News linked to both this project and an event.
Hyperliquid News posted on X platform saying that Tradexyz has added a Pre-IPO market feature to its documentation. This system allows users to gain exposure to stocks before their public listing.This market oracle prices assets based on the company's latest funding round, with the market determining the price via Hyperp. Upon IPO completion, the perpetual contract automatically converts at the IPO price. If no IPO occurs, it settles at the average Pre-IPO price. The CBRS Pre-IPO market is now tradable, with an expected IPO date of May 7.
According to on-chain analyst Ai Aunt (@ai9684xtpa), one month after Binance launched crude oil perpetual contracts, the 24-hour trading volume of these contracts has surpassed that of Hyperliquid. Specifically, the CL contract’s 24-hour trading volume on Binance stands at $1.423 billion, compared to $817 million on Hyperliquid; the BZ contract’s 24-hour trading volume on Binance is $404 million, versus $294 million on Hyperliquid.
the Hyperliquid Policy Center (HPC) has announced it has formally submitted a comment letter regarding the Commodity Futures Trading Commission's (CFTC) Advance Notice of Proposed Rulemaking (ANPRM) on prediction markets. The HPC advocates for establishing clear compliance pathways for decentralized prediction markets built on public, permissionless blockchains, while simultaneously refining the regulatory framework for centralized prediction markets.In its comment letter, the HPC calls on the CFTC to develop more flexible, function-oriented rules tailored to decentralized market structures; to establish clear legal channels for U.S. market participants to access decentralized prediction markets; and to support U.S. leadership in the field of decentralized finance innovation.The HPC states that prediction markets are a natural extension of the federal derivatives framework. They help participants directly manage their economic risk exposure to real-world events and aggregate dispersed information through continuously updated market prices. Their price discovery capabilities have been widely validated and, in some cases, outperform traditional polling and expert forecasts.The HPC points out that decentralized prediction markets based on public blockchains offer advantages such as transparency, non-custodial operation, and high resilience. They do not rely on centralized operators to hold user funds, nor do they present single points of failure. All transactions are recorded in real-time on a public ledger, facilitating both regulatory oversight and market surveillance, while market access standards are more transparent and uniform.The HPC emphasizes that the current rulemaking process should not codify reliance on single exchange operators, custodial intermediaries, or traditional settlement monitoring mechanisms. Doing so would prevent U.S. users from legally participating in decentralized prediction markets. The HPC states it will continue to promote compliant access to Hyperliquid and HIP-4 Outcome Markets for U.S. market participants, and will maintain ongoing communication with the CFTC.
Trust Wallet has officially integrated the on-chain perpetual contract trading platform Hyperliquid, enabling users to trade perpetual contracts directly within the App. Users will benefit from deeper liquidity, tighter spreads, and a diversified trading market, allowing for one-stop trading of spot, futures, and RWA.Hyperliquid is currently the decentralized trading platform with the deepest liquidity, having accumulated over $4 trillion in trading volume. It supports perpetual contract trading for crypto assets, as well as real-world assets (RWA) such as oil and precious metals. Following this integration, Trust Wallet users can directly access all markets on Hyperliquid by simply opening the App.
Hyperliquid is accelerating its entry into the prediction market arena, planning to compete with platforms like Polymarket and Kalshi through a newly launched "outcome tokens" mechanism.According to the recently disclosed fee structure, Hyperliquid adopts a "zero fee for opening positions, fees for closing or settlement" model for event trading, covering scenarios such as minting, trading, burning, and settlement. The platform also offers lower transaction costs for "aligned quote tokens," including market-making rebate increases and fee discount mechanisms. This feature will be introduced through the HIP-4 upgrade, enabling users to trade binary contracts based on real-world events within a single account, integrated with the existing spot and perpetual contract system to form a unified trading environment.The prediction market has grown rapidly in recent years, with total trading volume exceeding $63.5 billion in 2025. Hyperliquid's previously launched HIP-3 has driven its permissionless perpetual contract market to account for over 35% of the platform's trading volume. Currently, event tokens are still in the testnet phase, and the mainnet launch date has not yet been announced. However, the industry widely expects this to become a crucial infrastructure for Hyperliquid to challenge the existing prediction market landscape. (CoinDesk)
According to the official announcement, HTX (formerly Huobi) has launched a time-limited interest-free margin trading campaign for HYPE and BERA under isolated margin mode. The campaign runs from now until April 30, 18:00 (UTC+8). Users who register for the campaign and complete KYC verification can enjoy up to three days of interest-free borrowing when trading HYPE and BERA under isolated margin mode. This campaign focuses on two highly popular assets—HYPE (Hyperliquid) and BERA (Berachain). Amid heightened market volatility and frequent structural market movements, the interest-free benefit significantly reduces funding costs, enhancing capital turnover efficiency and trading strategy flexibility. HTX continues to optimize users’ trading experience through refined products and phased incentives, empowering users to seize opportunities in dynamic market conditions.
