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Decrypt’s 2025 Project of the Year: Hyperliquid
Yahoo Finance· 2025-12-19 17:01
Core Insights - Hyperliquid represents a significant shift in the crypto trading landscape, particularly in the realm of perpetual futures, which have gained popularity among retail traders [2][3][4] - The platform has generated substantial trading volumes, with over $2.73 trillion in perpetual futures trading volume and $110.65 billion in spot trading volume this year [4] - Hyperliquid operates on its own layer-1 blockchain, enabling gasless transactions and ultra-fast settlement times, which attracts both retail and high-frequency traders [15][16] Company Overview - Hyperliquid was co-founded by Jeff Yan in 2023, emerging as a decentralized exchange (DEX) that has gained traction without venture capital funding [5][6] - The platform has a small team of 11 people, yet it has achieved significant revenue, earning $1.22 billion in annualized revenue [4] - Hyperliquid's user-friendly interface and low barrier to entry cater to casual traders, promoting a "get rich or die trying" mentality [16][17] Industry Impact - Hyperliquid has popularized perpetual futures among crypto-native traders, allowing speculation on assets using derivative contracts that do not expire [3][8] - The platform's leverage offerings range from 3x to 40x, making it more accessible compared to centralized exchanges that require extensive verification processes [10][11] - The rise of perpetual futures has led to a significant increase in trading volume, with a perps-to-spot trading volume ratio peaking at 11.5 in July 2025 [12] Market Dynamics - The competition among exchanges has intensified, with rivals enhancing their leverage offerings and lowering collateral requirements to attract users [29] - Hyperliquid's decentralized nature allows users to trade without the restrictions typically found in traditional finance, appealing to those in emerging markets [21][25] - The platform's transparency in trading, with all transactions viewable on-chain, contrasts with centralized exchanges that may underreport liquidations [31] Regulatory Considerations - Hyperliquid restricts U.S. users from its platform, highlighting the regulatory challenges faced by decentralized exchanges [24] - The platform's approach to lowering barriers for trading tools is seen as a way to drive innovation and market efficiency, particularly for users in restrictive environments [25] Decentralization Debate - Concerns have been raised about the true decentralization of Hyperliquid, particularly in light of decisions made by its governance structure [33][34] - Critics argue that the platform's governance may not be as decentralized as claimed, with significant control held by the Hyperliquid Foundation [36] - Despite these concerns, Hyperliquid is viewed as more decentralized than traditional centralized exchanges, reflecting a trend towards progressive decentralization in the industry [37]
X @BNB Chain
BNB Chain· 2025-12-19 10:00
Now live on BNB Chain: @DEIN_fi, bringing decentralized and permissionless risk coverage for users!Note: This post is for informational purposes only and not financial advice. DYOR.DEIN (@DEIN_fi):We’re officially going live on @BNBCHAIN 🟡 as our main chain!We are teaming up and going live on BNB Chain to bring decentralized, permissionless risk coverage to one of the most scalable and vibrant ecosystems in Web3.This is just the start! https://t.co/NayRYs0EZs ...
Pioneer Announces Results from Annual General Meeting
TMX Newsfile· 2025-12-19 00:45
Core Viewpoint - Pioneer AI Foundry Inc. successfully held its annual general meeting, with all proposed resolutions receiving the requisite majority approval from shareholders [1][2]. Voting Results - A total of 44,455,773 shares were represented at the meeting, accounting for 47.36% of the company's issued and outstanding common shares [1]. - All director nominees received overwhelming support, with each nominee receiving 44,454,773 votes for (99.998%) and only 1,000 votes withheld (0.002%) [2][3]. - The shareholders approved the following resolutions: - Setting the number of directors at five, with 100% approval (44,455,773 votes for) [3]. - Appointing D&H Group LLP as the company's auditors, also receiving 100% approval (44,455,773 votes for) [3]. - Approval of the stock option plan, with 44,454,773 votes for (99.998%) and 1,000 votes withheld (0.002%) [3]. Company Overview - Pioneer AI Foundry Inc. is a publicly listed venture builder focused on advancing agentic AI at the intersection of artificial intelligence and decentralized finance [4]. - The company has developed KORA, an AI-driven product in private beta testing, through its subsidiary Kora AI Pte Ltd [4]. - Pioneer maintains strategic minority equity interests in various ventures, including Cykel AI Plc, Sundae Bar Plc, Supernova Digital Assets Plc, and Satsuma Technology Plc, which drive innovation in AI and Bitcoin treasury strategies [4].
