Hyperliquid founder Jeff stated on Token2049 that the HIP-3 market is effective because it allows users to do things they couldn't do before, and finance should be accessible to everyone on Earth.

Whale mtAAVEbank.ETH sold over 138000 LINK worth $1.9 million 6 hours ago, at a BTC price of $84000. The whale sold LINK to fund its 8-fold leveraged CRCL position on Hyperliquid, which had a loss of over $1.25 million at one point, and currently holds over $21 million in digital assets, with over 10% of the funds coming from Aave loans.

The CFTC Chairman stated that under the proposed rules, only cryptocurrency exchanges regulated at the federal level are allowed to offer leveraged trading. Lawyer Michael Selig stated that states are only allowed to engage in currency transmission business, and the commonly used 100x leverage in offshore markets has never been allowed in the United States and will not be an exception in the future.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, stated that under the proposed rules, only federally regulated cryptocurrency exchanges can offer leveraged trading, and states can only provide fund transfer related services. Michael Selig pointed out that the commonly used 100x leverage in offshore markets is not allowed to be provided in the United States.

CFTC Chairman Rostin Behnam stated that under the proposed rules, only federally regulated cryptocurrency trading platforms can offer leveraged trading, states can only provide currency transfer services, and 100x leverage is not allowed in the United States. (Source: CNBC)