News linked to both this project and an event.
According to Caixin News, HyperLiquid has been quietly rising in the overseas crypto scene for some time, but the real catalyst that sparked widespread discussion in the domestic market was neither the massive airdrop of HYPE tokens (referring to projects distributing tokens to users for free to promote initiatives or reward early supporters) nor the crude oil contracts ignited by Iran's geopolitical conflicts in February 2026, but rather the contracts involving the Chinese asset ChangXin Memory Technologies (CMXT), highlighting how emerging offshore exchanges are challenging global financial regulation.
Per Kinetiq's official announcement, the Elysium testnet, an L2 network in the Hyperliquid ecosystem, is now live. It settles transactions on the HyperEVM and is colocated with HyperCore, using HYPE as its native gas token. Powered by Conduit's G2 sequencer, Elysium aims to support general-purpose DeFi and on-chain spot trading applications. The testnet browser and developer documentation are currently accessible.
Odaily News: Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid, and its testnet is now live. The network settles to HyperEVM and is co-located with HyperCore, with HYPE as its native gas token; it currently operates on a SOC II Type 2 compliant architecture, utilizing Conduit's G2 sequencer.
据 CoinDesk 报道，比特币 Volmex 隐含波动率指数（BVIV）永续合约已在去中心化衍生品交易所 Hyperliquid 上线，交易者可直接做多或做空比特币未来 30 天的隐含波动率，无需通过期权间接建立波动率仓位。该合约以 USDC 计价并作为抵押品，上线初期最高提供 5 倍杠杆，指数数据由 Seda 的预言机基础设施接入链上。
Odaily News: Hyperliquid has launched a perpetual contract linked to the Volmex Bitcoin implied volatility index, allowing traders to directly trade the magnitude of Bitcoin price fluctuations rather than price direction.Kinetiq's Markets, together with Volmex and Perps.fun, jointly pushed for the launch of this product. This is the first on-chain perpetual contract market for the Volmex Bitcoin volatility index. (CoinDesk)
Odaily reports: Hyperliquid posted on the X platform that the perpetual contract market has launched a trailing stop feature. The trigger price of this feature moves with the mark price in the direction favorable to the position; when the mark price retraces from the optimal level to a set number of points or percentage, the system will trigger a market order.For long positions, the trigger price follows the highest mark price reached after the feature is enabled, while for short positions, it follows the lowest mark price after activation. Users can set an optional activation price to determine when trailing begins; if no activation price is set, trailing will start immediately from the current mark price.
According to HyperliquidNews monitoring, ZEC1 has gone live for spot trading, with the first trade costing 500 HYPE, valued at $46,500.
multi-chain oracle project Switchboard has announced it is ceasing operations. Switchboard Technology Labs, its core development contributor, will gradually wind down remaining operations, all Switchboard implementations will stop being maintained effective immediately, and remaining support will be terminated on September 25. Protocols using its oracle are required to migrate immediately to alternatives such as Pyth and RedStone.Switchboard stated that AI has reduced the cost of building in-house oracles, the crypto bear market has led to a decline in the number of new public chains and project budgets, and the model of direct collaboration between data providers such as Hyperliquid and S&P shows that protocols may increasingly obtain data directly, thereby weakening the value of third-party oracle networks.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, Loracle (0xefe...194b), the largest short seller of PONS on Hyperliquid, took profit 22 hours ago on a PONS short position held for over half a month, gaining $1.352 million; simultaneously closed a CASHCAT short position, gaining $1.026 million. Loracle has now reopened a PONS short position of nearly $330,000 and continues to add to it. mlmabc, the captain of the "Whale Hunting Squad Round Two," had previously published a post openly recruiting members.
NEAR Protocol posted on X stating that perpetual contract trading now has privacy protection enabled by default. Users can open positions directly with their existing accounts, and others cannot identify position ownership; this feature is powered by Hyperliquid.
Hyperliquid has launched a manual lending and borrowing feature, which shares the underlying HyperCore infrastructure with portfolio margin. The platform's total borrowed assets currently amount to $269 million. Users can collateralize HYPE and Bitcoin to borrow USD-denominated assets such as USDC and USDT; borrowers pay interest, asset suppliers earn interest, and interest rates are determined by the capital utilization rate.
