Binance Listing Propels HYPE Coin to Record High Amid Founder-Exchange Debate

Hyperliquid’s native token HYPE experienced a significant surge, climbing over 20% in just three days to reach an all-time high in May 2025. This remarkable rally was primarily driven by Binance’s announcement to list HYPE on its spot trading platform, although the exact listing date was not disclosed. The excitement around the Binance listing was somewhat overshadowed by a public disagreement between Hyperliquid founder Jeff Yan and Binance’s Changpeng Zhao (CZ). The dispute arose from CZ’s criticism of HYPE’s public pools, with the Binance CEO suggesting private dark pools as an alternative. Yan, however, argued that such pools could still be manipulated, highlighting ongoing tensions between project founders and exchanges regarding liquidity solutions. Despite this controversy, the market responded overwhelmingly positively to the Binance news, demonstrating the enduring influence of major exchange listings on cryptocurrency valuations. As of June 2025, HYPE’s price action continues to attract attention from traders and investors alike, serving as a case study in how exchange-related developments can dramatically impact token performance in the crypto market.

HYPE Coin Hits All-Time High in Q2 with Binance Listing Boost

Hyperliquid’s native token HYPE surged over 20% in three days, reaching an all-time high in May. The rally was fueled by Binance’s announcement to list HYPE on its spot trading platform, though the exact date remains undisclosed.

Founder Jeff Yan clashed with Binance’s Changpeng Zhao (CZ) over criticism of HYPE’s public pools. CZ proposed private dark pools as a solution, but Yan countered that such pools could still be outsmarted. Wintermute’s founder suggested the public spat was a clever marketing ploy for Hyperliquid.

Hyperliquid (HYPE) Surges 15% Amid Binance.US Listing Buzz and DeFi Momentum

Hyperliquid’s native token HYPE rallied 15.05% to $37.58 as decentralized exchange tokens gain traction in a resurgent DeFi market. The surge coincided with Binance.US’s teaser about imminent spot trading availability, though the exchange’s announcement was abruptly truncated mid-sentence on social media platform X.

Trading volume spiked 87% as the protocol’s fully on-chain architecture attracted liquidity seekers. Market capitalization now stands at $12.6 billion with 333.92 million HYPE in circulation - just one-third of the 999.99 million total supply. Intraday highs touched $37.90 as bullish sentiment permeated crypto forums.

The protocol’s emphasis on transparent order book mechanics and low-latency execution continues drawing institutional-grade participants to its perpetual swaps market. This price action precedes Hyperliquid’s planned integration with major liquidity aggregators in Q3 2024.

BNB Gains Amid Regulatory Relief and Trading Resurgence

Binance’s BNB token surged 3.6% to $673.70 following the SEC’s dismissal of its lawsuit against the exchange, before settling at $665. The regulatory clarity coincided with Binance.US restoring USD deposit features, including ACH transfers—a partial revival of fiat channels that bolstered market sentiment.

BNB Chain processed $14 billion in daily DEX volume, outpacing ethereum and Solana combined. This activity underscores its enduring role in crypto markets despite ongoing scrutiny. Technical analysis revealed strong accumulation patterns, with price action forming an ascending channel before consolidating above the $665 support level.

Binance’s CZ Highlights Regulatory Irony in Indian Bribery Case

Binance founder Changpeng Zhao seized on a high-profile Indian corruption case to underscore the inconsistent treatment of cryptocurrencies in regulatory narratives. Authorities confiscated gold, silver, and cash worth millions from a tax official—but the absence of digital assets became the story.

"No crypto involved, right? If he had $100 BTC, it WOULD have been a crypto problem," CZ tweeted. The remark cuts to the heart of India’s ambiguous stance, where even trivial crypto holdings often dominate enforcement rhetoric.

India’s Supreme Court recently pressed the government for clearer digital asset rules. This case exemplifies why: the same conduct draws disproportionate scrutiny when framed as a "crypto crime"—regardless of materiality or context.

Elon Musk’s Alleged Endorsement of XRP Sparks Speculation Amid Lack of Verification

Rumors of Elon Musk endorsing Ripple’s XRP token have resurfaced, triggering a wave of speculation across crypto communities. An unverified claim by user CryptoGeek on X alleged Musk posted and quickly deleted a message calling XRP "quite promising," alongside assertions of a potential Ripple partnership for global payments. No evidence supports these claims—no screenshots or corroborating posts from Musk or Ripple exist.

Historical context adds fuel to the fire. Similar rumors circulated previously, including a debunked $104 billion investment narrative tied to X’s payment infrastructure. Binance Square images purportedly showing Musk with Ripple CEO Brad Garlinghouse further amplified the buzz, with some predicting XRP could reach $600 post-collaboration. Market reactions remain untested, as neither Musk nor Ripple has acknowledged these claims.

12 New Companies Add Bitcoin to Balance Sheets as CZ Advocates Risk-Taking

Binance founder Changpeng Zhao (CZ) has framed corporate Bitcoin adoption as a calculated risk-management strategy, responding to data showing a dozen firms added BTC to their treasuries in May. The movement echoes MicroStrategy’s pioneering treasury approach, now spreading to smaller enterprises.

GameStop led the pack with a 4,710 BTC acquisition, followed by Zap Solutions (1,500 BTC) and DDC Enterprise (100 BTC). The purchases range from Roxom Global’s 98.01 BTC to H100 Group’s modest 4.39 BTC allocation—demonstrating scalability of the bitcoin treasury thesis across market capitalizations.

"Not taking risks is a risk," CZ remarked, dismissing critiques of corporate BTC exposure. His commentary reframes volatility concerns as prudent portfolio diversification in an era of monetary debasement. The Binance CEO’s stance reinforces Bitcoin’s evolving narrative from speculative asset to legitimate treasury reserve.