A quick rant With the bifurcation of sentiment on CT, it's often easy to get down about the industry; constant back room deals, pvp mentality, and rampant vapor everywhere. But in my opinion, this is actually the most exciting time in crypto - regulatory tailwinds are preventing

Over the last 2 years traders lost $1.2B in fees to DEXs Top traders paid on average $690k in fees to bots each Today, ChainPro announces ZERO fee trading. No trading fees. No Selling Order flow. No extraction. Why are we giving up millions in yearly revenue? We’re in this

Capitally Efficient Defi There has been a suite of new and existing projects that are bolstering a solution to a problem since defi summer, expressing intents in a capitally efficient manner. This is more difficult than you would initially think - when code is king, centralized

Class is now in session, folks. The legend, Arjun Mohan of Galaxy, kindly decided to grace Bullpen Research readers with a recent overview of the new developing onchain credit markets.

Private money will be essential if crypto is going to absorb global finance. Regulatory arbitrage may have sparked early growth, but real adoption needs privacy-preserving and regulator-friendly infrastructure. Sovereign money and private flows aren’t optional—they’re

Composable State, Composable Liquidity: Precompiles on Hyperliquid Hyperliquid’s precompiles expose real-time perp and spot data—like position info, oracle prices, and funding rates—directly to smart contracts on HyperEVM. This enables both state and liquidity composability

Hyperliquid, Fogo, MegaETH, and the Battle On-Chain Price Discovery The only part of blockchain where latency truly matters is trading. Whether you're managing delta risk or racing to cancel an order after a CPI print, you need to move faster than everyone else—or pay for it.

HIP-3 on Hyperliquid: Issuance of permissionless Perps Hyperliquid just unleashed HIP-3, transitioning HyperCore from a mere perps DEX into a financial infrastructure layer where anyone can build. The model is ruthlessly efficient: stake 1M HYPE as security, pay for deployment

x.com/i/article/1922…

lets go Perpl!

Anza's (Anza) Alpenglow: 12.8 second finality to 150ms finality There has been a lot of gaming/optimization around execution, alpenglow is an overhaul of Solana's consensus mechanism. All of this gets more exciting with DoubleZero and multiple-concurrent proposers.

[███████████████░] 98% Quantitative Entertainment - Now Loading Ep 8 Featuring: Ansem 🐂🀄️ , Ryan Watkins, Derteil.hl, Sal Qadir, Arjun Mohan, anon Host: Cattsby.hl 12pm PST / 3pm EST — Only on X. Hyperliquid.

hyperliquid

The stablecoin scaling paradox: Perfect monetary fungibility creates its own contradictions— Treasury dominance → profitability death spiral as issuers control accelerated amount of T-bill float Perfect dollarization → monetary sovereignty collapse (ask Nigeria, Indonesia)

They say bridging is scary, but I just onboarded the girl next door with four clicks in 12.5 seconds to Hyperliquid ...and now we have a date this weekend. Hyperliquid.

One of the sharpest guys I know, congrats!