hyperliquid

Domain infrastructure company D3 announced the launch of the Frontier Hyperliquid Vault, a membership program that provides participants with priority access to a new round of top-level internet domains. Nasdaq-listed Hyperion DeFi (NASDAQ: HYPD) is listed as the launch partner for the vault. D3 is a core contributor to the Doma Protocol and one of the few ICANN-accredited Web3 registrars, with investors including Paradigm.At the launch of the program, ICANN opened the second round of new top-level domain applications in internet history in August 2026, receiving over 1,600 applications covering suffixes such as .agent, .crypto, .wallet, .sol, .robot, and .hype is also included in this round of applications. The last expansion occurred in 2012, resulting in approximately 1,200 new top-level domains, which are now used by tens of millions of websites.The participation process is as follows: users deposit qualified assets with supported custodians on Solana and Hyperliquid to earn Frontier Points, and then gain priority in registering domain names by committing points before formal registration. As part of the initial commitment, Hyperion DeFi will receive a distribution of DOMA tokens in future potential token generation events based on incentive arrangements with the Doma Foundation. The Doma Protocol is a DNS-compatible blockchain aimed at tokenizing the domain market, which is valued at approximately $36 billion.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 18,121.87 ETH, with a nominal value of 43.6429 million USD.At the time of publication, ETH is quoted at 2,408.30 USD.

Hyperliquid Strategies released weekly data, indicating that the company purchased 130,000 HYPE this week, equivalent to a value of 10.23 million USD. Currently, the company holds a total of 38.83 million HYPE, with a total position value of approximately 3.055 billion USD.At the same time, cash positions decreased by 10 million USD, bringing the cash balance down to 245.3 million USD.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.545 billion USD, with long positions totaling 3.986 billion USD, accounting for 46.65% of the holdings, and short positions totaling 4.558 billion USD, accounting for 53.35% of the holdings. The profit and loss for long positions is 275 million USD, while the profit and loss for short positions is -259 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.65 USD, currently showing an unrealized profit and loss of -13.8307 million USD.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x7fdafd...17d1 reduced its BTC short position by 306.94 coins, with a nominal value of 25,808,200 USD.At the time of publication, BTC was quoted at 84,082 USD, and ETH was quoted at 2,473.30 USD.

According to Onchain Lens monitoring, Fasnara Capital (0x7fda...17d1) holds $222 million in open positions on Hyperliquid, with 86.3% of the exposure being short positions. The largest positions include: Bitcoin short position of $51.53 million, with a loss of $774,500; Ethereum short position of $51.15 million, with a profit of $1 million; ZEC short position of $26.33 million, with a loss of $1.39 million; SKHY long position of $21.68 million, with a loss of $2.64 million.This address has an unrealized loss of $5.63 million, with a profit of $10.08 million over the past 30 days, totaling a profit of $122 million.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 15,833.73 ETH, with a nominal value of 38.596 million USD.At the time of publication, ETH is quoted at 2,437.58 USD.

Ripple's brokerage business Ripple Prime (formerly Hidden Road) announced that institutional clients can now trade swap contracts linked to over 100 stocks, commodities, and foreign exchange markets around the clock, using the USD stablecoin RLUSD issued by Ripple as collateral. These swap contracts track perpetual futures listed on the cryptocurrency derivatives exchange Hyperliquid by Trade.xyz, which have no expiration date and can be traded 24/7, allowing funds to build positions in assets like gold while traditional markets are closed. Ripple announced on October 15 that trading company Virtu is already using this service.HSBC's head of digital asset research, Daragh Maher, stated in a report sent to clients on Monday that this launch is "evolution rather than revolution." He wrote that it is a rapidly growing market but still far smaller than the traditional financial markets it tracks, and the product's appeal will be stronger only when the market has sufficient depth, allowing investors to express views and adjust risks while traditional markets are closed. HSBC expects early activity to focus on market makers, proprietary traders, and hedge funds seeking basis trading, rather than institutions looking for strategic hedging.The risks of weekend trading have already become apparent. Last Saturday, approximately $52 million in leveraged chip stock positions were forcibly liquidated within 10 minutes, with the sell-off spreading from Binance to Hyperliquid, while the underlying stocks were not trading, and the contracts lacked new stock market prices for reference. HSBC stated that Ripple's success depends on whether the service is cheaper, simpler, and can better utilize client collateral compared to existing brokers. The new swap business is offered under Ripple Prime's British Virgin Islands license, with plans to expand to more jurisdictions in the future.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.549 billion USD, with long positions at 4.006 billion USD, accounting for 46.86% of the total holdings, and short positions at 4.543 billion USD, accounting for 53.14%. The profit and loss for long positions is 277 million USD, while for short positions it is -258 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin at a price of 2322.65 USD, currently realizing an unrealized profit and loss of -14.1391 million USD.

