HYPE Hits New All-Time High as Trader Turns $42M Profits Into Loss

Hyperliquid has surged to a new all-time high of $73.7 as institutional inflows, aggressive token buybacks, and mounting losses among leveraged short sellers fuel one of the strongest rallies in the crypto market. According to data from crypto.news, Hyperliquid (HYPE)…

Bitmex co-founder Arthur Hayes has publicly challenged investor Kyle Samani to a $100,000 charitable wager that Hyperliquid’s HYPE token will outperform any other current top-ten cryptocurrency through the end of 2026. A Public Dare With Charity on the Line Hayes laid down the gauntlet in a post addressed directly to Samani, proposing “a gentleman’s charitable […]

A senior European Central Bank official has warned that stablecoins carry the same fragilities that once destabilized money market funds, cautioning that their rapid rise could threaten financial stability and quietly entrench the US dollar at the euro’s expense. Related Reading: Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)? The […]

XLM surged past $0.27 early June 1—yielding brief 24-hour gains of 14%—before a market-wide sell-off trimmed its daily gains to 5%. Alongside Hyperliquid and TRON, XLM was one of the few top 20 digital assets to post gains on a day the aggregate market fell 1.4%. XLM Defies Market Sell-off On June 1, XLM surged […]

The post A Trader Made $42 Million in 10 Months, Then a HYPE Short Wiped It out in 18 Days appeared on BitcoinEthereumNews.com. Key Takeaways Onchain tracker Lookonchain says loracle.hl erased $42.2 million in gains via a HYPE short over just 18 days. The trader is now down a further $5.19 million as HYPE pushed to a record near $70 on May 31. The blowup has once again brought out the risk of fading a token whose own buyback fund keeps absorbing supply. A 10-Month Win Streak Undone in Under Three Weeks The collapse was flagged by Lookonchain, a blockchain analytics account that tracks large traders. According to its data, loracle.hl took roughly 10 months to accumulate $42.2 million in profit trading perpetual futures, the leveraged derivatives that let traders bet on price without holding the underlying asset. That patient track record evaporated in just 18 days once the trader opened a sizable short against HYPE, the native token of the Hyperliquid perpetuals exchange. As HYPE kept g

A trader known onchain as ‘loracle.hl’ spent nearly 10 months building $42.2 million in profits on perpetual futures, only to lose all of it (and then some) after betting against Hyperliquid’s HYPE token. The position has now been mostly closed at a steep loss. A 10-Month Win Streak Undone in Under Three Weeks The collapse […]

The post BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today appeared on BitcoinEthereumNews.com. June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region. The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin BTC$73,038.00 and ether (ETH) both losing about 1%. At $72,700, bitcoin is currently negative for a sixth time in seven days, following a 3.5% slide last month, usually a period with positive returns. It averages a 7.4% rise in May, according to Coinglass data. A record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs) saw $2.97 billion leave the investment vehicles. The CoinDesk DeFi Select Index led the day’s decliners, dropping 2.6% since midnight, with all six members lower. Ondo Finance’s ONDO token fell 2.8%, and has now lost 17% since founder Nathan Allman died unexpectedly last week. Hyp

The post Hyperliquid Overtakes DOGE in Market Cap as HYPE Rally Adds 70% in May appeared on BitcoinEthereumNews.com. Key Takeaways HYPE hit an all-time high of $74.04, flipping DOGE to become the No. 10 digital asset by market cap. Grayscale is launching a Hyperliquid ETF, driving the platform’s shift to institutional infrastructure. Skeptics warn late retail buyers could become exit liquidity if the 14% weekly HYPE pump is a bubble. HYPE Flips DOGE as Market Cap Crosses $16B HYPE kicked off June with another milestone as the token breached the $70 mark on its way to tapping an all-time high. The latest surge, which came amid a crypto market retreat, saw HYPE’s market capitalization surpass $16 billion and dislodge DOGE to become the No. 10 digital asset by market cap. HYPE new all-time high: http://markets. bitcoin.com/ Coingecko data show that after nearly tapping the $70 threshold on May 31, a brief sell-off saw HYPE decline to $67.56 before recovering to trade just under $68. The c