HYPE Surges Above $57 as Short Squeeze Pushes it 2% Away From ATH
Deeply negative funding rates failed to cool HYPE, turning crowded bearish bets into fuel for a 17% rally.
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Bankless has been looking past the usual “partnership announcement” narrative and instead focused on what the new Hyperliquid (HYPE), Coinbase (COIN), and Circle (CRCL) deal could realistically change for USDC. In its latest write-up, the outlet argues the collaboration is more than public relations, especially at a time when stablecoin momentum has started to pick up but the deeper numbers have not shifted as quickly as some investors might expect. Bankless frames USDC’s moment as meaningful, but also incomplete—while positioning Hyperliquid as the missing platform that could help Circle’s stablecoin translate momentum into real market share. The USDC Deal As reported by Bitcoinist last week, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid. In the plan, Coinbase treats USDC as an Aligned Quote Asset (AQA), while Hyperliquid’s USDH token is expected to be phased out gradually. Related Reading: Hyperliquid ETFs Send HYPE Closer
Read full articleDeeply negative funding rates failed to cool HYPE, turning crowded bearish bets into fuel for a 17% rally.
Hyperliquid's surge highlights the volatile nature of DeFi markets, where rapid gains can quickly reverse, impacting investor sentiment and market stability. The post Hyperliquid poised to break all-time high as trading activity surges appeared first on Crypto Briefing.
Coinbase launched Flipcash’s USDF on Solana, backed 1:1 by USDC, as branded stablecoin infrastructure grows across payments and apps today.
HYPE is showing remarkable strength as it approaches all-time highs — a performance that stands in sharp contrast to the broader market, facing selling pressure and uncertainty. While most assets have been retreating, Hyperliquid’s native token has been moving in the opposite direction, drawing attention from the most closely watched category of participants in the digital asset space. Related Reading: Bitcoin’s 2026 Market Structure Reveals A Problem Hidden Beneath ETF Growth Data from Arkham Intelligence has revealed that a whale wallet linked to Andreessen Horowitz — the legendary Silicon Valley venture capital firm known as a16z, which manages one of the largest and most influential dedicated crypto funds in the world and has backed foundational projects including Coinbase, Uniswap, and Solana — has created a new wallet and used it to purchase 206,325 HYPE tokens worth approximately $9.95 million over the past ten hours. The purchased tokens were then immediately staked — a deliber
ETF analyst Eric Balchunas says crypto and traditional assets are trading down while Hyperliquid is up, leading to a boon for ETFs tied to the token.
Hyperliquid's rapid valuation rise highlights potential volatility and decentralization concerns, impacting trust and stability in crypto markets. The post Hyperliquid surpasses Solana in fully diluted valuation appeared first on Crypto Briefing.
Multicoin Capital co-founder Tushar Jain said the firm’s recent investment in Zcash was driven by a convergence of stronger market traction, improving infrastructure and a broader return to crypto’s privacy roots. Speaking on the latest Bankless podcast released May 19, Jain argued that Zcash has moved from a “left for dead” asset into a credible private store-of-value contender. Jain said Multicoin had watched Zcash for years without being convinced. The asset, in his view, had long suffered from weak attention, poor usability and limited evidence that privacy demand could translate into durable market interest. That changed after Zcash rallied sharply, corrected, and still retained both community intensity and a higher market baseline than in prior years. Multicoin’s Zcash Thesis “When I see something like that, I always pause and wonder, is this some manufactured thing? Is it sustainable? Is there a real groundswell of support here?” Jain said. “And when you see the price do what it
Hyperliquid's rise in open interest highlights its growing influence and potential systemic risks, challenging established crypto platforms. The post Hyperliquid overtakes Ethereum in open interest on its own derivatives exchange appeared first on Crypto Briefing.