The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...
From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...
When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
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Breaking News: Ika Secures $21 Million in Funding, Valued at $250 Million! Sui Ecosystem’s Dark Horse Gains Massive Momentum!
Support NFT
Breaking News: Ika Secures $21 Million in Funding, Valued at $250 Million! Sui Ecosystem’s Dark Horse Gains Massive Momentum!
The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...
From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...
When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
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Latest Updates on Ika
On April 28, Ika announced a total funding round exceeding $21 million, with the SUI Foundation joining as a strategic supporter. Its sub-second MPC network is set to launch soon on Sui Network!
Introduction to Ika
Ika (formerly dWallet Network) is a parallel MPC network offering sub-second latency, scalability up to 10,000 TPS, support for hundreds of nodes, and zero-trust security. Positioned as the go-to solution for interoperability, decentralized custody, and chain abstraction, Ika aims to revolutionize digital security and multi-chain DeFi.
Ika’s Technical Architecture
By combining an innovative dual-node secure computation (2PC-MPC) cryptographic scheme with Sui’s Mysticeti consensus mechanism, Ika has overcome key technical bottlenecks in current multi-party computation (MPC) networks, delivering groundbreaking performance:
Unmatched Processing Power: Significantly outperforms existing solutions in interactive processing capabilities.
Instant Response Speed: Reduces traditional network wait times from over 30 seconds to millisecond-level latency, enabling real-time cross-chain interactions.
Elastic Scalability: Supports hundreds to thousands of signing nodes (vs. traditional 4-8 node limits), balancing efficiency with a more decentralized network.
Comprehensive Security: Advanced architecture ensures robust protection even under adversarial conditions.
Ika Core Team
Omer Sadika: Co-founder of Odsy Network, Founder & CEO of dWallet Labs, and alumnus of Y Combinator (2016).
David Lachmish: Co-founder of Odsy Network, Co-founder & Product Lead of dWallet Labs.
Ika Funding Milestones
August 18, 2022: Raised $5 million in a seed round.
May 11, 2023: Secured $7.5 million in funding.
April 28, 2025: Completed a strategic funding round (amount undisclosed) with participation from the SUI Foundation.
Ika Summary
Sui, a Layer 1 blockchain and smart contract platform, hosts Ika—a high-speed, secure computation network enabling parallel processing, millisecond-level responsiveness, elastic scalability, and end-to-end security. Leveraging Sui’s efficiency, Ika elevates ecosystem security and scalability by deeply integrating cutting-edge MPC technology with the rapid evolution of Layer 1 blockchains. Together, they redefine the future of decentralized infrastructure.
Latest Updates on Ika
On April 28, Ika announced a total funding round exceeding $21 million, with the SUI Foundation joining as a strategic supporter. Its sub-second MPC network is set to launch soon on Sui Network!
Introduction to Ika
Ika (formerly dWallet Network) is a parallel MPC network offering sub-second latency, scalability up to 10,000 TPS, support for hundreds of nodes, and zero-trust security. Positioned as the go-to solution for interoperability, decentralized custody, and chain abstraction, Ika aims to revolutionize digital security and multi-chain DeFi.
Ika’s Technical Architecture
By combining an innovative dual-node secure computation (2PC-MPC) cryptographic scheme with Sui’s Mysticeti consensus mechanism, Ika has overcome key technical bottlenecks in current multi-party computation (MPC) networks, delivering groundbreaking performance:
Unmatched Processing Power: Significantly outperforms existing solutions in interactive processing capabilities.
Instant Response Speed: Reduces traditional network wait times from over 30 seconds to millisecond-level latency, enabling real-time cross-chain interactions.
Elastic Scalability: Supports hundreds to thousands of signing nodes (vs. traditional 4-8 node limits), balancing efficiency with a more decentralized network.
Comprehensive Security: Advanced architecture ensures robust protection even under adversarial conditions.
Ika Core Team
Omer Sadika: Co-founder of Odsy Network, Founder & CEO of dWallet Labs, and alumnus of Y Combinator (2016).
David Lachmish: Co-founder of Odsy Network, Co-founder & Product Lead of dWallet Labs.
Ika Funding Milestones
August 18, 2022: Raised $5 million in a seed round.
May 11, 2023: Secured $7.5 million in funding.
April 28, 2025: Completed a strategic funding round (amount undisclosed) with participation from the SUI Foundation.
Ika Summary
Sui, a Layer 1 blockchain and smart contract platform, hosts Ika—a high-speed, secure computation network enabling parallel processing, millisecond-level responsiveness, elastic scalability, and end-to-end security. Leveraging Sui’s efficiency, Ika elevates ecosystem security and scalability by deeply integrating cutting-edge MPC technology with the rapid evolution of Layer 1 blockchains. Together, they redefine the future of decentralized infrastructure.
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