Jeff Yan proposed that U.S. regulators oversee companies operating on Hyperliquid rather than the blockchain itself. The Hyperliquid founder believes regulatory obligations should fall on entities that control financial trading activities. Kraken's parent company, Payward, plans to offer derivatives in the United States through a regulated exchange using Hyperliquid's technology.
A Hyperliquid perpetual linked to Anthropic's implied value traded after the company's investor briefing this week, with a reported $1.95 trillion mark and almost $21 million of turnover in the previous 24 hours.
Contracts tied to Applied Optoelectronics, Lumentum and Coherent fell 14.90%, 11.71% and 11.66%, respectively, over 24 hours.
The account climbed from about $56,000 to a $12.25 million peak in four months, then lost about 99.82% of that value.
Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.
Four ETH liquidations hit within about three minutes, and the last one, 800 ETH, went through at $2,331 per coin on Hypurrscan's log.
The YES probability was 72% a week earlier. Hyperliquid restricts U.S. users and does not hold a CFTC exchange license.
Regulatory clarity could redefine blockchain market dynamics, influencing Hyperliquid's US operations and investor confidence significantly. Hyperliquid founder seeks US regulatory exemption for blockchain operations.
Its holdings reached 38.7 million HYPE, valued at about $3.08 billion, while cash fell to $255.3 million.
SKHY's implied premium over SKHX rose 4.25 percentage points. The account remained net short after adjusting for its partial hedge.
The stakes ranged from 345,250 to 460,180 HYPE per wallet. The three addresses may be linked to one large holder.
The stakes ranged from 345,250 to 460,180 HYPE. The wallets may belong to one large holder.