Bitwise CIO Matt Hougan praised Hyperliquid's spot ETF (BHYP), which raised nearly $60 million since its NYSE debut, calling it the strongest single-asset crypto ETP launch since Bitcoin. He described Hyperliquid's HYPE token as a 'Gen 2' token due to its unique fee buyback model and emphasized that the platform is more a fintech application than a traditional crypto product. Hougan highlighted that non-crypto assets already make up half of Hyperliquid's trading volume and could grow to over 90%, positioning the platform to compete in the $600 trillion global asset market rather than just the $3 trillion crypto market. However, he acknowledged risks from competition and limited US investor access.
Hyperliquid (HYPE) reached a new all-time high of $67.5, briefly overtaking Dogecoin to become the ninth-largest cryptocurrency by market cap. The surge was driven by media attention, strong ETF inflows, and optimism following the US Commodity Future...
Hyperliquid, a decentralized trading platform initially focused on crypto perpetual futures, generated about $800 million in revenue in 2025 and is expanding into tokenized equities, commodities, and prediction markets. Analysts from Grayscale and Fa...
Hyperliquid's native token HYPE reached a record high of $67.24 following the U.S. Commodity Futures Trading Commission's approval of the first perpetual futures contract on a regulated U.S. exchange. This regulatory milestone, along with strong endo...
Bitcoin is showing signs of weakening momentum as traders have wiped over $10 billion from the market this week, pushing the price closer to the $70k support level. Sentiment has dropped into extreme fear, a historical sign of capitulation, while mor...
The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, majo...
