The HYPE token from Hyperliquid has bounced back from its three-day moving average support, currently trading at $55.39 with a 1.5% gain. A major whale purchased $7.29 million worth of HYPE on Coinbase, signaling strong institutional confidence. Meanwhile, the new xStocks platform launched on Hyperliquid, offering tokenized stocks and ETFs with 24/7 trading. The platform also burned $1.07 million in HYPE tokens in 24 hours, continuing a sustained token burn that now totals 47.62 million tokens, or 4.76% of the max supply. The next price move depends on maintaining support and breaking resistance toward $57.
Hyperliquid, a decentralized exchange focused on perpetual futures, is lobbying to allow U.S.-regulated firms to offer its no-expiry derivatives on their blockchain. This follows new Commodity Futures Trading Commission (CFTC) rules that have opened ...
A major Hyperliquid whale sold 923,743 HYPE tokens worth $53.02 million, adding to previous sales totaling 1.95 million HYPE worth about $110.46 million. Despite this heavy selling, HYPE showed signs of bullish momentum with technical indicators sugg...
A cryptocurrency investor lost about $550,000 in USDC after falling victim to a phishing scam using a fraudulent Google search ad for Hyperliquid. The scam redirected the user to a fake website mimicking Hyperliquid, compromising sensitive informatio...
Hyperliquid reported a 250% increase in net income for Q2, reaching $30.95 million, alongside a 175% rise in adjusted EBITDA to $53.65 million. This strong financial performance supports a bullish trend in the HYPE token, which is also seeing increas...
Hyperliquid allows external market builders to keep half of trading fees through its HIP-3 system, but Kain Warwick, founder of Synthetix, calls this 50% split "a bit crazy" and predicts it will be reduced. Despite growing volumes, Hyperliquid's reve...
