Latest news with #Hyperliquid
Yahoo
11 hours 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
2 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]
Yahoo
4 days ago
- Business
- Yahoo
DeFi Technologies to Manage Nuvve's HYPE Treasury Strategy Through Newly Launched DeFi Advisory Business Line
DeFi Technologies has launched its DeFi Advisory business line to provide institutional-grade digital asset treasury solutions for public companies, offering asset management, trade execution, and strategic advisory through an integrated platform. The Advisory division's first mandate is with Nuvve Holding Corp., which has appointed DeFi Technologies to manage its HYPE token treasury strategy, including custody, OTC execution via Stillman Digital, and performance optimization. DeFi Technologies will earn recurring management fees based on treasury AUM, paid quarterly in either equity or cash, reinforcing the Company's scalable, fee-based business model as public market participation in digital assets accelerates. TORONTO, July 21, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance, is pleased to announce that its newly launched DeFi Advisory business line has been engaged to act as the asset manager for Nuvve Holding Corp.'s (Nasdaq: NVVE) recently announced HYPE treasury strategy. Nuvve, a global leader in vehicle-to-grid (V2G) technology and grid modernization, has expanded its corporate treasury policy to include HYPE—the native token of Hyperliquid and one of the world's fastest-growing decentralized exchanges (DEX). The investment reflects Nuvve's commitment to long-term growth, digital innovation, and responsible participation in the decentralized finance ecosystem. DeFi Advisory, established to provide institutional-grade digital asset treasury solutions for public companies, will oversee secure custody, execute OTC transactions, and manage active strategies to optimize the performance of Nuvve's HYPE position. Compensation for these services will be paid quarterly based on a percentage of AUM in the form of either equity (warrants or shares) or cash, at Nuvve's discretion. The agreement also includes the use of Stillman Digital, a DeFi Technologies subsidiary, to execute OTC transactions and support Nuvve's ongoing digital asset purchases. "DeFi Advisory represents a significant evolution in our business model—transforming our existing research and execution infrastructure into a dedicated, institutional-grade service offering," said Olivier Roussy Newton, CEO of DeFi Technologies. "As more public companies evaluate digital asset strategies, there's a clear need for credible, compliant, and customized advisory solutions. Through this partnership with Nuvve, we're demonstrating how public market participants can strategically engage with the decentralized economy in a secure and scalable way." This new DeFi Advisory business line positions DeFi Technologies to further capitalize on the accelerating wave of public digital asset treasury companies being formed across global markets. With proven in-house infrastructure in Exchange Traded Products (ETPs), trading, custody, and research, DeF Technologies is uniquely equipped to support these companies in navigating go-public transactions, managing digital asset portfolios, and executing institutional-grade trades, all under one roof. The DeFi Advisory division complements DeFi Technologies's existing business units, enabling a multi-pronged approach to supporting the next generation of digital asset companies. Additional mandates are already in the pipeline and expected to be announced in the coming months. About Nuvve Holding Holding Corp. (NASDAQ: NVVE) is a global leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Nuvve's platform enables electric vehicles to store and discharge energy, transforming EVs into mobile energy resources and helping to stabilize the grid. Nuvve's mission is to lower the cost of EV ownership while supporting the transition to a cleaner, more resilient energy infrastructure. For more information, visit About DeFi TechnologiesDeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About ValourValour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman DigitalStillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity ResearchReflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AGNeuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Analyst Coverage of DeFi Technologies A full list of DeFi Technologies analyst coverage can be found here: For inquiries from institutional investors, funds, or family offices, please contact: ir@ Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the appointment of DeFi Advisory as the asset manager for Nuvve; the business plans of DeFi Advisory; returns generated by DeFi Advisory pursuant to its asset management mandates; ; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE View original content to download multimedia: SOURCE DeFi Technologies Inc. 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
Cision Canada
4 days ago
- Business
- Cision Canada
DeFi Technologies to Manage Nuvve's HYPE Treasury Strategy Through Newly Launched DeFi Advisory Business Line
