A whale who held Hyperliquid (HYPE) tokens for a year has secured nearly $140 million in profits by staking and then selling tokens gradually. This exit reduces major selling pressure on HYPE, but institutional selling continues as Multicoin Capital also reduces its holdings significantly. Meanwhile, Hashdex added HYPE to its NCIQ ETF, creating new institutional demand worth $14.7 million, though this is still smaller than the recent large-scale sales. The market now faces a balance between ongoing selling pressure and growing ETF-driven demand, which will influence HYPE's price direction going forward.
Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on August 29, leading to a near tripling of daily trading volume within three days, from about $545,000 to $1.97 million, later reaching $2.75 million. Two external venues, ...
Ondo Finance has formally requested the SEC and CFTC to approve perpetual futures contracts on individual US equities, arguing that current security futures regulations already allow these products without needing new laws. The company’s Panama-based...
Lighter is conducting daily buybacks of its LIT token, maintaining its price above $3.94 using a $250 million float. This strategy stabilizes LIT's market performance and may trigger a short squeeze in Hyperliquid, as suggested by social media. Marke...
Bitcoin traded above $77,600, recovering from a recent dip, while XRP led gains with a nearly 3% rise to $1.36. Other cryptos like BNB and Solana also saw modest increases, but Ether lagged below $2,400. Despite the rebound, the broader crypto market...
Hyperliquid (HYPE) price pulled back about 6.4% from its August 27 record high of $86.71, trading near $81 on September 2. Despite this short-term dip, technical indicators like the 4-hour Supertrend and daily Bollinger Bands suggest the broader uptr...
