America

Hyperbot

Lens

Hyperliquid

The United States of America is going to celebrate its 250th&nbsp;Independence Day on July 4, 2026.&nbsp;
“With a single sheet of parchment and 56 signatures, America began the greatest political journey in human history,” <a href="https://www.whitehouse.gov/freedom250/" rel="noopener noreferrer nofollow">said</a> President Donald Trump.
Meanwhile, Iran is&nbsp;holding a massive funeral ceremony for&nbsp;the former Supreme Leader Ayatollah Ali Khamenei who was assassinated in a U.S.-Iran military operation on Feb. 28.
<figure><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjI0NTE5MjA0Njc2NTc3MjQ0/motorists-ride-past-a-giant-billboard-bearing-a-picture-of-irans-late-supreme-leader-ayatollah-ali-khamenei-ahead-of-his-funeral-in-tehran-on-july-2-2026.jpg" height="675" width="1013">
 <figcaption>
 Motorists ride past a giant billboard bearing a picture of Iran's late supreme leader Ayatollah Ali Khamenei ahead of his funeral, in Tehran on July 2, 2026. 
 Getty Images
 </figcaption>
</figure>
Khamenei's body will lie in state in Tehran's Grand Mosalla from July 3 ahead of the burial in his hometown of Mashhad on July 9. The country is observing a long mourning period amid a fragile pause in hostilities with Israel and the U.S.
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<h2 id="hyperliquid-trader-buys-millions-in-gold">Hyperliquid trader buys millions in gold</h2>
Amid the broader geopolitical turbulence due to Trump's global tariff war and the war in&nbsp;Europe, gold's price had already been hitting new record-high prices over the past months.
Crypto traders have also not wasted any chance to trade the volatile asset on Hyperliquid.
A&nbsp;<a href="https://1inch.com/" rel="noopener noreferrer nofollow">decentralized exchange</a> built primarily for perpetual futures,&nbsp;Hyperliquid lets crypto traders buy and sell gold contracts. Deployed independently by xyz,&nbsp;the oil contract on the exchange tracks the value of one troy ounce of gold.
Seen as a safe haven asset amid times of unrest, inflation, and currency debasement, the gold contract's price reached as high as $5,570 on Jan. 29 this year.
Though the contract's price has declined&nbsp;since then but the Iran war had a significant impact on the price. In fact, the precious metal's price hit north of $5,400 in early March.
But the tug of war between the U.S. and Iran amid ongoing negotiations has made the market resilient. Subsequently, the metal's price has dropped in the following months.
As the U.S.&nbsp;prepares for the Independence Day festivities on July 4, a trader created a new wallet and opened a five-times-leveraged&nbsp;long&nbsp;position on the gold contract currently worth $9.91 million, Onchain Lens <a href="https://x.com/OnchainLens/status/2072917981596901572" rel="noopener noreferrer nofollow">highlighted</a>.
<figure><a href="https://hyperbot.network/trader/0x58f0bf4307c61bc7a5fe11e24fe36e64300b0d20" rel="noopener noreferrer nofollow"><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjI0NTI2ODI3NDM4MjIwMzk3/screenshot-2026-07-04-022720.png" height="675" width="1107"></a>
 <figcaption>0x58f0bf4307c61bc7a5fe11e24fe36e64300b0d20, Source: Hyperbot
 </figcaption>
</figure>
As per Hyperbot, the trader is sitting on an unrealized profit of over $49,000 on that trade at press time.
<figure><a href="https://app.hyperliquid.xyz/trade/xyz:GOLD" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 GOLD-USDC, Source: Hyperliquid
 </figcaption>
</figure>
The gold contract on Hyperliquid was trading at $4,166 at the time of writing, up 1% in a day.
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Gold trader buys millions ahead of U.S. 250th Independence Day

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