Hyperliquid's HYPE token recently climbed above Solana's price, reaching a record high near $75.4 while Solana fell to its lowest since late 2023. Despite a broader market downturn affecting major cryptocurrencies like Bitcoin and Ethereum, HYPE gained about 24% over the past month, contrasting with Solana's nearly 14% drop. Hyperliquid also expanded its presence in the derivatives market, capturing a record 6.63% share of global perpetual futures volume in May and attracting institutional interest with new investment products. Analysts see HYPE entering a price discovery phase with a potential target of $100 if bullish momentum continues.
U.S. spot bitcoin ETFs have experienced 13 consecutive days of outflows, shedding $4.37 billion since mid-May, with total assets dropping from $104.29 billion to $82.83 billion. Ether, Solana, and XRP ETFs have also joined the outflow trend, reversin...
Hyperliquid's HYPE token has overtaken Solana (SOL) in price amid Solana's drop to its lowest level since 2023. This price change reflects a shift in market sentiment, with HYPE gaining momentum while Solana faces challenges. Market watchers see the ...
Macro analyst Alex Krüger labeled most cryptocurrencies as a 'failed asset class' due to poor value, founder sell-offs, meme coin losses, and rising DeFi hacks. However, he identified four exceptions worth owning, including Hyperliquid, which returns...
Grayscale introduced a Hyperliquid Staking ETF (ticker HYPG), allowing traditional investors to access Hyperliquid (HYPE) without dealing with crypto exchanges or on-chain processes. This move taps into existing institutional interest, as earlier HYP...
Grayscale introduced its Hyperliquid Staking ETF (HYPG) on Nasdaq, offering the cheapest way to invest in HYPE, the token behind a leading decentralized futures exchange. The ETF charges a 0.29% fee, undercutting competitors 21Shares and Bitwise, and...
