{"id":24236,"date":"2025-05-23T15:41:25","date_gmt":"2025-05-23T12:41:25","guid":{"rendered":"https:\/\/forklog.com\/en\/hype-reaches-record-high-amid-cftc-crypto-derivatives-inquiry\/"},"modified":"2025-05-23T15:41:25","modified_gmt":"2025-05-23T12:41:25","slug":"hype-reaches-record-high-amid-cftc-crypto-derivatives-inquiry","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hype-reaches-record-high-amid-cftc-crypto-derivatives-inquiry\/","title":{"rendered":"HYPE Reaches Record High Amid CFTC Crypto Derivatives Inquiry"},"content":{"rendered":"<p>The native token of the Hyperliquid platform (HYPE) surged by 18.9% to a new all-time high of $36.77. The catalyst was comments submitted to the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> regarding the potential approval of perpetual contracts and 24\/7 cryptocurrency trading.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The following post is from Hyperliquid Labs<\/p>\n<p>Hyperliquid Labs is committed to the advancement of defi and its promise in delivering a more open, transparent, and efficient financial system for all. As a contributor to the Hyperliquid blockchain, we believe in defi\u2019s ability not\u2026<\/p>\n<p>\u2014 Hyperliquid (@HyperliquidX) <a href=\"https:\/\/twitter.com\/HyperliquidX\/status\/1925788936531591394?ref_src=twsrc%5Etfw\">May 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Over the past 30 days, the coin<a href=\"https:\/\/www.coingecko.com\/en\/coins\/hyperliquid\"> has appreciated by 94.5%<\/a>. The project&#8217;s market capitalization reached $12.27 billion, moving it to the 14th position in the rankings.<\/p>\n<p>Hyperliquid Labs, the entity behind the DEX, supported the CFTC&#8217;s proactive stance and advocated for DeFi integration.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHyperliquid exemplifies how the core principles of DeFi can be practically implemented to enhance market efficiency and integrity, as well as user protection\u201d<\/em>, the statement read.<\/p>\n<\/blockquote>\n<p>The organization noted that the platform and its community aim to be a \u201cconstructive partner on this journey.\u201d<\/p>\n<p>On May 23, open interest (OI) and daily turnover on Hyperliquid reached a new record<a href=\"https:\/\/www.coinglass.com\/exchanges\/Hyperliquid\"> of $9.2 billion<\/a>.<\/p>\n<p>The day before, trader James Wynn opened a long position on Hyperliquid using perpetual contracts<a href=\"https:\/\/forklog.com\/en\/news\/whale-takes-1-1bn-40x%e2%80%91leveraged-bitcoin-long-on-hyperliquid\"> for 10,200 BTC ($1.14 billion)<\/a> with 40x leverage. Such a substantial $1.1 billion position may indicate a shift in interest from major players from centralized exchanges to DEXs.<\/p>\n<p>The Hyperliquid platform is built on its proprietary high-performance L1<a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-team-launches-hyperevm\"> HyperEVM<\/a> and offers functionality familiar to <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span>: real-time order books, high liquidity, and competitive fees. Hyperliquid does not require <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> procedures.<\/p>\n<p>The network employs a modified version of the Proof-of-Stake consensus algorithm called HyperBFT, with a throughput of 200,000 <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>.<\/p>\n<p>Back in March, ForkLog<a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\"> examined<\/a> a chain of events when high-risk positions<a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-delists-contract-amid-price-manipulation-concerns\"> threatened<\/a> not only the platform&#8217;s stability but also the security of client funds in the Hyperliquidity Provider Vault.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of the Hyperliquid platform (HYPE) surged by 18.9% to a new all-time high of $36.77. The catalyst was comments submitted to the CFTC regarding the potential approval of perpetual contracts and 24\/7 cryptocurrency trading. The following post is from Hyperliquid Labs Hyperliquid Labs is committed to the advancement of defi and its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[879,1168,1267,36],"class_list":["post-24236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cftc","tag-crypto-derivatives","tag-cryptocurrency-trading","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24236"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24235"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}