Hyperliquid has activated AQAv2, a new mechanism directing 90% of yield from about $5 billion in USDC reserves into automatic buybacks and burns of its HYPE token. This upgrade, approved by 69.08% of validators, builds on a partnership with Circle and Coinbase, who manage the USDC treasury and infrastructure. The combined buyback program, including trading-fee buybacks, is expected to exceed $900 million annually, significantly boosting HYPE demand. The first AQAv2 payout is scheduled for October 3, which will test the mechanism's effectiveness amid interest rate fluctuations that could impact yield and buyback size.
Hyperliquid (HYPE) token surged to $86.81, up 2.44% within an hour on Binance, surpassing its 24-hour gain of 0.88%. During this period, short liquidations across Binance, Bybit, and OKX totaled $460,000, vastly outnumbering $10,000 in long liquidati...
A trader on Hyperliquid closed losing long positions in Bitcoin, HYPE, and Zcash, totaling about $6.13 million in losses, with Bitcoin accounting for roughly 72% of the losses. After this exit, the trader opened new leveraged long positions worth app...
Hyperliquid's $HYPE token is showing a potential bearish head-and-shoulders pattern on the 12-hour chart, signaling a possible 22% price correction if it closes below the $76-$78 neckline. Currently trading around $84, the token has gained 8.3% over ...
A trader closed long positions in Bitcoin, Hyperliquid, and Zcash at a combined loss of about $6.09 million over six hours. Subsequently, the trader opened new long positions in Ether and Hyperliquid valued at approximately $42.9 million, with Ether ...
Hyperliquid (HYPE) fell 2.37% to $83.53 on November 3, breaking below the $85 support level due to technical selling, concerns over a proposed ICE U.S. trading platform, and an upcoming token distribution of 180,000 HYPE tokens on November 6. The ICE...
