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Hyperliquid

All articles tagged with #hyperliquid

Bitcoin nears $80,000 as Hyperliquid steals the crypto spotlight
crypto11 days ago

Bitcoin nears $80,000 as Hyperliquid steals the crypto spotlight

Bitcoin surged to about $78,200—its highest since May and on track for near-$80k—while Hyperliquid, a decentralized perpetual futures platform, posted record activity and a roughly 195% year-to-date rise in its HYPE token, drawing substantial trading volume away from spot BTC. The rally was supported by macro factors and earlier short liquidations, and it comes amid ongoing U.S. regulatory chatter—Trump’s push for crypto framework and the CFTC’s push for clearer rules—which has boosted sentiment in the crypto space. Overall, the crypto market has gained around 25% over the past week.

Bitcoin rockets 25% as shorts squeeze and Washington leans into crypto
business11 days ago

Bitcoin rockets 25% as shorts squeeze and Washington leans into crypto

Bitcoin jumped more than 25% this week, briefly topping $79,500 as short-sellers covered and U.S. liquidity steps supported risk assets, aided by a warmer Washington stance on crypto. Ether and other digital assets rose in tandem amid regulatory signals, including an SEC proposal on crypto assets and talks around the Digital Asset Market CLARITY Act. Hyperliquid’s HYPE token surged after President Trump hinted at bringing the exchange onshore.

US greenlights bitcoin perpetual futures as Hyperliquid expands offshore
cryptocurrencies3 months ago

US greenlights bitcoin perpetual futures as Hyperliquid expands offshore

The US Commodity Futures Trading Commission approved listing of a bitcoin perpetual futures contract on registered exchanges—the first of its kind in the US—with other assets to be reviewed case by case. The move follows Hyperliquid’s rapid offshore growth, notably in oil-linked contracts spurred by the Iran war, and signals regulators’ closer scrutiny of 24/7, high‑leverage trading. It could prompt regulated rivals like Kalshi, Coinbase, and ICE to offer similar products, while concerns about leverage, price manipulation, and access for US traders persist.

Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition
cryptocurrency11 months ago

Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition

Hyperliquid launched its new stablecoin USDH backed by cash and Treasuries to strengthen its trading ecosystem, but it faces stiff competition from rival Aster, which has overtaken it in weekly trading volume. Additionally, a significant $12 billion HYPE token unlock scheduled for November has caused market turbulence, with HYPE's price showing signs of weakness and bearish momentum.

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance
cryptocurrency11 months ago

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance

Native Markets won the bid for Hyperliquid's USDH stablecoin ticker, beating competitors like Paxos and Ethena, in a significant on-chain governance vote. The launch of USDH challenges USDC's dominance, although USDC remains heavily backed with nearly $6 billion in reserves. The move has caused some market ripple effects, including a decline in Circle's stock and HYPE token prices.