Sky-High I.P.O. Pricing Isn’t Great for Real People
When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
BitcoinEthereumNews·
The post SpaceX pre-IPO bet crashes 45% while HYPE holds near highs appeared on BitcoinEthereumNews.com. SpaceX-linked pre-IPO perpetuals on Hyperliquid came under pressure after the SPACEX-USDH contract crashed by about 45% in 30 minutes. Summary SpaceX-USDH plunged 45% in 30 minutes, helping trigger liquidations that wiped out $25.27 million in positions over the past 24 hours. HYPE rose near $62 after the crash, showing demand stayed firm despite new oracle concerns. The selloff exposed thin liquidity gaps in pre-IPO perps as traders chased synthetic SpaceX exposure. The move erased about $1.5 million in liquidations and raised fresh questions about thin markets, oracle feeds, and leveraged access to private-company exposure. The move did not cause a direct selloff in Hyperliquid’s native token. HYPE (HYPE) traded near $62 on May 29, with crypto.news data showing an 8% gain over 24 hours. The rebound kept the token close to its recent record high, even as traders reviewed the risk
Read full articleWhen newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
Grayscale is negotiating a $115 million HYPE-for-shares seed swap for its proposed Hyperliquid staking ETF, in a move that deepens Wall Street’s exposure to on chain derivatives. Grayscale is negotiating with Hyper Holdings Global LP to seed its proposed Hyperliquid…
NYSE owner Jeff Sprecher calls Hyperliquid bigger than Nasdaq, praising its team and growing impact on energy and private markets. Jeff Sprecher has some strong words about Hyperliquid. The founder and CEO of Intercontinental Exchange, which owns the New York Stock Exchange, spoke at the Bernstein conference recently. He called Hyperliquid bigger than Nasdaq. He […] The post NYSE Owner Praises Hyperliquid, Says It’s ‘Bigger than Nasdaq’ appeared first on Live Bitcoin News.
ICE’s CEO said regulators need to create a “level playing field” for launching 24/7 onchain perps contracts, which are already trading on exchanges such as Hyperliquid.
The man who built the modern NYSE just said Hyperliquid is bigger than Nasdaq. JPMorgan says the debasement trade is unwinding.
HYPE up 38% in two weeks as ICE confirms talks with Hyperliquid. Hyperliquid’s daily trading volume has surpassed $1 billion. ICE’s CEO, Jeff Sprecher, said Hyperliquid is “bigger than Nasdaq.” The price of Hyperliquid (HYPE) has continued its strong rally after fresh comments from Jeff Sprecher confirmed that Intercontinental Exchange (ICE), the parent company of […] The post HYPE token price surges as NYSE parent ICE explores Hyperliquid partnership appeared first on CoinJournal.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum is down 6% this week after sellers managed to put pressure on the $2,000 support. At the time of this post, this level appears to be holding, but only by a thread. Another push later could turn it […]
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