Hyperliquid price rose to a record high above $83 after a sharp weekly rally, with strong momentum and positive capital flows supporting the move.
Kinetiq unveiled Elysium, a Hyperliquid L2 using HYPE for gas and allocating 50% of sequencer fees to KNTQ buybacks and burns.
Elysium's launch could enhance Hyperliquid's trading efficiency, potentially boosting user retention and increasing demand for HYPE and KNTQ tokens. Kinetiq unveils Elysium L2 for Hyperliquid using HYPE as gas.
HYPE has just set a new record at $83.27. The Hyperliquid token then retreated around $77.50, with a capitalization close to 19.5 billion.
The Hyperliquid Policy Center submitted an official comment letter requesting that American financial regulators develop a cohesive regulatory structure for perpetual contract products. The organization advocates for the Securities and Exchange Commission and Commodity Futures Trading Commission to establish consistent treatment protocols for identical financial instruments regardless of jurisdictional authority.
Hyperliquid is approaching a major scheduled unlock of 14,175,778 HYPE tokens worth roughly $1.2 billion at current prices. The release represents about 1.4% of total supply, with insiders receiving the largest allocation. HYPE recently reached a record high above $83, while growing adoption through Coinbase and renewed U.S.
US equity markets moving toward 23-hour, five-day trading still leave 53 hours each week without a national quotation, creating a pricing gap for continuous markets. Pyth covers more than 220 US equities on a 24/5 basis, while Hyperliquid uses discovery bounds and Pyth constructed indices to support weekend pricing.
The relaunch could boost speculative interest in AI investments, influencing market dynamics and perceptions of tech sector growth potential. EntropyIO relaunches Anthropic pre-IPO markets on Hyperliquid platform.
Hyperliquid Policy Center urged the SEC and CFTC to align perpetual contract rules and classify qualifying equity perpetuals as security futures. Hyperliquid Policy Center urges SEC and CFTC to align perpetual rules.
Hyperliquid filed a formal comment with the SEC and CFTC requesting a unified taxonomy for perpetual contracts in the U.S. The document asks for perpetuals to be classified as security futures, which would allow exchanges regulated by both agencies to compete in the same products.
Hyperliquid Policy Center is calling on U.S. regulators to establish consistent rules for perpetual contracts, arguing that clearer classifications could allow more perpetual markets to operate within the countrys regulated financial system. The group submitted comments urging the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to coordinate their approach.
Hyperliquid Policy Center has asked the SEC and CFTC to let qualifying equity perpetual contracts enter the U.S. as security futures after HIP-3 markets processed more than $480 billion in notional trading volume over their first 10 months.