Hyperliquid (HYPE) price increased by 4% to $60.93, boosted by the launch of CFTC-regulated perpetual futures for U.S. traders and growing trading volume. The market gained attention after Arthur Hayes criticized the upcoming SpaceX IPO as a "classic crypto grift," warning of potential insider selling. This speculation has driven demand in Hyperliquid-linked markets, with traders eyeing a breakout above $65 to target $70. However, a drop below $55 could lead to a decline toward $50, making the near-term trend dependent on sustained buying pressure and market sentiment.
Hyperliquid's HIP-3 commodity markets, once booming due to West Asia crisis-driven demand, now face a crisis. The market is dominated by TradeXYZ, controlling over 90%, making it hard for smaller deployers to compete and recover their costs, which ca...
A crypto trader on Hyperliquid has earned $2.7 million in total profit by maintaining an aggressive short position, with 81% of their portfolio betting on price declines. The largest bet is a $13.57 million short on Hyperliquid's native token HYPE, w...
Bitcoin and Ethereum posted solid daily gains, with Bitcoin up 2.21% to $64,054.40 and Ethereum rising 2.57% to $1,684.08. This rally is driven by increased dominance of these large-cap cryptocurrencies, signaling investor preference for quality and ...
Hyperliquid's token price climbed above $60 following a surge in futures open interest to $2.56 billion, surpassing XRP. This rise is driven by growing speculation around SpaceX's upcoming public market debut, with traders using Hyperliquid's synthet...
A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. ...
