🚨 NEW: Hyper Foundation is providing roughly $10M in grants to help builders offset costs from the USDH sunset as they migrate to USDC by the end of July.
I am proud to publicly announce Hyper Holdings Global @HyperHoldings today. We are a consortium of investors, institutions and entrepreneurs with a mission to bridge the gap between legacy finance and the Hyperliquid ecosystem.
The first step towards this is in our strategic alignment with @Grayscale as they launch their Grayscale Hyperliquid Staking ETF $HYPG. For over a decade, Grayscale has been a pioneer of digital assets within the traditional financial system and has some of the deepest ties with US regulators and policymakers. They established the first publicly-quoted Bitcoin fund and secured the legal precedent that opened the door to spot crypto ETPs.
They have consistently used their positioning to protect and promote crypto, and now are helping shape policy and educate investors that will directly impact Hyperliquid's future.
$HYPG serves as an on ramp to bring serious, long term capital into the Hyperliquid ecosystem. This represents a historical moment in HYPE’s history and we are proud to be a part of this launch with Grayscale.
I want to thank every investor of this initiative and appreciate their patience and coordination as we worked to make this a success over the last several weeks. I am pleased to be joined by @multicoin, @hypurrdash, @MotusAk and other strategic individuals from around the world as we kick things off.
This is just the beginning. More to come soon.
Hyperliquid
1/ Multicoin published a full analysis & valuation of Hyperliquid (HYPE).
HYPE is now one of the largest positions in our liquid hedge fund. We've been accumulating aggressively since February.
Here's why we believe HYPE will be one of the best performers over the next cycle:
UPDATE: Hyperliquid Strategies @HypeStrat increased their hyperliquid:native holdings from 27.8M to 28.7M hyperliquid:native ($1.82B)
Between June 11-18 they bought another 900k hyperliquid:native ($57.1M) at the current price of $63.4.
Usually when Hypestrat keeps buying this consistently, it means hyperliquid:native has likely bottomed somewhere around these levels.
Their analysts seem to have an excellent read on the market.