Hyperliquid2026-10-08 11:31:00Hyperliquid’s Jeff says the endgame is hosting all finance, and options would be his next startupJeff, co-founder and CEO of Hyperliquid Labs, said Hyperliquid is not trying to replace incumbents but to build neutral infrastructure that can support every kind of financial activity. Speaking on Empire by Blockworks, he described the project’s strategy as a push to refine a small set of composable primitives rather than pile on isolated features. He pointed to the chain’s path from perpetuals into spot, portfolio margin, native lending and the HIP-3 and HIP-4 frameworks as part of that buildout. Jeff also discussed HIP-3 Star, which adds permission controls such as whitelists to market deployment. Kraken parent Payward has publicly said it wants to use that route to offer Hyperliquid to U.S. users once regulatory approval is in place. On market structure, he defended Hyperliquid’s priority fee design and on-chain order book transparency, arguing that the model internalizes the negative externalities of latency races and makes access fairer. Asked what he would build if he were not working on infrastructure, Jeff said he would likely choose options. In his view, perpetuals solve many use cases, but options and other convex payout products still have not reached the same level of adoption in crypto that they have in traditional finance. He said HIP-4 now provides a clear path for those products to be built on Hyperliquid.10
Hyperliquid2026-10-08 11:27:13Hyperliquid’s Jeff says he would build options if starting over, as the protocol aims to host all financeHyperliquid Labs co-founder and CEO Jeff said the project’s long-term goal is to build infrastructure capable of supporting every kind of financial activity, not a chain that simply piles on features. In an interview on Blockworks’ Empire podcast hosted by research analyst Shaun Da Devens, Jeff described Hyperliquid’s approach as one centered on a small set of composable primitives, with perpetuals as the starting point and spot, portfolio margin, native lending, and options-style products expanding from there. He pointed to HIP-3 as a key unlock for permissionless market creation and said HIP-3 Star adds optional controls such as whitelists without taking anything away from builders. Jeff also discussed Hyperliquid’s priority fee design, which separates read and write fees and has burned about 180,000 HYPE so far, arguing that the mechanism internalizes the negative externalities of latency races rather than rewarding privileged infrastructure. On market structure, he defended transparent onchain order books, saying public visibility improves liquidity and fairness. Asked what he would build if he were not working on infrastructure, Jeff said he would likely choose options. He argued that HIP-4 creates a clear path for convex payoff products in crypto, an area he believes still has not reached the level of development seen in traditional finance.10
Ethereum2026-10-08 06:05:55ETH Trades at $2,566.47 as Binance Shows the Deepest Buy-Side LiquidityETH was quoted at about $2,566.47, according to order-book monitoring platform Liquid24/7.xyz. The data showed Binance leading on both perpetual and spot buy-side depth. On Binance perpetuals, near-term bids stood at roughly $60.9305 million versus about $58.8757 million in asks, leaving buy orders ahead by around $2.0548 million. On Binance spot, bids were about $24.7523 million against roughly $6.3229 million in asks, a much wider buy-side gap of around $18.4294 million. Coinbase spot showed about $12.215 million in bids and $8.4449 million in asks. On OKX perpetuals, bids were around $21.3269 million and asks about $21.1065 million. Hyperliquid perpetuals showed about $11.4283 million in bids and $8.5291 million in asks. Liquid24/7.xyz said Binance’s perpetual and spot books both had visibly stronger bid depth than other venues, with Binance spot standing out in particular. The platform also noted that if a large market order hits, thinner venues such as Hyperliquid could see larger slippage on one side of the book.00
Bitcoin2026-10-08 03:37:54Analyst says Bitcoin has thicker bid support between $79,000 and $83,000Odaily reported that analyst Murphy said on X that buy-side liquidity tends to build when Bitcoin falls, as market makers skew liquidity toward bids and traders place orders at lower prices. He cited Binance spot order book data showing that the 5% depth imbalance briefly reached $80 million when Bitcoin dropped to about $83,000. Based on that $83,000 reference price, bids within the 5% depth range roughly extended down to $79,000, suggesting relatively thick buy-side support between $83,000 and $79,000. Murphy also pointed to a continued rise in the gap between Binance taker buy volume and taker sell volume, which he said shows more aggressive buying and less aggressive selling during the move. The remarks focus on order-book structure and execution flow rather than a price forecast, highlighting where buyers were concentrated as Bitcoin pulled lower.20
