In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
[ ZOOMER ]
HYPERLIQUID POLICY CENTRE FILE RESPONSE TO CFTC'S REQUEST TO IDENTIFY FUTURE REGULATION, ASKING TO FORMALLY RECOGNISE THAT ONCHAIN PROTOCOLS DO NOT REQUIRE REGISTRATION, THAT NON-CUSTODIAL WALLETS DO NOT PERFORM THE ROLE OF FINANCIAL INTERMEDIARIES, AND TO GIVE A CLEAR PATH TO RUN REGULATION FUNCTIONS ONCHAIN: BLOG
Lighter had to commit a huge amount of LIT tokens as rewards and incentives to become Robinhood’s official perps partner — basically paying upfront for distribution.
Hyperliquid? VALR (Africa’s largest crypto exchange) simply integrated Hyperliquid’s permissionless infrastructure using builder codes. No tokens paid, no heavy commitments
One buys access. The other gets chosen because the tech is open and superior.
Hyperliquid.
This Whale is staking $HYPE aggressively
A newly identified whale address, "0x643," executes a $6.4M withdrawal of 88,350 $HYPE from OKX, Gate, Kraken, and Bybit.
This transaction marks the latest phase of an aggressive accumulation strategy that has seen the entity drain liquid supply from four major trading venues over the last 16 days.
Since June 1, the address has moved a total of 1,229,524 $HYPE, valued at approximately $85.54M, into a dedicated staking contract.
The Bitwise Hyperliquid ETF $BHYP is now staking more than 1 million HYPE.
That’s part of the 7.8 million in HYPE ($580 million today) that individuals, institutions, and platforms currently stake through Bitwise Onchain Solutions validators.
As Hyperliquid continues to transform financial markets and trading, we’re thankful for the opportunity to give investors a variety of ways to get exposure to HYPE.
CZ on Hyperliquid:
“I think the Hyperliquid invention is actually awesome. They occupy a niche that Binance.. cannot compete. They don’t have KYC. They claim they’re decentralized… I would never do what they do, given what I’ve experienced… I assume they have good lawyers.”
Over the past day the largest trades by volume on hyperliquid were spacex perpetuals, hype, and XYZ100 nasdaq perpetuals. The platforms is migrating from only crypto focused trading to real world asset trading volume. Blockchain trading transparency with 24-7 availability.
The first real, 1:1 backed tokenized stocks are coming.
→ Own actual tokenized shares of U.S. companies
→ Trade, hold, and redeem - all onchain
→ Automatically receive dividends
No derivatives, no IOUs.
Welcome to the future of stocks.
Every chain has a memecoin that gets valued in billions.
It's a rite of tradition in crypto that it must happen for every new chain that launches.
Ethereum had $PEPE and $SHIB, Solana had $BONK and $WIF.
One memecoin always rises to the top and ends up sitting at billions.
Memes are also genuinely useful. They attract retail investors as a sort of marketing spectacle. It’s a way to onboard millions of users to a chain.
And they're fun!
Meme culture has generated billions of dollars in revenue for Solana and its ecosystem.
Right now a lot of that culture is rotating, Solana is dying and everyone is looking for where it should go next.
I think it should go to Hyperliquid, and there's a way to make it happen.
It's $MAX, Jeff's dog.
That's the whole thesis.
It's the founder's dog and now it's a coin. A place for everyone to start trenching somewhere that isn't a graveyard.
The distribution is the same logic that made $HYPE work, airdropped to other $HYPE holders and no insider allocation.
A memecoin living on Hyperliquid (fairly launched) traded on-chain, with a community forming around it.
If it takes off it will be the first billion dollar memecoin traded natively on an orderbook.
It also makes Hyperliquid into more than a DEX.
Max is, in a dumb and perfect way, proof of trenches.
Every coin that trades here, every joke that catches, is activity that used to go somewhere else.
The bet is simple:
Hyperliquid can host a big memecoin the way solana hosted BONK.
If it can, that's the clearest signal there is that the trenches have a new home.
I'm not promising Max is that coin, most memecoins go to zero and this one might too.
But a billion dollar runner is going to emerge on this chain eventually.
There's no law saying it has to be on Solana anymore.
MAX has no utility, it doesn't stake, secure, govern, or earn you a thing.
It is a picture of a dog, and it was airdropped to the Hyperliquid community at a rate of 10,000 $MAX per $HYPE.
Buy it if you think it's funny and you want to help drag the trenches somewhere better.
That's the entire reason to own it.
Every chain needs a dog coin.
Hyperliquid's is MAX.
https://t.co/U5go8VZUgj
hyperliquid:native IS HYPING
Around $23M of buy TWAP pressure is set to hit $HYPE over the next 24 hours.
A big week is ahead of us.
$100 by the end of June? Why not.
Hyperliquid.
Threadguy reveals Hyperliquid was the only venue on earth that didn't break during the SpaceX IPO
"What Hyperliquid pulled off on the SpaceX pre-IPO was absolutely incredible. So much volume, so much OI, the market was so liquid, and it predicted the price almost perfectly. The last quote that came out was 150, and within 10 minutes of the IPO it was at 175. It was wild how accurate it was."
"And here's the crazy part. The moment the IPO went live, Robinhood was down, Coinbase was down, Bybit had to refund everybody that participated, Binance had to refund everybody that participated, and Hyperliquid was the only venue on the planet with absolutely no problems. Very impressive tech performance on the biggest IPO in history."
With over $200B of trading volume in the US alone, we'll just call them what they always were.
US Perps.
22 assets. Institutional-grade liquidity. No expiration.
Live on Coinbase (for a year now).