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Hyperliquid’s HYPE Token Soars Past $1.6 Billion in Market Cap
On November 29, Hyperliquid unveiled its native token, HYPE, during a token generation event. The coin has since reached a market cap of $1.6 billion, securing 80th place in the global rankings and outpacing tokens like Jupiter, Lido DAO, and Flow.Treasure Considers Switching to ZKsync
Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal. Machiavelli in DAO Governance
Every creator of a Decentralized Autonomous Organization (DAO) must not only be a proficient manager but also a political scientist, says Miles Jennings, Chief Legal Counsel at a16z crypto. He refers to the teachings of Renaissance Italian philosopher Niccolò Machiavelli in the context of DAO management. 
Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address
Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address. The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution. Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply. Own the Doge Takes Ownership of Neiro’s Name
DAO Own the Doge has officially claimed the name Neiro—the newest addition to Atsuko Sato’s family, famous as the former owner of Kabosu, the face of the DOGE meme coin. A vote is on the horizon to determine which token will reign as the “one true NEIRO.”Could Lido DAO Members Be Held Liable?
A California court has determined that Lido DAO, the decentralized organization overseeing the liquid staking protocol Lido Finance, qualifies as a general partnership. The court dismissed arguments that the DAO is not a legal entity, as reported by Decrypt based on court filings.
AsMatch Earns Backing from Crypto Heavyweights
Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities. 
Tron DAO’s Ecosystem Development Director on Blockchain and More
Over the past year, Tron (TRX) has shown a great performance, with its price rising by 30%. We decided to find out why so we reached out to Tron and had a conversation with Tron DAO’s Ecosystem Development Director David Uhryniak. And here’s what we found out. 
What Are Investment DAOs and How Do They Work?
In the late 19th century, the first investment clubs were founded in Texas, where small communities gathered to discuss and make joint investments. Over 100 years later, this collective investment model has evolved, now finding a new home on the blockchain. 
FXS and LDO Altcoin Analysis for November 2, 2023
While BTC has experienced a slight increase over the past few days, testing the $36,000 mark, there have been no significant changes on its chart since our last analysis. Here’s an overview of the market situation for Frax Share (FXS) and Lido DAO (LDO) as of Thursday, November 2. 