Bitcoin2026-10-08 04:05:33Liquid24/7 data shows BTC at $82,643 with heavier sell-side depth on Binance perpetualsBTC was quoted at about $82,643, according to order-book monitoring platform Liquid24/7.xyz, with liquidity data showing different depth profiles across major venues. On Binance perpetuals, near-price sell orders stood at about $43.795 million versus roughly $43.4685 million in buy orders, leaving sell-side depth ahead by around $326,500. Coinbase spot also showed larger sell orders than buys, at about $22.2235 million against $16.7834 million. On OKX perpetuals, sell-side depth was about $19.5759 million, compared with buy-side depth of roughly $13.6366 million. Hyperliquid perpetuals moved the other way, with buy orders at about $9.5485 million and sell orders at about $2.8662 million, a buy-side advantage of around $6.6823 million. Binance spot likewise showed more sell-side than buy-side liquidity. Overall, the snapshot pointed to more concentrated selling pressure on Binance perpetuals, while Hyperliquid showed a buy-dominant setup.10
Bitcoin2026-10-08 03:36:24Murphy says BTC sell-off has not triggered panic, with stronger bids seen between $83,000 and $79,000Bitcoin’s latest drop has been met with firmer spot demand rather than clear signs of capitulation, according to analyst Murphy. In a post cited by BlockBeats on Oct. 8, Murphy said market makers tend to shift liquidity toward the bid side when BTC falls, while traders also place orders at lower levels to catch the move. Data cited in the post showed that the 5% depth imbalance on Binance’s spot order book briefly reached $80 million when BTC fell to around $83,000. On a relative basis, that reading was higher than during the Sept. 10-16 pullback and close to levels seen during Bitcoin’s bottom consolidation phase in July. Using $83,000 as the reference point, Murphy said buy orders within the 5% depth range roughly extended down to $79,000. That suggests thicker support in the $83,000-$79,000 zone, which could reduce the risk of the price being broken quickly. At the same time, the gap between taker buy volume and taker sell volume on Binance kept rising during the decline, indicating more aggressive buying and less aggressive selling.00
Bitcoin2026-10-08 03:37:05Murphy says Binance buy-side depth stayed firm as BTC fell toward $83,000Analyst Murphy said BTC sell-offs tend to draw liquidity toward the bid side, with market makers naturally leaning buy-side and traders placing orders at lower levels to catch the move. Data cited in his post showed that the 5% depth imbalance in Binance’s spot order book briefly reached $80 million when BTC fell to around $83,000. Relative to recent trading periods, that reading was higher than during the Sept. 10-16 pullback and close to levels seen when BTC moved sideways near its July bottom. Using $83,000 as the reference price, Murphy said buy orders within the 5% depth range roughly extended down to $79,000. That suggests relatively thick support between $83,000 and $79,000, which could reduce the risk of a fast breakdown through that zone. At the same time, the gap between taker buy volume and taker sell volume on Binance kept widening during the decline, indicating more aggressive buying and less aggressive selling. Murphy said the combination points to a market that has not shown clear pessimism, with passive bids below price remaining solid while willingness to buy actively increased during the drop.00
Binance2026-10-08 02:01:41Binance ETH perpetual book shows roughly $5.05 million sell wall at $2,588Order-book data tracked by Liquid24/7.xyz showed a notable sell order on Binance’s ETH perpetual market at $2,588.00. The order totaled about 1,952.83 ETH, with a notional value of roughly $5.05 million. At the time, the level sat about 0.39% above the mid-price of around $2,578.00. The same snapshot showed near-term sell-side liquidity at about $66.584 million, compared with roughly $55.3821 million on the bid side. That left sell orders ahead by about $11.2018 million, accounting for 9.18% of total depth. The figures point to heavier nearby sell-side depth than buy-side depth in the monitored Binance ETH perpetual order book.10
