Regulatory coverage: the no-KYC model, CEX-vs-DEX dynamics, and official policy developments affecting Hyperliquid.
Twelve API-verified stories: the Oct 8 cascade that liquidated $1.19B market-wide, a $330M team distribution routed OTC and absorbed without a dump, cumulative protocol revenue past $1.4B, a licensed S&P 500 perpetual among the platform's ten largest markets, and a -4.3% close at $86.65 - each with an editorial take.
Twelve API-verified stories: the cycle's largest unlock ($1.2B, Sep 29) absorbed with a +5.3% post-event return, AQAv2's first $14.58M reserve-yield payment measured, HYPE multichain via Wormhole NTT, a listed treasury adding $167.2M, and a -1.2% close at $90.57 - each with an editorial take.
Fifteen API-verified stories: a $98.00 record on Sep 23, Binance lists HYPE spot on Sep 24 and the token answers sell-the-news with -4.6%, BVIV volatility perps launch, Hyperliquid Strategies adds ~$46M more HYPE, and fees total $19.46M (seven prints) - each with an editorial take.
Research report: builder-deployed (HIP-3) markets now hold $3.67B of open interest and the ten largest books are indices, metals, energy and equities - the HIP-3 parameters, the licensed S&P 500 contract, why 24/7 access to closed markets is both the product and the risk, who earns what, and six embedded risks.
Research report: the first $14.58M reserve-yield distribution converts the modeled line into a measured one - the AQAv2 mechanics, the implied 3.14% rate, the two-leg buyback model (fees scale with volume, yield doesn't), and the counterparty trade-off in Coinbase and Circle's bonded role.
Research report: a $98.00 record on Tuesday, a Binance spot listing on Thursday, and a -4.6% answer the same day - the listing mechanics, who was buying and selling on each side of the print, the sell-the-news arithmetic, and the Sep 29 unlock overhang.
Sixteen API-verified stories: HYPE +21.3% to $93.75 with a new $94.60 record, native lending live with $269M borrowed on day one, Payward's permissioned HIP-3 plan for US clients, fees +49.8% to $19.3M, and HIP-3's share falling to 23.5% - each with an editorial take.
Sixteen API-verified stories: HYPE falls 12.1% to $77.26 after the $89.60 record, fees decline a fourth straight week to $12.9M, perp OI holds $10.3B while BTC falls −4.4% and ETH −1.6% the same week, and the USDC reserve-yield deal reshapes the buyback engine.
Sixteen sourced stories: HYPE +9.9% to $87.94 with an $89.60 all-time high, a second unlock (9.92M HYPE, ~$820M) absorbed, fees $16.5M, HyENA's shutdown confirmed via API — each with an editorial take.
Sixteen sourced stories: new all-time highs at $83.46 then $86.73, the record 14,175,778 HYPE unlock (~$1.2B) absorbed with +3.0% on the day, AQAv2 activated, fees $21.2M — each with an editorial take.
Sixteen sourced stories: the Aug 19 catalyst stack (Treasury's expanded buyback, a ~$2.74B short squeeze, Washington's CFTC comments), HYPE +44.3% to $82.37 breaking the May record, fees 3.1x to $24.6M — each with an editorial take.