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12min chapter
ROLLUP: Stablecoin Surge | Hyperliquid Drama | Tornado Cash Freed | Robinhood Banking
Bankless
The Centralization Dilemma: Binance vs. Hyperliquid
This chapter explores the friction between Binance and Hyperliquid, emphasizing the blurred lines between decentralization and centralization in Hyperliquid's operations. It highlights concerns related to market manipulation, the questionable use of insurance funds tied to native tokens, and the regulatory challenges faced by decentralized exchanges. The discussion draws parallels to historical financial failures, urging caution as Hyperliquid navigates its development in a complex financial landscape.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode