Token Buybacks Can't Fix Weak Valuations, Ansem Warns
Ansem's read: HYPE and PUMP both repurchase tokens, but only one has held a trust premium, and the FDV gap shows it.
Token Buybacks Can't Fix Weak Valuations, Ansem Warns
〽️NEUTRAL
HYPE Hyperliquid Rank #10 $79.52 ▼ 1.03%
341
stories on Zipp
Last update 18h ago
On Zipp since 2026
Listed on
Hyperliquid is a layer one (L1) blockchain built around decentralized trading, with its flagship platform designed primarily for perpetual futures and spot markets. The ecosystem extends well beyond its decentralized exchange (DEX), supporting additional services such as borrowing and lending, real-world asset (RWA) tokenization, and a fully integrated Ethereum Virtual Machine (EVM) environment that allows Ethereum-compatible smart contracts to run on the network. The network operates on a proof-of-stake (PoS) consensus mechanism and functions as a smart contract platform, positioning it as a broad infrastructure layer for decentralized finance (DeFi) rather than a single-purpose application. HYPE is the network's native token, with a capped maximum supply of 1 billion. Within the Hyperliquid ecosystem, the token serves governance and utility functions tied to the operation of the chain and its associated exchange-based activities.
WuBlockchain
Hyperliquid Lists CXMT Pre-IPO Perpetual via HIP-3
〽️NEUTRAL
Hyperliquid Lists CXMT Pre-IPO Perpetual via HIP-3
Trade[XYZ] deployed the contract with a $5 reference, not the RMB 8.66 IPO price, and a 20% discovery bound and internal oracle govern the mark until CXMT starts trading.
T. Rowe Price launches TKNZ, first active multi-token crypto ETF
🔥BULLISH
T. Rowe Price launches TKNZ, first active multi-token crypto ETF
A $1.9T legacy asset manager crossing into actively managed crypto ETFs widens the institutional funnel beyond spot BTC and ETH products.
TheBlock
Multicoin invests $1.75M in Hyperliquid perps DEX Trasia
🔥BULLISH
Multicoin invests $1.75M in Hyperliquid perps DEX Trasia
Multicoin takes its first position in the Hyperliquid ecosystem via a sole-investor check into Trasia, a perps DEX co-founded by ex-partner Mable Jiang targeting Asian traders.
Whale Alert Adds Hyperliquid EVM Tracking for $HYPE Transfers
〽️NEUTRAL
Whale Alert Adds Hyperliquid EVM Tracking for $HYPE Transfers
Whale Alert's integration of Hyperliquid EVM brings perps DEX whale transfers and $HYPE stablecoin flows onto its dashboard, with API and websocket feeds next.
Whale Alert
Hyperion Drops Felix and Native, Puts 500K HYPE Into Skew Bond
〽️NEUTRAL
Hyperion Drops Felix and Native, Puts 500K HYPE Into Skew Bond
The third-party HIP-3 builder swap points to Skew becoming the operating perps venue tied to Hyperion's HYPE-denominated treasury, with revenue share layered in.
BTC, ETH steady near three-week high as Iran tensions cap rally
〽️NEUTRAL
BTC, ETH steady near three-week high as Iran tensions cap rally
BTC holds $64.6K after Tuesday's soft CPI push while Strait of Hormuz saber-rattling trims overnight gains and keeps the market consolidating rather than breaking out.
CoinDesk
SEC Crypto Task Force Meets Hyperliquid Policy Center on Regulation
〽️NEUTRAL
SEC Crypto Task Force Meets Hyperliquid Policy Center on Regulation
The sit-down is a signal that perpetual-futures DEXes are on the SEC's crypto-policy agenda, with Hyperliquid's HIP-3 stock perps in the crosshairs.
Hyperliquid airdrop tops $19.8B as largest crypto distribution
🔥BULLISH
Hyperliquid airdrop tops $19.8B as largest crypto distribution
The hypothetical figure is nearly 33x the next-largest airdrop on the leaderboard and confirms the scale of what Hyperliquid put into circulation at launch.
Crypto Rank News
JPMorgan: USDC Faces "Prisoner's Dilemma" on Hyperliquid
🩸BEARISH
JPMorgan: USDC Faces "Prisoner's Dilemma" on Hyperliquid
Hyperliquid now holds roughly $6B of USDC, around 8% of supply, and the new revenue split with Coinbase hands 90% of reserve income to the DEX rather than splitting it evenly with Circle.
Hyperliquid Co-Founder Pitches Protocol as AWS of Finance
🔥BULLISH
Hyperliquid Co-Founder Pitches Protocol as AWS of Finance
Jeff Yan frames Hyperliquid as liquidity infrastructure for all of finance, not just a perp DEX. The pitch rests on a compounding-network thesis: every platform that plugs in makes the others' books…
Trump Gives Senate 24 Days to Lock 60 Votes on CLARITY Act
🔥BULLISH
Trump Gives Senate 24 Days to Lock 60 Votes on CLARITY Act
The deadline matters less than the math: DeFi protocols that already generate real revenue stand to inherit the first wave of institutional flow once the rulebook lands.
CryptoSlate
Spot BTC, ETH, HYPE ETFs Lose $444M in Single-Day Outflows
🩸BEARISH
Spot BTC, ETH, HYPE ETFs Lose $444M in Single-Day Outflows
Three straight days of simultaneous BTC, ETH and now HYPE ETF outflows marks the first cross-product withdrawal since the spot ETF complex went live, a sign institutions are de-risking the entire…
CoinTelegraph
HIP-3 Perp Markets Grab 50% of Hyperliquid Volume
🔥BULLISH
HIP-3 Perp Markets Grab 50% of Hyperliquid Volume
HIP-3 built-in markets have grown from a niche experiment to nearly half of Hyperliquid's perp flow in weeks, a structural shift that pulls 24/7 equity trading onto the onchain rails.
Hyperliquid OI Hits $11B as HIP-3 Perps Hit Record $3.69B
🔥BULLISH
Hyperliquid OI Hits $11B as HIP-3 Perps Hit Record $3.69B
The HIP-3 slice of Hyperliquid's open interest is doing the heavy lifting: $3.69B is a new high and signals real-money demand for the platform's permissionless perps rails, not just HYPE-native flow.
Bitcoin Drops Below $63K as Iran-US Hormuz Strikes Trigger $253M
🩸BEARISH
Bitcoin Drops Below $63K as Iran-US Hormuz Strikes Trigger $253M
The pullback looks more like a measured unwind than a regime shift, with BTC open interest steady at $17B and the 3-month basis holding at 3.8% even as cross-asset risk-off spread from Seoul to Tokyo.
BTC spot ETFs end 8-week outflow streak with $197M weekly inflow
🔥BULLISH
BTC spot ETFs end 8-week outflow streak with $197M weekly inflow
Ether and SOL spot products also flipped positive in the same week, with $84M and $930K respectively, while XRP ETFs kept bleeding, signalling a broadening, not uniform, institutional bid.
BTC spot ETFs add $197M as XRP books $7M weekly outflow
🔥BULLISH
BTC spot ETFs add $197M as XRP books $7M weekly outflow
Bitcoin's spot ETFs led with $197M in weekly net inflows, while XRP's first-generation products bled $7M, the only major US-listed spot fund cohort to print red.
Phantom, Hyperliquid Urge CFTC to Let US Wallets Access Derivatives
🔥BULLISH
Phantom, Hyperliquid Urge CFTC to Let US Wallets Access Derivatives
The July 9 letter asks the CFTC to turn Phantom's March no-action relief into a broader, codified rule so any wallet can plug into registered derivatives venues without becoming a broker.
Bitcoin reclaims $64,400 as ETH outperforms amid equity divergence
🔥BULLISH
Bitcoin reclaims $64,400 as ETH outperforms amid equity divergence
The split matters: with BTC back at a level it failed to break earlier in the week and ETH outperforming, derivatives data shows the move is being driven by strategic positioning rather than…
HYPE in the editors' digests
Where Zipp's editorial desk has weighed in on this token.
A Market That Wants to Rally but Forgot How
〽️ NEUTRAL
A Market That Wants to Rally but Forgot How
Bitcoin holds $64K while a Fed split, a Coldcard drain, and fading CLARITY Act odds test a sentiment already sitting in fear.
Ethan BrooksWhen the Plumbing Cracks: Coldcard, Fed Dissent, and a Fragile Bid
🩸 BEARISH
When the Plumbing Cracks: Coldcard, Fed Dissent, and a Fragile Bid
A 594 BTC hardware-wallet drain, three Fed hawks, and an ETF rebound driven almost entirely by BlackRock. The bid is thinner than the tape suggests.
Marco De SantisMorgan Stanley Says Buy. The Tape Says Wait.
〽️ NEUTRAL
Morgan Stanley Says Buy. The Tape Says Wait.
A landmark Wall Street push into BTC, ETH and SOL lands on the same day ETF flows flirt with record lows. The contradiction is the story.
Alex MorganMorgan Stanley Says 24/7. The Fed Says Hold. The Crowd Says What?
〽️ NEUTRAL
Morgan Stanley Says 24/7. The Fed Says Hold. The Crowd Says What?
Wall Street's biggest bank just turned crypto into an around-the-clock product while three Fed officials push for rate hikes and ETFs bleed. The crowd is watching the wrong movie.
Sofia AlmeidaWall Street Says Yes, the Fed Says Maybe, and Bitcoin Holds Its Breath
〽️ NEUTRAL
Wall Street Says Yes, the Fed Says Maybe, and Bitcoin Holds Its Breath
Morgan Stanley just opened the ETF door for ETH and SOL. Citadel is betting on a 25 bp surprise. The crowd is reading the same tape and seeing two different movies.
CLARITY's Dimming Light, and What Crypto Reads in It
〽️ NEUTRAL
CLARITY's Dimming Light, and What Crypto Reads in It
Galaxy slashed the bill's passage odds to 30%, the Senate keeps its calendar thin, and the market treats the wobble as cover, not yet a verdict.
Hyperliquid (HYPE) — FAQ
-
What is Hyperliquid?
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.
-
What kind of project is Hyperliquid?
Hyperliquid (HYPE) is categorised as: Decentralized Exchange (DEX), Smart Contract Platform, Exchange-based Tokens.
-
Where is Hyperliquid's official website?
The official Hyperliquid site is https://app.hyperliquid.xyz/trade.
-
What's the latest Hyperliquid news on Zipp?
Most recent Hyperliquid coverage: "Token Buybacks Can't Fix Weak Valuations, Ansem Warns" — read at /en-US/a/token-buybacks-cant-fix-weak-valuations-ansem-warns.
