Digital Currency
Add as a preferred source on GoogleHe argued that rivals can pressure a venue’s earnings when users can move easily between on-chain services, citing Hyperliquid as one example.
For crypto trading venues, the question is whether earnings can last: Qiao Wang, co-founder of The Alliance, said competition makes a 20x P/E hard to justify.
Wang made the remarks Sept. 15, 2026. He cited Hyperliquid as one example of a venue facing competitive pressure and said the same concern extended across the sector.
He also said a 5x multiple was high, tying his view to whether earnings could persist.
The swaps cover more than 100 traditional-asset markets. Clients may use Ripple USD (RLUSD) as collateral where it is available.
At $0.3365 apiece, the tokens were valued at roughly $50,000, or about 0.02% of post-purchase holdings; The Boss's weekly chart analysis treated a move above the channel's median line as a possible momentum signal.
Bitcoin maintained its position above $81,000 on Saturday, October 17, as investors weighed fluctuating U.S. spot Bitcoin ETF flows, institutional demand concerns, and expectations of further Federal Reserve interest rat…
