In less than three years, Hyperliquid has become one of the dominant players in crypto trading, notching volumes that rival long-established exchanges like Binance and Coinbase. Now, the firm is looking to flex its political muscle, too. On Wednesday, the Hyperliquid Policy Center launched in Washington, D.C., with the goal of creating a legal pathway for widespread decentralized finance, or DeFi, adoption in the United States. The inaugural CEO of the new body is Jake Chervinsky, a longtime cryptocurre ...

Core Insights - Hyperliquid (HYPE) has shown strong performance against the broader crypto market, with a notable price increase of 60% from $20.6 to $33.6, despite the overall market capitalization dropping from $3.2 trillion to $2.2 trillion [2][4]. Group 1: Market Performance - HYPE's price increase is attributed to internal catalysts that have outweighed the selling pressure in the broader market [4]. - The trading volume for HIP-3 futures contracts on Hyperliquid has surged, contributing to HYPE's momentum [4][5]. - A significant listing on Coinbase has enhanced liquidity and demand for HYPE, allowing it to absorb selling pressure during market declines [6][7]. Group 2: Institutional and Retail Interest - Ripple Prime's opening of institutional access to Hyperliquid's on-chain derivatives tools has supported liquidity and broader adoption [6]. - The absence of HYPE on Binance may be advantageous, as it helps the token avoid widespread sell-offs, attracting both institutional and retail investors [7]. Group 3: Liquidation Dynamics - Hyperliquid accounted for over $630 million of the $2.6 billion liquidated in a 24-hour period, indicating that larger liquidations can push HYPE's price higher [8].

（来源：吴说） 吴说获悉，据 Delphi Digital 统计，其行业板块仪表盘中自 2025 年 1 月以来约 97% 的山寨币处于下跌 状态，平均回撤约 78%；121 个标的中仅 3 个录得上涨，分别为 HYPE、SYRUP 与 BCH。 ...

Market Overview - The financial markets experienced a comprehensive sell-off, with the cryptocurrency market facing a "crash-like" decline, where Bitcoin fell over 12% and Ethereum dropped over 13% [1][13] - Over 430,000 traders were liquidated in the cryptocurrency market within 24 hours, with a total liquidation amount reaching $2.069 billion [3][16] - The U.S. stock market also saw significant declines, with all three major indices dropping over 1%, and the Nasdaq experiencing its worst three-day sell-off since April of the previous year [1][20] Cryptocurrency Market - Bitcoin's price fell to approximately $63,860.8, marking a daily decline of 12.81%, while Ethereum dropped to $1,867.6, down 13.1% [14][15] - Other cryptocurrencies such as XRP, SOL, and Dogecoin also faced substantial losses, with XRP plummeting over 22% [14][15] - Since reaching its peak in October of the previous year, Bitcoin's price has fallen over 48%, with its market capitalization shrinking from $2.48 trillion to $1.27 trillion [15][16] Liquidation Data - The total liquidation amount in the cryptocurrency market reached $2.069 billion, with significant amounts liquidated in various time frames, including $756 million in one hour and $1.719 billion in 12 hours [4][16] - The market sentiment has shifted towards risk aversion, driven by substantial liquidation sizes and a lack of bullish narratives [16][18] U.S. Stock Market - The U.S. stock market faced a severe downturn, with the Nasdaq falling 1.59%, marking the most significant three-day sell-off since April of the previous year [20][21] - Major tech stocks such as Amazon and Microsoft saw declines exceeding 4%, while Tesla and Nvidia also experienced notable drops [20][21] - The software sector was particularly hard hit, with companies like FactSet and Thomson Reuters seeing stock prices plummet [21] Employment Data Impact - Weak employment data contributed to the market's bearish sentiment, with U.S. employers announcing 108,435 layoffs in January, the highest for that month since the global financial crisis [21] - Initial jobless claims also rose more than expected, indicating potential economic instability [21] Precious Metals Market - The precious metals market was not spared, with silver prices dropping over 19% and gold falling more than 3% [22] - Following the recent declines, the Chicago Mercantile Exchange announced adjustments to margin requirements for gold and silver futures [24]

Core Viewpoint - Hyperliquid Strategies Inc will host a live webcast on February 11, 2026, to present its financial and operational results for Q4 2025, focusing on its treasury strategy and HYPE token accumulation [1][2]. Group 1: Company Overview - Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury platform aimed at maximizing shareholder value through the accumulation of HYPE tokens, which are integral to the Hyperliquid ecosystem [3]. - The company is positioned as the largest HYPE-focused digital asset treasury vehicle, capitalizing on the rapid growth of Hyperliquid and providing exposure to significant revenue pools in digital assets [3]. Group 2: Webcast Details - The webcast will feature senior management, including CEO David Schamis and CFO Brett Beldner, discussing the company's treasury strategy, capital deployment initiatives, and alignment with Hyperliquid's growth [2]. - An audio webcast format will include a Q&A session, with registration encouraged in advance [4].

