Latest news with #Hyperliquid
Yahoo
13 hours ago
- Business
- Yahoo
Pear Protocol Goes Live with Hyperliquid Integration and Announces $4.1M Strategic Round Led by Castle Island Ventures
London, UK, July 28th, 2025, ChainwirePear Protocol, the premier pair trading platform in crypto, has officially launched its native integration with Hyperliquid, unlocking seamless pair trading on top of the Hyperliquid perpetual orderbook. This launch coincides with the closing of a $4.1M strategic funding round led by Castle Island Ventures, with participation from Compound VC, Florin Digital and Sigil Fund. The raise comes as Pear Protocol nears $1BN in trading volume, powering over 4,000 traders with daily volumes in beta already above $5M+. 'Hyperliquid is where the best traders are, and Pear now provides the best way to pair trade on top of that liquidity,' said Huf, Founder of Pear Protocol. 'This round marks a turning point - our investors deeply understand the space, and together we're going full throttle on execution.' What This Means for Users With the Hyperliquid integration now live, traders on Pear can enjoy: Continued eligibility for any Hyperliquid Season 3 points and HyPear Points, converting into claimable $HYPE One-click entry and exit across both legs of a pair trade Limit and TWAP execution on the ratio, optimising entry and exits TP/SL logic based on the ratio for superior risk management Direct ratio charting, net funding differentials, and custom pair weighting tools Pear makes advanced strategies simple, mobile-friendly, and capital-efficient - whether you're trading HYPE/SOL or building custom ETH/BTC trades with beta-weighted logic. Strategic Use of Funds The new capital will be deployed to: Expand Pear's institutional-grade product suite Launch vaults and APIs on HyperEVM Re-launch their spot token with deeper liquidity on Hyperliquid's Spot Orderbook Accelerate user growth and talent acquisition Position Pear for long-term sustainability – including optional protocol buybacks and new revenue lines This round strategically aligns Pear Protocol with some of the most respected players in crypto venture, each bringing ecosystem reach, product insight, and long-term conviction. 'We believe Pear is building trading infrastructure for the next wave of DeFi-native professionals,' said Wyatt Khosrowshahi, Investor at Castle Island Ventures. 'They're connecting deep crypto-native liquidity with intuitive UX, timely education, and novel execution.' About Pear Protocol Pear Protocol is the leading DeFi-native pair trading terminal, enabling users to trade one token against another with high capital efficiency. With integrations across major venues including Hyperliquid, GMX and SYMMIO, Pear serves both professional retail and institutional users. Learn more at Users can follow Pear Protocol's Twitter (@pear_protocol) account for more Protocolhuf@ pear_protocol Permalink | © Copyright 2025 All rights reserved
Yahoo
2 days ago
- Business
- Yahoo
What's Next for Hyperliquid's HYPE Token? What Wall Street and Analysts Are Saying
Michael Saylor's controversial bitcoin treasury strategy is no longer fringe — it's being mimicked across corporate America. According to a recent Wall Street Journal report, companies have raised more than $85 billion in 2025 to buy cryptocurrencies for their corporate treasuries — more than double the amount raised in U.S. IPOs this year. Unlike in 2020, when MicroStrategy's Saylor stood alone in selling shares to buy bitcoin, a new wave of companies — from toy manufacturers to semiconductor firms — is executing similar strategies with institutional backing. Capital Group, Galaxy Digital, and D1 Capital are among the firms pouring cash into companies that raise funds to accumulate digital assets directly. The surge has extended beyond bitcoin to include lesser-known tokens, often with higher risk-reward profiles. One of the most prominent examples is Hyperliquid Strategies Inc. (HSI), a public crypto treasury company being formed to hold large reserves of HYPE, the native token of the Hyperliquid blockchain. How HSI Was Created: Atlas and Sonnet Join Forces The HSI initiative was first disclosed on July 14, when Sonnet BioTherapeutics (SONN) announced a reverse merger with Rorschach I LLC, a newly formed vehicle backed by Atlas Merchant Capital, Paradigm, and other high-profile crypto investors. The deal will transform Sonnet into a platform for executing a corporate crypto treasury strategy focused not on bitcoin or ether — but on HYPE, the native token of the Hyperliquid blockchain. Upon closing, the combined entity will be renamed Hyperliquid Strategies Inc. (HSI) and continue trading on the Nasdaq Capital Market. HSI will initially hold 12.6 million HYPE