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Hyperliquid rolls out native staking on mainnet

According to data from ASXN, $344 million in HYPE tokens have been staked, representing a total value of over $9 billion as of Dec. 30.

Decentralized finance (DeFi) protocol Hyperliquid has launched native staking on its mainnet, allowing holders to receive rewards for securing the network. 

According to a Dec. 30 announcement, users can pick validators to stake tokens based on different metrics, such as uptime, commission, reputation, and community contributions. The featured debuted with 16 validators.

The Hyperliquid protocol offers decentralized trading for crypto assets. According to DefiLlama, it has amassed over $12 billion in trading volume in December, generating more than $8.6 million in cumulative revenue. 

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down

Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down

A widely followed crypto analyst is issuing a warning about one red-hot utility altcoin, saying it could be in for a slow bleed to the downside. Pseudonymous crypto trader Bluntz tells his 305,200 followers on social media platform X that HYPE, the native altcoin of decentralized perpetual trading platform and layer-1 blockchain Hyperliquid, may be […]

The post Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?Addresses linked to North Korean hackers have lost nearly half a million dollars betting on ether using Hyperliquid, a decentralized exchange with its own layer one (L1) blockchain platform. While rumors of an impending exploit circulated on social media, Hyperliquid denied all allegations, stating that no exploit was detected or reported by third parties. Korean […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Hyperliquid net outflows top $250M amid fears over North Korea hackers

Hyperliquid saw over $256 million in net outflows as security experts revealed that North Korean threat actors had been trading on the platform.

Hyperliquid suffered its largest single-day outflow after security experts said North Korean hackers were trading on the new layer-1 crypto derivatives platform. 

Metmask security researcher Tay Monahan said in a Dec. 23 X post that Democratic People’s Republic of Korea (DPRK)-linked hackers had been using the platform as early as October. 

“Yall, DPRK doesn’t trade. DPRK tests,” Monhan added in a follow-up post.

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid

Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers 2,000,000 in Outflows From Hyperliquid

Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on […]

The post Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Hyperliquid’s HYPE token surges 60% after billion-dollar airdrop

Hyperliquid has distributed over 300 million HYPE tokens to eligible community members on Nov. 29.

Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.

At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The token’s value jumped by 63% within approximately 12 hours, trading at $6.16 at the time of this report. Its market capitalization currently nears the $2 billion mark. 

HYPE token price on Nov. 29. Source: CoinGecko

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming Mainnet

The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming MainnetEthena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within the Hyperliquid ecosystem upon mainnet launch. Ethena Eyes Hyperliquid’s Rapid Growth for Next Phase of USDE Expansion The proposal outlines a cautious approach to integrating […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

LayerZero identifies over 800K addresses in sybil self-reporting phase

Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.

LayerZero Labs has officially announced that the sybil self-reporting phase of its solution to address sybil activity, or “airdrop farming,” is over.

According to LayerZero, addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. Following the review, a total of 803,093 addresses were identified as potential sybil addresses, which will not receive the total token allocation.

Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin