Bitcoin remains stable near $64,000, showing little movement, while Hyperliquid's HYPE token and Monero gain significant attention. HYPE trades between $55 and $57 with strong market cap and volume, despite a pullback from its June peak. Monero's price surge near $400 is driven by a large leveraged bet on Hyperliquid's decentralized futures platform, which supports up to 5x leverage without spot trading. Hyperliquid's unique Layer-1 blockchain and new HyperEVM features are expanding its capabilities, attracting traders amid Bitcoin's quiet consolidation. This trend highlights growing interest in decentralized perpetual futures trading beyond Bitcoin.
Multicoin Capital and Bitwise have recently deposited large amounts of Hyperliquid (HYPE) tokens into CoinbasePrime, suggesting potential selling activity by institutions. Multicoin Capital deposited over 333,000 HYPE worth $26.73 million, while Bitw...
Abraxas Capital, a major crypto investment firm, has taken over $980 million in short positions on Hyperliquid, indicating expectations of a price decline for the decentralized futures exchange. This strategy involves complex hedging, including spot ...
Hyperliquid has grown rapidly to become the third-largest crypto exchange by open interest, surpassing $11 billion. This marks it as a significant competitor to Binance in the perpetual futures market and a key player in the on-chain derivatives spac...
After a strong August, Bitcoin Spot ETFs faced $462.73 million in outflows from September 8-11, coinciding with Bitcoin's price dropping from about $79K to $77.3K. Major outflows came from Grayscale GBTC and Ark Invest's ARKB. Conversely, Ethereum ET...
Bitwise CIO Matt Hougan predicts Hyperliquid's market cap could reach $200 trillion within the next decade, driven by strong investor demand and institutional adoption. The cryptocurrency has already doubled its price this year, rising 205% from $39....
