Hyperliquid's token HYPE surged over 5% to a new all-time high above $66 following key endorsements and regulatory approval. Jeffrey Sprecher, CEO of Intercontinental Exchange, praised Hyperliquid as a leading decentralized exchange surpassing Nasdaq in impact, highlighting its continuous trading model including weekend oil markets. The U.S. Commodity Futures Trading Commission (CFTC) approved perpetual futures contracts, marking the first such product on a registered U.S. exchange and easing regulatory risks. This development could drive broader institutional adoption and pressure traditional exchanges to innovate trading hours and products globally.
Grayscale is negotiating a $115 million seed swap with Hyper Holdings Global LP to launch the Grayscale Hyperliquid Staking ETF (ticker HYPG) on Nasdaq. Unlike a plain spot ETF, this fund will stake HYPE tokens to earn rewards, reflecting a shift tow...
Hyperliquid's token HYPE has seen a price rally fueled by capital inflows from ETFs issued by Bitwise and 21Shares, with Bitwise's ETF trading $19 million daily and $100 million inflows over 10 days. Grayscale is preparing to launch a third Hyperliqu...
Cryptocurrency prices are fluctuating with Bitcoin holding around $73,281 and Ethereum near $2,000. Several altcoins such as Stellar (XLM) and Injective (INJ) have seen significant gains, rising over 10%. These mixed movements highlight ongoing volat...
Bitcoin dropped to its lowest level since early April after failing to break above $83,000, signaling a potential bear market with a pattern of lower highs since October. Despite this, US stock futures for the S&P 500 and Nasdaq 100 rose, nearing rec...
Hyperliquid's native token HYPE gained over 11% in the past day, outperforming major cryptocurrencies such as Bitcoin, Ethereum, Solana, and XRP, which showed minimal gains. Despite a general decline in derivatives trading volume for top cryptos, HYP...
