Hyperliquid is Boomin’

American Bitcoin (ABTC), the bitcoin miner and accumulation business backed by HUT 8, Eric Trump, and Donald Trump Jr., made a splash in the Nasdaq this week after its merger with Gryphon Digital Mining. On Wednesday, the stock had surged as much as 110% higher, leading to multiple trading halts, yet closed its opening day with only a ~17% gain. Throughout the week, however, the stock has continued to slide below opening post-merger price. Read more →

World Liberty Financial – the Trump-linked token project – blacklisted a wallet tied to Justin Sun, a significant WLFI investor, after on-chain trackers saw transfers to exchange deposit addresses. Sun denied selling, calling them minor “deposit tests,” and publicly urged the team to unlock his tokens. The dust-up follows HTX (Sun’s exchange) marketing ~20% yields on WLFI deposits, raising obvious conflict-of-interest questions. Read more →

Hyperliquid is becoming the premiere venue for on-chain trading, recently surpassing Coinbase and Bybit in 24-hour spot trading volume. The protocol has processed over $200 billion in trading volume in recent months and has allowed it to directly compete with centralized exchange offerings on both liquidity and user experience, a feat few decentralized protocols have been able to offer. Hyperliquid also recorded its highest-ever revenue and trading volume in August. According to data from DefiLlama, the platform's monthly revenue hit $106 million, a 23% increase from July's total of $86.6 million. Read more →

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