Coinbase is now the official deployer of @HyperliquidX's USDC treasury wallet.
We will be activating AQAv2 from the two addresses below:
0x4E5319dEb1072B01439EE674db5C321d11fd96F8
0xc20699185c15D0a2fD65779BB5d69f5b0B113c00
Big month @Coinbase:
- First company bringing global crypto perps + options to the US in a compliant way
- Official USDC treasury deployer for @HyperliquidX
- Gold & silver perps now live outside the US (coming to the US soon)
- Partnered with Standard Chartered to expand global fiat access for institutional clients
+ more in the article below:
🚨| BREAKING: FIFA World Cup’s official X account messaged Speed, confirming that his World Cup song “Champions” has been listed on the FIFA World Cup 2026 Official Album 🤯🤯🔥
1/ $HYPE is one of the clearest examples of DeFi competing with centralized exchanges on product and economics, not just ideology
Can an onchain exchange become one of the major venues for global trading?
A thread on @HyperliquidX 🧵
THE HYPE FLYWHEEL
HYPE has become the 9th largest cryptocurrency, hitting new all-time highs while BTC and ETH struggle. What's driving the move? Protocol buybacks, institutional ETF demand, commodities and stock perps, and growing pre-IPO markets on Hyperliquid.
Our research team broke down the flywheel behind HYPE's rise. Check it out below:
Hyperliquid
A DeFi platform built on perpetual futures, now rivaling traditional exchanges.
Spot, futures, and outcome markets in one place.
US access could be the next catalyst for $HYPE
Read the full article from @LowBeta on the Stack: https://t.co/uQEUE3w35R
BITWISE IS BUYING $HYPE
Bitwise just bought $20M HYPE in a single day. Last week Bitwise ETF clients bought a total of $41.8M HYPE. Bitwise has now staked a total of $55.0M HYPE.
If you bought BHYP when it launched 2 weeks ago, you would have outperformed holding S&P500 for the last 2 years.
> Paradigm asked me to OTC some $HYPE. Fred Ehrsam sounded stressed. Said the desks are completely dry and clients keep asking for exposure. He paused for a second and whispered: “we should’ve bought more at $12.”
> Multicoin partners allegedly asked Kyle why they owned 47 different governance tokens but no $HYPE for so long. Nobody has seen him since. Insider sources claim Multicoin’s investment process now starts with one question: “What would Kyle do?” Then they do the opposite.
> Sequoia called me today at 3am asking if I’d lend them some $HYPE liquidity. Apparently every founder in crypto suddenly became a Hyperliquid maxi overnight. The partner on the phone sounded exhausted. He got hundreds of emails saying ”Hyperliquid”.
> a16z begged me to unlock some spot $HYPE. They said every dip gets bought instantly and their traders can’t source enough inventory anymore. Chris Dixon asked me what’s the best way to farm a potential s3. I answered that they get a multiplier if they send their spot hype to 0x0000000000000000000000000000000000000000.
> Jump Trading offered me “strategic partnership opportunities” if I’d part ways with my $HYPE bag. I said no. They immediately increased the bid.
> Goldman Sachs heard the rumours that their SpaceX IPO deal will be frontrun by Hyperliquid traders. They asked if my $HYPE position was “negotiable.” I told them it depends. They asked what price. I said: “higher.”
> Jane Street tried to calculate fair value for $HYPE. They asked me what’s the underlying of a Hyperliquid? After 14 spreadsheets and 3 models they concluded: “there’s not enough spot available.”
> BlackRock called asking for “just a small allocation.” They said pension funds are suddenly asking about Hyperliquid during meetings. One analyst reportedly called it “the AWS of liquidity.” I told them to think bigger. It’s the House of all finance.
Hyperliquid
BREAKING: The proposed US-Iran peace deal includes a $300 billion reconstruction fund for Iran, per NYT.
The program is being called an international "investment fund," which the US would facilitate in the final deal.
This comes as Iran demands "reparations" to end the war.