Impossible Quest Season 1 Concludes with USDT Rewards Distribution

Key developments in the crypto space this week: - **Hyperliquid** introduces new DeFi model where protocols earn directly from trading fees, shifting focus from token speculation to sustainable revenue - Crypto funds pivot to quality assets amid losses, with major players like Maven 11 focusing on Bitcoin, Ethereum, and established DeFi protocols - **DeFi Platforms Evolution**: Protocols like Uniswap v4 and Fluid DEX transform into developer platforms, similar to app stores, enabling new revenue streams - Critical analysis suggests crypto's revolutionary vision may be diluting due to focus on infrastructure over monetary innovation - Business Development in crypto showing signs of maturation, moving toward structured approaches and measurable metrics *Follow the latest developments at [The Block](https://www.theblock.co)*

The distribution of ATH rewards is currently pending, with no specific timeline provided. The team acknowledges community inquiries and confirms they will make a new announcement only after the distribution is complete. This follows a previous delay of the 4th $AFT airdrop from October 2024, which was rescheduled to June 2025. - Current status: *Pending distribution* - Next update: *Will be announced post-distribution* - Previous context: *4th $AFT airdrop rescheduled to June 2025*

At a recent meetup in Kuala Lumpur, Binance CEO CZ shared insights on several key topics: - **Regulatory Approach**: Advocated for balanced crypto regulation, suggesting new specialized agencies like Dubai's IVERA - **Digital Asset Ecosystem**: Emphasized Malaysia's potential due to high internet penetration and young population - **Giggle Academy Initiative**: Announced free education platform using AI for content creation - **Trust Building**: Highlighted Binance's track record of user protection and transparency - **Future Outlook**: Advised focus on long-term utility projects over short-term gains CZ also discussed the relationship between centralized and decentralized exchanges, suggesting collaboration over competition. He addressed concerns about capital controls and emphasized the importance of creating user-friendly blockchain applications.

Hyperliquid ($HYPE) has secured its position as a top 20 cryptocurrency by market capitalization. This milestone follows a strong performance earlier this year, where the token demonstrated resilience during market downturns. Key highlights: - 13% surge in February while market declined - Reached $24.81 with $8.26B market cap - Generated $1.97M revenue in 24 hours - Monthly revenue exceeded $52M The protocol's success is attributed to: - Fair token launch approach - Strong community engagement - Consistent revenue generation Technical analysts previously projected $30 as a potential target.