Hyperliquid (HYPE) hit an all-time high of $97.98 on Sept. 23 before falling 17% to about $81. The token is up more than 235% year to date and 2,440% since its launch in November 2024; the exchange reportedly accounts for 60% or more of decentralized perpetual futures trading and uses trading revenue to buy back its token daily. Momentum is cooling, however: over the past 90 days HYPE is up 19%, versus 28% for Bitcoin. The author attributes this to the CFTC greenlighting perpetual futures trading in the U.S., which drew in Kalshi, Coinbase and Robinhood, and to the Clarity Act failing in the Senate, which casts doubt on the Trump administration's pro-crypto moves and on concerns over Hyperliquid's offshore status. The author says they are not buying the dip for now.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
HYPE/USDT
▼ Likely negativeHyperliquid
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $17.5B |
| Close on 10/13/2026 | 81.58 |
| Change that session | +0.67% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Pump . fun Just Launched Futures on Hyperliquid . Better Buy : HYPE or Solana ?
Pump.fun, a leading meme coin launchpad on Solana, has launched perpetual futures that run on Hyperliquid's order books, and Pump.fun collects a builder fee on each trade. Hyperliquid uses part of its fee revenue to buy back HYPE, having repurchased $1.26 billion, but 778 million tokens still await circulation and could add selling pressure. The article says Solana gets no direct benefit, since Pump.fun trades match and settle on Hyperliquid, and SOL remains 65% below its all-time high. The product is not available in the U.S. or Ontario.
- Tesla's Flying Roadster Sends Hyperliquid Trading Volume Soaring 1,500%
After Elon Musk showed off a flying Roadster prototype, hourly trading volume in Hyperliquid's TSLA perpetual futures contract jumped from $2.8 million to $47 million, an increase of about 1,580%. The contract rose about 3.7% to roughly $374, tracks Tesla's share price without conferring ownership, settles in USDC and allows leverage of up to 20 times. Binance still had higher 24-hour volume at $279 million versus $159 million on Hyperliquid, while Hyperliquid had the highest open interest at $99 million. Tesla shares closed at $362.44, down about 1.3%, after rising as much as 12% in premarket trading, and the company reports third-quarter results on October 21. Tesla also held 11,509 BTC in the second quarter, recording a $112 million after-tax loss as bitcoin fell about 14%.
- Cameco Stock Is Down 36% From Its All-Time High. Here's What Needs to Happen to Make It a Buy
Cameco (CCJ) shares are down nearly 26% over the past six months and 36% from their all-time high, even though uranium trades at prices rarely seen outside brief spikes. A weak second-quarter report drove the decline, with declines across all three segments, including uranium production falling to 3.9 million pounds due to spring road conditions and a temporary Cigar Lake suspension. Management nonetheless maintained full-year Westinghouse EBITDA guidance of $370 million to $430 million and uranium production guidance of 19.5 million to 21.5 million pounds, and raised its expected realized uranium price to CA$91 to CA$96 per pound. The author argues that 10.1 million pounds in the first six months and solid third-quarter results could restore confidence, while the upcoming Westinghouse IPO, in which Cameco holds 49%, could release value for shareholders.
- The S&P 500 Just Hit a Record High. Here's Why History Says It's Still a Smart Time to Invest.
The article says the S&P 500 recently hit a record intraday level of 7,844.52 on Oct. 6 and was only slightly below that peak when written. Over the past 10 years the index has averaged 15.3% annual returns, and a $10,000 investment in the Vanguard S&P 500 ETF (VOO) a decade ago would now be worth about $41,523. Citing Fidelity research back to 1920, the author notes that investing on all-time high days delivered an average 63% return over the next five years, versus 58.8% on other days. The author argues that new highs are not necessarily a warning sign and that long-term investors may still find now a good time to buy, while acknowledging that short-term market moves are unpredictable.
