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.
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...
Four large investors, known as whales, have collectively bought $89,500 worth of Hyperliquid's native token $HYPE within six hours, indicating strong interest and possible coordinated optimism. This activity occurs as $HYPE trades between $63 and $68...