According to CryptoRank, in the ranking of perpetual contract trading volume across public chains and ecosystems over the past 30 days, Hyperliquid leads with $240 billion in trading volume, firmly holding its dominant market position. Arbitrum ranks second with $47.2 billion, performing best among general-purpose public chains; Solana ranks third with $46 billion. Following closely are Lighter ($45.6 billion), Ethereum mainnet ($44.9 billion), and edgeX ($42.3 billion).
According to an announcement on Payward's official website, Payward, the parent company of Kraken, has announced plans to deploy on-chain perpetual futures products to U.S. customers via the Hyperliquid HIP-3 market, becoming the first registered exchange or clearing agency to launch a market on the protocol for U.S. clients. Payward's CFTC-regulated entity Bitnomial will serve as the HIP-3 deployer, responsible for creating, managing, and clearing and settling contracts. NinjaTrader Clearing will take charge of client accounts, restricting participation exclusively to users who have completed the NinjaTrader account opening process and passed the whitelist review.
The U.S. Attorney's Office for the Southern District of New York has charged Robinhood engineers Hefu Chai and Huaisong Xiang with exploiting their positions to obtain cryptocurrency listing plans, purchasing perpetual contracts for the related tokens on the decentralized derivatives trading platform Hyperliquid prior to public announcement, each profiting over $50,000. Both currently face charges of commodity fraud and wire fraud, carrying maximum sentences of 10 and 20 years, respectively. The charges have not yet been adjudicated by a court.
According to official announcements, HyperPocket, a cross-asset trading platform built on the Hyperliquid ecosystem, has officially launched and now covers Web, iOS, and Android. Its trading categories span Crypto as well as TradFi assets including stocks, indices, commodities, and forex.The platform has simultaneously launched the HyperPoints points system, which uses real trading activity as the path for accumulating points. According to the team, HyperPocket is accelerating the development of modules including AI-powered smart trading, AI Agent, strategy tokenization, and Agent Launchpad, aiming to expand an AI-driven on-chain strategy ecosystem.
Odaily News: According to HyperliquidNews monitoring, HIP-3 market deployer Entropy spent 500 HYPE (approximately $38,950) to win the code DRAM, and is expected to launch io:DRAM perpetual contract trading.
crypto custody firm BitGo has announced that eligible institutional clients can now connect their existing self-custodied hot wallets to Hyperliquid via WalletConnect, enabling perpetual contract trading without the need to create a separate wallet or approve transactions individually. This setup preserves BitGo's existing deposit and withdrawal approval controls, allowing clients to manage Hyperliquid positions without additional wallet signing or Gas fees for each order.
According to an official post from trade.xyz, trade.xyz has officially launched its Events feature, further advancing its vision of establishing Hyperliquid as a universal exchange. Users can execute a variety of operations through a single unified account, including depositing spot BTC, borrowing USDC, opening SpaceX pre-IPO perpetual contracts, hedging against SK Hynix earnings events, and predicting US Open outcomes. The Events market spans sports, politics, economic, and financial sectors. Initially rolling out Up/Down contracts for stocks, commodities, and pre-IPOs, pricing is settled based on the trade[XYZ] perpetual contract market price, rather than relying on external oracles.
trade.xyz posted on X that it has launched Events, aiming to develop Hyperliquid into a unified trading system for trading financial assets and real-world outcomes. Users can deposit spot BTC into their unified trade.xyz account, borrow USDC through portfolio margin, open pre-IPO perpetual contract positions on SpaceX, use event markets to hedge against the upcoming SK Hynix earnings event, and pick the US Open champion. Events will cover sports, politics, economics, and financial markets; the initial Up/Down markets cover stocks, commodities, and pre-IPO assets, with liquidity provided by trade.xyz perpetual contracts on HIP-3, whose continuous price discovery mechanism serves as the source for contract settlement.
According to Hyperliquid News, the Hyperliquid Policy Center has filed an amicus brief with the U.S. District Court for the District of Columbia, seeking to dismiss the lawsuit brought by the Chicago Mercantile Exchange (CME) against the Commodity Futures Trading Commission (CFTC). The lawsuit concerns the CFTC's prior approval of regulated cryptocurrency perpetual contracts through Kalshi in the United States. CME had previously challenged that regulatory decision in court, and the Hyperliquid Policy Center now supports the CFTC, arguing that the court should dismiss CME's lawsuit.