PANews reported on November 5th that, according to The Block, decentralized oracle network RedStone has launched a dedicated data oracle, HyperStone, which supports Hyperliquid's HIP-3 framework, enabling the creation of permissionless perpetual contract markets. This new infrastructure aims to provide developers building derivatives markets with a faster and more reliable price data source. HyperStone will serve as the data backbone of the HIP-3 market, allowing developers to launch perpetual contracts for virtually any asset, from cryptocurrencies to tokenized stocks and real-world data. RedStone stated that HyperStone has been running on the testnet for over 60 days, providing over 103 million data updates in the ETH, BTC, and TSLA test markets.
This launch is part of RedStone's larger-scale expansion within the Hyperliquid ecosystem. The company states that it has secured approximately 99.5% of the oracle-protected value on HyperEVM and has become the official price data provider for Hyperliquid's native stablecoin, USDH.

Investors are better off buying ETFs than buying shares in a firm that’s simply putting a crypto asset on its balance sheet, argues Bitwise’s Matt Hougan. Bitwise chief investment officer Matt Hougan says digital asset treasuries need to start taking the hard path if they want to stand out from the crowd; otherwise, investors are better off investing in crypto exchange-traded funds instead.One of the best ways to discern whether a digital asset treasury (DAT) is worth looking at is to ask the question, “Are they doing something hard?” Hougan argued in an X post on Wednesday.“Buying a crypto asset and putting it on a balance sheet today isn’t hard. It was hard at one point, but it’s not hard now. If that’s all a DAT is doing, you are better off owning an ETF. This is true even if the DAT is staking, as ETFs now stake,” he said.Read more

