News linked to both this project and an event.
the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claimed that Hyperliquid makes all on-chain transaction records publicly available in real-time, which helps regulators and law enforcement agencies with monitoring, identification, and investigation, and also reduces the risks of insider trading and price manipulation.Previous reports indicated that ICE and CME are communicating with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid. Their argument is that the platform's 24/7 operation of commodity trading could pose manipulation risks to markets such as global oil prices.Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise also successively launched ETFs related to Hyperliquid, citing increased oil and metal trading activity on the platform.The Hyperliquid Policy Center, however, believes that round-the-clock trading actually enhances market efficiency. Since price changes do not stop when traditional exchanges are closed, continuous trading helps reduce gaps between trading sessions and improves price discovery.
Euler Finance announced it will take over the maintenance and operation of the Euler contract stack known as Mewler under HypurrFi on the Hyperliquid EVM. The relevant infrastructure is undergoing a smooth transition, with Clearstar Labs continuing to serve as the risk manager for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets are scheduled to gradually wind down and undergo orderly liquidation over the coming weeks. However, all existing markets remain solvent and fully operational, with no security vulnerabilities or emergency parameter adjustments.During the migration process, new borrowing functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 can still be used for liquidity provision to allow borrowers to gradually unwind their positions. Euler emphasized that its isolated lending architecture on HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs.The HypurrFi team stated that user deposits, positions, and collateral assets remain fully secure. This adjustment is an active strategic migration, not a security incident or protocol failure. According to the plan, Euler Prime and Yield markets will become the primary entry points for lending and yield markets on HyperEVM moving forward. The HypurrFi brand will be gradually phased out, with related support services closing after May 28. Full market liquidation is expected to be completed by July 15, 2026.HypurrFi also reminded users to be aware of risks and fraudulent links during the migration process, to operate only through official channels, and to use the built-in migration tools to transfer Pooled positions to Euler Prime or Yield markets.
the escalating situation in Iran is becoming a real-world stress test for the financial market's ability to trade around the clock. Market analyst Huang pointed out that amid the latest geopolitical conflict, traders did not wait for traditional financial markets to open. Instead, they conducted transactions directly through blockchain infrastructure, engaging in round-the-clock price discovery and risk hedging for assets like crude oil and gold on on-chain platforms such as Hyperliquid.The analysis suggests that the current speed of information dissemination has far exceeded the response mechanisms of traditional markets. News spreads instantly across time zones, yet traditional trading systems remain constrained by market opening hours and weekend closures. This prevents prices from reflecting the latest information in real-time, often leading to concentrated volatility and liquidity shocks when markets reopen.In contrast, blockchain networks offer 24/7 operation and real-time settlement capabilities, allowing traders to continuously adjust their positions during non-trading hours. This is viewed as a complement, or even an alternative, to traditional market structures. During this Iran conflict, the value of this "never-closed market" model has been further highlighted.Analysts point out that the core contradiction lies in the structural mismatch between market infrastructure and the information environment. Although the traditional financial system still holds advantages in liquidity and scale, time boundaries are increasingly becoming a source of inefficiency, especially in a macro environment characterized by high volatility and frequent unexpected events.Meanwhile, on-chain derivatives platforms represented by Hyperliquid are validating the feasibility of 24/7 markets, gradually taking on part of the risk pricing function during weekends and non-trading hours. However, the industry generally acknowledges that current on-chain systems still face constraints in terms of liquidity depth, performance, and institutional-grade risk control, making it difficult to fully replace traditional exchanges in the short term.Overall, the market is shifting from being "trading session-driven" to "information-driven perpetual trading," and competition at the infrastructure level is accelerating. (CoinDesk)
Odaily Odaily, Nasdaq-listed HYPE treasury company Hyperion DeFi released its Q1 financial report, disclosing a Q1 net profit of $8.8 million, an improvement from a net loss of $39.8 million in Q4 2025. Since the end of Q1, it has increased its holdings by approximately 60,000 HYPE tokens. Currently, its HYPE token holdings have exceeded 2 million, and its validator node has been delegated 10.2 million HYPE, ranking among the top six validators, second only to the Hyperliquid Foundation. In addition, the company holds 1.92 million KNTQ tokens and 10 million HPL tokens. (Globenewswire)
the Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker BHYP. Previously, the 21Shares Hyperliquid ETF (THYP) launched this Tuesday, with a first-day trading volume of approximately $1.8 million.BHYP will become the first fund in the U.S. to offer yield from staking Hyperliquid, with the staking operations to be carried out by Bitwise's subsidiary, Bitwise Onchain Solutions. 21Shares has also stated its plan to stake the majority of its HYPE holdings.Hyperliquid is currently a leading on-chain perpetual contract exchange and is gradually expanding into tokenized commodities and spot crypto trading. Its native token, HYPE, is used to pay platform fees and has consistently ranked among the top 15 crypto assets by trading volume.
