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ghanamma107d ago

South Africa central bank to redraft risk scenarios as Iran war boosts oil price

LONDON, March 6 (Reuters) – South Africa’s central bank will redraft its risk scenarios for its next rate-setting policy meeting as the widening Middle East conflict pushes up oil prices, the country’s central bank governor told Reuters. The central bank is scheduled to decide on March 26 on interest rates after keeping its main lending [...]The post South Africa central bank to redraft risk scenarios as Iran war boosts oil price appeared first on Ghanamma.com.

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Apollo Crypto Explains Why Hyperliquid Is Its Top Altcoin Holding
newsbtc107d ago

Apollo Crypto Explains Why Hyperliquid Is Its Top Altcoin Holding

Apollo Crypto has made Hyperliquid its largest altcoin position, with head of research Pratik Kala arguing that the protocol stands apart not only because of its product-market fit, but because its token design and expanding market structure give traders something few crypto venues currently offer: usable, revenue-linked infrastructure. In comments shared via X, Kala described Hyperliquid in unusually direct terms. “Hyperliquid is our biggest altcoin position in the fund. Why? Because it is phenomenal. The product works,” he said. For Apollo, the case appears to rest on two pillars: the exchange’s traction as a trading venue, and a token model Kala framed as cleaner and more transparent than much of the industry’s recent experimentation. He contrasted Hyperliquid’s buyback structure with the more convoluted token systems that defined earlier market cycles. “The tokenomics is refreshing. It uses 97 to 99%, depending on how you want to calculate it, of all the revenues to buy back its token in a very transparent manner. No governance mumbo-jumbo. No, you know, a token feeding into some other token and some dynamic inflation, burning, minting stuff that has destroyed many people’s capital and brains, to be frank, over the last few years.” Related Reading: Next “Binance Killer”? Hyperliquid Now Dominates DeFi Derivatives, New Report Shows That framing is central to Apollo’s thesis. Kala’s argument is not simply that Hyperliquid has momentum, but that it has paired a working product with a token accrual model that traders can actually follow. In a sector where valuation stories often hinge on future governance or vague utility, he presented Hyperliquid as comparatively straightforward: trading activity generates revenue, and that revenue feeds token buybacks. He also pointed to adoption trends. According to Kala, “a lot of the volumes are going there,” while market makers and funds are increasingly using the platform. He argued that Hyperliquid has been superior “in many, many ways,” particularly in how it handles new listings, pre-markets and other product extensions. A major part of the bullish case, though, is HIP-3, which Kala said is already opening up tradable opportunities outside the usual crypto schedule. He described a weekend trade tied to news that OpenAI had secured a contract after Anthropic would not allow its AI technology to be used by the Department of Defense. Because the development broke while traditional markets were closed, Kala said most market participants were effectively stuck on the sidelines. “Personally, I made 50%. How? Because HIP3, OpenAI, Anthropic were both trading on HIP3,” he said. “Liquidity is not fantastic, but OpenAI went up 50% on the weekend. Anthropic was static, could have expected that you could have taken a spread trade where you can short Anthropic and long open AI. Do it on HIP3, you can make money, you can generate alpha.” That example gets to the broader point Apollo is making. HIP-3 is not being pitched merely as another product vertical, but as a venue where traders can express event-driven views in assets that are normally inaccessible when news breaks. Kala said the market now includes private-market trading as well as listed equities and commodities such as oil, gold and silver on weekends. Related Reading: Hyperliquid (HYPE) Eyes Native Token Issuance With Latest Upgrade Plan He offered one data point to show early traction: during a recent silver mania, HIP-3 briefly accounted for 1% to 2% of global silver volumes, despite having launched only around a month to six weeks earlier. For Kala, that signals not retail novelty but serious engagement from hedge funds, sophisticated investors and active portfolio managers looking for round-the-clock execution. He added that HIP-3 revenues are split 50-50 between deployed markets and Hyperliquid, with Hyperliquid’s share feeding back into HYPE buybacks. From Apollo’s perspective, that strengthens the flywheel rather than diluting it. Kala also flagged what could come next. He said HIP-4, focused on prediction markets and options, could push the platform further, while regulatory shifts in the US may eventually open a path for a KYC-compliant version there. Competition exists, he acknowledged, including from rival platforms such as Lighter. But in Apollo’s view, Hyperliquid has already done something harder than launching a new venue: it has captured trader attention, liquidity and, increasingly, loyalty. At press time, HYPE traded at $30.485. Featured image created with DALL.E, chart from TradingView.com

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Iran is muddying the waters.
platodata107d ago

Iran is muddying the waters.

Iran’s MuddyWater breaches multiple U.S. organizations. The FBI probes a breach of wiretap management systems. A China-linked threat actor targets South American telecoms. Cisco patches critical firewall flaws. CISA flags actively exploited bugs in Hikvision cameras and Rockwell industrial systems. A House committee advances the controversial KIDS online safety bill. The FBI arrests a suspect [...]

#CRYPTO
google107d ago

Here’s Why BlackRock Shares Slid To Their Lowest Point In Nearly 9 Months - Forbes

Here’s Why BlackRock Shares Slid To Their Lowest Point In Nearly 9 Months ForbesBlackRock limits redemptions at private credit fund as outflows swell Financial TimesBlackRock wrote down a second private loan to zero (BLK:NYSE) Seeking AlphaBlackRock $26 Billion Private Credit Fund Limits Withdrawals Bloomberg.comDiscover Crypto pro(@Pro_Crypto_007)'s insights Binance

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Alchemy Pay Hits 15 Money Transmitter Licenses With Delaware Win
pymnts107d ago

Alchemy Pay Hits 15 Money Transmitter Licenses With Delaware Win

Alchemy Pay, a payment gateway that connects cryptocurrency with traditional fiat currencies, announced Tuesday (March 3) that it obtained a Money Transmitter License (MTL) in Delaware. This brings to 15 the number of U.S. states in which Alchemy Pay holds Money Transmitter Licenses, the company said in a Tuesday press release. The company secured [...]The post Alchemy Pay Hits 15 Money Transmitter Licenses With Delaware Win appeared first on PYMNTS.com.

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USD/CHF Forecast: Critical Breakdown Below 50-Day SMA Sparks Bearish Momentum
bitcoinworld107d ago

USD/CHF Forecast: Critical Breakdown Below 50-Day SMA Sparks Bearish Momentum

BitcoinWorldUSD/CHF Forecast: Critical Breakdown Below 50-Day SMA Sparks Bearish MomentumThe USD/CHF currency pair faces significant technical pressure in early 2025 trading, struggling to maintain momentum above the crucial 0.7800 psychological level before diving decisively below its 50-day Simple Moving Average. This breakdown represents a notable shift in market sentiment that technical analysts monitor closely for directional clues. Market participants now assess whether this movement [...]This post USD/CHF Forecast: Critical Breakdown Below 50-Day SMA Sparks Bearish Momentum first appeared on BitcoinWorld.

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