Hyperliquid rise rattles crypto industry, draws White House attention

Hyperliquid , a decentralized derivatives platform, has reportedly caught the attention of the White House and unsettled major players in the crypto industry. Despite its official inaccessibility to U.S. users, Hyperliquid’s growth has made it a significant offshore competitor in the crypto derivatives market. The platform’s native token, HYPE, is currently in the $82–$85 range, with a substantial 24-hour volume between $1.1 and $1.3 billion. This surge in prominence has also attracted interest from U.S. policymakers and established financial firms, with some exploring the development of regulated U.S. products using Hyperliquid’s infrastructure. The focus will be on how U.S.