According to Coinbase’s official blog, Coinbase has announced its appointment as the official Treasury Deployer (AQA) for USDC on Hyperliquid, further solidifying USDC’s position as the preferred stablecoin for on-chain capital markets. The total amount of USDC on Hyperliquid has now reached approximately $5 billion, representing a 200% year-on-year increase. Meanwhile, Native Markets has agreed to sell the USDH brand assets to Coinbase, and the USDH market will be gradually phased out. During the transition period, users can freely exchange USDH for USDC or fiat currency via the USDH Dashboard, with ongoing support provided by Native Markets.
Coinbase has become the official Treasury deployer of USDC on Hyperliquid, positioning it as a quote asset for alignment. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH brand assets. The USDH market will be gradually phased out, during which users can still exchange USDH for USDC or fiat currency without fees.Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a 2x increase year-over-year. This integration aims to strengthen USDC's position as the preferred stablecoin for on-chain capital markets, further unifying global markets and enhancing capital efficiency.
Hyperion DeFi (NASDAQ: HYPD), a Nasdaq-listed company, released its first-quarter financial results for the period ended March 31, 2026. The report shows the company achieved a record net profit of $8.84 million for the quarter and an adjusted EBITDA of $19.49 million. As of May 11, its treasury held over 2 million HYPE tokens, 1.92 million KNTQ tokens, and 10 million HPL tokens.
according to the official announcement, Gate Smart Leverage has now officially added support for XAUT, XAG, and CL, further expanding trading scenarios for popular assets such as gold, silver, and crude oil, helping users capture trend opportunities more flexibly amid market fluctuations.As an innovative structured derivative pioneered by Gate, Smart Leverage supports leverage of up to 200x and waives the forced liquidation mechanism during the holding period. It is not affected by short-term extreme market conditions or "wicks," making it more suitable for users employing trend trading and swing strategies. Additionally, the product caps risk exposure. The maximum potential loss for a user is limited to the principal of a single subscription, with no risk of liquidation or additional debt. Currently, Gate Smart Leverage supports various popular assets, including BTC, ETH, XRP, SOL, HYPE, SUI, XAUT, XAG, CL, and others.
Ondo Finance has officially disclosed that Ondo now supports bridging its tokenized stocks and ETFs (such as SPYon, NVDAon, TSLAon, etc.) from Ethereum and BNB Chain to Hyperliquid’s HyperEVM via the Ondo Bridge. This integration supports 35 types of tokenized assets, which can be combined with Hyperliquid’s perpetual contract markets for strategies such as basis trading, funding rate arbitrage, and neutral hedging. The prices of Ondo’s tokenized assets are pegged to quotes from traditional markets like the NYSE and Nasdaq, aiming to preserve off-chain market liquidity. Since its launch in September 2025, Ondo Global Markets has accumulated a total TVL of approximately $970 million, with a trading volume of nearly $18 billion.
Nasdaq-listed HYPE treasury company Hyperliquid Strategies has released its quarterly and nine-month financial and operating results for the period ending March 31, 2026. The report disclosed an investment of $216 million to purchase approximately 7.3 million HYPE tokens. As of April 29, HYPE reserve holdings had increased to 20 million tokens, with $103 million in cash still on the books. Additionally, the company invested $10.5 million to repurchase approximately 3 million shares at an average cost of $3.42 per share. In the nine months ending March 31, 2026, driven by $198.4 million in unrealized gains on HYPE, the company generated $2.6 million in HYPE staking income and recorded a net profit of $152.5 million. (PRNewswire)
According to The Block, Hyperliquid Strategies Inc. (ticker: PURR), a Nasdaq-listed company holding HYPE tokens, released its third fiscal quarter report ending March 31, 2026, reporting a cumulative net loss of $165.4 million over the past nine months. The losses primarily stem from three components: $64 million in unrealized losses on HYPE tokens; a one-time write-off of $35.6 million related to the acquisition of the former Sonnet BioTherapeutics business; and a $60.5 million increase in deferred tax expenses. Since its founding in December 2025, the company has invested $216 million to acquire approximately 7.3 million HYPE tokens and currently holds roughly 20 million HYPE tokens in total. Additionally, it has spent $10.5 million repurchasing approximately 3 million shares of PURR and retains $103 million in cash for future deployment. Quarterly staking revenue amounted to $2.6 million, interest income totaled $1 million, and operating expenses reached $7.2 million.
According to Odaily, information from the Hyperliquid testnet shows that the platform is testing new event contracts, including a 15-minute cryptocurrency up/down market.
According to FinanceFeeds, Hyperliquid’s HIP-4 event contract achieved a notional trading volume of 6.05 million contracts on its first day—equivalent to over $6 million—setting a new record for opening-day trading volume in this product category. HIP-4 is Hyperliquid’s native event contract standard, enabling the creation of fully collateralized event market contracts based on specific outcomes. Data shows that the product’s first-day trading volume accounted for approximately 0.7% of the total trading volume across related prediction markets.
data from Predictefy shows that since Hyperliquid launched its event contract (prediction market) products, the trading volume of Bitcoin price-related event contracts on the platform within the same timeframe has exceeded that of similar markets on Kalshi, Polymarket, and all other prediction platforms.Previously, Hyperliquid launched its event contract market yesterday, with the first market being a daily settlement BTC price performance market.
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)