🐳 Whale 0xB4d3 dumped 20,000 $ETH ($41.18M) at $2,059 in the past hour.

🇪🇺📊 Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions. Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #regulation

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