Trade.xyz launched the first SpaceX pre-IPO perpetual futures contract on Hyperliquid, starting with a $1.78 trillion valuation and spiking to over $2.5 trillion within hours. This contract allows crypto traders to speculate on SpaceX's IPO price, which is expected around June 11 on Nasdaq. The move marks a new phase of onchain price discovery for major IPOs and follows a successful similar contract for Cerebras Systems. SpaceX's upcoming IPO is highly anticipated, with the company holding significant Bitcoin assets that will be disclosed in public filings for the first time.
Hyperliquid's HYPE token rebounded over 10% from Sunday lows after a steep 25% drop last week, driven by broader market sell-offs. The recovery follows Citrini Research highlighting Hyperliquid's strong cash flow and a significant buyback program tha...
Citrini Research, known for its influential market insights, has identified Hyperliquid and its HYPE token as a compelling investment. Hyperliquid, a decentralized exchange for perpetual futures, generates over $1 billion in annual fees, with more th...
HYPE token price surged 12% after Coinbase officially activated its AQAv2 framework as the USDC treasury deployer for Hyperliquid. This move could boost Hyperliquid's annual revenue by up to $200 million, increasing funds available for HYPE token buy...
Arthur Hayes, co-founder of BitMEX, denied purchasing Hyperliquid (HYPE) tokens following reports that a wallet linked to him withdrew 33,978 HYPE worth about $2.09 million. The withdrawal was noted shortly after Hayes said he sold his entire HYPE ho...
Crypto sleuth ZachXBT accused BitMEX co-founder Arthur Hayes of promoting bullish views on four cryptocurrencies—Worldcoin (WLD), Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR)—before quickly selling his holdings. Hayes dismissed the claim...
