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ARK Invest CEO Cathie Wood likened ”new kid on the block” Hyperliquid to early-stage Solana. “It’s exciting,” Wood said on the Master Investor podcast. ”It reminds me of Solana in the earlier days, and Solana has proven its worth and is, you know, there with the big boys.” ARK Invest Still Waiting To See How Hyperliquid Performs Hyperliquid is a decentralized exchange (DEX) that was built on its own layer-1 blockchain network. While the platform is optimized for perpetual futures and derivatives trading, it does also offer support for spot and other trading operations. The platform splits execution into two main components. Order book operations such as matching, margin, liquidations, etc. are managed on HyperCore, while HyperEVM is the platform’s smart contract and general execution layer that interacts with the exchange’s core.  In February this year, the smart contract functionality launched on the mainnet. Following thi...

ARK Invest’s Cathie Wood has shared her perspectives on the dynamic intersection of Bitcoin (BTC) and artificial intelligence (AI). Wood, CEO of ARK Invest, has shared her positive outlook on the convergence of Bitcoin and AI in a post on X (formerly Twitter). Wood sees a profound economic transformation arising from the convergence of these two innovative technologies. The convergence between Bitcoin – and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ — Cathie Wood (@CathieDWood) September 2, 2023 According to the tweet, Wood foresees a transformative change resulting from the dynamic interplay between AI, Bitcoin, and the broader web3 space.  She emphasized the numerous possibilities and favorable outcomes that these technologies could offer to various industries a...