Arthur Hayes, co-founder of BitMEX, purchased about $2.2 million worth of SYN tokens to support Hypercall, an onchain options platform built on the Hyperliquid network. He views Hypercall as a potential challenger to Deribit, the dominant crypto options exchange. SYN's price surged over 10 times in June, boosting Synapse’s market cap near $60 million. Hayes’s investment and endorsement highlight growing interest in decentralized options trading, though the platform still needs to prove sustained trading volume and user adoption to compete effectively with Deribit.

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Crypto markets see mixed moves with Velvet up 235% and MemeCore down 70% amid cautious sentiment.

This week, major cryptocurrencies like Bitcoin and Ethereum remained weak due to ongoing macroeconomic uncertainty, while some low-cap altcoins saw significant gains. Velvet (VELVET) led with a 235% rally nearing its all-time high, supported by stron...

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Arthur Hayes invests $2.2M in SYN, backing Hypercall to challenge Deribit in crypto options trading.

More News (SYN)

Crypto markets see mixed moves with Velvet up 235% and MemeCore down 70% amid cautious sentiment.

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Arthur Hayes invests $2.2M in SYN, backing Hypercall to challenge Deribit in crypto options trading.

More News (SYN)

Crypto markets see mixed moves with Velvet up 235% and MemeCore down 70% amid cautious sentiment.

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

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