Memecoin Study: Only 25 Wallets Out Of 292K Made Money + Tether's First Real Audit | Ep 560
Good now revolutionaries— Radha's Rule 611 question opened the show hot. Hyperliquid Policy Center + Duro Labs (Pyth) jointly petitioned the SEC to repeal Rule 611 — the trade-through rule that forces execution venues to route your order to the best displayed quote. Alex's clean framing: this is a pro-institution, anti-retail change. Jake Chervinsky (CEO of Hyperliquid PC) argues the rule fragmented liquidity in practice. Alex counters that the answer is fixing bad rules with amendments, not scrapping them — this administration only wants to delete. The endgame HL is protecting: tokenized…
The skinny
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