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The decentralized perpetual futures exchange Hyperliquid suffered massive losses of up to $12 million after a trader manipulated the price of Solana-based token Jelly-My-Jelly, exposing fundamental flaws in cryptocurrency's claims of decentralization and trustlessness, according to industry experts.

Cryptocurrency trading platform Hyperliquid is facing intense scrutiny after blockchain analysts identified multiple high-leverage trades on Bitcoin and Ethereum that have generated unusual profits, raising concerns about potential money laundering activities. The platform, whose native token HYPE h

Hyper Foundation, the organization behind the widely-used decentralized finance protocol Hyperliquid, has announced the launch of HyperEVM. This marks a substantial move toward incorporating general-purpose programmability into its financial ecosystem. In its primary release, the mainnet includes Hy

HYPE, the native token of the decentralized exchange Hyperliquid, has seen a significant rise in the cryptocurrency market, with its price increasing by 17% in the past 24 hours. This notable increase has positioned HYPE above its 20-day Exponential Moving Average (EMA), marking a key shift in marke

Hyperliquid (HYPE) has experienced an 18% increase in value over the last 24 hours. This rise comes amidst a broader market trend of consolidation over the past week, with HYPE appreciating by 10% during this period. The altcoin's growing demand hints at an imminent surpassing of the $25 price mark,