Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum Improvement Proposal (EIP) 8222 is set to adopt a STARK-based cryptographic scheme to enhance on-chain privacy for institutional stakers.
EIP-8222, an Ethereum Improvement Proposal, proposes to adopt a STARK-based cryptographic scheme to weaken the traceable correlation between staking deposit addresses, validators, and withdrawal credentials, with the goal of enhancing on-chain privacy for institutional stakers. Digital asset bank Sygnum Bank stated that this move could help attract more institutions to participate in staking, though it may also result in higher execution costs, slower asset operation processes, and additional compliance and audit requirements. The proposal remains in the discussion stage, and no launch timeline has been confirmed.
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UK-based crypto treasury firm Satsuma will sell 668 Bitcoin and initiate delisting.
UK-based Bitcoin treasury firm Satsuma’s shareholders have approved the sale of its 668 Bitcoin reserves and initiated delisting procedures. The company will offload all 668 BTC, with delisting expected to be completed by September 14, 2026, and fund payments plus CREST transfers finalized by September 28. Satsuma’s Bitcoin reserve strategy lasted less than a year; it earlier raised $218 million via convertible notes, later selling some Bitcoin to repay holders of unconverted notes. As of April this year, the firm’s stock price had fallen more than 99% from its peak.
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Ark Invest purchased 16,665 shares of Securitize on Tuesday, worth approximately $125,700.
According to market data from BIT (bit.com), Ark Invest, the firm led by Cathie Wood, purchased 16,665 shares of Securitize (ticker: SECZ), BlackRock’s real-world asset (RWA) platform, on Tuesday, for a total value of approximately $125,700. SECZ gained 13.9% that day, closing at $7.54.
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Trump endorses crypto ethics bill: Prohibits federal officials from issuing cryptocurrencies, with the U.S. Department of Justice serving as the lead enforcement agency.
According to multiple sources familiar with the matter, the crypto ethics provision signed by Trump will bar federal officials—including members of Congress, the president, and vice president—from issuing digital assets, and designate the U.S. Department of Justice (DOJ) as the primary enforcement authority for the provision, rather than state attorneys general. This arrangement could become a new point of contention in advancing the CLARITY Act, as Democrats have long argued that states should retain certain enforcement powers. Maryland Democratic Senator Angela Alsobrooks, one of the lead negotiators for the bill, issued a statement earlier Tuesday: “The DOJ enforcing ethics provisions? This is not a serious proposal. If the language stays this way, I will not support the bill.” Her concerns over enforcement powers specifically target Trump’s personal meme coin and his family’s firm, World Liberty Financial. The ethics provision has been the final sticking point for the CLARITY Act after months of legislative hurdles. Patrick Witt, a senior White House advisor for crypto affairs, revealed the details of the ethics language during an industry call on Tuesday afternoon. The White House has not confirmed the exact text, but an official attributed the potential impasse to Democrats in an email: “If Senate Democrats block this historic legislation after the administration has gone to great lengths to accommodate their concerns, industry players should recognize that it is Democrats holding up the bill, as they have never taken legislative outcomes seriously.” Currently, both sides continue negotiations based on the current draft, and it remains unclear whether an agreement can be reached before the Senate adjourns.
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A crypto whale closed out a $35 million long position in MU, booking a profit of $1.71 million.
According to EmberCN's monitoring, a whale went long on Micron Technology worth $35 million yesterday, and closed the position six hours ago, locking in a profit of $1.71 million. The entry price was $918, and the exit price stood at $964.
According to market data from BIT (bit.com), U.S. space stock Rocket Lab (RKLB) closed up 5.14% and gained over 7% in after-hours trading. The company has secured a $266 million contract from the U.S. Air Force to launch 12 suborbital vehicles, with an optional additional 6 launches. The missions will be conducted in Alaska and are scheduled for completion by the end of 2028. Separately, SpaceX rose more than 3%, ending its 7-day consecutive losing streak, and added another 1.3% in after-hours trading. SpaceX will release its Q2 2026 earnings report and hold a live earnings webcast on August 4, with the market currently focused on Starship’s next test flight.
Finding the next 10x crypto requires more than selecting the cheapest token. Hyperliquid generates decentralized derivatives volume, Chainlink connects financial systems, NEAR supports user-owned AI, and Ethereum benefits from institutional scarcity. MemeToro completes the list through an earlier AI memecoin platform, although every 10x target remains speculative and carries a different level of risk.
Hyperliquid Turns Trading Into Revenue Hyperliquid is one of the strongest candidates because its perpetual decentralized exchange has processed $45 billion in monthly volume.
