Sky co-founder Rune opened a 7x leveraged short position on ETH and Nasdaq 100, and plans to add four more positions.

Crypto investors are watching the latest moves from twins Cameron Winklevoss and Tyler Winklevoss. According to blockchain tracking data, wallets linked to the

The post Crypto Firm Proposes Cutting HYPE Supply by 45% appeared on BitcoinEthereumNews.com. A crypto asset management firm that holds HYPE — the token behind decentralized derivatives exchange Hyperliquid —  has proposed cutting the total supply of HYPE by 45% to make its tokenomics more attractive to investors. In a post to X on Monday, DBA Asset Management investment manager Jon Charbonneau outlined three changes to Hyperliquid’s economic model: Revoking authorization for all unminted HYPE tokens for future emissions and community rewards (FECR), burning all HYPE in Hyperliquid’s Assistance Fund (AF), and removing HYPE’s 1 billion supply cap. His proposal was co-authored by pseudonymous crypto researcher Hasu. While the plan would need to be voted on and passed through Hyperliquid’s governance structure, DBA would be a major participant, given that it actively stakes HYPE and holds a material position in the token.  Source: Jon Charbonneau The DBA executive said the proposed change would seek to correct the market’s misvaluation of HYPE, which he said is distorted by the fully diluted valuation metric that includes unissued tokens.  “This is problematic because the market penalizes this excess supply in valuing the protocol, and pre-allocating these tokens may unduly bias future capital allocation decisions,” he said, adding that the change would make HYPE even more appealing to investors and stakers, while preserving the protocol’s ability to fund initiatives through new issuances. The proposal — which would see 421 million HYPE from the future emissions and community rewards category and 21 million from the assistance fund slashed — comes amid a recent uptick in investor interest in the Hyperliquid ecosystem. Within a week of revealing its new US dollar stablecoin, USDH, Hyperliquid opened a vote to decide who would issue the stablecoin, drawing interest from Paxos, Frax, Sky, Agora and Native Markets, which came out victorious last week. Hyperliquid handled $330 billion in trading volume in July…

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