The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem.
A regulatory review earlier this year found weaknesses in some exchanges’ cyber defenses, prompting the SFC to set new custody standards for licensed platforms.
Ether traders took the biggest hit, with $348.9 million liquidated, followed by Bitcoin at $177.1 million. Solana, XRP, and Dogecoin saw $64.2 million, $58.8 million, and $35.8 million in liquidations, respectively.
ChatGPT said: NEAR Protocol swung between $2.78 and $3.05 as nearly 20 million tokens changed hands during peak sell pressure, before buyers stepped in to lift prices back toward $2.82.
ATOM-USD rebounded sharply from a midday selloff, with heavy volume and fresh support at $4.60 signaling renewed buyer confidence, even as resistance at $4.91 remains unbroken.