Morning Minute: HYPE Soars as CFTC Gives Perps Green Light
Kalshi got the formal approval, but it's Hyperliquid that caught the most buzz with a massive move over the weekend.
Cointelegraph·
HYPE has entered the breakout stage of its prevailing bull pennant setup with an upside target near $105, with strong fundamentals backing the bullish case.
Read full articleKalshi got the formal approval, but it's Hyperliquid that caught the most buzz with a massive move over the weekend.
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 trader lost $42M in perp profits in 18 days shorting HYPE. Here’s what’s fueling Hyperliquid’s record-breaking price surge. It took Loracle nearly 10 months to build $42.2 million in perpetuals trading profits. Then, in just 18 days, a single short position wiped all of it out. On-chain analytics platform Lookonchain flagged the dramatic reversal, […] The post HYPE Hits New All-Time High as Trader Turns $42M Profits Into Loss appeared first on Live Bitcoin News.
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 […]