tokens, valued at $583 million at the time of signing, and will deploy at least $305 million more to acquire additional HYPE on the open market. If fully executed, this will create one of the largest institutional reserves of a single altcoin ever disclosed. According to Atlas CEO Bob Diamond, a former CEO of Barclays, who will chair the new company, the opportunity is not just financial — it's strategic. In his words, "We think HYPE is pretty special." Diamond said the team believes Hyperliquid offers a differentiated offering in the digital asset space, and that HSI is uniquely positioned to take advantage of it because of its mix of crypto-native and traditional financial leadership. Matt Huang, co-founder of Paradigm, said institutional demand for Hyperliquid has been rising, but noted that direct access to the HYPE token is still limited in the U.S. While Sonnet will become a wholly owned subsidiary of HSI and continue to manage its biotech programs, the company plans to divest non-core assets. Existing investors will receive contingent value rights (CVRs) tied to Sonnet's therapeutic portfolio. The board of HSI will include Bob Diamond and Eric Rosengren, the former president of the Boston Federal Reserve, alongside incoming financial leadership. The deal is backed by Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital and 683 Capital, and is expected to close in the second half of 2025. What Is Hyperliquid, and How Does the HYPE Token Work? Hyperliquid is the name of a decentralized exchange (DEX) and a high-performance layer-1 blockchain launched in 2023. It was designed to offer the speed and trading experience of centralized exchanges with the transparency and permissionless access of decentralized finance (DeFi). Its infrastructure includes two core layers: HyperCore, which powers high-speed spot and perpetual futures trading with on-chain order books —supporting over 200,000 orders per second. HyperEVM, a general-purpose smart contract layer compatible with Ethereum, enabling developers to build DeFi applications that can interact with HyperCore's liquidity. HYPE is the native token of the Hyperliquid ecosystem. It is used for staking, governance, trading incentives and as the core asset for value capture across the network. As of the time of writing, HYPE is the fifteenth largest cryptocurrency by market capitalization and Hyperliquid has processed over $1 trillion in cumulative trading volume. Analyst Commentary: Strong Fundamentals, Diverging Views The surge in institutional attention hasn't settled the debate around HYPE's valuation — despite its strong rally earlier this quarter from a low of $37.41 to nearly $50 (reached on July 14). At the time of writing, according to CoinDesk Data, HYPE is trading at $42.77, down 3.69% in the past 24-hour period. Crypto analyst "McKenna" suggested on Saturday that HYPE may still be undervalued based on revenue metrics. He estimated that if the token were trading at the same valuation multiple (known as SWPE, or sales-weighted price-to-earnings) it reached during its last market peak, its current 30-day average revenue of $3.2 million would imply a fair price of $77. His analysis uses a ratio comparing market cap to trailing platform revenue — a common method in both equity and token analysis. By contrast, "Altcoin Sherpa" signaled caution earlier today. While he praised HYPE's fundamentals — including high user activity, reliable tokenomics and strong team execution — he stated that the move from $9 to over $40 likely exhausted the short-term upside. He said he was holding a small staking position for long-term exposure but was not actively accumulating more at current prices. He suggested he'd wait for a more substantial pullback before increasing his allocation. The two views illustrate a key tension: even with high revenues and institutional backing, tokens like HYPE can become overextended in the short run — especially when driven by narrative momentum and speculative capital. Institutional Altcoin Bets Are Just Getting Started Whether HYPE continues climbing or cools from here, the creation of Hyperliquid Strategies Inc (HSI) marks a turning point in how corporate crypto treasury strategies are being executed. Unlike earlier models that focused on bitcoin as a digital reserve asset, HSI is being built around a single altcoin that didn't exist a year ago. With more than $888 million in combined token and cash commitments, the structure resembles a thematic crypto fund — but with a public listing and institutional leadership. If this approach proves successful, more firms may follow — raising capital not just to hold crypto, but to take concentrated positions in tokens they believe will define the next phase of digital finance.
