Decentralization until it is inconvenient

Besides: Robinhood wants to give you cash

GM. Today’s market feels like a fruit cocktail: a strange mixture, but we are here to make sure it is worth it.

🥊 Trader vs Hyperlichid.

🍋 News layers: Robinhood will be released DORORASH For cash, Binance Exec spills tea in its time in Nigeria + more

🍍 Market taste today

Fear returned to chat, and important crypts are sliding.

Because? Duty.

(What a surprise … as if it hadn’t been the reason for a month as a month).

Donald Trump announced a 25% of taxes on all cars and car parts that arrive in the United States.

That is a big problem since the United States imported around 8 million cars last year, for a value of approximately $ 240b, basically Half of all cars sold in the United States.

Trump says this will be excellent for the American automotive industry: more jobs, more investment …

However, experts are like, “Uhh … yes, this will probably be counterproductive.” They think that some US car factories could temporarily close, cars could become more expensive, and US business partners could be quite angry.

And it’s just the beginning – Trump plans to announce even more tariffs on April 2.

In fact, He is already throwing his hands: Trump warned that if the EU works with Canada to do economic damage to the United States, they will hit both of them with even bigger rates than has already planned.

Fun weather here by the way, Since this Perorata arrived only a few days after some analysts began to believe that the entire rate was not going to be as bad as uncertainty will end.

Kobeissi’s letter I never bought calm although ‘ – they have been warning that Things will get even more messy.

This is what they mean:

• Markets get too cold now: During the past week, there were no large rates updates, so investors began to think that the worst had ended. All that went out the window today with the announcement of the car rate ‘;

• Tariff uncertainty will not end the announcement: Barclays warns that these rates could reach up to 25 countries, and they are expected to respond with their own taxes. So, we have a possible commercial war that is coming;

• Trump is not trying to avoid pain. His idea seems to be: he suffers now, he wins later. And with inflation that is still in heat, the Fed could also roll with it.

A great disaster, basically.

But here is the fun part (a little): while the stock markets are sunk ($ 400+ billion lost only in technology this week), Bitcoin and other crypts have recovered in recent days.

And if tomorrow’s inflation report looks good, we could go even higher.

In addition, people online also feel optimistic – Santiment says For every 1 negative encryption publication, there are 18 positive.

Part of this good mood comes from the institutions that are involved in Bitcoin:

• Gamestop is investing in Bitcoin (as we mentioned yesterday);

• Bitcoin ETFs are still receiving tickets;

• And a European Bitcoin Treasury Company called Blockchain Group bought 580 more BTC.

So yes, the little showing Crypto’s strength at this time But let’s not be too comfortable. Everything could change again tomorrow in this economy.

🥝 Memecoin harvest

Imagine explaining to your accountant that your greatest victory this year comes from these:

Data at 09:00 am est.

Check out these memecoras and much more here.

Once upon a time (What’s like, now)there was Hyperlichid – A decentralized exchange in which you can bet on cryptograph One of the great children 😎).

I was having a good time on earth, until one day (yesterday) His peace was interrupted by … An evil merchant.

This is what happened:

• First, the merchant opened a $ 8 million short in a memory called Jelly – Basically, I was betting at its price.

• Then he He eliminated his margin – The money that is supposed to leave in the exchange to demonstrate that you can cover your losses – That basically He threw the trade into the hyperlycide vault (HLP hand in hand);

• Now, HLP had no choice but to keep the short – Keep it open, pay interest and run the risk of destroying if the jelly rose.

And what this difficult Ricky merchant did then?

Yes, the began Pumping gelatin – He sent its market capitalization from $ 10 million to more than $ 50 million in less than an hour.

Kachow – HLP now dropped $ 12 million on paper.

So, a second wallet entered the equation, opened a long position (Betting the price would rise)E earned $ 8.2 million.

Now, if Jelly had reached a market capitalization of $ 150 million, the entire HLP vault could have been eliminated.

So, the hyperlichid team had to make a decision:

Let the Burn protocol in the name of decentralization …

either

Enter and press the emergency button.

They chose the button.

The validators eliminated the gelatin, changed their price down and closed all open positions.

All, except suspicious wallets, were automatically reimbursed, and what could have been a $ 12 million disaster became a $ 700K gain.

As for the merchant? Put $ 7 million, took $ 6 million and still has around $ 1 million that currently cannot withdraw.

(And you may never return, depending on how it plays hyperlycide).

The moral of history:

Decentralized perps can become really crazy: a merchant can take the entire system to their limits.

The hyperlichid reacted quickly and saved the vault, but also left people asking:

How decentralized is “decentralized” when things go on the wrong way?

🍋

📦 Robinhood is cooking some new features, and one of them is cash delivery directly to his door. Yes, how to ask for a pizza.

🤨 A new survey shows that Argentines no longer trust President Javier Milei after the pound memecoin scandal. Even so, his political party, La Libertad advances, remains firm in the next elections.

📢 Cryptographic companies are asking the Congress to tell the Department of Justice to go back. They say that the way in which the Justice Department is handling the tornado cash case is well above, and could put any blockchain development at risk of charging just by building things.

⛓ The Binance executive, Tigran Gambaryan, spilled tea in his 8 -month “stay” in Nigeria. He says that the government basically sustained it hostage and used false charges to try to get some Binance.

📝 Trump could soon kill a rule that would have caused the defi protocols to be reported to IRS. The Senate has already voted to get rid of him.

🍌 Juicious memes