HYPE, the native token of the Hyperliquid decentralized exchange, has overtaken Dogecoin in market capitalization, entering the top 10 cryptocurrencies globally. This shift reflects HYPE's price growth and institutional interest, including the launch of a Hyperliquid ETF by Bitwise Asset Management, which broadens investor access. The rise of HYPE signals growing recognition of decentralized derivatives platforms as valuable crypto assets, contrasting with Dogecoin's lack of new developments and declining market cap. Investors will watch trading volumes and ETF inflows to see if HYPE can maintain its position amid volatile market conditions.
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
The Hyperliquid HYPE token surged past $67, reaching a market capitalization over $14 billion, driven by increased trading activity and ongoing token buybacks. The platform's daily trading volume recently exceeded that of BNB, highlighting growing us...
Hyperliquid's HYPE token surged to a new all-time high near $70 on May 31, gaining over 67% in May. The rally is supported by $100 million in ETF inflows and a unique buyback model funded by trading fees, which links token demand to platform activity...
XRP has established a strong support level at $1.34, sustained by four weeks of continuous ETF inflows, suggesting potential upside targets at $1.37 and $1.40. Meanwhile, Bitcoin broke below a critical support zone, signaling a bearish trend with sig...
BNB unexpectedly broke above $700 with a nearly 200% spike in trading volume, triggering a short squeeze that liquidated over $9 million in shorts within 24 hours. This rally was sparked by the launch of VanEck's first BNB-linked ETF in the US, which...
