Latest Hyperliquid (HYPE) News Update

Deep Dive

1. Merger Opens Nasdaq Access (4 December 2025)

Overview:
Hyperliquid Strategies completed its merger with Nasdaq-listed Sonnet BioTherapeutics, creating a $583M HYPE treasury reserve. The combined entity (ticker: $PURR) holds 16.89M HYPE tokens (6% of circulating supply) and $300M cash for ecosystem growth. This enables U.S. public market investors to gain exposure to HYPE through traditional brokerage accounts.

What this means:
This is bullish for HYPE because institutional-grade liquidity could stabilize price volatility while expanding investor reach. The merger also positions Hyperliquid as a major player alongside Ethereum and Solana in digital asset treasuries. However, HYPE’s ability to sustain gains depends on Bitcoin reclaiming $96K, as noted in the AMBCrypto report.

2. SEC Blocks 5x Leveraged ETFs (3 December 2025)

Overview:
The SEC rejected proposals for 3x-5x leveraged crypto ETFs, including products tied to HYPE. Nine issuers received warnings about violating the 200% value-at-risk limit under Rule 18f-4. ProShares withdrew multiple filings within 24 hours.

What this means:
This is bearish for HYPE because it restricts institutional leverage tools that could amplify trading volumes. The SEC’s move signals tighter oversight despite recent spot Bitcoin ETF approvals, potentially cooling speculative activity in derivatives-heavy protocols like Hyperliquid (CoinMarketCap).

3. Technical Rebound Signals (3 December 2025)

Overview:
HYPE rebounded 14% from $30-$33 support, forming a double-bottom pattern. Futures open interest surged to $1.57B, while the MACD and RSI hint at bullish momentum. Resistance at $36-$38 remains critical for a $48 target.

What this means:
This is neutral-to-bullish for HYPE because rising open interest suggests renewed trader confidence, but sustained upward movement requires clearing key resistance. Funding rates staying positive for six days support the bullish case, though high leverage could trigger liquidations if Bitcoin falters (CoinMarketCap).

Conclusion

Hyperliquid’s Nasdaq merger and technical rebound contrast with regulatory headwinds against leveraged products. While institutional adoption via $PURR could anchor long-term growth, the SEC’s ETF crackdown and $265M token unlocks (29 Nov 2025) pose near-term risks. Will HYPE’s hybrid DeFi/TradFi model attract enough capital to offset regulatory friction?

Deep Dive

1. @cryptonary: Bullish breakout targets $60–$70 🚀

“HYPE broke resistance at $49; RSI breakout aligns with price move above $50. Targets $60–$70 if $52–$53 holds.”
– @cryptonary (93K followers · 46K posts · 13 Sept 2025 9:06 PM UTC)
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What this means: Bullish technical structure and momentum indicators suggest upside potential, contingent on holding key support.

2. @HYPERDailyTK: “$HYPE is mispriced” 💰

“HYPE trades at 12.5x revenue vs. Ethereum’s 3,168x. Under $100 is cheap if adoption continues.”
– @HYPERDailyTK (85K followers · 6.7K posts · 17 Sept 2025 7:38 AM UTC)
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What this means: Advocates argue HYPE’s fundamentals (revenue, buybacks) justify higher valuations, but skeptics question scalability.

3. @DU09BTC: Crowded trade risks ⚠️

“When everyone jumps on $HYPE, it’s a top signal. Proof: I bought pre-TGE.”
– @DU09BTC (70K followers · 33K posts · 13 Sept 2025 4:44 PM UTC)
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What this means: Contrarians warn of over-enthusiasm, comparing current sentiment to historical market tops.

4. Merger with Sonnet BioTherapeutics 🧬

“Hyperliquid Strategies merges with Nasdaq-listed Sonnet, creating a $1B treasury reserve for HYPE.”
– AMBCrypto (3 Dec 2025)
What this means: Institutional demand could surge as public investors gain exposure via $PURR ticker, though unlocks risk short-term sell pressure.

