# Kyle Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Kyle", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Kyle Criticizes Hyperliquid Four Days After Leaving, Arthur Hayes Responds with a $100,000 Bet

In the midst of a market downturn, Hyperliquid ($HYPE) has nearly doubled in value since January, drawing both praise and criticism. Kyle Samani, the recently departed co-founder of Multicoin Capital, publicly criticized the project, calling it representative of crypto's classic problems: founders "fleeing their home country," facilitating crime, being closed-source, and permissioned. Arthur Hayes, BitMEX co-founder, responded not by addressing the criticisms but by proposing a $100,000 bet: that HYPE would outperform any large-cap crypto of Kyle’s choosing from February 10th to July 31st. Kyle did not accept the wager, aligning with his earlier, since-deleted tweet expressing that crypto is "not as interesting as many thought." The article dissects Kyle's critiques, noting that Hyperliquid's operational structure (offshore entity, U.S. user ban) is standard industry practice. It suggests his harsh tone may stem from a personal desire to distance himself from the industry post-departure, contrasting with his former firm, Multicoin, which was revealed to have built a significant $46 million position in HYPE around the time of his exit. The exchange highlights a classic crypto divide: those who have left the "table" often critique from an ethical standpoint ("should"), while those still invested argue primarily with price action ("will it pump"). The discussion quickly devolved into personal attacks about wealth and portfolio performance, underscoring how deeply entrenched financial interests are in shaping narratives within the space.

marsbit02/09 04:53

Kyle Criticizes Hyperliquid Four Days After Leaving, Arthur Hayes Responds with a $100,000 Bet

marsbit02/09 04:53

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

Kyle Samani, co-founder of Multicoin Capital, is stepping back from the firm, a move that reflects his strategic focus on pursuing asymmetric, non-consensual bets rather than managing a conventional fund. According to the author, a former Multicoin partner, Samani excelled at identifying and investing in high-conviction, contrarian theses—such as Solana’s potential as a "Nasdaq on-chain"—long before they gained mainstream acceptance. While some have questioned why Multicoin missed certain trends in the current cycle, like leading perpetual DEXs, the author explains that these areas had already become consensus plays, which did not align with Samani’s investment philosophy. His strength lay in early, non-consensus conviction. The author expresses confidence in Multicoin’s remaining team, noting their expertise in on-chain trading, AI, and regulatory strategy. Meanwhile, Samani is expected to explore new ventures, possibly in data-centric businesses. The piece concludes with a personal reflection: everyone has a unique “game” they are meant to play. For Samani, it was asymmetric investing; for the author, it’s building value-transfer protocols. The key is to focus on what one does best and play to win.

marsbit02/06 07:49

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

marsbit02/06 07:49

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