Author: CryptoPress

Trade.xyz launched synthetic pre-IPO perpetual contracts for SpaceX on Hyperliquid under the SPCX-USDC ticker, drawing $33 million in first-day volume. The market debuted with an initial reference price of $150, implying a starting valuation of $1.78 trillion for the private aerospace firm. Hyperliquid’s native HYPE token bucked broader market declines to rally 7% following the launch of the new derivatives instrument. The decentralized...

Bitcoin faces significant downward pressure as macroeconomic and geopolitical factors trigger widespread market liquidations, even as corporate giant Strategy capitalizes on the pullback with a massive $2 billion acquisition. Bitcoin plummeted below $77,000 Monday morning, hitting multi-week lows as risk assets reacted sharply to rising bond yields and escalating Middle East tensions. The market downturn triggered more than $670 million in...

Coinbase has been designated as the official treasury deployer for USDC on the Hyperliquid decentralized exchange, deepening institutional integration.The platform’s native USDH stablecoin will be phased out gradually, with Coinbase securing the rights to purchase its brand assets from Native Markets.Hyperliquid’s native HYPE token rallied by 19% following the announcement of the consolidated, USDC-led liquidity structure. ...

U.S. spot Bitcoin ETFs recorded a net outflow of $630.4 million on Wednesday, marking the largest single-day redemption in over three months. The exit was driven by surging inflation data, with April PPI hitting 6% and CPI reaching 3.8%, dampening hopes for Federal Reserve rate cuts. Selling was concentrated in ARK Invest’s ARKB and Fidelity’s FBTC, while BlackRock’s IBIT managed to maintain positive momentum with modest inflows. U.S. spot...