LayerZero unveils trading infrastructure for crypto and tokenized markets, ZRO surges

CryptoQuant founder Ki Young Ju stated that the increasing dominance of Coinbase trading volume and negative premiums indicate that novice surrender is the final stage of a bear market. （Cointelegraph）

The size of the Federal Reserve's overnight reverse repurchase agreement (RRP) used on Tuesday was $405 million (with 6 counterparties), compared to $380 million reported in the previous trading day.

The first proceeds from the Hyperliquid AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3rd, with a scale of approximately $20 million, which will be used to repurchase HYPE tokens. AQAv2 is a stablecoin mechanism announced by Hyperliquid in May this year, with 90% of the profits allocated to the relevant mechanism, followed by 100% for repurchasing and destroying HYPE tokens. Coinbase has been designated as the fund deployment party, while Circle is responsible for technical deployment. Both parties will pledge HYPE to participate in this mechanism. Analysts predict that this mechanism could add approximately $135 million to $160 million in HYPE repurchase pressure annually.

The fluctuation of Bitcoin resulted in a single hour settlement of 529 million US dollars on August 22, with an excess of 478 million US dollars; Cleared $84 million in encrypted multiple orders within one hour on August 23rd. The prediction market Kalshi has launched spot Bitcoin perpetual futures approved by the US Commodity Futures Trading Commission (CFTC), with a trading volume of $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers regulated domestic perpetual contract trading to US institutions. Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk cryptocurrency products for retail investors, and no additional investor protection was established when approved by the CFTC. According to the analysis account Qmo, there are a large number of Bitcoin multi order clearing pools in the range of 62000 to 67000 US dollars; Trader Money Bunny revealed that the liquidation amount of short positions reached $2.7 billion to $3.5 billion within 24 hours. （Forbes Digital Assets）

WTF Academy founder 0xAA communicated with Barry Silbert during the Yzi Labs Bhutan event, and Barry Silbert stated that US stock trading may soon shift to 24/7 trading, expected to be achieved within 5 years. Barry Silbert believes that if competition pressure on platforms such as Hyperliquid increases, processes may accelerate. When it comes to tokenized stocks, Barry Silbert believes that the attractiveness of tokenized stocks may decrease after the implementation of 7 × 24-hour trading in US stocks. In addition, Barry Silbert stated that Memecoin is essentially gambling and that ZEC is based on BTC and has stronger privacy attributes, with a long-term market value expected to reach one tenth of BTC, or $8000.