Binance Futures Embraces HYPE Token as HyperLiquid Gains Traction in Derivatives Market

In a significant move highlighting the growing competition in the decentralized derivatives space, Binance Futures has listed HYPE, the native token of HyperLiquid, as a USD-margined perpetual contract with up to 75x leverage. This development comes amid HyperLiquid’s remarkable surge in trading activity, with the platform processing $11 billion in perpetual trading volume recently. The listing follows a 77.5% monthly price rally that propelled HYPE into the top 15 cryptocurrencies by market capitalization, signaling strong market confidence in the project. As of May 2025, this strategic addition to Binance’s offerings not only expands trading opportunities for users but also validates HyperLiquid’s position as a leading decentralized derivatives platform in the current market cycle. The high leverage option particularly caters to sophisticated traders seeking amplified exposure to this emerging sector of decentralized finance.

Binance Futures Lists HYPE Token Amid HyperLiquid’s Surging Trading Activity

Binance Futures added HYPE, the native token of competing derivatives platform HyperLiquid, as a USD-margined perpetual contract with up to 75x leverage. The listing follows a 77.5% monthly rally that propelled HYPE into the top 15 cryptocurrencies by market capitalization.

HyperLiquid processed $11 billion in perpetual trading volume recently, cementing its position as this market cycle’s leading decentralized derivatives venue. Despite the Binance listing, HYPE dipped 4.3% amid broader crypto market weakness.

"The first exchange to offer HYPE spot markets will generate $100 million in fees within a year," predicted prominent trader Flood on X. Binance Futures maintains its dominance as the largest centralized derivatives platform with $91 billion in daily volume.

SEC Dismisses Binance Lawsuit With Prejudice in Policy Shift

The U.S. Securities and Exchange Commission abruptly ended its high-profile enforcement action against Binance, dismissing the case with prejudice in a federal court filing. The move prevents future litigation on the same claims and signals a recalibration of the agency’s approach to crypto regulation.

Binance’s $4.3 billion November settlement and former CEO Changpeng Zhao’s guilty plea appear to have satisfied regulatory demands. The exchange continues operating under new leadership while navigating an evolving compliance landscape.

Binance Futures Lists HYPE With Up to 75x Leverage Amid Unexpected Price Dip

Binance Futures has expanded its offerings with the introduction of the HYPE/USDT perpetual contract, now available with leverage up to 75x. The launch, effective May 30 at 10:30 UTC, targets traders seeking high-risk, high-reward opportunities. Funding rates are capped at ±2.00%, with settlements every four hours—subject to future adjustments based on market conditions.

Despite the bullish infrastructure, HYPE’s price defied expectations, dropping 4.5% post-launch and 11% weekly to $32.8. The decline contrasts sharply with its 78% monthly surge, which outperformed major cryptocurrencies like Bitcoin and Ethereum. Market participants speculate whether profit-taking or broader volatility drove the sell-off.

Hyperliquid’s native token maintains its position as the 12th-largest cryptocurrency by market cap. The contract will soon support Futures Copy Trading, lowering barriers for retail investors to mirror institutional strategies.

5 Underrated Cryptos to Watch in May 2025 Before They Go Mainstream

While Bitcoin and ethereum dominate headlines, lesser-known cryptocurrencies are quietly building momentum. Three projects stand out for their technological innovation and real-world adoption potential.

Kaspa (KAS) employs a novel GHOSTDAG protocol that enables parallel block processing, significantly improving scalability. Recent optimizations in version 0.16.0 have reduced resource requirements for node operators, while merchant adoption grows through 80+ commercial partners.

Injective (INJ) emerges as a specialized LAYER 1 solution for DeFi, supporting high-frequency trading with 25,000 TPS capacity. The ecosystem’s deflationary token model and institutional backing from Binance and Pantera Capital position it uniquely in the derivatives market.

VeChain (VET) continues to demonstrate enterprise blockchain viability through partnerships with Fortune 500 companies. Its supply chain solutions for BMW and Walmart showcase tangible use cases beyond speculative trading.

Bitcoin Price Faces Bearish Pressure Amid Market Volatility

Bitcoin’s price has encountered significant downward momentum this week, slipping below crucial support levels as selling pressure intensifies. The failure to reclaim lost ground signals persistent bearish control, yet underlying market sentiment remains optimistic for a post-correction rebound.

Recent volatility stems not from judicial action but from geopolitical developments—President Trump’s tariffs on Canada and Mexico triggered a market-wide tremor. Bitcoin briefly plunged below $91,000, liquidating nearly $1 billion in positions. A subsequent federal court block on $10 billion tariffs has injected fresh Optimism into BTC’s trajectory.

Perpetual traders and spot sellers appear divided on Bitcoin’s next move. Binance data reveals whales aggressively defending the $100,000 level with bids, while spot participants position for a potential $120,000 breakout. The looming possibility of a death cross formation adds complexity to the current technical landscape.

Two New Bitcoin Wallets Withdraw $84.2M in BTC From Binance

Two newly created bitcoin wallets have withdrawn a combined 800 BTC, worth approximately $84.2 million, from Binance’s hot wallet. The transactions, occurring at 09:21:13 UTC, signal a potential shift in holder behavior as Bitcoin trades below its all-time high of $111,800, currently hovering around $105,503.

Large withdrawals to new wallets often indicate intentions for long-term storage or reduced selling pressure. This movement aligns with a broader trend of Bitcoin exiting exchanges, suggesting institutional or private accumulation.