Conclusion

The consensus on HYPE is bullish with caution. While technicals and fundamentals (revenue, buybacks) drive optimism, traders eye the $35–$40 resistance zone and token unlocks. Watch the Nasdaq-listed $PURR entity’s impact on liquidity and whether HYPE’s deflationary mechanics offset supply inflation. Will institutions fuel the next leg up, or will retail FOMO fade? 🔍

Deep Dive

1. HIP-3 Activation (13 October 2025)

Overview: HIP-3 allows developers to create perpetual futures markets without approval by staking 500,000 HYPE. This shifts control from validators to builders.

The upgrade introduced validator slashing for protocol breaches and open interest caps to manage risk. It integrates with HyperEVM, enabling smart contracts to interact directly with HyperCore’s orderbook.

What this means: This is bullish for HYPE because it decentralizes market creation, potentially increasing platform usage and fee generation. Traders gain access to more niche markets.
(Source)

2. USDC Integration (4 September 2025)

Overview: Native USDC deposits were added via Circle’s cross-chain protocol, eliminating wrapped tokens.

The integration uses CCTP V2 to burn/mint USDC across chains, reducing reliance on third-party bridges. This streamlined institutional access to Hyperliquid’s derivatives markets.

What this means: Neutral for HYPE in the short term but improves long-term utility by simplifying stablecoin inflows. Traders benefit from faster, cheaper settlements.
(Source)

3. Ecosystem Modules (21 August 2025)

Overview: CoreWriter and Builder Codes were deployed, letting developers build EVM-compatible dApps that interact with Hyperliquid’s orderbook.

CoreWriter allows smart contracts to modify HyperCore positions directly, while Builder Codes enable frontends to share trading fees. These tools aim to expand HyperEVM’s DeFi ecosystem.

What this means: Bullish for HYPE as it incentivizes third-party development, potentially increasing platform utility and staking demand.
(Source)

Conclusion

Hyperliquid’s recent upgrades emphasize decentralization, interoperability, and ecosystem growth. While HIP-3 and USDC integration strengthen core infrastructure, new developer tools could accelerate DeFi innovation on HyperEVM. Will these updates help Hyperliquid capture more market share from centralized exchanges?

Deep Dive

1. Permissionless Perpetuals (13 October 2025)

Overview:
The HIP-3 upgrade went live in October 2025, allowing anyone to create perpetual futures markets by staking 500,000 HYPE tokens. This aims to decentralize market creation while enforcing safeguards like open interest caps and validator slashing (Coinspeaker).

What this means:
Bullish for HYPE demand due to staking requirements and fee-sharing incentives (up to 50% for deployers). Risks include potential low-quality listings diluting platform reputation.

2. USDH Stablecoin Integration (Q4 2025)

Overview:
Hyperliquid is developing USDH, a native stablecoin aligned with its ecosystem. Proposals from Paxos and Frax Finance outline yield redistribution models, with 95% of reserve interest directed to HYPE buybacks (@HYPERDailyTK).

What this means:
USDH could boost liquidity and trading volume, directly benefiting HYPE via buybacks. Regulatory clarity around stablecoins remains a key dependency.

3. CoreWriter Release (2026)

Overview:
CoreWriter will enable HyperEVM-based dApps to interact natively with HyperCore’s order book, improving composability for derivatives and lending protocols (RedStone).

What this means:
Enhanced developer flexibility could attract more DeFi projects, increasing utility for HYPE. Execution risks include technical complexity and adoption pace.

4. Ecosystem Expansion (2026)

Overview:
Hyperliquid plans deeper integrations with cross-chain protocols (Gelato, Stargate) and institutional tools like VanEck’s staking ETF. A Seoul hackathon in September 2025 aims to spur innovation (CryptoPotato).

What this means:
Institutional inflows and cross-chain liquidity could solidify Hyperliquid’s position as a DeFi leader. Success hinges on maintaining low fees and high throughput.

Conclusion

Hyperliquid is prioritizing decentralization (HIP-3), stablecoin integration (USDH), and ecosystem scalability (CoreWriter) to cement its dominance in perpetual trading. While technical execution and regulatory hurdles persist, its community-driven model and aggressive buybacks position HYPE for long-term relevance. How will Hyperliquid balance innovation with the risks of permissionless market creation?