Relay raises $17 million in Series B funding, led by Archetype
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Interoperability infrastructure Relay has completed a $17 million Series B funding round, led by Archetype and USV. The official announcement is that they will launch Relay Chain, an infrastructure for instant cross chain settlement.
UBS has adjusted its forecast for the Federal Reserve's interest rate hike cycle, expecting the third hike to be in March 2027. The previous forecast was that the rate hike cycle would end in December.
Hyperliquid founder Jeff Yan stated that regulatory obligations should be borne by financial companies operating markets on the Hyperliquid blockchain, rather than the blockchain itself. This distinction enables Hyperliquid to expand its business to Wall Street without bearing the full compliance burden of traditional exchanges. (Source: Bloomberg)
Hyperliquid founder Jeff Yan expressed his hope that US regulators will consider L1 blockchain as infrastructure rather than an exchange, and shift compliance pressure to institutions operating trading markets on the chain. This scheme utilizes regulated intermediaries such as Bitnomial and Kraken to enable domestic users in the United States to access perpetual contracts without the need for complete exchange registration. The offshore structure of the agreement faces opposition from Congress and the CFTC. (Source: Bloomberg)
Michael Sellers stated that Strategy intends to make investors accept the sale of Bitcoin as part of its financial strategy. When Strategy initially sold 32 bitcoins, the market overreacted, and subsequently the market digested the sale of thousands of bitcoins without any negative impact on the price. Michael Thaler stated that when it is in the interests of shareholders and credit investors, Strategy must be able to buy and sell Bitcoin. (Source: Bitcoin News)
