Hyperliquid has launched its HIP-4 event contracts, marking its entry into the prediction market with 6.05 million contracts traded on the first day, capturing about 0.7% of the market share. The HYPE token is trading near $41.64, consolidating below resistance levels of $42.50 to $44.00, with mixed technical signals showing mild bullish momentum but some bearish pressure. Hyperliquid operates a layer-1 blockchain focused on high-frequency trading, offering perpetual futures, spot trading, lending, and borrowing, with part of trading fees used to buy back and burn HYPE tokens, linking exchange activity to token value. The launch adds a new product to Hyperliquid's ecosystem and positions it as a notable player in the prediction market space.
Hyperliquid's token price fell from a peak of $64 to below $60 after some large investors (whales) sold off their holdings, locking in profits. One whale sold 123,127 HYPE for $7.5 million, signaling caution about further price gains. Despite this, o...
Bitcoin is trading just above the $75,000 support level after failing to break $78,000, staying below the $76,000 mark that would signal a new bull market according to analyst Tom Lee. Ether also faces resistance near $2,150 and is retreating toward ...
Spot HYPE ETFs absorbed 1.04% of their market cap in the first 10 days, surpassing Bitcoin's 0.59% and Ethereum's 0.41%. This marks the strongest debut for any spot crypto ETF to date, reflecting strong investor demand. Meanwhile, Hyperliquid's proto...
Bitcoin dropped to $75,498 during Asian trading, diverging from the global stock market's record highs. Major cryptocurrencies like XRP, Ethereum, and Solana fell nearly 1%, while Zcash saw a sharp 9% decline. Bitcoin is near its 50-day moving averag...
Bitcoin traded at $75,856 after a slight 1.01% decline, with on-chain data showing cautious whale wallet behavior and balanced exchange flows, indicating no strong buying or selling pressure. Miner activity remains steady, and the price pullback sugg...
