Cryptonews

HYPE, the native token of crypto derivatives exchange Hyperliquid, surged 24% over the past 24 hours as traders ramped up bets on silver, gold and other commodities.

“Bitcoin will replace gold,” he declared in a CNBC interview, “because it’s so much more functional than passing a bar of gold around.” Oh, the horror of such practicality! And recently, he added, “Bitcoin and gold are like the sensible socks in your investment drawer-they give you a bit of ballast.” Charming, isn’t he?

The near-term journey will bend where U.S. crude oil inventory data and the Federal Reserve’s interest-rate decision unfold, each as if turning a page in a ledger of inflation and liquidity. If they smile, the market smiles back; if they sigh, Bitcoin sighs with them.

According to the scribes at crypto.news, Hyperliquid (HYPE) vaulted to a three-week pinnacle of $27 on Tuesday, during the quiet hours of Asian afternoon. At this height, it stands 31% above its weekly nadir, a testament to its resilience in the face of market whims.

The Tariff King is at it again, this time lobbing verbal grenades at South Korea, that dear ally with whom the U.S. shares a trade romance worth over $160 billion. Such sums could buy an endless supply of golf balls for Trump’s favorite pastime.

In a move as predictable as dawn after a sleepless night, the prophet of hodling, Michael Saylor (Chairman, co-founder, and unofficial high priest of BTC alchemy), announced on X-formerly known as the town square-to the trembling masses: another acquisition has been completed. 2,932 tokens, acquired at an average of $90,061 each, slipped quietly into the company’s ever-expanding digital vault between January 20th and 25th. Funded, of course, not by toil or product innovation, but by the celestial mechanics of stock offerings-STRC and MSTR at-the-market programs fluttering like moths around the flame of market sentiment.

Ah, Hyperliquid, that quiet achiever, has become the most liquid platform for crypto price discovery. Founder Jeff, in a moment of unparalleled modesty, marked this milestone with a tweet in 2026, presenting a side-by-side comparison of Bitcoin perpetual liquidity on Binance and Hyperliquid. How quaint.

The wallet drama begins with a touch of bureaucratic sleepiness: a token approval, long forgotten, shrugged off its responsibilities until an attacker found it and proposed a sudden, extremely efficient heist. The funds arrived through an account abstraction transaction, and the trespasser moved with the punctuality of a clerk who actually enjoys their job.

Meanwhile, the market, ever the capricious beast, sent mixed signals, as if it couldn’t decide whether to weep or cackle with glee.

Ethereum’s price, like a poorly written sonnet, failed to clasp $2,920’s elegance and tumbled sideways into the abyss. Bitcoin wept, and Ether followed suit, descending beneath $2,860 as if choreographed by the grim reaper. A brief flirtation with $2,780 ensued, the kind of self-destruction one might expect from a byronic hero.