“The Company Began Acquire Hype Tokens in Late June, Having Previoously Announced It Hyperliquid Treasury Initiative”, – WRITE: www.coindesk.com
The Singapore-Based Trading Platform Operator is Aiming to Capitalize on the Launch of Custody Services for the Hyperliquid EcoSystem in the US by Digital Asset Custodian Bitgo.
Lion Group SAID IT Plans to Optimize ITS Crypto Portfolio Using the Hyperliquid Layer-1 Network’s Decentralized Perpetual Futures Exchange Capabilities
The Company Began Acquire Hype Tokens in Late June, HAVING PREVIUSLY Announced It Hyperliquid Treasury Initiative. At the Time, However, Lion Group Said It Planed to Continue Acquiring Sol and Sui.
Lion Group CEO Wilson Wang Described Hyperliquid as “The MOST COMPELING OPPORTUNITY IN DECENTRALIZED FINANCE, WITH ITS ON-CHAIN ORDER BOBOOK AND EFICENT TRADING INFRADRADRACTURER.
“By Shifting Our Holdings from and Sui to Hype Through A Discipline Accuumulation Process, We Aim To Enhance Portfolio Efficiency Added.
At the time of writing, Hype is priced at $ 51.39, 9% Higher in the Last 24 Hours.
LGHL Shares Traded At $ 1.25 of Middle on the East Coast on Monday, A Fall of 7.4% on the Day.
The Yield Earned on the Reserve Assets Wuld Cover The Blockchain’s Sequencer Fees, Helping Keeping the Transaction Costs Low, Megath Said.
- Megath is launcing a Native Stablecoin Called USDM in Partnership with Defi Protocol Etene.
- USDM Will Initially Be Backed by Ethena’s USDTB, WHICH IS BACKED BY Blackrock’s Tokenized Money Market Fund, and May Include Other Tokens Like USDE AS Reserve.
- The Introduction of USDM Highlights a Trend of Crypto Ecosystems Coming Up with Propriotary Stablecoins, Similar to Recent Moves by Metamask and Hyperliquid.
Read Full Story