BitMEX co-founder Arthur Hayes said Hyperliquid’s $314 million unlock brings unavoidable sell pressure, and insider assurances can’t remove uncertainty. A $314 million Hyperliquid token unlock scheduled for Saturday puts the perpetuals decentralized exchange (DEX) under its most significant tokenomics spotlight yet, as one community member calls for clearer communication on how the core contributor unlock will be managed. Tokenomist data shows that on Saturday, Hyperliquid will release 9.92 million HYPE tokens, which is 2.66% of the supply. The tokens are worth about $314 million at the time of writing. The HYPE allocation will be released in a “cliff unlock,” which means they will be released all at once. The unlock ignited public conversations among holders, including an open letter from an X user named Andy, who urged the team to address the community before the tokens are unlocked. At the time of writing, HYPE trades at $31, a 23% decline over the past month. Read more
Blockchain can still serve its purpose while catering to institutional finance needs through privacy technology, says Aztec Labs’ Zac Williamson. Blockchain is being pulled between traditional finance and its decentralized ethos as the industry shifts to serve institutional products. Zac Williamson, CEO of Aztec Labs, said early decentralized governance failures shifted blockchain’s trajectory away from community coordination. “There is a real risk that blockchain just becomes a slightly more efficient settlement layer than Visa or Mastercard,” he told Cointelegraph. “If we lose the social coordination side of this, then the entire point of the technology gets hollowed out.” Read more
Crypto investment products neared $5 billion in outflows in the last four weeks, but late-week inflows show early signs of improving sentiment despite heavy selling, CoinShares said. Cryptocurrency investment products have hit almost $5 billion in outflows over the past four weeks, but inflows during the final days of last week offered a small sign of improving sentiment. Crypto exchange-traded products (ETPs) saw $1.94 billion in outflows last week, a small decline from the $2 billion exodus the previous week, according to a Monday research report from CoinShares. The four-week total now stands at $4.9 billion, marking the third-largest outflow run on record. Only the March tariff-driven sell-off and the February 2018 downturn were bigger. Read more