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Decentralized exchange Hyperliquid delivered $215 million in gross revenue during Q1 2026 — crypto’s worst quarter since the 2018 ICO crash — outperformed Bitcoin by 71.5 percentage points, and on one

Decentralized exchange Hyperliquid delivered $215 million in gross revenue during Q1 2026 — crypto’s worst quarter since the 2018 ICO crash — outperformed Bitcoin by 71.5 percentage points, and on one February night, became the de facto global price discovery venue for crude oil while every legacy commodity exchange was closed.

The findings come from a comprehensive 48-page quarterly report published by the Hyperliquid Research Collective (HRC), a joint initiative of Four Pillars and GLC Research, drawing on on-chain data from ASXN, DeFiLlama, and 0xArchive.

The quarter unfolded as Bitcoin fell 26.7% and total crypto market capitalization shed roughly $900 billion. Hyperliquid’s headline metrics declined with the market — holder revenue dropped 33.6% quarter-over-quarter to $149.90 million and perpetual derivatives volume fell 15.6%. Those numbers, the report argues, are not the story.

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HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview

The Night Hyperliquid Became The Oil Market

On February 28, following US-Israeli strikes on Iran, traditional commodity exchanges went dark. Hyperliquid’s 24/7 oil perpetual derivatives markets stayed open. The protocol became what the report describes as the de facto price discovery venue for crude oil while legacy infrastructure sat offline — an event that drew coverage from Bloomberg, the Wall Street Journal, and Fortune within a five-day window, according to the report.

That single session, the HRC notes, said more about Hyperliquid’s institutional trajectory than any quarterly metric.

The Number That Matters: HIP-3

Beneath the headline revenue decline, a structural transformation was underway. Native crypto perpetual derivatives vol

Decentralized exchange Hyperliquid delivered $215 million in gross revenue during Q1 2026 — crypto’s worst quarter si

HTX Community April Creation Contest$110K Spring Airdrop Rain—18 Days Straight!HTX Creation Challenge — Post and Win 1,500U 💥Bitcoin leads crypto market higher as broad rally returns The cryptocurrenc

$110K Spring Airdrop Rain—18 Days Straight!

HTX  Creation Challenge — Post and Win 1,500U 💥

Bitcoin leads crypto market higher as broad rally returns

The cryptocurrency market is showing renewed strength as Bitcoin drives a fresh wave of bullish momentum across major digital assets. The latest move signals improving investor confidence after recent consolidation.

Market participants note that Bitcoin’s upward trend is helping lift sentiment across altcoins, with trading volumes gradually increasing and buyers regaining short-term control.

Key highlights:

 Crypto market turning bullish as momentum returns

 Bitcoin leading the upward move

 Rising trading activity across major assets

Sentiment: cautiously bullish with improving demand


Analysts suggest that if Bitcoin continues to hold gains and extend higher, it could strengthen the broader market recovery and support further upside across top cryptocurrencies.

leads crypto market higher as broad rally returns

MEGA: Real-Time Execution Layer for Ethereum

On May 9, recent reports indicated that the average bonus for SK Hynix employees in South Korea could reach 6.1 million RMB. This information originated from a forecast by international investment ban

SK Hynix Responds to 'Average Employee Bonus of 6.1 Million RMB': Predictions Uncertain

Rain: Uniswap for Predictions on Arbitrum

With the crypto market turning slightly bearish, the Ethereum price has lost the $2,300 mark, raising questions about the stability of its recent upswing. Amid this sideways price action, a report sho

With the crypto market turning slightly bearish, the Ethereum price has lost the $2,300 mark, raising questions about the stability of its recent upswing. Amid this sideways price action, a report shows that a fading bullish sentiment among Ethereum whales is evidenced by a significant decline in their holdings.

Large ETH Players’ Portfolio Shrinks Sharply

After examining Ethereum whales‘ holdings, Ali Charts, a seasoned market expert and trader, revealed that these key investors are exhibiting a trend not seen in over a year. While ETH’s price is slowly losing its upside momentum, a major wave of selling has rattled the ETH market.

