hyperliquid's hip-3 lets you stake 500k hype tokens to create your own perp market and capture trading fees. projects paying binance $2m for a futures listing when they could stake $20.5m in hype, keep the tokens, and collect fees forever. hype up 152% since buybacks started, every other perp dex down 36-58%. that 500k staking requirement per market creates the supply shock nobody sees coming. ...

Hyperliquid has activated its HIP-3 network upgrade, opening the door for developers to launch their own perpetual decentralized exchanges (perp DEXs) without centralized approval. The upgrade, which went live on October 13, 2025, at 9:15 a.m. UTC, marks one of the biggest structural changes in the protocol’s history, effectively making Hyperliquid a permissionless platform for all derivatives. Source: Hyperliquid Discord With HIP-3, qualified developers can deploy perpetual contract markets by staking ...

one of the biggest mistakes i have made this cycle was refusing to farm airdrops on high-potential protocolsi mostly did this because i felt it wasn't worth my time, but that has been a very costly mistake in hindsightsome numbers that put things in perspective:- average early Hyperliquid user got airdropped 2,915.66 $HYPE tokens = $136,161.322 today- one user got airdropped 970,000 $HYPE = $65.7 million today- many users got airdropped what is worth 7 figures nowi had every opportunity to farm HYPE at the ...

PayPal's David Knox heads to Hyperion DeFi. | Credit: Photo by Justin Sullivan/Getty Images. Key Takeaways Hyperion is a leading HYPE treasury with over 1.71 million HYPE tokens. Crypto treasury firms are rapidly emerging as a new favorite for institutional investors. BTC, ETH, SOL, and BNB are some of the top crypto picks for digital asset treasury companies. David Knox, a heavyweight from global payments behemoth PayPal, is making an ambitious career move and has become the Chief Financial Offic ...

Core Insights - Arthur Hayes, co-founder of BitMEX, sold his entire stash of HYPE tokens, which he previously predicted could increase by 126 times, to fund a Ferrari Testarossa [1][2] - Following Hayes' exit, the HYPE token traded at $49.48, down 8% on the day but still up 660% since its launch at $6.51 last November [3][5] - Despite Hayes' departure, Hyperliquid's trading volume surged from $560 million in early August to a record $3.4 billion by August 24 [3] Company Performance - HYPE powers the Hyperliquid decentralized derivatives exchange, which has seen a significant increase in activity [3] - Daily trading volume for HYPE remains resilient, indicating that liquidity on Hyperliquid has not diminished despite Hayes' sale [5][6] - The fundamentals of Hyperliquid suggest it is scaling rapidly and is not solely dependent on Hayes [6] Market Sentiment - Hayes has a history of making bold predictions followed by abrupt changes in stance, leading to skepticism among crypto investors [4] - The broader question remains whether the anticipated "up only" market cycle will materialize in Q4 or if Hayes cashed out before a potential downturn [7]

RT Mike Novogratz (@novogratz)Proud of my friends at Unit and Hype! Impressive work. Full disclosure we are long $HYPE tokens. ...

Core Viewpoint - Lion Group Holding Ltd. has acquired additional SUI tokens, increasing its total investment in HYPE, SOL, and SUI to approximately $9.6 million, which is part of its strategic treasury reserve focused on next-generation Layer-1 blockchain ecosystems [1][2]. Group 1: Treasury Holdings - As of July 23, 2025, Lion Group's treasury holdings include 128,929 Hyperliquid (HYPE) tokens, 6,629 Solana (SOL) tokens, and 1,015,680 Sui (SUI) tokens [6]. - The company is committed to exploring strategic opportunities within the digital asset space and will provide periodic updates on its treasury reserve management [2]. Group 2: Company Overview - Lion Group Holding Ltd. operates a comprehensive trading platform that offers a variety of products and services, including total return swap (TRS) trading, contract-for-difference (CFD) trading, over-the-counter (OTC) stock options trading, and futures and securities brokerage [3].

Group 1 - Sonnet BioTherapeutics Inc. is undergoing a transformative business combination with Rorschach I, resulting in the creation of Hyperliquid Strategies Inc., a public cryptocurrency treasury company valued at approximately $888 million [1][2] - Hyperliquid Strategies will hold around 12.6 million HYPE tokens worth $583 million and $305 million in cash [1] - The new entity will be Nasdaq-listed under a new ticker and led by Bob Diamond as Chairman and David Schamis as CEO, with participation from major crypto investors like Galaxy Digital, Pantera Capital, and D1 Capital [2] Group 2 - Sonnet will become a subsidiary of Hyperliquid Strategies and will continue its biotech research and development, including the SON-1010 project [2] - The company plans to raise $5.5 million through private placement and shareholders will receive a contingent value right (CVR) related to Sonnet's legacy biotech assets [2] - In April, Sonnet released safety results for SON-1010 in a Phase 1b/2a trial, which has now advanced to the expansion phase based on positive feedback from the Safety Review Committee [3] Group 3 - The expansion phase will study the preliminary effect of the combination treatment before moving to a Phase 2a randomized comparison with the standard of care [4] - Following the news of the business combination, SONN stock surged by 151%, reaching $12.98 [4]

Core Viewpoint - Sonnet BioTherapeutics is pivoting into the cryptocurrency sector through a significant business combination valued at $888 million, leading to a substantial increase in its stock price [1][2]. Group 1: Business Combination Details - Sonnet has entered into an agreement with Rorschach I LLC to form Hyperliquid Strategies Inc. (HSI), which will focus on cryptocurrency treasury operations [2]. - The transaction includes HSI holding approximately 12.6 million HYPE tokens valued at around $583 million and at least $305 million in cash at closing [3]. - The total valuation of the transaction is $888 million [3]. Group 2: Market Reaction - Following the announcement, Sonnet's stock price surged by 265%, reaching a pre-market high of $18.68, up from a closing price of $5.17 [1]. - Year-to-date, SONN shares have gained over 220% [1]. Group 3: Investor Participation - The transaction has attracted notable participation from prominent crypto investors, including Paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital [4]. Group 4: Leadership Structure - HSI's leadership will include Bob Diamond as Chairman of the Board and David Schamis as CEO, with additional board members including Eric Rosengren, former President of the Boston Federal Reserve [5]. Group 5: Future Plans - HSI plans to utilize its capital to acquire more HYPE tokens, aiming to become one of the largest strategic holders of the asset [6]. - The transaction is expected to close in the coming months, pending regulatory and shareholder approvals [6].