BTC $74,872.25 -0.37%
ETH $2,121.25 -1.04%
BNB $689.19 +0.13%
XRP $1.09 -1.52%
SOL $86.00 -2.12%
TRX $0.3172 -0.51%
DOGE $0.0697 +0.02%
ADA $0.1771 -0.38%
BCH $237.18 -1.78%
LINK $10.62 +0.73%
HYPE $74.45 -0.57%
AAVE $131.61 +1.58%
SUI $0.8396 +0.34%
XLM $0.1469 -0.55%
ZEC $1,159.54 -6.17%
AAPL $351.42 +2.00%
AMZN $268.27 +2.45%
GOOGL $290.81 +1.03%
MSFT $545.88 +1.87%
META $643.82 +4.55%
NVDA $181.52 +0.65%
TSLA $378.75 +5.33%
SNDK $882.80 +5.00%
INTC $59.27 +4.68%
SPCX $142.00 +3.35%
MU $733.22 +5.42%
AMD $510.00 +11.62%
BTC $74,872.25 -0.37%
ETH $2,121.25 -1.04%
BNB $689.19 +0.13%
XRP $1.09 -1.52%
SOL $86.00 -2.12%
TRX $0.3172 -0.51%
DOGE $0.0697 +0.02%
ADA $0.1771 -0.38%
BCH $237.18 -1.78%
LINK $10.62 +0.73%
HYPE $74.45 -0.57%
AAVE $131.61 +1.58%
SUI $0.8396 +0.34%
XLM $0.1469 -0.55%
ZEC $1,159.54 -6.17%
AAPL $351.42 +2.00%
AMZN $268.27 +2.45%
GOOGL $290.81 +1.03%
MSFT $545.88 +1.87%
META $643.82 +4.55%
NVDA $181.52 +0.65%
TSLA $378.75 +5.33%
SNDK $882.80 +5.00%
INTC $59.27 +4.68%
SPCX $142.00 +3.35%
MU $733.22 +5.42%
AMD $510.00 +11.62%

quest

All
Article
Flash

first_img American financial tycoon Don Wilson questions Hyperliquid's information priority, position transparency, and six other core issues

The founder and CEO of trading company DRW, Don Wilson, published an article raising several questions about the New York Stock Exchange's parent company's push to introduce the decentralized perpetual contract platform Hyperliquid to the U.S. market. He also expressed gratitude to CFTC Chairman Selig and the Trump administration for making such experiments possible and stated that only the market can determine whether an arrangement is useful.Don Wilson: What are the benefits of trading perpetual contracts on a regulated exchange in an on-chain manner? He believes the main advantage of on-chain trading is the reduction of friction in a trustless, identity-verification-free environment, or receiving the purchased assets in real-time through atomic transactions; however, perpetual contracts themselves are not assets, so the latter benefit does not apply.He also specifically mentioned Stan Druckenmiller, asking whether he is aware that positions and transactions on Hyperliquid can be tracked in real-time and whether he sees this as an advantage. Additionally, he noted that Hyperliquid's priority fee mechanism allows participants to pay to see information earlier or to move their orders ahead in the queue, and he inquired whether this aligns with CFTC core principles.Don Wilson further asked whether the liquidity of offshore order books can be merged with onshore order books; if not, whether listing perpetual contracts on regulated exchanges using traditional centralized order books is preferable to bearing the inefficiencies brought by on-chain matching.Previously, Intercontinental Exchange (ICE) and trade[XYZ] announced plans to deploy a perpetual contract market covering crypto assets, stocks, commodities, foreign exchange, and other physical assets for U.S. traders based on Hyperliquid infrastructure, pending regulatory approval, with ICE operating the regulated market and clearing framework.

SkyAI major shareholder questions the clearing of the SOL treasury and demands an increase in the offer price

According to GlobeNewswire, SkyAI's major shareholder Bastion Trading stated that it and its affiliates collectively hold about 9.99% of the company's common stock and require SkyAI's executive chairman and several directors to publicly explain the decision-making process for approving the liquidation of all SOL treasury and the cash tender offer.Bastion pointed out that SkyAI initiated the tender offer on October 16 and disclosed in subsequent documents that it had emptied all SOL treasury. A month ago, the company still stated that it would continue to adhere to the Solana DAT strategy and held over 2 million SOL. Bastion believes that the current tender offer price of $3 per share or for eligible warrants is too low and demands that it be raised to at least $3.50, and that the maximum acquisition ratio for pre-financing warrants be increased from 95% to 100%.Bastion also requested that the Strategic Advisor Warrants be excluded from the offer and that the securities and potential earnings held by directors, management, and affiliates be disclosed. It stated that if the relevant directors cannot prove they have fulfilled their independent oversight and fiduciary duties, they should voluntarily resign; otherwise, a special shareholders' meeting should be convened to allow shareholders to decide the future composition of the board.
app_icon
ChainCatcher Building the Web3 world with innovations.