Yahoo
3 days ago
- Business
- Yahoo
Hyperliquid competitor attracts $100m in deposits as airdrop hunters pile in
Another decentralised perpetual futures exchange is gaining attention, as investors pile in amid an airdrop campaign. Sector leader Hyperliquid ran a lucrative airdrop campaign last year, from which some of its users millions of dollars. The campaign inspired several competitors. Among the buzziest is edgeX, a layer 2 blockchain offering perpetual futures trading. EdgeX deposits have grown to over $100 million in July, a 1,000% increase since the start of the month. Launched in August 2024, the blockchain saw record trading volume of over $13.5 billion in November. But investors' deposits in the protocol have remained below $5 million since then, and by January, trading volume had dropped 89%, to $1.4 billion. In June 2025, the protocol introduced 'edgeX Open Season', the second season of its points programme. The programme rewards users with points for generating trading volume and referral trading volume, as well as using other features on the platform. Points first became widespread in the crypto industry in 2023, fueling breakneck growth for several protocols. That's because most investors assume points will be used to allocate tokens in a future airdrop. In June, EdgeX deposits jumped 64% from the protocol's February lows, to over $12 million. Volume grew 87%, to over $8 billion in that span. This momentum carried into July. EdgeX deposits have grown almost tenfold this month, reaching over $110 million, while fees hit almost $6 million. The protocol has also facilitated about $13 billion in perpetual futures trade volume this month. While that figure is slightly below its May 2024 peak, volumes are rising: EdgeX handled over $1 billion in volume on July 22, the largest day by volume in the project's history. The protocol's first points programme was introduced as the 'edgeX Points Alpha Season' in December. That one was less successful: EdgeX deposits and volume remained stagnant during the beginning of 2025. Instead of airdropping tokens when season one ended in May, the platform distributed the season's final trache of points and announced a second incentives campaign involving NFTs. NFTs were awarded to users who traded more than $25 million in volume, those whose referrals brought in more than $50 million in volume, and 'core community members.' NFT holders will eventually receive edgeX tokens and receive additional benefits, such as a 35% rebate on all perpetual futures trades. Such perks are also common in centralised exchanges such as Binance, which lowers fees for holders of its BNB token. Last November, Hyperliquid airdropped its token to early users. It was among the most profitable airdrops of the year and Hyperliquid has since become the largest onchain perpetual futures exchange. Zachary Rampone is a DeFi correspondent at DL News. Have a tip? Contact him at zrampone@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Hype News: Why is HYPE's price down today?
Hyperliquid (HYPE) dropped 2.39% in 24h due to Coinbase's new perpetuals competition, technical bearish signals, and broader market weakness. Coinbase Perpetuals launch threatens Hyperliquid's market share Technical indicators show bearish momentum (MACD < Signal Line) Market-wide dip: Total crypto market cap fell 1.36% 1. Primary catalyst: Coinbase Perpetuals competition Coinbase launched US-regulated perpetual futures on July 24, directly challenging Hyperliquid's position as the leading decentralized perpetuals platform. While Hyperliquid processed $249B in May 2025 volume, traders are reassessing whether CEX convenience could divert liquidity. The timing aligns with HYPE's price dip starting at 10:11 AM UTC+0 on July 24 – 11 minutes after The Defiant's critical analysis went live. 2. Technical context: Bearish momentum builds MACD crossover: Histogram turned negative (-0.372) as MACD (1.67) dipped below Signal Line (2.04) Key support breach: Price ($42.97) below 7-day SMA ($44.93) and EMA ($44.99) Fibonacci retracement: Testing 50% level at $42.67 – a breakdown could target $40.98 (61.8%) 24h volume rose 32.78% to $472M, suggesting active selling pressure. 3. Market dynamics: Altcoin rotation cools BTC dominance rose from 60.05% to 61.07% in 24h, pressuring alts Altcoin Season Index dropped 6.98% as risk appetite waned Fear & Greed Index dipped from 70 (Greed) to 67, reflecting caution HYPE's dip reflects sector-specific competition fears amplified by technical weakness and a cooling altcoin market. Will Hyperliquid's deep liquidity ($14B open interest) and upcoming Zircuit integration help it retain market share against CEX rivals? What is the latest news on HYPE? Hyperliquid faces rising CEX competition but maintains strong derivatives traction, with whale activity and airdrop speculation fueling volatility amid bullish forecasts. Coinbase Perpetuals launch challenges Hyperliquid's US market share. $3M whale leverage bet on ETH drives platform activity. Second airdrop rumors resurface after hedge fund losses tied to HYPE. . Market Metrics & Whale Activity Hyperliquid's open interest hit $14.7B (July 23), but HYPE dipped 2.6% to $42.83, reflecting mixed sentiment. A whale deposited $3M USDC for a 20x ETH long (July 24), amplifying liquidity inflows and protocol fee revenue. Despite this, the token's 7-day decline (-7%) suggests profit-taking after a 123% 90-day rally. 2. Regulatory & Competitive Shifts Coinbase's new US perpetuals (July 24) threaten Hyperliquid's dominance in non-KYC trading. However, analysts argue Hyperliquid's onchain transparency and lower fees (vs. CEXs) could retain advanced users. The CFTC's tacit approval of US perpetuals (via Chair Mersinger) validates the sector but intensifies competition. 3. Ecosystem Developments Zircuit's 'Hyperliquid' AI engine (July 24) risks brand confusion but highlights demand for cross-chain DeFi tools. Investment forecasts (July 24) project HYPE at $72 by 2025, citing its 70% DEX perpetuals market share and $185M spot volume debut. Airdrop farming resurfaces after Asymmetric Fund tied losses to unreleased rewards, hinting at future user incentives. Hyperliquid's duel with Coinbase and whale-driven volatility underscore its pivotal role in onchain derivatives, but sustainability hinges on differentiating its trustless model. Will HYPE's meme-like momentum overshadow its DeFi utility as altseason intensifies? Check out our HYPE page for more info.
