Has the pecking order finally flipped?
Ether, solana, tron and dogecoin all shed ground over 24 hours while HYPE added about 4%, leaving bitcoin flat on the week after August's 24% run.
Based on blockchain analysis by Arkham, North Korean hackers have laundered over $30 million worth of Bitcoin through Hyperliquid over the last three weeks, according to reports. The developments come at a delicate time.
Sanctioned North Korean wallets moved funds as Hyperliquid pursues regulated US market access.
Wallets linked to North Korea's Lazarus Group have sold more than $30 million in Bitcoin through Hyperliquid over three weeks as U.S. officials and Payward explore regulated access to the platform.
Hyperliquid Labs and Kraken parent Payward have entered advanced talks to offer selected Hyperliquid-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial. Hyperliquid could reach U.S. traders through Bitnomial Bloomberg reported on Aug.
Hyperliquid Labs is in advanced talks with Payward, the parent company of crypto exchange Kraken, to bring the fast-growing trading platform's perpetual futures to US customers through a regulated US venue, Bloomberg reported Monday.
Hyperliquid could bring perpetual futures to U.S. traders through Payward and Bitnomial, pending final regulatory approval.
According to a report by Bloomberg, Hyperliquid, one of the industry's most prominent decentralized derivatives platforms, is in preliminary talks with Payward Inc., the parent company of the Kraken exchange, to evaluate a potential regulated expansion into the U.S. market.
Hyperliquid has faced a potential 10-to-12-month regulatory process to enter the U.S.
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's first US foray—weeks after Trump said his administration was working to bring it onshore.
Hyperliquid's potential US entry could revolutionize the on-chain perpetual futures market by aligning it with American regulatory standards. Hyperliquid surges after Bloomberg reports talks with Payward for US market entry.