Unlike tokens supported mainly by forecasts, HYPE sits inside a platform with measurable trading activity. As more users leave centralized exchanges for transparent on-chain perpetuals, Hyperliquid can capture fees and liquidity.
Its upgraded Layer-1 network also delivers sub-100-millisecond execution. That speed makes the platform more attractive to professional traders who require quick order settlement.
HYPE already has a public valuation, so reaching 10x would require considerably more liquidity and adoption. Its advantage is that its core business is active rather than waiting for a future launch.
Chainlink Connects Traditional And Digital Markets Chainlink’s Cross-Chain Interoperability Protocol has integrated with three major central bank digital currency pilots.
CCIP allows institutions and blockchain networks to exchange information and value through a standardized system. This places Chainlink inside the growing tokenization and cross-chain settlement market.
LINK could benefit if banks, governments, and asset managers increase their use of blockchain infrastructure. Its risk is that enterprise adoption can develop slowly, even when technical integrations appear promising.
Still, Chainlink provides essential data and interoperability rather than depending on one consumer application.
NEAR And Ethereum Target Institutional Utility NEAR Protocol is processing a reported 8.2 million daily active wallets, with much of that activity linked to decentralized, user-owned AI models.
This gives NEAR direct exposure to the AI agent economy. Michaël van de Poppe believes protocols such as NEAR and Hyperliquid are attracting liquidity because they generate genuine utility.
Ethereum offers a more established setup. Corporate treasuries and spot ETF lockups have reportedly removed 42% of circulating ETH from open exchanges. Continued staking and institutional accumulation could tighten available supply.
ETH is less likely to deliver a quick 10x than a small presale, but it carries a larger developer ecosystem and greater institutional acceptance.
MemeToro Provides The Earliest Entry MemeToro is the smallest and least proven project on the list. Its potential comes from combining AI agents with memecoin creation before $MT enters public trading.
The MemeToro agent identifies online trends and produces complete token packages. Its planned benefits include:
Automated trend identification No-code memecoin creation Fair launches without insiders Early discovery dashboards PancakeSwap migration Up to 1.2% creator fees Generated tokens can be tracked and traded through the planned MemeToro platform, giving $MT potential uses beyond presale participation.
Stage 4 Creates A Higher-Risk Setup MemeToro has raised $80,178.47 in Stage 4, filling 73.28% of its $109,411.90 target.
$MT currently costs $0.00232, while the stated launch price is $0.01875. The planned gap is about 8.08 times, but the token must still attract enough liquidity to maintain its launch valuation.
Buyers can use BNB, ETH, supported stablecoins, or bank cards. Allocations are expected to become claimable at launch.
A 10x outcome would require successful product delivery, platform adoption, exchange liquidity, and continued demand for AI-generated memecoins.
Next 10x Crypto Requires Different Catalysts Hyperliquid offers derivatives revenue. Chainlink supports institutional interoperability. NEAR provides AI infrastructure, while Ethereum combines staking with supply scarcity.
MemeToro makes the list because it offers the earliest market entry and a focused AI agent use case. It also carries the highest execution risk among these five selections.
None can be called a guaranteed next 10x crypto. The strongest approach is to examine whether usage, revenue, liquidity, and token demand can grow together.
MemeToro’s potential depends on turning Stage 4 momentum into an active creator and trading economy after launch.
FAQs Which Altcoin Has The Most Established Utility? Ethereum has the deepest ecosystem, while Hyperliquid and Chainlink have particularly clear trading and interoperability functions.
Why Is MemeToro Included? MemeToro offers pre-listing exposure to AI-powered memecoin creation, discovery, fair launches, and trading infrastructure.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin Provides Defensive ExposureBlue Macellari, T. Rowe Price’s head of digital assets and the ETF’s lead portfolio manager, said the fund reflects the company’s longstanding emphasis on active management and fundamental research.
"We were never going to launch just a Bitcoin ETF," Macellari said during an appearance on the Crypto Prime podcast on Monday.
Its initial portfolio was led by Bitcoin at roughly 41% and ETH at about 18%, followed by positions in BNB, SOL XRP, HYPE and smaller allocations to other assets.
Macellari described the current market as a crypto winter and noted the fund is positioned relatively defensively, explaining its substantial Bitcoin weighting.
‘Tokenization Good, Crypto Bad’ Is A False DivideMacellari argued that Wall Street often tries to separate tokenization from cryptocurrencies by claiming tokenization is valuable while native digital assets are not.
She rejected that distinction.
If stocks, funds and other financial products migrate to public blockchains, their activity could create value for the networks and native tokens underpinning those systems.
The broader portfolio reflects T. Rowe Price’s bullish outlook on what she called "on-chain finance."
