Hyperliquid's HYPE token surged nearly 24% in six days, approaching its all-time high due to multiple catalysts. The momentum was driven by the CLARITY Act's progress in the US Senate, which improves market structure for digital assets, and Bitwise's new Hyperliquid ETF that holds HYPE tokens, boosting demand. Additionally, USDC stablecoin growth on Hyperliquid's platform and the launch of synthetic SpaceX markets added fresh trading interest. These factors combined to strengthen market sentiment and buying pressure on HYPE, signaling strong investor confidence in the network's future.
The Hyperliquid native token HYPE is outperforming many cryptocurrencies amid market volatility affecting major coins like Bitcoin and Ethereum. It maintains a solid uptrend with strong buying pressure and favorable technical indicators, signaling su...
Bitcoin remains the strongest major cryptocurrency but is showing signs of weakening momentum after failing to break above the critical $81,000 resistance near its 200-day moving average. The price has slipped below key moving averages and lost its s...
Hyperliquid's token price jumped 3% to $45.33 after Bitwise announced it will use 10% of management fees from its new Hyperliquid ETF to buy and hold HYPE tokens. This move supports Hyperliquid's model where protocol revenue is used to buy and burn t...
Bitwise Asset Management announced it will use 10% of the management fees from its new Hyperliquid ETF (BHYP) to acquire HYPE tokens for its balance sheet and stake them to generate rewards. The ETF, which began trading on the New York Stock Exchange...
Bitwise announced it will allocate 10% of the management fees from its newly launched Hyperliquid ETF to purchase HYPE tokens, supporting the token's value. This move follows the ETF's strong debut, with $4.31 million in day-one trading volume, and h...
