9 January 2025
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HyperLiquid Addresses Decentralization Concerns Following Recent Criticism
Summary of Key Crypto News
- HyperLiquid Centralization Concerns: HyperLiquid faces criticism for being overly centralized. Issues include a closed-source codebase and a concentrated token supply, leading to calls for better transparency and a fair validator selection process.
- StarkWare Appchains Launch: StarkWare introduced appchains on Starknet, allowing developers to build custom blockchains using its new "SN Stack."
- Arbitrum and Lotte Group Partnership: Arbitrum plans to provide blockchain infrastructure for Lotte Group's metaverse gaming platform "Caliverse."
- Avalanche9000 Upgrade: Avalanche activated its Avalanche9000 upgrade, enhancing transaction efficiency and attracting developers to create customized blockchains.
- Do Kwon Trial Scheduled: Terraform Labs co-founder Do Kwon’s criminal trial is set for January 2026, with significant data challenges expected during the discovery phase.
- Pyth Network and Revolut Collaboration: Pyth Network partners with Revolut to integrate over 500 market data feeds into decentralized finance.
- AI Tokens Underperform: AI-related cryptocurrencies are not meeting 2024 performance expectations despite bullish sentiment from Nvidia's recent conference.
- Sovereign Interest in Bitcoin: Increased purchases of Bitcoin by nation-states and central banks anticipated, alongside public companies exploring bitcoin treasury strategies.