This heightened selling activity was observed among large investors or whales holding between 1,000 ETH and 10,000 ETH as they dump nearly a quarter of their holdings in the face of uncertainty. Such a trend underscores a major decrease in exposure, which raises questions about confidence and short-term market stability.

Since October 6, 2025, Ethereum holders between 1,000 and 10,000 ETH have undergone a notable regime shift in their market activity. Prior to the shift, the cohort was spotted in a steady accumulation phase. During the period, these investors’ ETH portfolio saw a rise from 12.95 million ETH in April 2025 to a peak of 15.95 million ETH by October 6, 2025. Fast forward to May 2026, and this behavior has flipped again.

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Source: Chart from Ali Charts on X

As seen in the chart shared by Ali Charts, the amount of ETH held by these mid-tier whales has dropped from 15.95 million to about 12.52 million, which represents an approximately 21.5% decrease in their total position. This simply implies a dramatic change in positioning from some of the network’s largest investors

With the crypto market turning slightly bearish, the Ethereum price has lost the $2,300 mark, raising questions ab

Claim1,200 USDT in the Monthly Creation ChallengeThe US crypto industry could soon witness a major regulatory breakthrough as the CLARITY Act is officially scheduled for a Senate Banking Committee vot

Claim1,200 USDT in the Monthly Creation Challenge

The US crypto industry could soon witness a major regulatory breakthrough as the CLARITY Act is officially scheduled for a Senate Banking Committee vote on May 14. The announcement has reignited optimism across the digital asset sector, with many industry leaders calling it one of the most important legislative developments for crypto in recent years.

The CLARITY Act was originally introduced in July 2025 with the goal of providing clearer rules for cryptocurrencies, decentralized finance, blockchain innovation, and stablecoins in the United States. However, the bill faced delays earlier this year after Coinbase withdrew support due to concerns surrounding DeFi regulations, restrictions on stablecoin yield products, and the lack of legal protections for open-source software developers.

Following the confirmation of the upcoming markup session, Coinbase Chief Legal Officer Paul Grewal reacted by saying, “It’s on like Donkey Kong,” while Coinbase Chief Policy Officer Faryar Shirzad described the development as a “big step forward” for both innovation and consumer protection in the United States.

For years, crypto companies have argued that unclear regulations and aggressive enforcement policies under the previous SEC leadership pushed innovation and investment away from the US toward more crypto-friendly countries. Many industry participants believe the CLARITY Act could help reverse that trend by creating a more predictable legal framework for blockchain businesses and investors.

Pro-crypto Senator Cynthia Lummis also publicly backed the legislation and urged lawmakers to move the bill forward through the Banking Committee. According to industry insiders, the legislation will likely require bipartisan support and at least 60 votes in the Senate to eventually become law.


The US crypto industry could soon witness a major

On May 9, INTC reached $130.57 during the day, marking a new 52-week high, before closing near $126. This followed two days of gains...Intel's stock reached a new 52-week high of $130.57, closing near

On May 9, INTC reached $130.57 during the day, marking a new 52-week high, before closing near $126. This followed two days of gains...Intel's stock reached a new 52-week high of $130.57, closing near $126 after a significant rally fueled by a preliminary deal with Apple and positive job reports.

The company has seen a remarkable 500% increase from its 2025 low, surpassing Oracle in market capitalization, now exceeding $600 billion.

Despite a strong bullish outlook, Intel's valuation raises concerns, with a forward P/E ratio between 125 and 198, and Morningstar's fair value estimate at $91.

Upcoming earnings on July 23 will be crucial for confirming the Apple foundry deal and assessing Intel's potential in the semiconductor market.