NYSE Owner ICE in Talks to Invest in MoonPay at Nearly $5 Billion Valuation
Yahoo Finance· 2025-12-18 21:21
Core Insights - Intercontinental Exchange (ICE) is negotiating an investment in crypto payments firm MoonPay, potentially valuing the company at approximately $5 billion, a 47% increase from its previous valuation of $3.4 billion [1][2]. Group 1: Investment and Valuation - The potential valuation of MoonPay reflects a significant increase, coming shortly after the company received approval from the New York Department of Financial Services [2]. - ICE's investment is part of its strategy to expand into emerging financial technologies, complementing its existing crypto platform, Bakkt, and a recent $2 billion investment in Polymarket [3]. Group 2: Regulatory Developments - MoonPay is transitioning from a cryptocurrency on-ramp provider to a full-service digital asset custodian, enabled by a Limited Purpose Trust Charter that allows it to expand custody and crypto services in New York [5]. - This regulatory milestone positions MoonPay in competition with established players under New York's stringent digital asset licensing requirements, which include anti-money laundering protocols and consumer protection standards [6]. Group 3: Leadership Changes - MoonPay has appointed Caroline Pham, the acting chairman of the Commodity Futures Trading Commission (CFTC), as its chief legal officer, signaling a focus on regulatory compliance [7].
ClearUnited and Sundance Strategies, Inc. Announce Agreement for Blockchain Issuance of $250 Million LIFE Bonds
Globenewswire· 2025-12-18 20:58
Park City, Utah, Dec. 18, 2025 (GLOBE NEWSWIRE) -- ClearUnited, Inc. and Sundance Strategies, Inc. (OTCQB: SUND) today announced an agreement leading to the launch of a landmark $250 million LIFE Bond issuance, supported by approximately $600 million in life insurance policies. The issuance is designed to establish one of the most advanced asset-backed digital bond structures in the global decentralized financial ecosystem. A Breakthrough in Insurance-Backed Digital Finance Under a letter of intent signed t ...
Kraken-Backed xStocks Has Gone Live on TON Blockchain
Yahoo Finance· 2025-12-18 14:57
Kraken exchange announced that xStocks, the gold standard for tokenized equities, has launched on TON , the open network linked to Telegram. This means that users of the social media platform will have access to tokenized versions of US stocks and Exchange Traded Funds (ETFs) through the app’s wallet. No Broker Account, No Complex Onboarding With xStocks With xStocks now live on the TON network, users have exposure to permissionless, onchain U.S. equity. As a result of this integration, users can buy, ...
X @AscendEX
AscendEX· 2025-12-18 10:30
🥳We're excited to partner with @bitsolara#Bitsolara is a next-generation Web3 platform that delivers gamified decentralized finance experiences directly through Telegram. It allows users to interact with on-chain mechanics via a seamless and intuitive mini-app interface🚀Together, we will bring innovative DeFi solutions to the masses and make Web3 more accessible than ever!#AscendEX #Bitsolara #Crypto ...
Nature's NFTs? How These Companies Fractionalize Rare Woods From Trees For Global Trade - Geely Automobile Hldgs (OTC:GELYF)
Benzinga· 2025-12-18 09:13
Core Viewpoint - Chinese companies are exploring the tokenization of rare Huanghuali trees and other commodities to address liquidity challenges in various industries [1][2]. Group 1: Tokenization of Huanghuali Trees - Firms in Hainan are capturing images of Huanghuali trees to convert them into digital assets, which could provide essential capital to industries facing cash flow issues [2]. - Geely Technology Group plans to generate $13 million through an initial tranche of tokens to be launched in Hong Kong, with each tree assigned a distinct value based on size and quality [3]. Group 2: Broader Tokenization Efforts - The digitization process extends beyond trees, with other Chinese goods like fine tea and high-end baijiu liquor also being converted into digital assets [4]. - Tokenization has become a significant focus in decentralized finance, with major institutions like BlackRock and JPMorgan actively developing projects in this sector [5].
Coinbase Unveils Prediction Markets, Stock Trading and Solana DeFi Integration
Yahoo Finance· 2025-12-17 23:01
Core Insights - Coinbase is expanding its platform to include traditional stock trading for U.S. customers, marking a significant update to its offerings [1] - The company plans to support thousands of equities and exchange-traded funds, introducing perpetual futures tied to stocks outside the U.S. next year [2] - Coinbase aims to enable tokenized stock trading and will allow institutions to tokenize assets, aligning with services offered by competitors [2][3] Product Offerings - Coinbase will operate as a commission-free brokerage, facilitating stock trading five days a week [2] - The platform will allow U.S. customers to trade perpetual futures, which enable traders to hold leveraged positions indefinitely [4] - Customers can trade assets supported on Solana-based decentralized exchanges directly within Coinbase's mobile app [4] Future Developments - The company is working towards offering access to tokenized stock trading in the upcoming quarter, contingent on regulatory guidance from the U.S. Securities and Exchange Commission [3] - Coinbase's model for tokenization will allow traditional shares to be wrapped and unwrapped across various blockchains while maintaining custody of the underlying stock [3] - The company plans to integrate additional prediction market platforms, following its entry into the prediction markets space [3]
X @Galxe
Galxe· 2025-12-17 15:15
Slush Strategies makes DeFi on @SuiNetwork simple 💧Explore curated strategies, all in one placeSlush (Strategic Arc) (@SlushWallet):The Slush Strategies Quest is LIVE, powered by @GalxeQuest.5 tasks.One-tap DeFi.5K prize pool.It’s DeFi rewards without the spreadsheets, the sleepless nights, or the “why is gas $200?” trauma.Just tap, earn, and pretend you planned this all along.Go 👇 https://t.co/heW8R2ZOpz ...