Entity background
Hyperliquid is a Layer 1 blockchain optimized for onchain financial markets. HyperCore provides fully onchain perpetual and spot order books, while HyperEVM adds a general-purpose EVM environment, making protocol upgrades, validators, market structure, and listings relevant to its ecosystem.
Current focus
xiyu.news has tracked 6 related reports since 2026-08-31. The latest focus is “HYPE Drops 4.5% Following Binance Listing of Hyperliquid - Yahoo Finance”. 6 continuing event timelines connect the coverage over time.
Recent developments
6 entries- #01
HYPE Drops 4.5% Following Binance Listing of Hyperliquid - Yahoo Finance
Binance listed Hyperliquid's native HYPE token, and the asset fell 4.5% following the listing, according to Yahoo Finance and 24/7 Wall St. A Binance listing gives HYPE access to one of the largest centralized exchange user bases and order books; in this case the token traded down rather than up on the news, bucking the widely observed "listing pump" pattern. The reported move is a 4.5% decline, and coverage of the event is limited to the headline-level price reaction.
- #02
Binance Lists Spot HYPE After More Than a Year of Perps-Only Trading - CoinCodex
Binance has opened spot trading for Hyperliquid's HYPE token, listing it with three spot trading pairs after more than a year in which the token was available on the exchange only through perpetual futures. The listing was announced by Binance with a Seed Tag and dated for September 24. The listing gives HYPE direct spot market access on Binance, the largest crypto exchange, where the token had previously been reachable only through leveraged derivatives. CoinMarketCap reported the token fell 4.6% after its spot trading debut. Alongside spot trading, Binance announced HYPE Earn, spot buying, swaps and leverage access, and flagged the asset as high risk via a Seed Tag. Binance listed HYPE with three spot pairs on September 24.
- #03
Hyperliquid launches native lending on HyperCore as HYPE tops $90
On Sept. 18, Hyperliquid rolled out native manual borrowing, allowing users to pledge HYPE or Bitcoin as collateral to borrow USDC or USDT directly through HyperCore. Roughly $269 million was borrowed on the first day, while HYPE rallied about 15% on the week to an intraday high near $91.06, surpassing its prior record of about $89.60. The launch extends Hyperliquid from a derivatives and spot exchange into credit, collateral and yield generation, letting users move between trading and borrowing without leaving the platform. Immediate day-one scale of $269 million suggests the lending primitive can become a meaningful source of stablecoin liquidity and HYPE demand within a single ecosystem rather than a standalone side product. HYPE carries a 65% loan-to-value ratio versus 50% for Bitcoin, with liquidation thresholds of 82.5% and 75% respectively. Borrowers can tap more than $400 million of already-supplied liquidity because the same pools support portfolio-margin activity; stablecoin suppliers earn variable interest based on utilization, and portfolio-margin users can earn yield on idle stablecoin balances.
- #04
North Korean Hackers Move Tens of Millions on Hyperliquid Amid Onshoring Push
North Korean state-backed hackers have been moving tens of millions of dollars in stolen crypto funds on Hyperliquid, a leading decentralized perpetual exchange. This comes as the Trump administration pushes to bring the platform under U.S. regulatory oversight through an 'onshoring' effort. The movement of stolen funds by state-sponsored hackers on a major DeFi platform exposes significant security and compliance gaps in decentralized finance. The onshoring push could change how Hyperliquid operates, potentially affecting access for U.S. users and setting a precedent for DeFi regulation. Hyperliquid is a decentralized exchange built on its own high-performance blockchain, offering perpetual futures and margin trading. While it uses self-custody, the platform has not yet publicly responded to a cyberattack or sudden market crash, according to CoinLedger. The specific amounts and timeline of the fund movements were not detailed in the provided content.
- #05
Hyperliquid in Talks With Kraken Parent for US Perps Market Entry
Bloomberg reports that Hyperliquid is in advanced talks with Payward, Kraken's parent company, to give US traders access to its crypto perpetual futures through Bitnomial, a CFTC-regulated exchange and clearinghouse. Payward has reportedly presented a proposal to the CFTC, though neither company has confirmed a deal. This would mark Hyperliquid's first push into the US market and could offer a template for other offshore, unregistered perp venues to enter the country under regulatory oversight. It also aligns with US regulators' efforts to pull offshore perpetual futures trading back onto domestic platforms. Hyperliquid handles more than $4 billion in daily volume with a permissionless design and no central operator, the core obstacle to US entry. Routing through Bitnomial would provide the regulated operator and oversight required, and any agreement would still need regulatory sign-off.
- #06
HyENA Shuts Down $4B Perpetuals Exchange on Hyperliquid
HyENA, a perpetuals exchange built on Hyperliquid, has announced the shutdown of its operations after reportedly processing $4 billion in trading volume. The exchange is ceasing its services on the Hyperliquid platform. The shutdown highlights the risks and competitive pressures faced by smaller derivatives protocols building on top of Hyperliquid's ecosystem. It also raises questions about the long-term viability of niche perpetual exchanges that rely on a single underlying Layer 1 network. HyENA had reportedly handled $4 billion in cumulative trading volume before the closure. The exchange was operating as a perpetuals venue on Hyperliquid, which itself is a Layer 1 blockchain designed for on-chain trading.