Hyperliquid Trader Loses $26M As Ether Short Unwinds In Seconds - Read the full analysis.
Bitcoin breaks above $72,000 as a historic $3B short squeeze sends HYPE and PEPE soaring. See the latest crypto market data and price outlook.
At least, if Trump and the CFTC have their way. And the market really, really liked the news.
Hyperliquid's HYPE token charged toward record territory after U.S. President Donald Trump revealed regulators are working on a legal pathway that could bring the crypto trading heavyweight into the American market. Trump Drops Hyperliquid Into Washington's Spotlight Trump made the comments on Aug.
Massive Loss: The Hyperliquid Trader lost nearly $24 million as a long‑held ether short was liquidated in 12 seconds. Rapid Liquidation: Forced sales across five chunks pushed ether higher, worsening losses and emptying the wallet. Market Surge: A broader crypto rally triggered $2.74 billion in short liquidations, including a $48.8 million Bitcoin wipeout.
Hyperliquid's HYPE token rose 19.3% as Trump's CFTC comments boosted hopes for a compliant U.S. market pathway, not approval.
A single line from Trump about bringing the offshore perpetuals venue into U.S. regulation sent HYPE up 17% and lifted every Hyperliquid-linked product on the market.
Hyperliquid's HYPE token surged more than 25% after Trump revealed regulators are working to bring the platform legally into the US market.
Trump called on Congress to pass the CLARITY Act at the White House crypto summit, while HYPE surged after plans emerged to bring Hyperliquid to the U.S.
Coinbase's Hyperliquid integration highlights growing DEX perpetuals, signaling potential expansion in on‑chain derivatives.
Trump said the CFTC is working to bring Hyperliquid to the US, sending HYPE up 20% and PURR shares up 30%.
Hyperliquid (HYPE) price jumped after Trump said CFTC Chair Mike Selig is working to bring the exchange into the US.