Hyperliquid (HYPE) continues to stand out in the altcoin market, showing relative strength compared to many competing digital assets. With daily trading volume remaining robust and its market capitalization nearing $10 billion, HYPE is currently trading in the low $40 range.
This Monday, it was revealed that Grayscale Investments modified its filing for the Hyperliquid ETF (GHYP), naming Anchorage Digital Bank as its primary custodian. This action displaces Coinbase, which previously served as the fund's broker and custodian, marking a notable shift in Grayscale's historical reliance on Brian Armstrong's platform for its exchange-traded products.
Grayscale Investments has updated its HYPE ETF application, transferring custodial responsibilities to a different service provider. The amended documentation names Anchorage Digital Bank as the new custodian, replacing Coinbase in this critical operational role.
The bearish outlook for Hyperliquid's HYPE token continued to build as selling pressure intensified across the market. On the 20th April, HYPE declined over 6.15%, trading at $41.05 at press time.
HYPE hit a 2026 high near $45 as Hyperliquid trading volume surged. The rally is up 108% since January, but bulls still need a clean breakout.
Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid, betting that renewed military conflict in the Middle East could push crude prices back to $100 a barrel.
Hyperliquid hit a four-month high near $45 on April 14 as priority fee upgrades, broader crypto strength, and bullish signals fueled HYPE's rally.
Will HYPE rally higher amid push for U.S. regulatory clarity for perpetual decentralized exchanges?
As price action and underlying platform metrics line up for what may turn out to be one of the more important shifts in the current altcoin cycle, Hyperliquid is entering a critical phase.
Velvet integrates Hyperliquid, the perpetual futures DEX with over $1.5 trillion in cumulative volume, into its unified terminal. The integration allows managing spot, yield and perpetuals positions in a single interface, with access to over 300 pairs and up to 50x leverage.
Sports and war prediction markets and crypto-backed perpetual futures came under fire during a House committee hearing Thursday.
Hyperliquid's HIP‑3 open interest is pushing toward the multi‑billion mark, led by not just crypto perps but synthetic equities and index products. Hyperliquid's HIP-3 New ATH Following Bitget Wallet integration of Hyperliquid's HIP‑3 infrastructure at the beginning of the month, The Block claimed today that its data indicates that only three of Hyperliquid's ten most‑traded markets are still crypto pairs: the rest are futures tied to tokenized stocks and commodities.