HYPE, the native token of the decentralized derivatives platform Hyperliquid, has overtaken Ethereum (ETH) in open interest on HyperliquidX, its own exchange. This milestone highlights the platform's rapid growth and increasing trader interest, with HYPE's open interest nearing $1.09 billion compared to ETH's $1.15 billion. The trend reflects a shift as traders bet on Hyperliquid's future rather than just general assets like ETH. With 343 trading pairs and expansion into commodities, Hyperliquid is positioning itself as a major competitor to centralized exchanges, though the high leveraged exposure to HYPE also introduces systemic risks if the token's price falls.
Hyperion DeFi plans to deploy 500,000 HYPE tokens on Hyperliquid’s HIP-3 platform to support institutional perpetual markets. This move aims to increase liquidity and attract more institutional investors, potentially driving Hyperliquid's price highe...
Crypto markets gained momentum following the release of CPI data showing a 2.7% year-over-year increase, which aligned with forecasts and raised expectations of a Federal Reserve rate cut. Concurrently, the SEC held discussions with Hyperliquid, a de...
Bitcoin ETFs have experienced significant outflows totaling over $8.2 billion, while Hyperliquid, a decentralized derivatives exchange launched in 2024, has attracted $172 million in inflows into its HYPE spot ETFs since mid-May 2026. The HYPE token ...
The SYN token from the AI-linked Synapse project has dropped more than 55% since late June, erasing gains made after BitMex co-founder Arthur Hayes endorsed it and bought 6.16 million tokens at about $0.357 each. Hayes' investment is now about 28% un...
Recent whale wallet activity shows a shift toward accumulating Bitcoin rather than selling, supported by a 3.25% price increase to $64,514 and Ethereum's 5.04% gain. Reduced outflows from exchanges and steady miner behavior indicate holders are movin...
