Markets
What to know (if you dare):
- Native Markets triumphs in the Great USDH War of Hyperliquid, conquering 70% of validator votes-because democracy is alive, unless you’re Paxos. 🤴
- USDH enters the stage with “capped mints”-because nothing says “trust us” like artificial scarcity. 🎭
- Bitcoin and Ethereum rise like soufflés-inflated by ETF hopes and dreams of cheaper dollars. 🍰
Good Morning, Asia! Or Whatever Time It Is Where You Are. 🎩
Hyperliquid’s noble validator court has crowned Native Markets the rightful issuer of USDH-after a weeklong spectacle that had more twists than a Molière farce. Paxos, Frax, Sky, and Agora? Mere jesters in this grand theater. 🎪
Native Markets-led by the illustrious trio of MC Lader (ex-Uniswap), Anish Agnihotri (researcher extraordinaire), and Max Fiege (Hyperliquid’s favorite hype-man)-vows to unleash USDH “within days.” Because nothing builds confidence like vague deadlines. ⏳
Native Markets has been awarded the USDH ticker on Hyperliquid.
Thank you to all HYPE stakers and network validators for their time and effort in reviewing the proposals put forward.
– max.hl (@fiege_max) September 14, 2025
Onchain trackers reveal Native Markets seized 70% of votes-Paxos limped in at 20%, while Ethena barely registered at 3.2%. A landslide… or a rigged game? You decide. 🎲
The grand rollout begins with “capped mints” (because why not?), followed by a USDH/USDC spot pair-because competition is healthy, until it isn’t. 🏦
USDH dares to challenge Circle’s USDC, which lords over Hyperliquid with $6 billion in deposits. Will USDH prevail? Or will Circle laugh all the way to the validator bank? 💸
Rival bidders dangled carrots-Paxos with HYPE buybacks, Frax with “direct user yield,” Sky with a savings rate and a $25 million “Genesis Star” (whatever that means). But Native Markets? They sold “credibility.” How quaint. 🎭
Market Movement (Or Lack Thereof) 📉📈
BTC: Bitcoin reclaims $115,000-fueled by ETF inflows, inflation hopes, and the collective delusion of traders. Resistance looms at $116,000, but who cares? Numbers are just social constructs anyway. 🤷♂️
ETH: Ethereum floats above $4600, lifted by ETF inflows and sheer willpower. Will it break $5000? Ask the Magic 8-Ball. 🔮
Gold: Gold lingers near record highs, basking in the glow of dollar weakness. Because when in doubt, hoard shiny rocks. ✨
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2025-09-15 03:37