DeFi Technologies has launched its DeFi Advisory business line to provide institutional-grade digital asset treasury solutions for public companies, offering asset management, trade execution, and strategic advisory through an integrated platform. The Advisory division's first mandate is with Nuvve Holding Corp., which has appointed DeFi Technologies to manage its HYPE token treasury strategy, including custody, OTC execution via Stillman Digital, and performance optimization. DeFi Technologies will earn recurring management fees based on treasury AUM, paid quarterly in either equity or cash, reinforcing the Company's scalable, fee-based business model as public market participation in digital assets accelerates. TORONTO, July 21, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance, is pleased to announce that its newly launched DeFi Advisory business line has been engaged to act as the asset manager for Nuvve Holding Corp.'s (Nasdaq: NVVE) recently announced HYPE treasury strategy. Nuvve, a global leader in vehicle-to-grid (V2G) technology and grid modernization, has expanded its corporate treasury policy to include HYPE—the native token of Hyperliquid and one of the world's fastest-growing decentralized exchanges (DEX). The investment reflects Nuvve's commitment to long-term growth, digital innovation, and responsible participation in the decentralized finance ecosystem. DeFi Advisory, established to provide institutional-grade digital asset treasury solutions for public companies, will oversee secure custody, execute OTC transactions, and manage active strategies to optimize the performance of Nuvve's HYPE position. Compensation for these services will be paid quarterly based on a percentage of AUM in the form of either equity (warrants or shares) or cash, at Nuvve's discretion. The agreement also includes the use of Stillman Digital, a DeFi Technologies subsidiary, to execute OTC transactions and support Nuvve's ongoing digital asset purchases. "DeFi Advisory represents a significant evolution in our business model—transforming our existing research and execution infrastructure into a dedicated, institutional-grade service offering," said Olivier Roussy Newton, CEO of DeFi Technologies. "As more public companies evaluate digital asset strategies, there's a clear need for credible, compliant, and customized advisory solutions. Through this partnership with Nuvve, we're demonstrating how public market participants can strategically engage with the decentralized economy in a secure and scalable way." This new DeFi Advisory business line positions DeFi Technologies to further capitalize on the accelerating wave of public digital asset treasury companies being formed across global markets. With proven in-house infrastructure in Exchange Traded Products (ETPs), trading, custody, and research, DeF Technologies is uniquely equipped to support these companies in navigating go-public transactions, managing digital asset portfolios, and executing institutional-grade trades, all under one roof. The DeFi Advisory division complements DeFi Technologies's existing business units, enabling a multi-pronged approach to supporting the next generation of digital asset companies. Additional mandates are already in the pipeline and expected to be announced in the coming months. About Nuvve Holding Corp. Nuvve Holding Corp. (NASDAQ: NVVE) is a global leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Nuvve's platform enables electric vehicles to store and discharge energy, transforming EVs into mobile energy resources and helping to stabilize the grid. Nuvve's mission is to lower the cost of EV ownership while supporting the transition to a cleaner, more resilient energy infrastructure. For more information, visit About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Analyst Coverage of DeFi Technologies A full list of DeFi Technologies analyst coverage can be found here: For inquiries from institutional investors, funds, or family offices, please contact: ir@ Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the appointment of DeFi Advisory as the asset manager for Nuvve; the business plans of DeFi Advisory; returns generated by DeFi Advisory pursuant to its asset management mandates; ; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Yahoo
14-07-2025
- Business
- Yahoo
Why is XRP Up Today? Whale-Driven Rally Sends Ripple to Nearly $3
What to know: XRP rallied 8% from $2.58 to $2.78 between July 11 06:00 and July 12 05:00, with an intraday high of $2.96 at 15:00 before retracing. Afternoon price action saw exceptional volume — over 375M between 13:00–15:00 — with buyers repeatedly defending the $2.70–$2.75 zone. A $14.03M leveraged long was opened on Hyperliquid at $2.30, signaling aggressive whale positioning. Analysts now target $2.90–$3.40 as the next resistance band, citing bullish structure and capital inflows. News BackgroundWhale wallets have ramped up exposure in recent sessions, most notably with a $14M long established on derivatives venue Hyperliquid. The trade coincides with a breakout from an ascending triangle structure and a growing belief among technical analysts that the $2.90 region, once cleared, could spark a fast leg toward $3.40 and beyond. This comes as Ripple's broader ecosystem — including RLUSD stablecoin momentum and cross-border settlement integrations — continues to attract institutional interest. Price Action Summary Range: $0.35 | Low: $2.58 → High: $2.96 Peak Time: 15:00 | Sharp retracement followed, but price held above $2.70 Support Zone: $2.70–$2.75, where demand remained intact through multiple tests Final Hour (04:55–05:54): XRP rose from $2.76 → $2.79 (+1%) Volume Spike: 2.6M between 05:30–05:35 validated breakout toward session close Technical Analysis Price formed an ascending triangle with higher lows and horizontal resistance tests Total trading range of $0.35 = 14% volatility on session Afternoon resistance at $2.96; consolidation at $2.78 Key breakout zone remains $2.90–$3.40; breach would likely trigger accelerated upside Late-session breakout confirmed by real volume, not thin order books — a key bullish sign What Traders Are Watching Can XRP flip $2.80–$2.85 into a new base? Watch for reaction near $2.90; a clean move through that zone with >200M volume may open path to $3.40 Failure to hold above $2.70 could invite pullback toward $2.58–$2.60 Whale long at $2.30 continues to act as downside anchor for bullish bias TakeawayReal flows, strong technical structure, and aggressive leveraged positioning underpin XRP's 8% daily move. The $2.96 rejection showed local resistance, but recovery into the close points to renewed strength. A confirmed breakout above $2.90 could mark the start of a new bullish leg — with traders already eyeing $3.40 and, in ultra-bullish cases, $5+ as long-term Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. 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