Group 1 - Gold prices saw an intraday increase of 1.14%, reaching $5021.01 per ounce, but later fell below $4970 per ounce, showing a slight decline of 0.01% [1] - Silver prices dropped below $88 per ounce, with a decrease of 0.18% [1] - Bitcoin experienced a significant sell-off, dropping over 5% to $72646 per coin, while other cryptocurrencies like SOL and ETH also saw declines of over 7% and 5% respectively [1][2] Group 2 - The recent decline in Bitcoin has raised questions about its status as "digital gold," as it failed to act as a safe haven during increased geopolitical uncertainty [4] - Notable investor Michael Burry warned that Bitcoin has revealed its speculative nature, lacking the hedging function that precious metals provide [4] - Galaxy Digital's CEO Michael Novogratz noted a shift in market sentiment, indicating that the previously strong belief in holding Bitcoin has diminished, leading to increased selling [4]

Core Viewpoint - Gold and silver prices surged, with gold surpassing the $5000 mark and silver rising to $89.08 per ounce, indicating a strong market response to geopolitical developments [1][2]. Group 1: Precious Metals - As of February 5, gold was priced at $5011.79, reflecting an increase of 0.88% and a year-to-date rise of 16.06% [2][5]. - Silver was priced at $89.08, with a slight increase of 0.44% and a year-to-date rise of 24.45% [2][5]. - COMEX gold reached $5015.90, up 1.31% with a year-to-date increase of 15.00%, while COMEX silver rose by 4.39% to $88.10, with a year-to-date increase of 24.12% [2][5]. Group 2: Cryptocurrency Market - Bitcoin experienced a significant decline, dropping nearly 4% to $72646, while Ethereum (ETH) and XRP also fell over 4% [2][3]. - The total market capitalization for Bitcoin was reported at $1015.73 billion, with a 24-hour trading volume decrease of 10.85% [3][6]. - Over the past 24 hours, more than 140,000 traders faced liquidation, indicating a turbulent trading environment [2][4]. Group 3: Market Sentiment - The recent drop in Bitcoin's price has raised questions about its status as "digital gold," with some analysts suggesting a potential "crisis of confidence" in cryptocurrencies [7]. - Pimco's managing director expressed that the narrative surrounding Bitcoin as "digital gold" is weakening, suggesting that the cryptocurrency may not represent a monetary revolution [7].

Market Overview - Gold and silver prices surged, with gold surpassing $5000, and silver rising to $89.08 per ounce, reflecting a 0.88% increase for gold and a 0.44% increase for silver year-to-date [1][2] - The COMEX gold price reached $5015.9, marking a 1.31% increase, while COMEX silver rose by 4.39% to $88.1 [2] Cryptocurrency Market - Bitcoin experienced a significant drop of nearly 4%, trading at $72646, while Ethereum and XRP also fell over 4% [2][3] - The total liquidation in the cryptocurrency market exceeded $6.1 billion in 24 hours, indicating a high level of market volatility [4] Geopolitical Factors - The resumption of US-Iran nuclear negotiations, initially scheduled for February 6, was influenced by urgent discussions among Middle Eastern leaders with the Trump administration [2] - This geopolitical development may have contributed to the fluctuations in gold and silver prices, as they are often seen as safe-haven assets during times of uncertainty [1][2] Semiconductor Sector - The US semiconductor market faced a downturn, with AMD shares dropping over 17% and SanDisk nearly 16%, indicating potential challenges within the sector [5]

Group 1 - Hyperliquid, a fast-growing decentralized exchange (DEX), is expected to attract new users following Ripple's announcement of support through its institutional prime brokerage platform [1] - The Ripple Prime integration enables institutional clients to access on-chain derivatives liquidity while cross-margining their DeFi positions with various asset classes, including crypto and foreign exchange [2] - Ripple Prime International CEO Michael Higgins stated that this strategic extension into DeFi will enhance liquidity access for clients, providing the efficiency and innovation demanded by institutional clients [3] Group 2 - Hyperliquid has evolved by adding perpetual futures markets for assets like gold, silver, and copper, leading to increased trading activity and significant liquidations amid market volatility [4] - The platform is planning to introduce "outcome trading" to tap into the growing prediction markets [4] - The price of HYPE has increased nearly 33% over the last month, while XRP has seen a decline of 20% over the past week due to a broader crypto market downturn [5]

Group 1 - Arthur Hayes sold PENDLE, ENA, and LDO, and subsequently purchased HYPE [1] - In the past 24 hours, 57,881 HYPE were bought, valued at approximately $1.91 million [1] - Current holdings of HYPE amount to 131,807, valued at around $4.33 million [1]