Coinbase is now the official USDC treasury deployer on Hyperliquid, a platform it competes with. Alex Weseley [@0xpampa] of @artemis ran the math on Unchained: $150M in new annual revenue for Hyperliquid, a 25% boost to its base. And he explained why Coinbase did it anyway: Timestamps: 🔵 0:00 Coinbase acquires USDH brand, and what an aligned quote asset is on Hyperliquid 📈 3:42 Why Hype jumped 10% and what's in it for Coinbase 💙 8:51 Coinbase: Get 20% off the first year of your Coinbase One annual plan at ⚖️ 10:52 Coinbase increases its staked Hype position: why is it aligning with a no-KYC competitor? 🤖 14:00 The two reasons why Alex projects that Coinbase could be a $300B company by 2031 📜 22:11 CLARITY Act: activity-based stablecoin yield compromise and what it means for Coinbase 💔 26:25 Is the Circle–Coinbase marriage heading for divorce? 🌊 30:22 After recent successes, where does Hyperliquid go from here?