The Taiwanese celebrity closed his position at a $4.5 million loss as Hyperliquid’s market share continued to lose ground to other decentralized exchanges.
Forward Industries plans to tokenize its shares and allow users to use them as collateral within Solana’s DeFi lending ecosystem.
A crypto asset manager wants future HYPE emissions and community rewards to be cut, slicing its token supply by 45% in a bid to make HYPE easier to value.
Investors didn’t take too kindly to new crypto acquisitions from treasury companies on Monday, while announcements from crypto-pivoting businesses had the opposite effect.
ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets.
Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels.
XRP’s bearish chart pattern signalled a possible price correction toward $2, but analysts were still convinced of a continued uptrend to double-digits.
The whale started withdrawing their HYPE tokens after nine months of holding, with an unrealized profit of about $90 million.
Bitcoin ETFs drove crypto fund gains last week, posting four consecutive weeks of inflows totaling $3.9 billion, according to SoSoValue.
Hyperliquid’s HYPE token faces a monthly supply overhang of $410 million due to its vesting schedule, warned Arthur Hayes’ Maelstrom Fund.