It’s All About Crypto Blog
Hyperliquid vs Nobody
At TOKEN2049 in Singapore, the founders of Aave, Ethena, and Hyperliquid were asked who they see as their biggest competitor. * The founder of Aave said: banks. * The founder of Ethena said: Circle. * And the founder of Hyperliquid said: "No one. We're building something nobody else is building." Sounds hard to believe, right? But it reminded me of...
Not Bitcoin, Not ETH - Kazakhstan Starts Its Reserve with BNB
Kazakhstan has launched its national cryptocurrency reserve, starting it off with a purchase of BNB. The concept of a state crypto reserve isn’t new - it’s been debated in many countries over the past year. But Kazakhstan’s move stands out for two reasons. First, they began with an actual purchase. As far as I know, it’s rare for governments to go down...
When JPEGs > utility: the Hypurr phenomenon
One Hyperliquid user sold their Hypurr NFT, earned through ecosystem participation, for 2000 HYPE (that’s over $90,000 at current prices). The same NFT was later resold for 5000 HYPE… and then again for 10,000 HYPE. It reminds me of something Ross Ulbricht once said about the famous “10,000 BTC for pizza” story. He wasn’t that impressed by the fact someone bought pizza with Bitcoin. What fascinated him...
Permissionlessness in Crypto: Open vs. Permissioned Networks
When Bitcoin launched in 2009, it was a real-world proof of the “permissionless” principle. Anyone could join the network and start mining new blocks without asking for anyone’s approval. If miners refused to include your transaction, you were free to become a miner yourself, create a block, and add that transaction to the blockchain. Access was completely...
Komodo & Ergo call out HTX over pay-to-stay demands
Komodo regularly holds "townhalls" where the team discusses updates and new technologies in its ecosystem. At the latest townhall, guests from Ergo joined to talk about a pressing issue: the delisting of Komodo and Ergo from centralized exchanges. Both projects were recently removed from HTX. An Ergo developer shared that HTX offered to delay the delisting for $30,000, or make...
Stablecoin, the SWIFT way
SWIFT is reportedly working on its own stablecoin and testing on-chain messaging on Linea. Both ideas sound absurd. Can you imagine a stablecoin transfer that takes several days, doesn’t settle on weekends, and comes with a $25–50 fee you only find out after the money arrives - because nobody knows in advance which correspondent banks it will pass through and how much each...
Philippines Tries Blockchain to Fight Corruption
The Philippines has decided to use blockchain for government reporting. According to Decrypt, the Department of Public Works and Highways announced it will start recording all of its contracts on-chain. The move comes after mass protests over alleged corruption. Governments have introduced blockchains before, claiming it was about “immutability of data.” But when...
From the Open Market to Public Companies: $105B in Crypto Moved
According to Blockworks, over the past year someone has sold almost $90 billion worth of crypto to publicly traded companies. A year ago, the total amount of crypto purchased by these companies was under $20 billion. Now it’s already $105 billion. What does it actually take to be able to sell crypto to a buyer like Strategy or Helius? It’s not like they’re going...
Should Hyperliquid burn 31M HYPE from its assistance fund?
There's been a lot of buzz around the proposal to burn 31 million HYPE tokens currently sitting in Hyperliquid’s assistance fund. Unsurprisingly, HYPE holders are cheering the idea. Token burns often drive prices higher. Just last week, after KILO announced it would burn 0.86% of its supply, the token price shot up 70%. Now imagine what a 3.1% burn could mean for...
Not just finance: turning BTC into play
At the Bitcoin++ Scaling Edition conference in Istanbul, there was a hackathon - and the winner was a wallet called Artmak. I really like the concept behind it, and I want to share it with you. The wallet runs straight from your browser. You open the website and see small colorful blobs floating freely across the screen. One of them is yours. You can move it around and...
