING LARGEST ONCHAIN PERPS DEX HYPERLIQUID - THE BLOCK SOURCE: theblock.co/post/394566/gr…

Total Hyperliquid Victory

@annanay what sub region do you like to use?

I live inside aws-tokyo and match all your orders by hand. Matching algorithm is vibe-time priority.

something, something. hyperliquid.

This is insane. To be clear this means you could modify the details of FTSE100 co’s. Failed state, there isn’t any excuse on the planet for this.

It’s kind of insane that the pipe dreams we had as an industry when Synthetix first came out are finally being realized with Hyperliquid and @tradexyz. $250m+ in OI on oil futures on a weekend. Crypto delivered on its promises. Thank you @chameleon_jeff and @sershokunin.

@fengtality @LSDinmycoffee HIP3 aren’t really tokens they are perps so it’s j a derriv of tradfi (a v efficient one that uses blockchain)

@LSDinmycoffee sorry to burst your bubble, but if it's a token and trades are on the blockchain, it's crypto finance is crypto

There are only 7 crypto pairs in the top 30 pairs by volume on Hyperliquid Even "crypto traders" are no longer trading crypto lol

I don’t think it’s fair to make assumptions about perp dex tokens like Extended or Variational because of what happened with *Paradex* today Think very clearly to anyone who pays attention this launch was always going to go this way Not nearly on the same level imo

@Hans323 @ruggedpikachu if market got big enough, cloud seeding will begin manipulating 😂

@ruggedpikachu idk, at least this market is insider free, and there is no manipulation and it cant get rigged by whales

won $2.2k on London today and $400 on NYC. London came in below basically every forecast, a lot of bond traders got wrecked one bettor won over $12k

Some of our best hires were totally unqualified on paper. They always had the same qualities: entrepreneurial, high agency, smart, mission aligned, and they got shit done. If you’re hiring, especially in early stages, seek out & bet on these people. Don’t over-index on resumes.

During Sunday’s attacks in Iran, when all traditional markets were closed, Bloomberg turned to Hyperliquid’s crude oil contract to gauge the impact for investors. If hedge funds and banks weren’t looking at stablecoins or tokenized assets before this weekend, they’re paying attention now.

Bloomberg just used on-chain oil prices as the reference for their iran risk coverage. Not CME. Not NYMEX. But Hyperliquid. Price discovery doesn't wait for Monday open anymore.

@annanay How are liquidation levels publicly available?

Honestly, there is SO MUCH information that perp dexes leak about their users due to onchain market data, it is a quant’s wet dream. Here is a tiny subset of order features that we spent days-months trying to infer from tradfi market data (and frontrun retail) that many dexes hand off on a platter: >entire user’s order and trade pnl history >liquidation levels >stop triggers >algo vs vanilla order (eg twap) At this stage, the dexes may as well kyc you and give me your mother’s maiden name as well.

wintermute and binance affiliates talking about "this is what one day without jane street looks like" Newsy Johnson