It’s All About Crypto Blog
bullHYPE: The Return of Leveraged Tokens. Part II
In Part I, I traced the history of leveraged tokens: how they emerged, why they died, and why even the survivors, ETH2x-FLI and XSOL, still lost 97-99% of their value. And now the Hyperliquid ecosystem has produced a reincarnation of this idea: bullHYPE from Hypezion Finance, which people are praising as a good way to long HYPE at the bottom with leverage...
Did WLFI Really Remove Trump - or Is the Story Backwards?
Today there’s a lot of buzz around the claim that the “team page” has disappeared from the homepage of World Liberty Financial. Evergreen says it used to feature photos of Donald Trump and his sons, which are now gone - leading to speculation that the team is trying to distance itself from the conflict-of-interest controversy. I checked the Wayback Machine and looked through snapshots...
Bitcoin Moves More Value Than Visa - With Far Fewer Users
Yesterday, the CEO of the mining pool Braiins pointed out that more value moved through the Bitcoin blockchain in a single day than through Visa - $51.9 billion versus $41 billion. He cited this as evidence that Bitcoin is not dead. To be honest, I didn’t expect to see numbers like that. No, I don’t think Bitcoin is dying. Not every block is full, but...
TON’s Core Issue: Building for Metrics, Not Users
Pavel Durov posted today on his Telegram channel that the TON blockchain has been upgraded and is now 10x faster. How that lines up with the fact that block frequency increased only sixfold, I’m not entirely sure. Is there really anything else that defines blockchain speed besides block time? But that’s not the main point. Seeing this odd announcement full of...
Iran’s Bitcoin Demand - A Glimpse of the Future
Media report that Iran is going to charge vessels $1 per barrel of oil to pass through the Strait of Hormuz during the ceasefire. Given that 15-20 million barrels used to pass through the strait daily, the total adds up to a substantial amount. But the most interesting part is a statement by Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Exporters’ Union, who...
Post-Quantum Crypto Finally Gets a Real Use Case
Of all the post-quantum cryptography projects in the crypto industry, only one strikes me as truly relevant right now. It's Arc, Circle’s upcoming blockchain. This is not the first project of its kind, and not the most advanced. At this stage, it’s still just a project - an idea under development - while there are already working solutions that have...
What If Bitcoin Isn’t Reacting to the Fed at All?
In its latest weekly market commentary, Binance Research offered an interesting take on how Bitcoin’s price relates to macro trends in the US economy. Here’s how their argument goes: * the market has sharply repriced expectations for Fed rates, * this is affecting BTC, * and although since the launch of spot ETFs two years ago BTC’s correlation with the global easing...
bullHYPE: The Return of Leveraged Tokens. Part I
This week, the Hyperliquid ecosystem saw a fairly high-profile launch. Hypezion Finance went live with a pair of new toys: the hzUSD stablecoin and the bullHYPE token. bullHYPE is a leveraged token. HYPE enthusiasts are thrilled about it. And no wonder: free leverage and no margin calls sound like a dream - buy it and get rich. In Hyperliquid community chats, the dominant reaction...
What If Delistings Are the New Listings?
I took a look at how the prices of several cryptocurrencies behaved after being recently delisted from Binance. And you know what? They’re doing quite well. Three of them - IDEX, HOOK, and FORTH - have even gone up over the past 24 hours. It reminded me of an article I wrote about a year ago on how listings and delistings affect crypto prices. Back...
When Control Is Taken Away: A Case for DAO Governance
The South Korean government is reportedly considering legal changes that would cap any single shareholder’s stake in a crypto exchange at 20%. I usually avoid commenting on "news from the future" - media reports about things that haven’t happened yet and may never happen. But this one caught my attention because of the framing itself. Someone in the government seems to believe...
