A single trader deposited $16.6 million in USDC into Hyperliquid and opened a long position on SPCX, a tokenized asset tracking the S&P 500. The trade drew attention because decentralized derivatives markets may have thinner liquidity, making large deposits relevant for price action and funding rates.
HYPE price has surged 17% in the past 24 hours, climbing from $52 to $61 as traders rushed back into the Hyperliquid ecosystem following a major product launch tied to perpetual markets. The move arrived just one day after Fomo announced that perpetual trading is now live on its platform, powered by Hyperliquid and Trade.xyz.
Hyperliquid price has climbed above $60 after futures open interest reached $2.56 billion, with growing SpaceX speculation supporting a falling wedge breakout toward the $75 region.
A Hyperliquid trader dubbed a “perma-bear” is running an 81% short book with a $2.7 million all-time profit, led by a $13.57 million HYPE short up $539,000, per analytics firm Nansen.
SpaceX's IPO highlights the growing influence of crypto markets on traditional finance, raising questions about regulation and market stability. SpaceX prices largest IPO ever at $135, trades at $177 on Hyperliquid.
A trader deposited $16.6 million in USDC into Hyperliquid and opened a long position on SPCX, a tokenized asset tracking the S&P 500, according to on-chain intelligence flagged by blockchain analytics firm Arkham.
Kalshi, a prediction market platform based in the United States, revealed on Thursday that perpetual futures contracts for Hyperliquid (HYPE) are now accessible for trading. The rollout occurred following official clearance from the US Commodity Futures Trading Commission (CFTC).
TradeXYZ dominance raises regulatory concerns as analysts propose tiered staking reforms for HIP-3 deployers.
SpaceX-linked perpetual futures contract SPCX on Hyperliquid rallied sharply on Friday, signaling renewed optimism among traders ahead of the aerospace companys highly anticipated stock market debut. The contract traded between $176 and $183 during the morning session, recovering from a weekly low near $153 and climbing above the approximately $157 level recorded earlier this week.
Kalshi has officially launched Hyperliquid (HYPE) perpetual futures trading in the United States after receiving approval from the US Commodity Futures Trading Commission (CFTC). The new listing expands Kalshis growing portfolio of regulated cryptocurrency perpetual futures products and marks another milestone for both Kalshi and the Hyperliquid ecosystem.
Crypto ETF flows stayed uneven on Wednesday, June 10, as bitcoin funds recorded a fourth straight day of outflows and ether ETFs remained under pressure. HYPE and XRP products drew modest inflows, while solana ETFs saw no trading activity. HYPE ETFs Add $2.
The groups say issuers, DeFi apps, and validators need clearer limits on who is responsible once stablecoins change hands.