Patrick Scott explains why Hyperliquid remains the best-positioned and most investable Perp DEX, even though its Perp DEX volume share has dropped from 45% to 8% in recent weeks—while competitors like Aster (volume up over 100X to $300B+ weekly), Lighter, and edgeX have grown. The author notes thesis invalidations would be Hyperliquid’s absolute volume dropping with market share loss, major Open Interest declines, or USDH’s prolonged depegging/failed liquidity growth. https://t.co/SeP3AspX7l ...

Proposed Legislation - New York Senator Liz Krueger and Assemblymember Anna Kelles proposed Bill S8518 to tax Bitcoin miners based on electricity consumption [1] - The proposed tax rate is 2–5¢/kWh on electricity used by Bitcoin miners [1] - Revenue generated from the tax would fund energy aid for low-income households [1] - Bitcoin miners using renewable energy sources would be exempt from the tax [1]

According to official registration records, VANECK LIDO STAKED ETHEREUM ETF was incorporated on October 2, 2025, in the state of Delaware as a Statutory Trust, with CSC Delaware Trust Company listed as its registered agent. https://t.co/JswJ2H7HCD ...

Project Updates - BounceBit launched V3 ("Big Bank"), featuring a perp DEX with liquidity provider pool funding buybacks [1] - A new rebasing BB-token standard was introduced [1] Strategic Direction - The release emphasizes a chain-first approach, with flows settling on BounceBit Chain [1] - Value is concentrated in BB as the network's core token [1]

VC Monthly Report in September：there were 62 publicly disclosed Crypto VC fundraising rounds in September 2025, a decrease of 25.3% month-on-month (83 rounds in August 2025) and a decrease of 37.4% year-on-year (99 rounds in September 2024). The total fundraising amount in September 2025 was $5.122 billion, an increase of 5.2% month-on-month ($4.869 billion in August 2025) . Read more: https://t.co/lfh4g9hgb3 ...

Market Trends - Monthly trading volume on Perp DEXs surpassed $1 trillion for the first time, reaching $1.143 trillion [1] - The trading volume represents nearly a 50% month-over-month increase [1] Protocol Performance - Protocols with over $100 billion in Perp trading volume included Aster, Hyperliquid, and Lighter [1]

Robinhood CEO Vlad Tenev said at Token2049 in SG that tokenization will consume the entire financial system, putting all assets on-chain and merging traditional finance with crypto. He noted U.S. regulation lags Europe, but the trend is unstoppable. The tokenization market is about $32 billion, while global equities were valued at over $115 trillion as of 2023. https://t.co/mAI42X9eyt ...

Hyperliquid Founder: Crypto's Value Extends Beyond MoneyAt TOKEN2049 Singapore, the founder of Hyperliquid argued that crypto's innovation is not confined to monetary design but lies equally in social coordination. People from diverse backgrounds self-organize and build together, creating a bottom-up ecological force. He noted that while some once doubted Hyperliquid could ever "house all finance," practice shows that decentralization can support financial primitives and enable a new collaboration paradigm: ...

Spot ETF Inflows - Bitcoin spot ETFs recorded $676 million in net inflows, marking the third consecutive day of inflows [1] - Ethereum spot ETFs saw $80.79 million in net inflows, also extending their streak to three consecutive days [1]

Regulatory Compliance & Market Entry - Polymarket is set to reopen to U S users after nearly four years of an effective ban by the CFTC [1] - Polymarket acquired QCX LLC (now renamed Polymarket US) for $112 million [1] - The acquisition secured a Designated Contract Market (DCM) license [1] Business Expansion - The DCM license allows Polymarket to self-certify markets for U S users, including sports and election [1] - The launch could happen as early as tomorrow [1]