Bitcoin24h $115,456.14-0.27%

Ethereum24h $4,627.60-0.99%

XRP24h $3.04-2.17%

Solana24h $242.38-2.39%

BNB24h $930.75-0.50%

Dogecoin24h $0.2791-3.53%

TRON24h $0.3506-0.10%

Cardano24h $0.8925-3.31%

Hyperliquid24h $54.19+0.08%

Chainlink24h $24.18-2.66%

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.