OpenAI rolled out Codex Security on March 6, introducing an artificial 
intelligence (AI)-powered application security agent that scans Github 
repositories for vulnerabilities, just weeks after Anthropic launched its 
rival Claude Code Security tool—turning AI-driven code defense into the tech 
industry’s newest competitive battleground. OpenAI Launches Codex Security to 
Challenge Anthropic’s Claude Code Security The release […]

OpenAI’s Codex Security Debuts as AI Cybersecurity Race With Anthropic Heats Up

Susquehanna backed crypto trading firm BlockFills seeks restructuring after 
losses, frozen withdrawals, and a lawsuit from a customer.
The post Crypto trading firm BlockFills explores restructuring amid losses and 
customer lawsuit appeared first on Crypto Briefing.

Crypto trading firm BlockFills explores restructuring amid losses and customer lawsuit

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

Apollo Crypto Explains Why Hyperliquid Is Its Top Altcoin Holding

Nevin Shetty was convicted of wire fraud related to secretly moving $35 
million in funds from a Seattle startup to his own crypto platform in 2022 to 
use for DeFi investments.

Ex-CFO sentenced to two years after diverting $35M to crypto venture

Google says Anthropic AI models will remain available on Google Cloud despite 
Pentagon restrictions limiting defense use of Claude systems.
The post Google says Anthropic AI will remain available on Google Cloud 
despite Pentagon risk designation appeared first on Crypto Briefing.

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