Hyperliquid (HYPE) has shown resilience by climbing over 6.5% in less than 48 hours despite significant unstaking and profit-taking by large holders like Galaxy Digital and Loracle. This unusual strength amid selling pressure is driven by growing traditional finance (TradFi) interest from firms such as Bitwise Asset Management and Grayscale Investments, which view HYPE as fundamentally strong rather than speculative. The asset's ability to sustain its rally and reclaim its $63 all-time high suggests potential for further expansion in Q2, supported by institutional backing and ETF-related demand.
Grayscale has submitted a fourth amendment for its proposed Hyperliquid ETF, HYPG, including a potential $113 million seed capital arrangement involving about 2 million HYPE tokens. This move signals progress toward launching the ETF despite Grayscal...
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...
BlackRock's iShares Bitcoin Trust experienced a significant $528 million outflow in one day, its second-largest since launch, even as Bitcoin remained above $73,000. Despite this, the ETF has seen strong cumulative inflows of about $64 billion and re...
Bitcoin hovered around $73,000 despite a 6% weekly drop, as institutional investors focus on upcoming US cryptocurrency regulations rather than positive global market trends. Other major cryptocurrencies like Ethereum, Solana, XRP, and Dogecoin also ...
Bitcoin and major cryptocurrencies fell 5-7% over the past week even as global stock indexes hit record highs and oil prices dropped due to a tentative US-Iran ceasefire extension. The ceasefire news pressured oil but failed to boost crypto, as insti...
