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The Hyperliquid price soared 12% in the last 24 hours to trade at $38.79 as of 3:50 a.m. EST on trading volume that surged 12% to $707 million. This comes as Hyperliquid Strategies plans to raise up to $1 billion to purchase tokens that power the world’s largest decentralized derivatives platform. An S-1 registration statement with the US Securities and Exchange Commission (SEC) says it plans to offer up to 160 million shares of common stock to fund additional Hyperliquid (HYPE) purchases. 🚨 JUST IN: HYPERLIQUID STRATEGIES INC. FILES S-1 WITH THE SEC TO RAISE $1B THROUGH 160M SHARES. PART OF THE FUNDS FOR POTENTIAL $HYPE TOKEN PURCHASES. pic.twitter.com/YR6OyUY79L — Kyle Chassé / DD🐸 (@kyle_chasse) October 23, 2025 Meanwhile, Hyperliquid Strategies now operates as a pending merger entity under the Nasdaq-listed biotech firm Sonnet BioTherapeutics and Rorschach I LLC. David Schamis, as CEO, and Bob Diamond, the former CEO of Barclays, will le...

Author | defioasis From perpetual contract trading to the eye-catching on-chain exchange, Hyperliquid has quickly risen in the Crypto space. Recently, Hyperliquid conducted a large-scale airdrop of HYPE tokens, which not only boosted community engagement and user participation but also broke the undervaluation status of the on-chain derivatives sector, raising the ceiling for the entire track. (1) Hyperliquid has accumulated over 1.5 billion USDC in assets, comparable to the 14th largest cryptocurrency exchange in the world Hyperliquid is a high-performance derivatives exchange built on Layer 1, compatible with EVM. Assets are primarily deposited into Hyperliquid through the Arbitrum Bridge, which currently supports USDT, USDC.e, and USDC on Arbitrum, but only USDC is accepted as collateral. As of December 9, assets in the Hyperliquid Deposit Bridge contract: 0x2D...3dF7 have reached 1.58 billion USDC and are still growing. When comparing Hyperliquid's assets with the clean assets ...