On October 20, 2026, Jason Pagoulatos, a macro and market author at the cryptocurrency research institution Delphi Digital, released a report titled "The House Always Wins: Why Speculation is the Theme of This Decade." Pagoulatos stated that speculation has two long-term engines: constructive and lottery-like. Technological changes open the former, while fiscal and political pressures open the latter; historically, many famous bubbles have been driven by one or the other. Today, both are operating at high speed simultaneously, and the same batch of technologies is feeding both. He thus considers speculation itself as an investable theme, advocating for holding places for liquidation bets rather than holding the bets themselves.The data cited in the report includes that the U.S. federal deficit for fiscal year 2025 is $1.8 trillion, about 5.8% of GDP, with net interest around $1 trillion per year, exceeding defense spending. The Harvard Joint Center for Housing Studies states that the national median price for single-family homes in 2024 is 5.0 times the median household income; the National Association of Realtors reports that first-time homebuyers account for 21% of transactions, with a median age of 40. According to the American Gaming Association, legal sports betting amounts have risen from $6.6 billion in 2018 to $166.9 billion in 2025. Capital expenditures for Microsoft, Alphabet, Amazon, and Meta are approximately $416 billion for 2025, with guidance for 2026 totaling about $720 billion to $745 billion, plus Oracle.In terms of venues, Robinhood's event contract revenue for Q2 2026 is $156 million, higher than stock revenue of $129 million and crypto revenue of $100 million during the same period. Hyperliquid's expenses for 2025 are about $972 million, with transactions around $3 trillion. Kalshi reportedly raised funds at a valuation of about $40 billion, and Polymarket is set to relaunch in the U.S. by the end of 2025. The author also mentions that the most likely mistake is to hold inventory of the crowd and call it a casino. The report states that it is for educational and general informational purposes only and is not investment advice; the author may hold Bitcoin, HYPE, HOOD, and LIT, and affiliated party Delphi Ventures may invest in the assets or agreements discussed in the report.

The asset management company Bitwise Asset Management and the Hyperliquid Policy Center submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), requesting modifications to the proposed cryptocurrency rules to clarify token classification, airdrops, and secondary market trading rules. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible cryptocurrency financing and provide a conditional safe harbor for tokens related to investment contracts.Bitwise requested clarification on the standards for investment managers to determine whether tokens are subject to securities laws. The Hyperliquid Policy Center called for an expansion of the safe harbor scope and clarification of the rules for airdrops and token buybacks that reward network participants. The organization also requested that the SEC clarify whether unregistered intermediaries can facilitate token trading and whether tokens can be freely traded through on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners called for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide to amend, adopt, or withdraw the rules after the public comment period ends, and the final rules must be voted on by the commission before taking effect.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 9,093.17 ETH, with a nominal value of 21.7727 million USD.At the time of publication, ETH is quoted at 2,394.40 USD.

According to Onchain Lens monitoring, Wintermute (0xecb...2b00) holds a total position value of 81.36 million USD in Hyperliquid, of which 69.59 million USD is a short position and 11.77 million USD is a long position, with a short ratio of 85.5%. Its largest short positions include: a short position of 22.61 million USD in ETH, with a leverage of 15 times; a short position of 12.65 million USD in SOL, with a leverage of 20 times; a short position of 4.20 million USD in XRP, with a leverage of 10 times; and a short position of 4.10 million USD in the S&P 500, with a leverage of 3 times.Wintermute holds a total of 132 open positions, with an unrealized profit of 936,400 USD, a profit of 9.66 million USD over the past 30 days, and a cumulative profit of 17.746 million USD.

The Hyperliquid Policy Center issued a statement urging the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities. The center advocates that the position proposed by the SEC in March 2026 should be written into the rules, stating that free airdrops do not constitute "monetary investment" and therefore do not fall under investment contracts.The center also argues for the extension of the above rules to include announced airdrops, including periodic or regular distributions. Applicable prerequisites include that the network is operational, eligibility is based on usage or contribution, such as trading, validating, providing liquidity, and governance, and that airdrops are not a means of financing.The center believes that investment requires tangible and identifiable consideration, and airdrops are rewards rather than investments. Processes for claiming, such as connecting wallets, signing, paying gas fees, completing KYC/AML, or accepting terms of service, should not be considered as consideration. Furthermore, the rule should be retroactively applicable to past airdrops or cover Hyperliquid's native airdrops.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.013 billion dollars, with long positions at 3.746 billion dollars, accounting for 46.75% of the holdings, and short positions at 4.267 billion dollars, accounting for 53.25%. The profit and loss for long positions is 164 million dollars, while the profit and loss for short positions is -129 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.65 dollars, currently showing an unrealized profit and loss of -7.8751 million dollars.

According to on-chain analyst Ember (@EmberCN), a whale that leveraged $30 million worth of ETH at $1,647 in early June sold 12,468 ETH yesterday at a price of $2,368, exchanging it for $29.52 million USDC, realizing a profit of approximately $8.99 million.Subsequently, the address transferred $20 million USDC to Hyperliquid to go long on crude oil, and has currently opened long positions worth approximately $22.4 million in crude oil contracts (including CL and BRENTOIL), and is still adding to the positions.

The synthetic perpetual contract protocol Papertrade, built on Hyperliquid, announced that its platform token PAPER will remain non-transferable due to the risk of perpetual contract attacks. The platform stated that holders of PAPER tokens obtained through trading losses can stake them to receive USDC distribution rewards.Papertrade is a fully on-chain, user-owned synthetic perpetual contract protocol that supports up to 1000x leverage with no market impact. Currently, the platform has not disclosed a specific timeline for when the PAPER token can be transferred or sold, which means holders are temporarily unable to trade or transfer their tokens on the secondary market and can only earn rewards through staking.

According to monitoring by Lookonchain, a certain whale is making a large bullish bet on the decentralized perpetual contract platform Hyperliquid, with long positions reaching $140.88 million, including going long on 1,236 BTC ($102.2 million) and 15,928 ETH ($38.67 million).

The Hyperliquid Policy Council (HPC) stated that it has submitted a comment letter to the U.S. SEC in support of its proposed Regulation Crypto Assets and suggested 5 adjustments to the final rules to further clarify the regulatory boundaries regarding token issuance, airdrops, secondary market trading, and safe harbors.

According to official news, Hyperliquid's first L2 network Elysium will launch its mainnet on November 9.It is reported that Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid, settling to HyperEVM and co-located with HyperCore, with HYPE as its native gas token. Elysium currently operates Conduit's G2 sequencer on an architecture that meets SOC II Type 2 standards.