Associated Press
7 days ago
- Business
- Associated Press
Fogo Launches Public Testnet: Fastest Layer 1 Blockchain Sets New Bar for Onchain Trading
Former TradFi executives from Jump, JP Morgan, Citadel, and Morgan Stanley launch the fastest Layer 1 blockchain to date CAYMAN ISLANDS, July 22, 2025 (Bitwire) -- Today, Fogo, an L1 blockchain enabling the greatest onchain trading experience with unprecedented speed, near-instant finality, and scalability, officially announced the launch of its public Testnet, introducing the fastest Layer 1 chain to date. Created for traders by a team of veteran traders from Citadel, JP Morgan, Morgan Stanley, and Jump, Fogo is the first Solana Virtual Machine (SVM) chain to feature native multi-local consensus and enshrined dApps built directly into the protocol, and will become the first live implementation of the Firedancer validator client in its purest form. 'With the launch of this Testnet, we're officially rewriting the standard for what DeFi has to offer,' said Douglas Colkitt, Initial Fogo Contributor and formerly at Citadel. 'We've rebuilt the trading stack from the ground up to build upon what Hyperliquid has made possible and bring it to the SVM ecosystem. With vertical integration, real-time latency, and fee-free execution, Fogo gives top traders and builders a new performance frontier that's fully onchain and fully prepared to deliver the next generation of performance-first blockchains.' Unlike most blockchain projects chasing speed with compromise, Fogo was engineered from the ground up to deliver institutional-grade execution without sacrificing decentralization or composability. This, combined with native infrastructure and vertical integration, positions Fogo as the first true performance-focused alternative to Hyperliquid. Key features and differentiators of Fogo include: 'Fogo represents a new wave of performance-maximized infrastructure,' said Kain Warwick, founder of Infinex and Fogo partner. 'For traders who care about execution, latency, and fairness, this is a major milestone and the evolution that DeFi desperately needs.' Fogo's public Testnet launch comes on the heels of a community-first funding round via Echo in January 2025, where the protocol raised $8M in just under two hours. Crypto investor Cobie called it 'a first' for Echo deals, praising Fogo's token distribution that favors the community over insiders. A private Testnet launched on March 31, 2025, following a Devnet rollout in January. The Fogo Testnet is an open invitation for developers, traders, and protocol builders to start experimenting with its vertically integrated architecture. The network is built to handle institutional-scale throughput with unmatched responsiveness, merging the speed and determinism of TradFi with the open, decentralized ethos of crypto. The Fogo Testnet is now live. Learn more about Fogo, access Testnet, and get signed up for future updates at About Fogo Fogo is the fastest L1 blockchain designed to deliver the greatest onchain trading experience. With its unique architecture and Firedancer implementation, the chain offers low latency, near-instant finality, and unparalleled scalability. As a purpose-built blockchain, Fogo incorporates a carefully constructed, vertically integrated tech stack. This includes a curated validator set, native price feeds, an enshrined DEX, and multi-local consensus validators to create a truly differentiated trading environment. Backed by a team of trading and engineering experts and driven by a vision to redefine what's possible, Fogo is setting the standard for high-performance blockchain infrastructure, perfectly balancing the decentralization vs performance tradeoff whilst maximizing performance and maintaining global censorship resistance. ### Media Contact: Melrose PR [email protected]
