Bitcoin24h $103,621.88-1.31%

Ethereum24h $2,519.25-3.71%

XRP24h $2.13-2.45%

BNB24h $653.62-2.20%

Solana24h $154.65-4.90%

Dogecoin24h $0.1888-7.66%

TRON24h $0.2686-0.57%

Cardano24h $0.6664-4.74%

Sui24h $3.16-8.05%

Hyperliquid24h $31.54-3.03%

Hyperliquid trader ‘Tether FUD’ leverages 40X to short bitcoin

Tether FUD, a trader on the Hyperliquid perpetual futures exchange trader, took on 40X leverage to bet that bitcoin’s price would crash.

HyperLiquid lets influencers experience blowing up a fund

Crypto influencers like Rektober and Sifu are actively losing users’ money via hedge fund-like HyperLiquid vaults.

HyperLiquid has responded to an increasing velocity of criticisms about its code, token supply, and validator centralization.

While some would like to see Lazarus Group’s ill-gotten gains go down the drain, others see the activity on HyperLiquid as a worrying sign.