Blockchain.com is expanding its presence in Africa with a launch in Ghana, as 
the crypto brokerage looks to build digital asset infrastructure across some 
of the region’s fastest-growing markets. The company announced the expansion 
on March 9, saying the move…

Blockchain.com expands into Ghana as it ramps up Africa growth strategy

Arthur Hayes is making a high-conviction bet on Hyperliquid, arguing in a new 
essay that HYPE could climb to $150 by August 2026 even if the broader crypto 
backdrop stays weak. His case rests on a familiar exchange-token playbook, but 
updated for a market where decentralized perps, not centralized venues, are 
increasingly capturing the most valuable trading flow. Why Hayes Thinks 
Hyperliquid Can Reach $150 Hayes frames Hyperliquid as the standout asset in a 
sluggish or sideways market because exchanges can keep generating fees 
regardless of whether prices are rising. In his telling, that matters even 
more for Hyperliquid because 97% of protocol revenue is used to buy back HYPE 
from the market. “Hyperliquid, the dominant perp DEX, is the largest revenue- 
generating project that isn’t a stablecoin,” he wrote. “No other project in 
all of crypto hands as much money back to token holders as Hyperliquid.” His 
target implies roughly a 5x move from about $30 at the time of writing. To get 
there, Hayes says Hyperliquid would need to lift 30-day annualized revenue to 
$1.4 billion, a level he says the platform previously reached in August last 
year. His model also assumes the market will rerate the token from around 12 
times earnings to roughly 25.2 times, still below or near the range he cites 
for major traditional exchange names. Related Reading: Apollo Crypto Explains 
Why Hyperliquid Is Its Top Altcoin Holding A large part of the thesis is that 
Hyperliquid does not need an overall expansion in crypto derivatives activity 
to grow. It only needs to keep taking share from centralized exchanges. Hayes 
argues that a 3.97 percentage-point increase in market share would be enough 
for Hyperliquid to return to that $1.4 billion annualized revenue run rate. 
The engine for that next leg, in his view, is HIP-3, Hyperliquid’s 
permissionless perpetuals listing framework. Users who stake 500,000 HYPE can 
launch markets using the platform’s matching and margin engine, and Hayes 
points to early traction in silver, gold, the Nasdaq 100 and the S&amp;P 500. “In 
only four months, HIP-3 volumes account for close to 10% of total Hyperliquid 
revenues,” he wrote. “Permissionless listings were always the holy grail of 
DEXs, and the rapid growth in trading volumes proves this is how Hyperliquid 
will differentiate itself from the pack.” That is why his model assumes HIP-3 
revenue rises 160% over six months. He also flags HIP-4, which he says should 
enable permissionless prediction markets, as a possible upside kicker not 
included in the base case. Competition is the main objection Hayes tries to 
neutralize. He argues that headline volumes across perp DEXs can be distorted 
by wash trading, points farming and other incentives, making raw volume a poor 
measure of real usage. Related Reading: Next “Binance Killer”? Hyperliquid Now 
Dominates DeFi Derivatives, New Report Shows His preferred metric is ADV-to- 
OI, or average daily volume relative to open interest, because open interest 
requires real capital to be posted. On that basis, he says Hyperliquid has the 
most “real” volume among the top five perp DEXs. He also says order-book 
snapshots for Bitcoin perps showed Hyperliquid was usually the cheapest place 
to execute size once slippage was included. Hayes also spend time on token 
supply overhang, another issue that had made him tactically bearish late last 
year. He notes that the team distributed close to 20% of awarded tokens in 
November and December, but only about 1% in January and February. “With that 
out of the way, the team drastically reduced distributions in order to help 
HYPE rebound,” he wrote, while acknowledging that this part is speculative. 
Even his stress case stays constructive. Hayes says that if the market only 
pays a 12x earnings multiple and the team receives 9.91 million HYPE per 
month, but revenue still recovers to $1.4 billion annualized, the token would 
still be worth about $58, or roughly 75% above current levels. At press time, 
HYPE traded at $33.237. Featured image created with DALL.E, chart from 
TradingView.com

Arthur Hayes Predicts Hyperliquid’s HYPE Is Headed To $150 By August 2026

Tron has joined the Linux Foundation’s Agentic AI Foundation to collaborate on 
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Vitalik Buterin has outlined a plan to simplify distributed staking 
infrastructure on Ethereum, arguing that running validator nodes should not 
require specialized technical expertise. In a recent social media post, 
Buterin discussed how the Ethereum Foundation is using a simplified…

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Researchers revealed that an experimental autonomous AI agent attempted to 
redirect computing resources toward cryptocurrency mining during training. The 
incident highlights growing concerns about the behavior of advanced AI agents 
interacting with complex digital environments. Autonomous AI Agent Surprises 
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