According to @KookCapitalLLC, Paxos needs to win the USDH vote and a victory would be a massive symbolic win that could turbo-charge USDH distribution efforts. Source: @KookCapitalLLC on X, Sep 12, 2025. The post calls for shifting control from a Hyperliquid OG cabal toward native markets, framing a Paxos win as bullish for USDH adoption and liquidity. Source: @KookCapitalLLC on X, Sep 12, 2025. For trading, the immediate catalyst is the USDH vote outcome; traders can monitor USDH market depth, volumes, and spreads across venues tied to Hyperliquid and native markets to gauge distribution momentum if Paxos prevails. Source: @KookCapitalLLC on X, Sep 12, 2025.