Unlike Bitwise, Grayscale doesn’t plan to incorporate staking for its Hyperliquid ETF but hasn’t ruled out integrating it in the future. Crypto asset manager Grayscale has filed for a spot Hyperliquid exchange-traded fund, joining Bitwise and 21Shares in seeking to offer a product tied to the Hyperliquid perpetual futures protocol and blockchain. The Grayscale HYPE ETF would track the price movement of the Hyperliquid (HYPE) token and trade under the ticker GHYP on the Nasdaq if approved, according to Grayscale’s S-1 registration statement filed with the Securities and Exchange Commission on Friday. Grayscale listed Coinbase as the custodian but didn’t disclose a management fee for the proposed Hyperliquid product. Read more
The new derivative allows eligible non-US users to trade leveraged exposure to the index around the clock using official data on a decentralized platform. S&P Dow Jones Indices has licensed its S&P 500 Index to Trade[XYZ] for the launch of a perpetual futures contract on Hyperliquid, in what the company described as the first officially licensed onchain product offering continuous, leveraged exposure to the index for eligible non-US users. According to Wednesday’s announcement, contract allows eligible non-US traders to take long or short positions on the index without an expiry date, with markets operating continuously outside traditional exchange hours using official index data from S&P Dow Jones Indices. The contract also brings equity index exposure onto Hyperliquid, extending the use of perpetual derivatives beyond cryptocurrencies into traditional financial benchmarks. Read more
HYPE has entered a classic breakout stage after its onchain activity exploded, with a 45% price rally to $50 next in the cards. Hyperliquid's native token, HYPE (HYPE), is up 23% over the last 24 hours to trade at $33, significantly outperforming other top-cap cryptocurrencies. The altcoin has gained 58% over the last three days to an eight-week high of $34.50 as commodities trading on Hyperliquid surged to new highs. Key takeaways: HYPE has surged over 57% in 72 hours, driven by high commodities trading on Hyperliquid HIP-3 DEXs. Read more
Polymarket traders price an 86% chance of Lighter’s airdrop by the end of 2025 as the DEX opens wallet allocation forms and redistributes slashed points. Lighter, a perpetual decentralized exchange (perp DEX) and a major rival to Hyperliquid, is fueling airdrop speculation as Polymarket traders bet on a token launch before year’s end. Sebas, also known as Babastianj, a core contributor to the Lighter DEX, announced on the project’s Discord channel Monday that the platform is finalizing key processes ahead of the highly anticipated token generation event (TGE). “We’re in the final stretch of Season 2 and are running data science to remove Sybil, self-trading, and wash-trading points,” he said, adding that all slashed and removed points are planned to be redistributed to the community. Read more
Cantor Fitzgerald is predicting a HYPE rally to $200 by 2035, but rival DEXs are attracting a growing share of crypto traders as they emerge with lucrative reward farming systems. Decentralized perpetuals exchange Hyperliquid has been among crypto’s breakout projects in 2025, but rivals’ lucrative rewards systems are vying to lure investors away. Cantor Fitzgerald forecasts Hyperliquid’s HYPE (HYPE) token to surge to $200 by 2035. Hyunsu Jung, CEO of HYPE treasury company Hyperion DeFi argues that the surge will be fueled by the Hyperliquid Improvement Proposal 3 (HIP-3). "We see HIP-3 as the major driver of Hyperliquid’s next phase of growth, and as a key enabler of the valuation framework proposed by Cantor," Jung told Cointelegraph. Read more
Hyperliquid said that the wallet flagged by its community for insider HYPE shorting belongs to a former employee dismissed in early 2024. Decentralized perpetuals exchange Hyperliquid has addressed community concerns about a wallet that was believed to be linked to the internal team selling large amounts of HYPE (HYPE). Co-founder Iliensinc said on Hyperliquid’s Discord channel Monday that the wallet flagged by the community for shorting HYPE belongs to an ex-employee who was terminated in the first quarter of 2024. “This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values,” Iliensinc wrote, referring to the address 0x7ae4…1028. Read more