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, Outcome and Skew, deployed markets using validator-approved templates, with Outcome accounting for 85% of the volume, boosted by a $1 million rebate program. The permissionless deployment model allows more builders to create markets but requires a significant HYPE bond, limiting entry. While the volume surge is promising, its sustainability depends on whether activity remains high after incentives end. U.S. access to these markets remains uncertain due to regulatory requirements, especially for sports-related contracts that may face additional scrutiny under federal law.
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...
Hyperliquid Strategies expanded its equity financing facility with Chardan Capital Markets from $1 billion to $2.5 billion, allowing it to sell new shares over time to fund purchases of HYPE tokens. The company holds about 29.3 million HYPE tokens wo...