On May 9, INTC reached $130.57 during the day, marking a new 52-week high, before closing near $126. This followed two days of gains over 10%, sparked by news of a preliminary Apple foundry deal and a tech rally after the latest jobs report. The stock has climbed about 500% from its 2025 low of $18.97. Intel now has a higher market cap than Oracle. The bullish outlook is strong, but Morningstar’s fair value remains $91.





Intel (INTC) Stock Analysis: $... ⚡ Start trading

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Price Guess: 18M HTX Awaits You Major Pair levels and bias summaryGold is meant to be a 'safe haven' in uncertain 

Major Pair levels and bias summaryGold is meant to be a 'safe haven' in uncertain times.

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Accumulation: A 2026 Milestone

Major Pair levels and bias summaryGold is meant to

Claim1,200 USDT in the Monthly Creation ChallengeHTX Creation Challenge — Post and Win 1,500U 💥Post To Earn BonusSwiss campaigners are dropping a bid for the SNB to hold bitcoin reserves after collect

Swiss campaigners are dropping a bid for the SNB to hold bitcoin reserves after collecting about half of the 100,000 signatures needed for a national referendum.
The initiative sought to amend Switzerland's constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves.
The SNB had previously rejected the proposal over concerns regarding bitcoin’s liquidity and volatility as a

Swiss central bank bitcoin reserve push fails over

solvernet ran its first collective pool execution on SWE-Bench v2 this week. single SOTA models solve ~30-35% of real github engineering tasks. if pooled agents start cracking 40%+ by aggregating each

Claim1,200 USDT in the Monthly Creation ChallengeHTX Creation Challenge — Post and Win 1,500U 💥Post To Earn BonusXRP’s waning price performance seems to have finally influenced the network’s activity,

XRP’s waning price performance seems to have finally influenced the network’s activity, which has seen a notable cooldown in the month of May. Just a few days into May, the network is struggling to attract new wallet addresses. After over a year, new addresses have fallen to one of their lowest levels.

New XRP Addresses Drop Dramatically
The XRP network’s activity and its price are starting to move toward the same negative direction. While the recent momentum in price is slowly fading away, user growth across the network appears to have sharply cooled down.

The slowdown is a result of a significant drop in the number of new wallet addresses created on the network. According to the chart from Glassnode, a popular research and on-chain data analytics platform, the metric has fallen from its peak in late 2024. Currently, the tide of new user onboarding and involvement that formerly drove network growth has slowed in recent months.

Glassnode announced that new wallet addresses on the XRP network have collapsed from 18,000 XRP in a single day in December to about 2,700 XRP per day as of yesterday. This drop from the 2024 high to today’s levels represents a more than 85% decrease after over a year.

In the ever-evolving crypto market, new addresses are often linked to retail investors. Therefore, the declining new addresses’ activity points to a sign of weakening retail involvement, particularly during times of increased speculation and market excitement.


Source: Chart from Glassnode on X
Amid this fading, new wallet addresses created on the XRP network, its monthly active supply is telling a different story. As reported by Glassnode, the monthly active supply is exhibiting bearish activity, dropping from 7.4 billion XRP per day to around 2 billion per day over the same period.

Looking at the setup, the platform has highlighted that the speculativ

XRP’s waning price performance seems to have final

市场的生存法则从不是“找密码”，而是“守规律”。 趋势清晰就顺势而为，赛道靠谱就深耕不换，经验急不来，根扎深了，财富自然往上冒。

市场的生存法则从不是“找密码”，而是“守规律”。<div><br /></div><div>趋势清晰就顺势而为，赛道靠谱就深耕不换，经验急不来，根扎深了，财富自然往上冒。<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/26d5c04bf1ee4621bb9e6c5df728958e.jpeg" alt="请检查网络连接" style="width: 100%; height: auto;" /></div><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/67582c37e0c845229a060951cfa1ffaa.jpeg" style="width:100%; height:auto" alt="请检查网络连接" /><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/b62f7186a7f04130a34958749ba60f3d.jpeg" style="width:100%; height:auto" alt="请检查网络连接" /><br />

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