Hyperliquid

Hyperliquid

Markets

Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid

Leveraging its $550 million acquisition of Bitnomial, Payward aims to become the first registered U.S. exchange to deploy markets on the Hyperliquid protocol.

Payward and Kraken co-CEO Arjun Sethi.

Finance

Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals

U.S. prosecutors allege two engineers used confidential Robinhood token listing data to front-run announcements using Hyperliquid perpetual futures.

U.S. Office of the Attorney General in Washington. (Jesse Hamilton/CoinDesk)

Videos

CLARITY stalls, Kalshi heads toward SCOTUS & Wall Street goes onchain

CoinDesk’s The Policy Protocol hosts Rebecca Rettig and Renato Mariotti break down the Ninth Circuit’s ruling against prediction markets like Kalshi, New Jersey’s push to bring the fight before the Supreme Court, and the SEC’s new roundtable on 24/7 trading featuring a roster of TradFi heavyweights. Then, Katherine Kirkpatrick Bos, Head of Legal at Chainlink, joins the show to discuss 21 global banks planning a joint stablecoin and what it could mean for Circle and Tether, why Kraken’s Bitnomial acquisition could offer a “creative” path to bring Hyperliquid onshore, and the London Stock Exchange’s push to bring its 100 largest companies onchain. Plus, Kirkpatrick makes the case that legislation remains the only durable way to “future-proof” crypto, while Rebecca and Renato debate whether Congress is entering a post-CLARITY era.

CLARITY stalls, Kalshi heads toward SCOTUS & Wall Street goes onchain

Finance

North Korean hackers are moving tens of millions on Hyperliquid as Trump pushes to onshore the crypto platform

Blockchain data reviewed by CoinDesk shows wallets tied to North Korea’s Lazarus Group sold more than $30 million in bitcoin on the platform in the last three weeks alone.

North Korea has become the single most aggressive state actor operating in the crypto space today (Getty Images/BirgitKorber)

Videos

SEC drops 'Reg Crypto' rulemaking: do we still need Clarity?

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on President Trump's White House remarks about bringing Hyperliquid onshore, then dig into Judge Vernon Oliver's Connecticut ruling that slammed the CFTC's emergency order in the Kalshi fight. Alexander Zozos, General Counsel of Superstate and a former SEC staffer, joins the hosts to break down what “Reg Crypto” actually does: two fundraising exemptions plus a safe harbor that acts as a "barbell" on when securities laws apply, solving crypto's "Hotel California" problem of checking in but never checking out. Plus, Rebecca and Renato debrief on whether the rule is a foundation or a window, and name crypto lawyers as their Person of the Week.

SEC drops 'Reg Crypto' rulemaking: do we still need Clarity?

Markets

HYPE jumps 11% as Trump says CFTC is working to bring Hyperliquid to U.S.

During a White House meeting Wednesday, President Donald Trump said CFTC Chair Mike Selig is working to bring the perpetual futures platform into the U.S. under federal rules.

CoinDesk

Markets

Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price

Hyperliquid traders value Unitree at nearly $38 billion versus $9 billion at its IPO, leaving leveraged bets vulnerable when trading begins, Allium analysts said.

Unitree robot at the company's store during its opening at the JD.com Inc. Shuangjing shopping center. (Fred Lee/Getty Images)

Markets

JPMorgan says Hyperliquid ETF inflows have stalled as competition mounts

After leading crypto ETF inflows in May and June, demand for Hyperliquid funds stalled in July and August as competition intensified, the bank said.

Trading desk. (TyliJura/Pixabay)

Markets

Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid

Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.

Chart of Sk Hynix perp flash crash on Hyperliquid. (Hyperliquid)

Finance

Hyperliquid plans to add decentralized prediction markets in upgrade to HIP-4

Permissionless prediction markets will become available first on testnet and later on mainnet, Hyperliquid said.

Hyperliquid founder Jeff Yan