The decentralized exchange's new HIP-4 product lets traders bet on offchain events like inflation and interest-rate decisions, using validators rather than UMA-style external dispute resolution.
ZEC and XMR dropped 5% in a session that saw most major tokens pull back after weeks of gains, with the move tracking renewed Middle East tension and a rebound in oil prices.
Hyperliquid's HYPE token has narrowly overtaken Dogecoin by market capitalization on CoinMarketCap. The move came after HYPE pushed to a fresh all-time high above $64 on May 24, while Dogecoin remained near $0.10.
Hyperliquid (HYPE) remains one of the strongest-performing cryptocurrencies on the market, but the latest price action suggests the asset may be entering overheated territory after its explosive breakout above $60. While bullish momentum still dominates the trend, the rapid vertical surge has increased the likelihood of a sharp short-term correction.
The surge in tokenized equities highlights a shift in investment focus, but reliance on a single project poses significant ecosystem risks. Hyperliquid sees $2.5B open interest as demand for tokenized equities surges.
HYPE unlock tests market strength amid ongoing spot accumulation.
Hyperliquid expands HIP-4 with validator governed outcome markets for offchain events, reducing reliance on external oracles. Hyperliquid expands HIP-4 with validator governed outcome markets.
Hyperliquid has stepped into the macroeconomic prediction arena by introducing its inaugural CPI outcome market through the HIP 4 framework. This new offering enables participants to wager USDC on the May 2026 annual inflation figure, positioning Hyperliquid as a competitor in prediction markets traditionally dominated by Polymarket.
Bitcoin and Ethereum ETF outflows have accelerated, with institutional investors pulling nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks.
Hyperliquid has launched its first US macro event market using HIP 4 outcome contracts, letting traders bet USDC on the May 2026 CPI year over year print in a fully collateralized, no liquidation format that settles on June 10 off
Bitcoin ETF Outflows: Bitcoin ETFs logged six straight days of redemptions, losing $105.2 million on Friday and narrowing 2026 net inflows to $536 million. Institutional Shifts: Major firms cut exposure, contributing to $1.55 billion in outflows since mid‑May, though IBIT still leads with $2.7 billion in inflows this year.
A Hyperliquid trader who opened a short position on HYPE ahead of the token's recent price surge is now unwinding the bet, having already sold more than $14 million worth of tokens with more supply still hitting the market. A Short Position Under Pressure Hyperliquid's HYPE token hit an all-time high of $64.