Arthur Hayes, co-founder of BitMEX, revealed a $2.2 million purchase of Synapse's SYN token following his endorsement of Hypercall, an options decentralized exchange (DEX) built on Hyperliquid. Hayes sees Hypercall as a strong challenger to established crypto options exchange Deribit, offering an asymmetric investment opportunity within the Hyperliquid ecosystem. The SYN token surged as much as 26% after Hayes' investment, although some profit-taking followed the rally. Hayes highlighted SYN's attractive tokenomics, including a fully diluted valuation of $81 million and no venture capital unlock overhang, which supports its growth potential. This move comes as Hayes reduced exposure to other digital assets amid broader market uncertainties.
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 opti...
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...
