US-Iran | Crypto

Hyperliquid’s HYPE token moved into the top 10 crypto assets by market capitalization, beating Cardano's ADA amid a 1,700-fold rise in trading volume tied to oil volatility during the US-Iran conflict. Notably, Bitcoin benefited significantly from the broader bid for crypto during the conflict, but HYPE gained a second channel as traders used Hyperliquid's platform […] The post Why the US-Iran conflict sent traders to Hyperliquid — and pushed HYPE into crypto’s top 10 appeared first on CryptoSlate.

The newly created Polymarket wallets placed bets on the timing of a US strike against Iran, buying shares hours before the first explosions were reported in Tehran. Six Polymarket traders earned roughly $1 million after accurately betting that the United States would strike Iran before the end of February, triggering insider trading suspicions. The six wallets were all created in February and placed nearly all of their activity on contracts predicting the timing of a potential US attack, Bloomberg reported, citing data shared by analytics firm Bubblemaps SA. In several cases, shares were purchased only hours before explosions were first reported in Tehran, with some contracts acquired for around $0.10, per the report. Read more