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A digital asset treasury company formed through an unprecedented biotech-to-crypto merger has filed with federal regulators to raise up to $1 billion, signaling growing institutional appetite for decentralized exchange tokens beyond Bitcoin and Ethereum. Hyperliquid Strategies Inc. submitted an S-1

Monad Protocol triggered backlash from cryptocurrency traders after opening its MON token airdrop portal with eligibility criteria that excluded many who expected to qualify, including users of the Hyperliquid exchange and HypurrNFT holders. The controversy centers on a distribution plan that grants

A public dispute erupted between Hyperliquid founder Jeff Yan and Binance over liquidation transparency following last week's cryptocurrency market crash. Yan claimed some centralized exchanges dramatically underreported user liquidations during the volatility, while Binance's former CEO defended hi

An anonymous cryptocurrency trader on the Hyperliquid decentralized exchange has increased their short position against Bitcoin to nearly $500 million, doubling their bet in just two days after previously profiting $192 million from a recent market crash. The trader, whom the crypto community has du

Based has introduced Based Streams, a video broadcasting platform operating on Hyperliquid's blockchain infrastructure that allows content creators to stream directly from their digital wallets without intermediaries. The service marks the first time Hyperliquid's Layer 1 network, primarily known fo