Hyperliquid faces a pivotal moment as influential community members propose slashing its HYPE token supply by 45%. The radical restructuring aims to address market concerns ahead of a potential $12 billion token unlock. This move could fundamentally reshape the decentralized exchange’s valuation metrics.
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0 posts last weekHYPE Token Supply Cut 45% in DBA Proposal
A major crypto asset manager has proposed slashing HYPE token supply by 45% to improve its investment appeal. DBA Asset Management wants to eliminate future emissions and burn reserve funds. The changes would require approval through Hyperliquid’s governance system.
about HYPE Token Supply Cut 45% in DBA ProposalBybit Hack Linked to Safe Developer Machine Vulnerability and Security Concerns
A recent $1.4 billion hack of Bybit was linked to a vulnerability in a Safe developer machine, allowing attackers to manipulate transactions through a compromised AWS S3 bucket. Experts warn that users of Safe’s multi-signature services are at risk, highlighting the need for improved security measures and verification processes in the industry. Safe has since rebuilt its infrastructure and is leading an initiative to enhance transaction verifiability.
about Bybit Hack Linked to Safe Developer Machine Vulnerability and Security ConcernsCrypto Transfers in Europe Face Increased Restrictions and Compliance Measures
Crypto transfers in Europe are facing significant restrictions due to stringent identification measures linked to the Travel Rule. Platforms like Coinbase and OKX require users to verify sender identities and sign messages for transactions, raising concerns about account freezes. Additionally, some banks, such as Banco of Investimentos Globais in Portugal, are blocking fiat transfers to crypto platforms to comply with European regulatory guidelines.
about Crypto Transfers in Europe Face Increased Restrictions and Compliance MeasuresEthereum Faces Challenges in Price Recovery Amidst Market Sentiment and Competition
Ethereum’s price faced a 20.7% correction, dropping to $2,924, which led to significant liquidations. Despite this, derivatives indicate strong interest from buyers, though the asset struggles to reclaim $3,200, delaying confidence in a rally towards $3,600. High transaction fees and competition from Solana and BNB challenge Ethereum’s dominance, while its future growth relies on the progress of its roadmap.
about Ethereum Faces Challenges in Price Recovery Amidst Market Sentiment and CompetitionHasu’s Impact on Decentralized Finance Through Strategy and Innovation
Hasu, a prominent figure in decentralized finance (DeFi), has significantly influenced the sector through his strategic roles at Flashbots and Lido Finance, focusing on governance and staking solutions. His analytical prowess and ability to simplify complex concepts have established him as a thought leader, while his advocacy for transparency in crypto operations highlights the challenges within centralized exchanges. As DeFi evolves, Hasu continues to shape its landscape with a blend of vision and pragmatism, driving innovation and fostering community engagement.
about Hasu's Impact on Decentralized Finance Through Strategy and Innovation