MotusAK retweeted
Even though once-niche crypto platform Hyperliquid isn’t officially accessible in the US, its rise has rattled industry titans and caught the White House’s attention bloomberg.com/news/features/…
MotusAK retweeted
Right on schedule, Hyperliquid's second AQAv2 payment hit the Assistance Fund at exactly 00:00 UTC, 24 hours after the test send
$15.92M USDC, 9.2% more than payment #1, within 0.3% of our $15.97M estimate, and enough to buy roughly 190K HYPE at today's price
Funding tx: 0x5405f86d3c1a91e7557f0447ecc00e02057b0052d71db0b9f7cea3bffb1e6bd1
Hyperliquid's second AQAv2 payment to the Assistance Fund looks to be about 24 hours away
A 2.52 USDC test send just hit the AF at exactly 00:00 UTC, the same signal we saw on 10/03, a day before the $14.58M first payment
Payment #2 should be about $15.97M, roughly 182K HYPE at today's price, and lands 11/03 at 00:00 UTC if the pattern holds
Payment #1 funding tx: 0x4f7fde96a716741750f90445b88286020153007c421992e9f34889e9661a4e01
MotusAK retweeted
Quick ones from our side.
1) D2 has no exposure to @Binance. We have never traded there.
2) We pulled our USDC from Aave live-tracking the attacker as he parked 60M USDT in the pool and borrowed 19,762 ETH against it.
3) We are long gamma and trading it.
Forensic tl;dr.
Eight chains, one signing layer. The attacker held the hot-wallet keys. Binance 14 fell to a 7702 delegation signed over 50 consecutive nonces, which is what you do when the key is yours and the wallet is still processing withdrawals. BTC and Tron went on plain signatures in the same 20 minutes. Gross 5.0 to 5.8bn, 2.4bn frozen, about 3bn clean.
Where it sits: 386K ETH across three wallets, 17,270 BTC untouched in 17 wallets, 685M TRX, 970K SOL. The ETH is the laundering leg. Bybit’s went to BTC through THORChain in ten days.
As we write, Binance 14 is still delegated to the attacker’s contract and Binance’s own refills were swept again at 21:04 and 21:44 UTC. Three hours in, the automation that feeds the thief is still running.
This is the largest theft in the history of the asset class and it ran through one company’s signing layer while that company’s scripts kept topping up the drain.
For eight years the industry’s single point of failure has had a logo. Tonight the alternative had its books on-chain, its withdrawals open, and 2.4bn of HYPE perp volume in 24 hours. We have traded there every day since before the TGE. Move.
quick ones
1) Binance has enough to withstand 3-4x of current hit and still be largely intact. Very likely they will shrug this off and user funds are very likely safu (but like obviously don’t deposit until they sort out what went wrong)
2) Wintermute obv has exposure to binance, but less than 20% of net equity and I don’t see any disruption to our operations on any time horizon in whatever scenario
MotusAK retweeted
GRAYSCALE’S $HYPG OFFERS BROKERAGE ACCESS TO $HYPE AND POTENTIAL STAKING REWARDS
@Grayscale’s @Nasdaq-listed fund charges 0.29% annually. Rewards accrue to the fund, not directly to shareholders as tokens.
Read more here:
thedefiant.io/converge/marke…
MotusAK retweeted
Excited to bring responsible innovation to the US market in partnership with you @chameleon_jeff
Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.
ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.
trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.
Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.
When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.
MotusAK retweeted
HYPE +22% in 6 hours on ICE/Trade.xyz, rangebound for 2 weeks before, zero pre-news volume.
Bravo! This is how assets react when the team and friends don’t front-run the news. In crypto you’re usually their exit liquidity.
MotusAK retweeted
Honored this hit your radar!
Would love to discuss getting Hyperliquid integrated into X. @benjitaylor and @petersellis let’s chat
MotusAK retweeted
The participation of AGI in capital markets is inevitable.
Trading real, live financial markets is among the ultimate forms of truth seeking, and will likely become widely recognized as one of the most integral AI benchmarks.
There is perhaps no better venue for superintelligent price discovery than a mathematically-secured, global, transparent ledger of linear cash-settled perpetual derivative markets.
We would be happy to assist any efforts by @SpaceXSI (and others) toward this frontier
MotusAK retweeted
Joining forces with @tradexyz
Welcome to our community.
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
MotusAK retweeted
Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.
ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.
trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.
Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.
When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.
Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally.
In this structure:
+ Hyperliquid serves as the underlying technology infrastructure via HIP-3*
+ trade[XYZ] designs and implements the markets
+ ICE operates the regulated market and clearing structure
Existing trade[XYZ] HIP-3 markets will remain unchanged.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
MotusAK retweeted
I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
MotusAK retweeted
Pax Americana x Perpetual Renaissance
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
