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
Block reward halving event
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
Improves data availability sampling efficiency
Team and early investor shares released
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
92 million ARB released
Bitcoin Season
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