The best crypto writing from the last 24 hours.
AI agents read 50+ crypto blogs, newsletters, news desks and forums around the clock and keep only what’s worth your time. The top five land in your inbox at 6:30 a.m. Central.
- 1
Hyperliquid leapfrogs Bybit, Kraken and OKX in open interest as Q3 positions grow 80%
Hyperliquid's share of open interest reached 11.7% across itself and eight major centralized rivals, passing Bybit, Kraken and OKX.
- 2
Hyperliquid's First L2 Arrives
Kinetiq's Elysium becomes Hyperliquid's first L2, offering throughput HyperEVM lacks; day-one demand is real but lasting activity is untested.
- 3
Kinetiq Launches Elysium Mainnet for Hyperliquid
Kinetiq's Elysium mainnet is live for Hyperliquid trading, but native HyperCore data reads and fast order submission await an upgrade.
- 4
Hyperliquid Whale’s 56,667-ETH Long Fully Liquidated
A tracked Hyperliquid whale's 56,667-ETH long was fully liquidated, with the two accounts showing about $44.8 million in lifetime losses.
- 5
Tornado Cash-Funded Wallet Builds $26 Million Bitcoin-Ether Trade
A Tornado Cash-linked wallet converted 3,100 ETH to about 6.92M USDC and opened a $26M Bitcoin long against an Ether short on Hyperliquid, a notable onchain trading trail.
- 6
Hyperliquid Tests Permissioned Markets for Payward's US Perps Plan
Hyperliquid tests optional onchain allowlists for permissioned markets that would support Payward's proposed US perps, which still need approval.
- 7
Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quaterly revenue
Hyperliquid Strategies filed to become a CFTC-registered FCM for U.S. HIP-3 perp markets, a meaningful regulatory step.
- 8
What Is Hyperliquid? A Guide to HyperCore, HyperEVM and Builder Markets
Breaks down Hyperliquid's HyperCore, HyperEVM and builder markets, including differing collateral and withdrawal dependencies.
- 9
HYPE surges 15% as NYSE parent ICE moves to bring Hyperliquid perps to US
NYSE parent ICE will partner with and invest in trade.xyz to bring regulated Hyperliquid-based perpetuals to the US, and HYPE rallied 15% on the news.
- 10
Stanley Druckenmiller's first X post backs Hyperliquid venture after $23 million indirect investment
Stanley Druckenmiller disclosed a $23 million indirect stake in Trade[XYZ] as it partners with NYSE parent ICE.
- 11
Avail launches ShieldTX privacy tool targeting copy-trading bots on Hyperliquid
Avail launched ShieldTX, which gives each Hyperliquid perp position its own wallet to hide it from copy-trading bots.
- 12
whale on hyperliquid got liquidated and trackers had posted his levels before the drop
Anecdote on a Hyperliquid whale liquidation where tracker posts flagged the levels beforehand, raising questions about visible liquidation levels on perp DEXs.
- 13
Hyperliquid’s Yan and CME’s Duffy Split Over Who Must Bear US Compliance
Hyperliquid and CME executives debate whether deployers or the blockchain should carry US compliance duties.
- 14
5.57 The Price Impact of Nothing: Rejected Orders Predict Returns
Research finds Hyperliquid post-only order rejections carry a short-term signal for 10-second BTC perp mid moves.
- 15
Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops
Bitwise and Hyperliquid urge the SEC to clarify token classification and secondary-market trading rules.
- 16
ZachXBT Flags $20M XMR Laundering Ring on Hyperliquid
ZachXBT traces over $20M from hacks and ransomware through FreedomXMR, a Monero swap service on Hyperliquid where 87% of inflows are illicit.
- 17
Boros launched native spread markets for BTC and ETH funding rates to earn fixed or floating funding APR
Boros launched fixed-rate spread markets on BTC and ETH funding gaps between Hyperliquid and Gate, a three-leg structure.
- 18
Papertrade Trader Losses Reach $32.4 Million Two Days After Launch
Papertrade, a loss-funded trading venue, booked $32.4M in trader losses within two days, with revenue data compared to Pump.fun and Hyperliquid.
Also covered by Bankless - 19
Ripple Prime adds RWA swaps referencing perpetual futures listed on Hyperliquid
Ripple Prime added 24/7 RWA perpetual swaps referencing assets listed on Hyperliquid.
Also covered by Unchained - 20
Ripple Prime Rolls Out Traditional-Asset Perps Linked to Trade.xyz, Bloomberg Reports
Ripple Prime reportedly adds traditional-asset perpetuals linked to Trade.xyz, building on its Hyperliquid access.
- 21
Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain
Hyperliquid founder Jeff Yan argues U.S. oversight should target trading firms using the blockchain, not the network itself.
- 22
EQX Plans 11 Tokenized Stock and ETF Markets on Hyperliquid
EQX plans 11 tokenized stock and ETF markets on Hyperliquid's HyperCore, quoted against USDC, with US persons excluded.
- 23
S&P 500 options are the hottest bet on this Hyperliquid exchange
Hypercall, built on Hyperliquid, reports most of its $640M volume since June came from S&P 500 options, a notable product-market signal.
- 24
Trader nets $1.28 million on new 1,000x exchange Papertrade by moving Hyperliquid’s ETH prices
A trader reportedly made $1.28M on the new Papertrade exchange by moving Hyperliquid's ETH price, then lost $450K when 30 shorts were liquidated. A useful look at manipulation and risk on a new venue.