NEW: MAGIC EDEN TO SHUTTER BITCOIN AND EVM MARKETPLACES, SUNSET MULTI-CHAIN WALLET - PER @blockspace SOURCES SOURCE: blockspace.media/insight/mag…

What did @LucaNetz learn from the $PENGU launch that he will do differently for the upcoming @AbstractChain token launch? The @pudgypenguins token launch taught Luca a crucial lesson: loyalty matters more than speculation. Next time, with the Abstract Token, he will prioritise thoughtful distribution, rewarding those who commit early, not the ones rushing in at the last second.

Integrity has always been one of Hyperliquid's core values. The house of all finance must be credibly neutral. This means no private investors, no market maker deals, and no protocol fees to any company. The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit, going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation. This principle of fairness frustrates a few users and builders who are used to special treatment. It means that Labs has zero tolerance for team members with integrity yellow flags. It means we do things the hard way as a community. But the world deserves a financial system owned by the people, where fairness to all users is in the DNA. Nothing else is worth building.

In the process of doing a pretty hefty overhaul on the Coffee with Captain newsletter. New format will drop this Friday, which will hopefully be more engaging and digestible. Will drop the link in the comments