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#TrumpTariffs the European Union works with Canada in order to do economic harm to the USA," he wrote in a Truth Social post in early Asian hours Thursday, "large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!"
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#WYSTStablecoin The WYST token will be fully backed by a combination of cash and US Treasury securities, with reserves exceeding the total number of tokens issued. This overcollateralisation model is designed to maintain price stability and instil public trust. Unlike algorithmic stablecoins that have failed in the past, WYST will hold assets that match or exceed the token supply at all times. Interest earned on these reserves will go directly to Wyoming’s school foundation fund, creating a mechanism through which stablecoin adoption could directly benefit public services in the state. The initiative is being managed by the Wyoming Stable Token Commission, formed after the passage of the Wyoming Stable Token Act in March 2023.
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#JELLYJELLYFuturesAlert There has been wide-spread criticism regarding both the response from Hyperliquid to delist JELLY, as well as how Hyperliquid’s processes and structure enabled such an event to occur in the first place. Criticism stems from reputable figures, this includes an X post by Gracy Chen, CEO of Bitget, where she compared Hyperliquid to collapsed exchange FTX:
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#FidelityStablecoin The Boston-based company, which manages more than $5 trillion in assets, is in the advanced stages of testing the coin, the Financial Times (FT) reported Wednesday (March 25), citing sources familiar with the matter. According to the report, the planned launch is part of Fidelity’s expansion into the burgeoning market for tokenized versions of US Treasuries
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#JELLYJELLYFuturesAlert Binance’s decision to introduce leveraged perpetual contracts amid these allegations has intensified scrutiny. Some analysts question the exchange’s motivations, subtly suggesting the timing could exacerbate volatility rather than stabilize market sentiment.HyperLiquid’s vaults previously suffered losses exceeding $4 million due to exploits leveraging highly aggressive trading strategies. These repeated incidents have amplified the crypto community’s demand for stricter regulatory frameworks and increased vigilance from centralized platforms facilitating derivative contracts.
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