Hyperliquid's HYPE has become Multicoin Capital's largest hedge-fund position as the investment firm has reaffirmed its focus on crypto over standalone artificial intelligence investments.
Spencer Applebaum put the firm's assets at $2.7 billion and said its $422 million venture fund takes longer to deploy through the seed rounds he saw in 2023.
The group supports the SEC's proposed fundraising framework but seeks five changes. Public comments close Oct. 20.
The group backs the framework but wants changes to airdrop treatment, secondary trading, safe-harbor access, buybacks and federal preemption.
Clarifying crypto rules could boost US innovation, prevent talent drain, and ensure regulatory consistency across states and markets. Hyperliquid Policy Center urges SEC to clarify airdrop and token buyback rules.
After Tesla (NASDAQ: TSLA) and Elon Musk presented a next-generation Roadster prototype incorporating SpaceX (NASDAQ: SPCX) derived thruster technology at a demonstration on October 15 at SpaceX's McGregor, Texas facility, trading activity in instruments tracking Tesla's share price accelerated sharply on always-open crypto platforms.
Hyperliquid Policy Center supports the SEC's proposed Regulation Crypto Assets but asks for five refinements covering airdrops, secondary trading, safe-harbor eligibility, token buybacks and federal preemption. HPC wants administrative airdrop steps excluded from “consideration” and clearer rules allowing exempt tokens to trade through onchain protocols and other intermediaries.
Hyperliquid Policy Center urges the SEC to revise proposed crypto rules covering airdrops, token trading, buybacks, safe harbors and state protections.
The 1,355.6 BTC trade carried a $3.26 million realized loss. The new contracts were linked to Tesla, DRAM and SOXL.
HIP-3 requires a mainnet deployer to stake 500,000 of Hyperliquid's HYPE token and manage key perpetual-market settings.
HYPG recorded inflows on three days. THYP posted $20.9 million in outflows over the same period, and HYPE was quoted at $79.38.
At Binance's current four-hour rate, the same position would cost about 467 Tether (USDT); Hyperliquid's contract rose 16.77% in 24 hours.