Hyperliquid Burns $824K in HYPE Daily as Buyback Model Scales

On-chain data shows Bitcoin’s latest price move to $80,000 has not been based off of spot demand alone. A new trend of derivatives activity is building under the market, with open interest across major exchanges recording its strongest increase of 2026 and even surpassing the rise seen during Bitcoin’s 2025 all-time high formation. However, technical […]

Bitcoin hovered near $80,901 on May 10, 2026, just after 8 a.m. ET, while maintaining a broader bullish market structure across the daily, four-hour, and one-hour charts. With price action trapped between stubborn resistance and resilient support, traders are watching bitcoin behave like a caffeinated cat pacing near a closed door, clearly plotting its next […]

Hyperliquid, EdgeX and Pump.fun returned a combined $96 million to token holders in 30 days, as the crypto community shifts its focus from transaction volumes to real earnings.

The post Hyperliquid Burns $824K HYPE in 24 Hours appeared on BitcoinEthereumNews.com. Hyperliquid burns $824K in daily HYPE fees, with 45.1M tokens burned as price trades near $43 and tests $45 resistance. Hyperliquid burned about $824,688 worth of HYPE in the last 24 hours, according to figures shared in the market update. The buyback and burn activity comes as HYPE trades near $43, while traders watch the $45 resistance zone for confirmation of a stronger move. Hyperliquid Uses Daily Fees for HYPE Buyback and Burn Hyperliquid generated about $824,688 in fees over the past 24 hours. The update stated that 100% of those fees were used to buy back and burn HYPE. The model has attracted interest because it links platform activity with token supply reduction. Many projects use revenue for operations, incentives, or treasury growth. Hyperliquid’s current model directs fees toward token burns. In the last 24 hours, Hyperliquid generated approximately $824,688 in fees — and 100% of it was u

This week, Bitcoin saw a significant surge in bullish momentum, driving its price from $78,000 to as high as $82,855. While the flagship cryptocurrency has pulled back from this local high, it is yet to shift towards a bearish structure. Interestingly, a recent on-chain analysis revealed significant growth in derivatives activity in the Bitcoin market.  […]

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