On Tuesday, the Hyperliquid token (HYPE) surged to a new all-time high of $65, briefly propelling the cryptocurrency into the top ten by market capitalization and drawing fresh attention to the platform’s underlying momentum. Grayscale Research released a new report 24 hours later on Wednesday, breaking down why Hyperliquid has worked so well so far, what has helped it expand beyond crypto trading, and what investors may look for next. Hyperliquid Beyond Crypto Perps In its report, Grayscale said Hyperliquid’s scale and growth can now be compared with the largest crypto derivatives venues, pointing to activity that has grown alongside its open interest and fees. The firm noted that Hyperliquid handled about $2.9 trillion in perpetual futures (perps) volume in 2025 and currently holds roughly $7 billion in open interest. Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First The asset manager also ranked Hyperliquid as the third or fourth-largest
The world’s largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves. In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S. Securities and Exchange Commission (SEC), will […]
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The post Bitwise’s $19M HYPE buy strengthens bull case, but ONE risk remains appeared on BitcoinEthereumNews.com.
Institutional interest in Hyperliquid from traditional investors continues to grow, with recent data showing that Spot U.S. HYPE exchange-traded funds [ETFs] have already accounted for 1.04% of the asset’s total market capitalization, currently valued at $15.63 billion. This compares favorably to Bitcoin and Ethereum ETF penetration at 0.59% and 0.41%, respectively. Despite broader market struggles, Hyperliquid [HYPE] continues to hold above $60, with traditional investor participation playing a central role in sustaining that level. Bitwise records a $19 million single-day HYPE purchase Bitwise has recorded its largest single-day spot HYPE ETF purchase, according to data from SoSo Value for the trading session on the 26th of May. The $19 million single-day purchase represented 93.15% of the total $20.45 million in HYPE ETF purchases recorded that day. Trading volume from t
The post XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline appeared on BitcoinEthereumNews.com.
Stellar (XLM) surged more than 14% in the past 24 hours. The move reclaimed the midline of its long-term parallel channel. Price also broke above a key descending trendline. The Layer 1 network is now trading near $0.169 with a market capitalization above $5.6 billion. Multiple charts point to follow-through. X traders are already calling for a path to $0.60 on the weekly timeframe. Four-Hour Chart Breaks Descending Trendline The four-hour XLM chart shows a clean break above a descending trendline. That trendline ran from the April 21 swing high near $0.185. The move came on a sharp volume spike. The largest green candle of the recent range pushed price back above $0.165. XLM 4-hourly chart / Source: TradingView The Relative Strength Index (RSI) reads close to 75. That sits in overbought territory and suggests the rally may be short-term extended. The Moving Average Convergence Div
Grayscale Research cast Hyperliquid as a standout DeFi contender with potential to scale into a major on-chain financial services platform. Its report points to trading growth, exchange-style network effects, and token mechanics linked directly to platform demand. Grayscale Sees Hyperliquid as a DeFi Breakout Grayscale Research presented Hyperliquid as one of crypto’s clearest examples of […]
Hyperliquid generated roughly $800M in 2025 revenue without any venture capital funding behind it. The platform ranks 8th by crypto market cap, processing $2.9 trillion in perpetual futures volume in 2025. HIP-3 expansion pushed daily commodity perp volumes past $4B, with an S&P 500 contract now live on weekends. Hyperliquid has become one of the […]
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SpaceX has emerged as a potential major public Bitcoin holder as Grayscale Research links the company’s planned June listing to its reported BTC treasury Grayscale Research said Elon Musk’s SpaceX could rank as the largest publicly traded diversified company with…
HYPE ETFs have topped $100 million in cumulative net inflows within their first 10 trading sessions, giving Hyperliquid another institutional demand channel as interest in altcoin funds expands. According to Farside Investors data, the funds added about $20 million in…
Hyperliquid (HYPE) recently broke into the top 10 cryptocurrencies by market capitalization, sitting alongside top players like Bitcoin (BTC) and Ethereum (ETH), after its price surged past $50 and set a new all-time high. Now, on-chain analytics platforms are showing what HYPE’s ultimate price could become if it surpasses Ethereum’s market cap. Hyperliquid’s ATH Price If It Surpasses Ethereum’s Market Cap Hyperliquid skyrocketed past $50 a few days ago, surpassing Dogecoin’s ranking to take the 9th spot as one of the largest cryptocurrencies in terms of market capitalization. The move marks the first time the token has traded above this zone since late October 2025. Related Reading: Why Is Bullishness Around Hyperliquid On The Rise Again? Currently, HYPE has extended its rally well beyond $60. The breakout reflects a strong shift in trading activity around the token, as well as renewed interest and confidence in DeFi protocols and AI-backed tokens. HYPE’s move back into this histori
