Hyperliquid (HYPE) surged nearly 10% to above $63, driven by a $1.16 billion buyback program funded by trading fees and growing ETF inflows. This pushed its market cap over $15 billion and ranked it 11th globally, fueling speculation it could surpass Binance Coin (BNB) as the leading crypto token. Analysts highlight Hyperliquid's strong buyback mechanism and institutional interest as key factors, while noting its decentralized exchange trading volume now rivals major centralized platforms. The sustained buybacks and ETF demand underpin optimism about Hyperliquid's long-term growth and potential to challenge Binance's dominance.
Hyperliquid's HYPE token surged to all-time highs, trading around $63 with a 44% weekly gain, driven by an aggressive $1.16 billion buyback program and the launch of spot ETFs in the US. The non-custodial exchange reinvests 99% of transaction fees to...
The global cryptocurrency market rebounded after US President Trump's announcement of a largely negotiated peace deal with Iran, easing geopolitical tensions. Bitcoin surged above $75,000, driving the market's bullish momentum, while altcoins outperf...
Bitcoin remained range-bound last week, with cautious profit-taking due to rising US inflation data. Despite this, corporate holder Strategy added nearly 25,000 BTC, and Bitcoin pushed toward $78,200, supported by positive US fintech developments inc...
Hyperliquid launched its HIP-4 upgrade on May 2, introducing native binary outcome contracts to its existing perpetuals exchange infrastructure. Within two weeks, it matched Polymarket's Bitcoin binary trading volume by leveraging its centralized lim...
XRP is struggling near the $1 mark despite $116.74 million inflows into U.S. spot ETFs, with a potential drop to $1.05 unless a U.S. Senate vote on the CLARITY Act reverses the trend. Bitcoin, despite $1.26 billion in weekly ETF outflows, has held su...
