Excited to release the Trade[XYZ] 2026 Q1 Report today, published under HRC in collaboration with @FourPillarsFP, @smartestxyz, and @shaundadevens. Covering Trade[XYZ] this quarter has been a privilege. The growth story is unlike anything in the perp DEX space right now, and documenting it rigorously is exactly the kind of work HRC was built for. The chart below says more than we could in a paragraph. So glad to have collaborated with such talented people as @smartestxyz and @shaundadevens on this one. We're well aware there's plenty of room to improve our reporting, and we'll keep pushing to raise the quality bar quarter after quarter, Hyperliquid and Trade[XYZ] set a high standard of excellence, and we want our coverage to reflect that. Hope you find it valuable. Hyperliquid. XYZ.

Today, we announce our $72 million Series A, co-led by @multicoin and @SignalFire. fun.xyz/news/series-a

1/ I’ve spent most of the last few weeks since the Google, Caltech papers to think about tradable implications around quantum computing and crypto specifically what happens to the market around q-day

BREAKING: WHOOP RAISES $575M AT $10.1B VALUATION  I am pleased to announce that we’ve raised $575M at a $10.1B valuation to accelerate our mission of unlocking human performance and healthspan globally. This round was led by Collaborative Fund with participation from 2PointZero Group, Qatar Investment Authority (QIA), Mubadala Investment Company, Abbott, Mayo Clinic, Macquarie Capital, Glade Brook, B-Flexion, IVP, Foundry, Accomplice, Affinity Partners, Promus Ventures, and Bullhound Capital alongside a group of individual investors including Cristiano Ronaldo, LeBron James, Rory McIlroy, Virgil van Dijk, and Mathieu van der Poel. This investor group and this moment reflect a powerful evolution underway for Whoop and the broader healthcare market. Whoop was born in performance - trusted by the best athletes in the world to train, recover, and compete at the highest level. That foundation remains core to who we are. You see that in the iconic athlete investors joining this round.  But it also represents our push into broader health.  In the past 12 months, WHOOP has received medical clearances, launched blood testing, and created a platform that has saved lives. Abbott and Mayo Clinic - two of the most respected and influential institutions in global healthcare - are now investors in Whoop. These are organizations that have shaped modern medicine. Their decision to partner with us is a clear validation of where our technology is headed. Healthcare systems around the world are reactive. For too long, they have waited for people to get sick, then intervene. Chronic disease is rising and costs continue to climb. At Whoop, we believe the future looks fundamentally different. We are building the most powerful, personal, preventive health platform in the world - powered by continuous biometric data, advanced analytics, and AI to help people understand their bodies and improve their health in real time. I am grateful to our team, our members, and our partners for believing in this vision. I’ve been building this company for 14 years and I’ve never been more excited for the future.

This daily unique traders number is extremely impressive

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Should you pay attention to the fact that folks from MIT who ran the Project Hamilton pilot for the Fed just launched a public blockchain, but rather than use a volatile native token, they used the dollar? You should probably pay attention to that, yes.

Two days between these headlines

USDT premium/discount remains a key market barometer. The ongoing USDT discount to the dollar has now lasted longer than the prolonged discount phase seen in 2022 after the Luna, 3AC, and Celsius collapses

AI chip startup Etched raised about $500 million in a new funding round, according to sources, as part of an effort to compete with Nvidia in the booming market for AI processors bloomberg.com/news/articles/…

Snowliage season in Vermont

Funding is negative for the first time since June.

The personalized health AI future we all want, and so many are rushing to build, depends on solving the blood testing bottleneck. SiPhox is a decade ahead of anyone in delivering a Nespresso experience for home testing. 🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸

The increased perception of Pendle's risk today this week's ENA unlocks make for a good environment to monitor the unwinding of looped positions

Defillama, a trusted neutral team, has consistently provided valuable transparency metrics for years, with thoughtful and open methodology. It's highly unlikely they're acting in bad faith here. Worth reading to gain insight into window-dressing techniques used to game RWA metrics.