Welcome to your Good Friday edition of the daybook. With markets on a shortened schedule for the Easter holiday, todays update is shortened as well. CoinDesk's Crypto Daybook Americas will be back to… [+8183 chars]

CoinDesk

Crypto Daybook Americas: Trump’s Fed Outburst Fails to Jolt Bitcoin

Just two months ago, the total value of funds locked (TVL) on HyperLiquid, a decentralized derivatives exchange (DEX) that allows traders to generate returns by staking to a shared vault, sat at a re… [+3240 chars]

Users fled the DEX and TVL has dropped to $150 million from $540 million in the past month.

How the Hype for HyperLiquid's Vault Evaporated on Concerns Over Centralization

A trading battle waged by a $JELLYJELLY whale revealed weaknesses in decentralized exchange Hyperliquid, which made the "centralized" decision to forcibly closely positions and delist $JELLYJELLY tok… [+111 chars]

A trading battle waged by a $JELLYJELLY whale revealed weaknesses in decentralized exchange Hyperliquid, which made the "centralized" decision to forcibly...

Is Hyperliquid Centralized?

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller.
In this issue:
<ul><li>Ethereums Final Pectra Test Goes Live</… [+6709 chars]

Also: Hyperliquid Eases Token Transfers for DeFi With Integration Between HyperCore and HyperEVM; Celo Migration to Layer-2 Network Is Done, Bringing in New Era for the Blockchain; Bitcoin DeFi Expansion Faces Fork Dilemma as Developers Explore ZK Proofs

The Protocol: Ethereum’s Final Pectra Test Goes Live

whichHyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token. … [+1906 chars]

HyperLiquid ended the dispute by delisting JELLY and forcibly closing all positions.

HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle

The decentralized finance (DeFi) sector is among the biggest drivers of value accrual and revenue creation for crypto projects, but its complexity often leaves users tangled in a web of blockchains, … [+3151 chars]

Moving assets between blockchains or within their layer 2 services isn’t always seamless, but Hyperliquid’s update makes the process easy for users and developers.

Hyperliquid Eases Token Transfers for DeFi With Integration Between HyperCore and HyperEVM

A mysterious crypto trader that made millions trading derivatives this year has been identified as William Parker, a convicted fraudster, according to blockchain sleuth ZachXBT.
Parker made $6.8 mil… [+1739 chars]

Crypto Whale Who Made Millions on Leverage Trading Is a Convicted Fraudster: ZachXBT