The SpaceX-USDH pre-IPO perpetual contract on Hyperliquid crashed about 45% in 30 minutes, wiping out $25.27 million in leveraged positions and liquidating 2,830 users. The crash was linked to faulty oracle data related to SpaceX's recent stock split, exposing risks in synthetic pre-IPO markets with thin liquidity and reliance on external pricing feeds. Despite the crash, Hyperliquid's native token HYPE remained strong, trading near all-time highs and showing continued demand. This event highlights the volatility and risks in trading synthetic exposure to private companies before IPOs, especially when dependent on imperfect data sources.
Crypto markets gained momentum following the release of CPI data showing a 2.7% year-over-year increase, which aligned with forecasts and raised expectations of a Federal Reserve rate cut. Concurrently, the SEC held discussions with Hyperliquid, a de...
Bitcoin ETFs have experienced significant outflows totaling over $8.2 billion, while Hyperliquid, a decentralized derivatives exchange launched in 2024, has attracted $172 million in inflows into its HYPE spot ETFs since mid-May 2026. The HYPE token ...
The SYN token from the AI-linked Synapse project has dropped more than 55% since late June, erasing gains made after BitMex co-founder Arthur Hayes endorsed it and bought 6.16 million tokens at about $0.357 each. Hayes' investment is now about 28% un...
Recent whale wallet activity shows a shift toward accumulating Bitcoin rather than selling, supported by a 3.25% price increase to $64,514 and Ethereum's 5.04% gain. Reduced outflows from exchanges and steady miner behavior indicate holders are movin...
Four large investors, known as whales, have collectively bought $89,500 worth of Hyperliquid's native token $HYPE within six hours, indicating strong interest and possible coordinated optimism. This activity occurs as $HYPE trades between $63 and $68...
