Bitget’s Gracy Chen Criticizes Hyperliquid Over JELLY Delisting Controversy

Hyperliquid has responded to market concerns following the delisting of JELLY perpetual contracts due to suspicious market activity. The platform’s validator set took decisive action to protect traders and uphold trust, with the Hyper Foundation committing to compensate affected users based on on-chain data. However, Bitget’s Gracy Chen has publicly criticized the move, casting doubt on Hyperliquid’s claims of decentralization. Meanwhile, Bitget continues to innovate with the launch of Bitget Onchain for early access.

Hyperliquid Responds to JELLY Delisting and Criticism

Hyperliquid responded to market concerns regarding JELLY perpetual contracts being delisted due to suspicious market movements. The platform’s validator set took the action to protect traders and maintain trust. To offset users’ losses, the Hyper Foundation committed to paying affected traders via on-chain data. Bitget’s Gracy Chen condemned the action, questioning Hyperliquid’s decentralization.

Bitget Launches Bitget Onchain for Early Access to On-chain Assets

Bitget, a leading cryptocurrency exchange and Web3 company, has unveiled Bitget Onchain, which combines the speed, security, and simplicity of centralized platforms with direct access to emerging on-chain assets. This innovation redefines how users discover and trade the next wave of crypto opportunities. Bitget Onchain provides on-chain asset transactions directly on the Bitget App for users with USDT or USDC in their spot account, offering an exchange-level trading experience without complexity. Initially, the product will support Solana, BNB Smart Chain (BSC), and Base, featuring tokens such as RFC, KTA, and 30 more.