Hyperliquid is quietly becoming the derivatives engine for its own rivals
Pump.fun is launching perpetual futures on Hyperliquid's infrastructure, following FOMO. Analysis of what it means for rival front-ends and their shared engine.
Insights
Analysis, explainers and market notes, newest first.
AMC to CoreWeave: the escalating corporate backlash against tokenized stock
Nine U.S.-listed companies blocked tokenized versions of their shares on OKXICE under the SEC's innovation exemption, after AMC's public fight with Robinhood.
Farcaster users must sign a “social smart contract” or lose write access
Farcaster's new owners now require existing users to accept a social smart contract. Opt-ins get an onchain NFT, decliners drop to read-only.
Ledger pitches its new Atom device’s tamper protections as the answer to the implant scandal
Ledger unveiled Atom with Core Protection tamper blocking, direct-only sales and an $849 Founder's Edition, two days into its reseller implant investigation.
Solana sets Oct. 21 for Alpenglow upgrade targeting 150ms finality
Solana has scheduled its Alpenglow consensus upgrade for Oct. 21, aiming to cut transaction finality from about 12.8 seconds to a 150ms target.
Starknet opens seven-day vote on leaving Ethereum L2 to become standalone Layer 1
Starknet opened a seven-day, non-binding Snapshot vote on exploring an exit from Ethereum L2 to an independent, post-quantum Layer 1. Early results show 99.91% yes.
BNY moves a tokenized Treasury through a repo workflow with Citadel Securities
BNY and Citadel Securities completed a transaction using tokenized U.S. Treasuries, demonstrating faster collateral movement between settlement and financing on Wall Street.
Ledger explains how the LTE implant steals seed phrases from reseller devices
Ledger confirms an LTE hardware implant in CryptoBilis-sold signers captures seed phrases during setup; MediaMarkt Saturn has halted European sales.
Autheo’s THEO crash: was it Autheo’s deployment or the shared Hyperlane bridge?
Autheo's THEO fell 92% after a suspected Base bridge exploit minted 19 million tokens. The open question: Autheo's deployment, or the shared Hyperlane stack?
ENS Labs drafts proposal to activate ENSv2 and end new v1 registrations
ENS Labs' draft DAO proposal would activate ENSv2, end new v1 .eth registrations and turn expired names into a 28-day land rush on v2.