Hyperliquid's token price climbed above $60 following a surge in futures open interest to $2.56 billion, surpassing XRP. This rise is driven by growing speculation around SpaceX's upcoming public market debut, with traders using Hyperliquid's synthetic SPCX perpetual market for exposure. The platform's strong trading volume, buyback model, and integration with USDC further support demand for HYPE. Technical indicators suggest a potential retest of the $75-$78 resistance zone, signaling bullish momentum ahead of the SpaceX IPO.
A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. ...
Kalshi has introduced perpetual futures contracts for Hyperliquid (HYPE) in the US following clearance from the Commodity Futures Trading Commission (CFTC). These contracts have no expiration and feature zero trading fees during an introductory perio...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin and the broader cryptocurrency market rose after signs of easing tensions between the US and Iran improved investor sentiment. Bitcoin climbed 1.6% to $63,550, recovering from a dip below $60,000 earlier in the week. The potential de-escalati...
Kalshi has launched Hyperliquid (HYPE) perpetual futures trading in the US after receiving approval from the Commodity Futures Trading Commission (CFTC). This new product allows traders to hold positions indefinitely without expiration, under a regul...