- Walmart's Total Return From 5 Milestones: Jet.com to the All-Time High
- Stock Market Today: Nasdaq Pares Loss As Yields Dive; Drug Giant Hits All-Time High (Live Coverage)
Related markets
Latest news
- Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
Big tech is the focus of this week's earnings season, with Meta (META), SpaceX (SPCX) and Tesla (TSLA) due to report. SpaceX and Netflix (NFLX) kick off on Tuesday after the bell, while Tesla and Meta report on Wednesday, offering an early read on the Magnificent Seven and the AI trade. Wall Street estimates S&P 500 earnings growth of 29.6%, according to FactSet; if that holds, it would be the third straight quarter of growth above 25%. General Motors (GM), IBM (IBM), United Airlines (UAL) and Procter & Gamble (PG) also report this week.
- Mysterious UAV Enters Lithuania as NATO Fighters Fail to Intercept It
On the morning of October 18, an unidentified drone entered Lithuanian airspace between 6:00 and 8:00, prompting an air alert and the scrambling of NATO jets, which escorted the object but could not shoot it down due to difficult weather. Debris later found in Juojonis village in Pasvalys district was initially identified as drone parts, and the military says it may have entered from Poland. Latvia issued a similar warning for several regions and cancelled it at 8:12, though its army has not confirmed the object was a drone. Prime Minister Mindaugas Sinkevičius said the sabotage hypothesis must be verified, while law enforcement works to determine the drone's origin; earlier, on September 15, Italian Eurofighter Typhoons shot down a drone that had flown into Lithuania from Belarus.
- Corning Is Moving Beyond Fiber Cables. Can AI Networking Pay Off?
Corning (GLW) is extending beyond fiber cables into optical components inside AI systems, having demonstrated optical connectivity with Lumentum and Astera Labs on October 12 and partnered with Nvidia on a planned tenfold expansion of optical connectivity capacity in the US. Its Optical Communications sales rose 32% year-over-year to $2.07 billion in Q2 2026, and management sees a potential $10 billion revenue opportunity by 2030 from a photonics platform, though timing and adoption remain uncertain. Still, the valuation is elevated, with a forward non-GAAP P/E of 44.81x, about 84% above its 5-year average of 24.31x, while analysts expect EPS to grow 30.41% in December 2026 and 33.02% in December 2027. The article notes that slower AI spending or delayed CPO adoption could pressure the stock.
- Google’s Next AI Chip Is Running Late. Why Marvell May Be Fine
GF Securities says one part of Google's TPU v9 design slipped about three weeks, likely due to a redesign, pushing the timeline back roughly a quarter, with mass production now expected in Q2 2027. Packaging substrate yields of just 45% to 50% are a key obstacle, but GF sees no demand problem, citing strong TPU demand from Google and external customers such as Anthropic. The firm points to MediaTek, not Marvell (MRVL), as facing short-term headwinds, so any benefit to Marvell appears indirect. At 63x forward earnings, a 66% premium to its five-year average P/E of 38.02x, the article concludes the delay is not by itself a reason to buy.
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids
The 8:30 show, hosted by Julie Hyman, Pras Subramanian and Jake Conley, discusses the stock market's rebound. Other topics include Anthropic's (ANTH.PVT) commitment to a “Public Benefit” fund, Elon Musk's promise to American children about SpaceX (SPCX) stock ahead of earnings, and doubts over an IPO after Microsoft (MSFT) withdrew.
- Microsoft vs. Alphabet: Is GOOGL’s Cloud Growth Worth More Than Investors Think?
Microsoft (MSFT) and Alphabet (GOOGL) trade at forward P/E ratios of 25.13 and 22.83, respectively. Google Cloud revenue jumped 82% to $24.8 billion in the second quarter, with operating income rising from $2.8 billion to $8.8 billion, while Azure and other cloud services grew 43%. Both companies face heavy infrastructure spending: Microsoft spent $35.8 billion on property and equipment, pushing its cloud gross margin down to 65%, while Alphabet spent $44.9 billion, leaving roughly negative $5.85 billion in quarterly free cash flow. The article argues Alphabet's $9.11 EPS is unreliable because about $98 billion came from net other income, so its 30% operating-income growth better reflects underlying performance. Microsoft has a more diversified earnings base and higher consolidated operating margins, but the key question is whether either company can turn AI demand into cash after paying for infrastructure.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.