PrimePiper has launched an enterprise-grade prime broker platform for AI agents, designed to address challenges including fragmented account management, inadequate risk control, inability to reconcile across venues, and insufficient compliance auditing in AI-driven automated trading. According to the company, its infrastructure supports unified connectivity to multiple trading venues—including Hyperliquid, OKX, Tiger Brokers, and Interactive Brokers (IBKR). For risk control, PrimePiper offers enterprise-grade API key management, spending limits, and circuit-breaker mechanisms to constrain AI agent trading behavior. At the execution layer, it enables automated strategy execution via SDK or the Model Context Protocol (MCP). For compliance and auditing, it provides audit-grade reporting capabilities tailored for funds and traders. PrimePiper has been selected for the latest cohort of Founders Inc’s accelerator program; its product is currently in the Alpha stage. Team members hail from Galois Capital, Kraken, DRW, and AWS.
Odaily News Blockchain.com announced the launch of a perpetual contract trading feature in its non-custodial DeFi wallet, powered by Hyperliquid's underlying infrastructure. This allows users to conduct leveraged trading directly within their own wallets without transferring assets to third-party exchanges, enabling full self-custody throughout the process. (PRNewswire)
Odaily News Grayscale has updated its ETF application document linked to Hyperliquid, changing the custodian to Anchorage Digital Bank, replacing Coinbase which previously served as the prime broker and custodian.This adjustment has garnered significant attention, as Coinbase has long dominated the crypto ETF custody space. Currently, almost all U.S. spot Bitcoin ETFs (except Fidelity's) rely on its custody services.The filing shows that The Bank of New York Mellon will continue to serve as the transfer agent for this ETF (proposed ticker GHYP). The fund's staking functionality still requires regulatory approval and will utilize CoinDesk's Hyperliquid benchmark pricing data.Furthermore, Anchorage Digital Bank, as the first federally chartered crypto bank in the U.S., has been continuously expanding its institutional service capabilities in recent years, including areas such as stablecoins, wealth management, and token lifecycle management. (The Block)
According to The Block, Grayscale has filed a revised Hyperliquid ETF application with the U.S. Securities and Exchange Commission (SEC), naming Anchorage Digital Bank as the fund’s custodian in place of Coinbase. Anchorage is the first crypto-native bank to receive a federal banking charter in the U.S. and has recently expanded rapidly into stablecoin services, wealth management, and token lifecycle management—becoming the first institution in the U.S. to support TRON. If approved, the ETF will trade on Nasdaq under the ticker “GHYP”; staking functionality remains subject to regulatory approval.
According to TokenInsight’s “Q1 Cryptocurrency Exchange Report,” the competitive landscape of stock perpetual contracts is evolving rapidly, with a growing concentration of market share among top players. In terms of average daily trading volume for stock perpetuals, Binance leads with $149.15 million, capturing 35.23% of the market; Bitget ranks second with $95.74 million, accounting for 22.61%; and Hyperliquid comes third with $73.49 million, holding 17.36% of the market. Collectively, these top three platforms command approximately 75% of the market share, forming the first-tier group in this segment. As major exchanges accelerate their expansion into U.S. equities and TradFi-related products, stock perpetual contracts have become a critical battleground for crypto exchanges seeking to build cross-asset trading capabilities.
According to Bloomberg ETF analyst James Seyffart’s disclosure on X, 21Shares US has updated its Hyperliquid ETF filing, with the ETF ticker symbol THYP. The filing does not yet disclose management fee information. This filing update is believed to be in response to comments and feedback from the U.S. Securities and Exchange Commission (SEC).
According to a post on Grayscale’s official website, the firm has updated its list of cryptocurrencies under consideration for future investment products. Per the latest list, the “Currencies” category includes Bitcoin and XRP; the “Smart Contract Platforms” category now adds Stacks, Sui, Toncoin, and Tron; the “Financials” category includes assets under consideration such as Ethena, Hyperliquid, and Jupiter; the “Consumer & Culture” category features Dogecoin and Decentraland; the “AI” category includes Worldcoin, Virtuals Protocol, Story, and Grass; and the “Utilities & Services” category comprises Chainlink, LayerZero, and Helium. Grayscale stated that this list is reviewed quarterly to provide investors with diversified digital asset investment options.
According to Bloomberg ETF analyst Eric Balchunas, Bitwise has updated its Hyperliquid ETF application filing again; the proposed ticker symbol is BHYP, with an expense ratio of 67 basis points (0.67%). He noted that such updates typically signal an imminent official launch.