Hyperliquid bucket list update (HYPE $94): - Spot listings for majors☑️ - Binance lists spot HYPE✅ - Coin margin for perps☑️ - HL lists non-crypto perps☑️ - A T2 CEX uses HL for perps liquidity☑️ - HL flips OKX in OI☑️ - Perps allowed for US users☑️ - HYPE enters the top 5

Hyperliquid has not only regained all the OI since the washout on 10/10 but is even making new ATHs! This is even more impressive when you look at where other exchanges are at relative to their 10/10 level. Binance is ~20% under while Bybit ~50%.

With native borrowing against HYPE available, Jeff has also increased the global & per user borrow caps. As usage increases, so will the interest rate USDC holders on HyperCore get (currently 3.2% APY), which will attract more deposits. As USDC TVL goes up, so do HYPE buybacks.

As a crypto trader for 9 years, the most valuable skill I acquired is executing trades based on facts (the market structure of the chart, flows, where we are in the cycle, etc). It’s common for people to close trades based on emotions instead, e.g. “I’m up/down too much, time to derisk”. Holding the HYPE airdrop is a great example as a case study. Holding HYPE from $2 to $35 was easy because it was clearly undervalued. Then holding during the bear market had good R/R given the DAT and ETF flows felt underpriced to the point holding something else didn’t feel worthwhile. This ended up being proven true as HYPE was the only coin making new ATHs during the bear market. You can make the argument that HYPE is no longer undervalued in its present form but continuing to hold now can be warranted given that: i) There is a tangible long term vision coming together that you can bet on. ii) We are at the beginning of a bull market and if you have been around the block you’d know that in a bull market tokens don’t trade to what are perceived as rational valuations but rather based on attention and whether the core holders are cultists. And there’s no better signal for long term attention than Trump saying Hyperliquid during a presser. iii) A coin that is strong in a bear is only going to continue to be strong when the broader market is rallying. This has been proven true thus far with HYPE/BTC trading 1% below it’s ATH. I am a proponent of taking some chips off the table if you’re happy with the profits but it’s important to keep in mind that this is an action for your own peace of mind, not because the trade is over and there is no more upside to capture.

HYPE is now making new ATHs above $90. Those of you in the old school who did not think President Trump would ever say Hyperliquid simply do not understand the importance housing all finance. The future of finance coming onchain is mathematically programmed in this paradigm.

Hyperliquid bucket list update (HYPE $78): - Spot listings for majors☑️ - Binance lists spot HYPE - Coin margin for perps☑️ - HL lists non-crypto perps☑️ - A T2 CEX uses HL for perps liquidity✅ - HL flips OKX in OI☑️ - Perps allowed for US users☑️ - HYPE enters the top 5

Coinbase x Hyperliquid coded.

HIP-3 is getting some optional functionality called HIP-3* which seems to be KYC related features. HIP-3 deployers will now be able to add and remove users from an allowlist as well as modify their orders. This is likely an extension of what will be a US regulated Hyperliquid.

In less than a year, Hyperliquid Strategies have nearly hit the $1B limit on their credit facility which is a testament to their executation as a DAT and the tradfi interest in their company as a HYPE investment vehicle. They have now filed for an increased limit of $2.5B.

"A deal, if it gets regulatory sign-off, would allow US-based traders to use Payward’s Bitnomial exchange to trade some perpetual futures tied to the price of crypto tokens built on Hyperliquid’s blockchain technology. Sounds like builder codes with a subset of tickers?

Hyperliquid's path to the United States is getting clearer by the day.

HYPE team unlocks so far: Dec: 1.75M HYPE Jan: 1.2M HYPE Feb: 140K HYPE March: 173K HYPE April: 333K HYPE May: 533K HYPE June: 452K HYPE July: 433K HYPE August: 433K HYPE Team unlocks have been steady around 400K for months now. Maybe this is the expectation going forward.

HIP-4 permissionless deployments will be going LIVE on mainnet on this weekend’s mainnet upgrade. This means teams can stake & lock 500K HYPE to deploy their own prediction markets in the coming days. Templates for these markets will need be voted on and approved by validators.

The HYPE ETFs have been receiving steady inflows all week of about ~$5M a day but today Bitwise just saw a massive $23.2M inflow today, contributing to today’s HYPE ATH! This is also an ATH of inflows for any HYPE ETF in a single day. Hyperliquid

In Q2, HYPE rerated from $38 to $76 off of ETF inflows and DAT bid alone. In today's market, we have the same ETF + DAT bid coupled with broad crypto strength, crypto trading fees returning, USDC yield, and US regulatory clarity. Surely we can rerate at least 2x from last time.

With PURR's MNAV spending most of last week above 1.1x, they have raised cash to TWAP buy HYPE yet again. Based on what I'm seeing right now and the last time they were TWAP buying, I am expecting 12 separate $1M TWAP buys every 12 hours until they run out of money. Hyperliquid