Odd Lots

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

  1. 7 hr ago

    Jeff Yan's Plan to Bring the Entire Financial Industry Onto Hyperliquid

    Traders and market watchers around the world started talking about a crypto platform called Hyperliquid earlier this year, when speculators used markets built on top of it to trade crude oil after war broke out in Iran. What Hyperliquid allowed for was a 24/7 market on the blockchain. Then in August, President Trump said the CFTC was working on bringing “Hyperliquid into the United States in a fully compliant and legal fashion.” Hyperliquid currently operates outside the US, but that hasn't stopped it from growing prodigiously in the last year. Jeff Yan, CEO and co-founder of Hyperliquid Labs, joins us today to explain how exactly the platform works: He walks us through the protocol he and his co-founders built, the ecology of actors and assets that are tied to Hyperliquid (like the platform's cryptocurrency HYPE), how perps are bought and sold on the platform, he explains what a blockchain oracle is, and he discusses what has to happen for Hyperliquid to start operating in the US. Read more: Strategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000 A $90 Million Spyware Hack Sparks Review of Crypto Wallet Sales Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.

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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

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