wajahatmughal

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I find it funny that $ETH was supposed to benefit from the stablecoin boom:
- It's the settlement chain for stablecoins
- Where the TVL for yield bearing stablecoins live
- Where the infra for hosting stablecoins via DeFi is hosted
But of course, that's not where the value lies for $ETH the token. In fact, ETH was able to capture nothing from all of the above. It's one of the reasons it's traded so poorly, it's just not been able to monetise well of any of the above well enough. That's despite there being 160 billion in stables sitting on ETH mainnet.
Instead, there's another chain that makes
ETH3.2%
USDC0.02%
HYPE5.01%
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Rough day for the AI stocks too:
$NVDA -5%
$MU -10%
$AMD -9%
$INTC -9%
$AVGO -5%
$SNDK -11%
$ASML -5%
$ORCL -9%
$MRVL -11%
It is happening...
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Isn't it crazy that if $ETH falls another 5%, $USDT becomes the 2nd largest crypto by marketcap
ETH3.2%
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Ijbest100:
LFG 🔥
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The ZEC news sounds like schrodinger's cat
Has it been exploited or not?
If a hacker was able to mint infinite or a large amount of zcash:native what would they do?
1. Dump it all as quickly as possible and exit
2. Play the game and sell only in small chunks over time that match shielded entries of ZEC coming in.
I think if this even happened to begin with, the exploiter would take the 2nd option. It's in private, not public like other DeFi exploits tend to be. Therefore, the exploiter has many more options + can remain undetected for longer given the assets can be shielded. They can then slo
ZEC4.27%
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GateUser-7be366e5:
👍
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So we have 3 things going well for us right now:
1. Hyperliquid
hyperliquid:native at $73 is a beautiful sight, amazing for the industry. We're seeing some downstream effect now with KNTQ up massively in the last few days
2. TCG season
These are ripping straight. The money is flowing here, everything up gazillions, an airdrop or 2 from some big names will make us all even more euphoric.
Cough* Phygitals Cough*
3. AI/Privacy
Some overlap since the tokens pumping are related. Zcash currently the poster child for privacy generally performing well, as well as Venice, Eigen, Grass, Near. Not the
HYPE5.01%
ZEC4.27%
EIGEN8.78%
GRASS-0.11%
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GateUser-7e159168:
All nonsense
Gm people
Still earning 20% plus on my cash
Farms of the month coming back tomorrow with a few different strategies
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5.047b in total TVL on HyperCore itself.
Consider it to be all USDC in due time.
Consider current T-Bill rate around 3.6%.
That's a total of $140m in revenue per year.
'Under AQAv2, stablecoin deployers share approximately 90% of cost-adjusted reserve yield revenue on their Hyperliquid supply with the protocol.'
So around $120-125 million in additional hyperliquid:native buy pressure.
Current revenues are around $620m annualised so we have an additional 20% in annualised revenue for HYPE with this new USDC deal.
Good for hyperliquid:native + good for users with reduced fragmentation.
IN-7.32%
ON-1.52%
BE2.16%
ALL2.2%
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No more USDH. Coinbase 'acquires' Native Markets.
So 3 HIP3 deployers have all their markets USDH denominated:
- @Kinetiq_xyz
- @felixprotocol
- @ventuals
Oh, and HIP4 outcome markets.
Now I'm guessing they need to wind them down and redeploy? Seems like quite a mess. At least they're getting some grants to help fix.
Good outcome for traders, I personally hated the constant back and forth with USDC/USDH.
There are only 2 stablecoins, Tether and Circle. Everything else is a product.
MORE-11.92%
COINON2.14%
ALL2.2%
NOW-5.32%
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Double digit APRs still exist
You just need to find them
I have 3 different strategies printing APR
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So -$12b in DeFi TVL over the last 24 hours
Almost every DeFi chat of mine has discussions about withdrawing liquidity.
Last 6 months has been rough, it somehow has continued to get worse.
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Never thought I'd see this
Whale wants to OTC buy someones wETH AAVE position for a 5% discount.
AAVE1.57%
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Stocks I'm watching/on my list off the late-March bottom
$INTC +50% in 8 days (best run in 38 yrs, new ATH)
$SNAP $3.81 → $6 (+60%)
$BB $3.15 → $4.80 (+53%)
$HIMS $19 → $27 (+42%)
$HOOD +30% (SEC killed 25yr day-trading rule)
$NOK +24% in 2 wks (first ATH close in a decade)
$ORCL +13% single day (best since Sept)
$SMSN Samsung just posted the biggest quarterly profit in Korean corporate history +755% YoY
$SNDK Memory is a huge narrative, I've been crashing out at Sandisk too
Photonics has been the narrative $LITE +136% YTD
Obviously Amazon (+ Mag7) too
Think theres still juice in the AI infra
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