House Oversight Chairman James Comer has requested records from Hyperliquid Labs, Crypto.com and PredictIt regarding user verification and suspicious trading activity, expanding an investigation into potential insider trading on prediction markets. The probe cites reports of a Hyperliquid short placed before an October 2025 tariff announcement.
Hyperliquid is testing HIP-3, an upgrade that introduces optional permissioned markets using on-chain allowlists controlled by independent deployers. The venue-scoped controls allow operators to restrict trading access to their own markets without affecting existing permissionless markets.
Hyperliquid activated its Aligned Quote Asset v2 framework on August 26, routing yield from billions in USDC reserves into automatic buybacks and burns of its HYPE token. Circle serves as technical deployer while Coinbase manages the treasury reserves.
Kinetiq, which controls approximately 82.5% of Hyperliquid's liquid staking market, announced the launch of Elysium, a new Layer 2 chain built on top of the Hyperliquid ecosystem. The L2 aims to improve HyperEVM performance, revive spot trading, and create a new KNTQ buyback engine using HYPE as the gas token.
Chinese humanoid robot maker Unitree is preparing for its debut on the Shanghai Stock Exchange amid a flood of investor applications, with crypto derivatives traders on Hyperliquid pricing the stock near $93 with potential 4x upside.
A Hyperliquid user lost approximately $550,000 in USDC on August 13 after clicking on a fraudulent Google search advertisement that led to a phishing website. The incident was identified by FlashRescue, with funds transferred to three attacker addresses.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, an 18-constituent benchmark that screens digital assets based on protocol revenue, market size, and liquidity. The index notably excludes Bitcoin, which does not generate protocol revenue, and includes Ethereum, BNB, Solana, Tron, and Hyperliquid as major holdings.
On July 16, 2026, T. Rowe Price listed TKNZ on NYSE Arca — the first actively managed multi-token spot crypto ETF — dynamically holding 5–15 assets from a 15-token universe at a 0.75% net fee, benchmarked against the FTSE Crypto US Listed Index.
Representatives from the Hyperliquid Policy Center, Highland Labs, XYZ Ltd., and Sullivan & Cromwell LLP met with SEC Crypto Task Force staff on July 14, 2026 to brief them on the Hyperliquid protocol's technology, markets, and ecosystem participants.
Coinbase has taken over as the official USDC treasury deployer on Hyperliquid using the AQAv2 framework, potentially adding $200 million in annual revenue, while BitMEX co-founder Arthur Hayes warns the protocol's token burn model could lead to market share losses.
The UK's Financial Conduct Authority has listed Hyperliquid and Hyper Foundation as unauthorized firms, while CME's chief warned that crypto perpetuals could be a 'disaster waiting to happen,' highlighting growing regulatory concerns about the platform amid its Wall Street expansion.
BitMEX co-founder Arthur Hayes disclosed he sold his complete positions in Hyperliquid (HYPE) and Near Protocol (NEAR), warning that financial markets could be approaching a major top ahead of AI IPOs and U.S. midterm elections. The move came days after Hayes made a $100,000 public bet on HYPE.
ICE CEO Jeffrey Sprecher disclosed at the Bernstein conference that the NYSE parent company held multiple discussions with Hyperliquid to evaluate the on-chain perpetual futures market, describing it as larger than Nasdaq and seeking a 'level playing field' for the space.
CME Group and Intercontinental Exchange (NYSE parent) are urging U.S. regulators to increase oversight of decentralized exchange Hyperliquid, citing concerns over market manipulation and sanctions exposure. The move represents traditional exchanges seeking regulatory action against DeFi competitors.
Crypto traders executed over $500 million in synthetic oil futures on decentralized exchange Hyperliquid over the weekend, betting on crude price movements as Iran's closure and reopening of the Strait of Hormuz created volatility.
CFTC Chairman Michael Selig faced intense bipartisan questioning from House lawmakers over the agency's approach to prediction markets, sports betting contracts, and oversight of crypto derivatives platform Hyperliquid amid staffing concerns.
Bitwise added ticker $BHYP and a 0.67% management fee in its latest amended S-1 filing for a Hyperliquid ETF. Multiple asset managers including Grayscale, 21Shares, and VanEck are competing to launch HYPE-linked ETFs.
