THE BLOCK: Hyperliquid Strategies reported raising $647M in equity capital and more than doubling its hyperliquid:native treasury to 29.3M tokens, valued at roughly $1.9B at the end of its fiscal year, while maintaining $149.9M in cash and no debt.
The company said it has since deployed $773.4M to acquire about 16.5M additional HYPE at an average cost of $46.77 and spent $27.8M repurchasing PURR shares, leaving $132.6M in cash as of Aug. 19. $PURR
WHALE ACCUMULATES $31.5M HYPE
A wallet accumulated ~387.95K $HYPE from @okx, @Bybit_Official, @Gate, and another wallet over the past day.
More than 308K $HYPE was then deposited into Hyperliquid.
HL transfer Address:
0x155adFf0BB1C2E9BbB608C50157e37D686FAf9f4
Hyperliquid Ecosystem 48H Recap #27
✅HPC (@HyperliquidPC): HPC Urges the SEC and CFTC to Adopt a Harmonized Framework for Perpetual Contracts.
✅entropyio (@entropyIO): EntropyIO launches the first liquid perpetual futures market for Anthropic on Hyperliquid.
✅Kinetiq (@Kinetiq_xyz): Kinetiq is ushering in a new era for Hyperliquid, with Elysium L2.
✅HyperLend (@hyperlendx): Announced LTV updates for HYPE looping (E-Mode).
✅Felix (@felixprotocol): Felix spot equities has crossed $50,000,000 in volume since launch.
✅Hyperbeat (@hyperbeat): Launched first $AUD (Australian Dollar) and $PLN (Polish Złoty) offramps on Hyperliquid.
✅Valantis Labs (@ValantisLabs): API Trading is now free. Trade any @HyperliquidX,@tradexyz, and @entropyIO market with lower fees than Hyperliquid base-tier.
✅Liquid (@liquidtrading): Trade Anthropic pre-IPO now on Liquid via EntropyIO.
✅Markets (@Markets_xyz): Launched new F1 Singapore competition on web terminal.
✅Strike (@strikeperps): Strike launches Copy Trading – copy top Hyperliquid traders.
✅ZeruAI (@zerufinance): The Hyperliquid Zapperboard is live.
The buying pressure for $HYPE is getting scary right now:
▫️ETFs just recorded their highest back-to-back daily inflows at $5M+ (last 30days)
▫️$PURR continues buying $HYPE onchain while trading at a ~20% mNAV premium, sitting on $1B+ of uPNL, increasing HYPE/share every quarter, and doing an outstanding job onboarding TradFi
▫️$14–16M in monthly $HYPE buying pressure coming from AQA v2 yield with USDC supply at ATH
▫️Crypto trading volumes likely bottomed
▫️HyperEVM fees at ATH
▫️Builder codes revenue at YTD ATH
▫️Regulatory clarity likely brings more traders, builders and deployers, ultimately leading to an exponentially growing universe of assets, with more competition driving more innovation
And the list goes on...
Triple digits soon. Hyperliquid.
UPDATE: WINTERMUTE NOW HOLDS $211.53M IN SHORTS, WHILE HALVING ITS $HYPE SHORT 🐻
Wintermute has increased its Hyperliquid short exposure from $190.77M to $211.53M since our last update.
At the same time, its $HYPE short dropped from $11.43M to $5.60M.
Top short positions:
• $BTC: $70.80M
• $ETH: $53.83M
• $SOL: $17.63M
• $XRP: $7.41M
• $DOGE: $6.79M
Current unrealized PnL: -$4.12M
Funding earned: +$2.27M
Address: 0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00
⚠️ EXPLOIT HAPPENING RIGHT NOW ON THE LATEST @fomo iOS APP ⚠️
6 hours ago FOMO updated its iOS app for "Small bug fixes" and they must have accidentally added something malicious in its new code.
A friend of mine opened his phone around 15 mins ago to place a trade and his balance got drained instantly.
It was 662 SOL worth around $62k, might not be a lot of money to some of you guys but it was almost everything he had.
He could literally watch the funds moving on-chain, but on the FOMO app it still showed as if his balance was there.
He thought the app was non-custodial, idk what happened here.
So far reports have shown that the Android version of the app is unaffected and this is only targeting iOS users.
Please be careful everyone, the estimated damage is around $6m so far.
I'd suggest to delete the app for now until there's more clarity and whether the team will refund the lost money.