Hyperliquid’s TSMC Perp: A Microcosm of Synthetic Fragility
On July 16, 2024, TSMC reported a 77% net profit surge and 36% revenue beat....
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Fear
Market Sentiment
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Block reward halving event
Block reward reduced to 3.125 BTC
92 million ARB released
Raises validator limit and account abstraction
Team and early investor shares released
Bitcoin Season
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