Jeff Yan: Hope to recognize L1 public chain as infrastructure rather than an exchange

Arthur Hayes purchased approximately $888000 worth of tokens through FalconX and Flowdesk, including 546600 AERO, 120000 PENDLE, and 3 million ZAMA.

The United States will release September PPI and retail sales data tonight at 20:30 (UTC+8). The market expects the overall PPI to rise by 0.6% month on month in September, and the core PPI to rise by 0.3% month on month. Bill Adams, Chief US Economist at Fifth Third Commercial Bank, believes that strong PPI data increases the likelihood of the Federal Reserve raising interest rates in October. The rise in energy costs is positively transmitted to the enterprise side, and investors are concerned about the impact of data on the Federal Reserve's interest rate hike pricing and market conditions.

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)