Macellari highlighted Hyperliquid’s revenue model as particularly compelling because it can be understood and valued using metrics familiar to traditional investors.
ETH and SOL may also benefit as financial institutions move tokenized assets and around-the-clock markets onto blockchain networks, she predicts.
Crypto Winter May Approach Its Final StageMacellari explained that the market has been in a persistent downturn since the October 2025 selloff, marking the first crypto winter experienced by many investors through spot exchange-traded products.
Bitcoin has suffered a drawdown of about 50%, while Ethereum, Solana and other altcoins have faced deeper declines.
However, she said the selloff has created more attractive asymmetric opportunities in projects whose underlying adoption and economics remain intact.
The key difference from previous winters is that banks, asset managers and financial platforms have continued developing digital-asset infrastructure rather than abandoning the sector.
Macellari expects choppy conditions and the possibility of further declines through the summer but believes the market could begin emerging from crypto winter heading into Q4.
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The four leading small-cap storage stocks in US equities all surged more than 10%.
According to market data from BIT (bit.com), the US stock memory sector is seeing continued strength. Micron Technology (MU) climbed 10.54%, SanDisk (SNDK) gained 11.77%, Western Digital (WDC) advanced 12.23%, and Seagate Technology (STX) rose 10.58%. Additionally, the Roundhill Memory ETF (DRAM) increased 9.91%, while SK Hynix ADR was up 10.03%.
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Apple to launch "upgrade" device rental program to boost sales
Apple (AAPL.O) is launching an "upgrade" device leasing program to boost sales, covering iPhone, iPad, Mac, and Apple Watch.
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NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices
According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.
Hyperliquid (HYPE) price is gaining after Hyperliquid unveiled an upgrade to HIP-4 to launch decentralized prediction markets. At press time, HYPE traded at $62 with a 3.5% gain in 24 hours. Trading volumes were also up by 30% to $308 million, per CoinMarketCap data.
Hyperliquid Turns Towards Prediction Markets Hyperliquid has announced an improvement to the HIP-4 upgrade that went live in May and brought prediction markets to the platform.
Per an earlier report by CoinGape, this improvement will bring permissionless contracts to the Hyperliquid prediction markets, and anyone who stakes 500,000 HYPE tokens, worth around $31 million, will be able to create a wager.
Before this improvement to HIP-4, prediction markets on Hyperliquid were exclusive to validators, which means that the expansion could bring more people to the platform, and this could see it rival Polymarket and Kalshi.
But this upgrade comes as the US Congress holds a hearing today, July 21, regarding prediction markets as scrutiny grows that the platforms are prone to market manipulation.
HYPE Price Tests Key EMA Resistance Levels as Triangle Pattern Emerges HYPE price is testing resistance at the 20-day EMA of $64. Closing above this obstacle could push HYPE to the psychological price of $70.
This 20-day EMA of $64 also lies within a symmetrical triangle pattern. The pattern has been forming since June 20 as the price of HYPE made higher lows and lower highs.
Past trends show that HYPE touched the upper boundary of the symmetrical triangle after closing above the 20-day EMA. This occurred on June 13 and July 12.
If history rhymes and HYPE closes above $64, the price might gain by 46%, which is equivalent to the height of the symmetrical triangle.
But if Hyperliquid does not close above the 20-day EMA, it might move to the lower boundary of this triangle pattern at $58.
HYPE/USDT: 1-day Chart (Source: TradingView) The RSI reading of 47 supports a bearish long-term Hyperliquid price prediction, and suggests that the price might remain within the triangle pattern until there is more buying.
Demand For HYPE ETFs Remains Low Despite Prediction Market Plans Data from SoSoValue shows HYPE ETFs have not seen any inflows for three straight trading days despite HYP price gaining.
The ETFs had zero flows on July 20, while on July 17, there were outflows of $5.45 million.
HYPE ETFs also saw their first weekly outflows of $7.26 million in the week between July 13 and July 17.
HYPE ETF Flows (Source: SoSoValue) The outflows suggest that institutional demand for HYPE has faded after the ETFs saw nine straight weeks of inflows between May 2026 and early July 2026.
Artemis CEO Forecasts $230 HYPE Price Target by 2030 While HYPE price is struggling under weak demand from retail and institutional traders, the CEO of Artemis, Jon Ma, predicts that the price might reach $230 by 2030.
Ma notes that the revenues on Hyperliquid could reach $4 billion in 2030. This will be an eight times increase from the revenue of $500 million that the platform is recording today.
“Market is missing that Hyperliquid is NOT JUST a crypto exchange but is becoming THE default venue for investors trading global markets,” Ma said.
Because of how much Hyperliquid has diversified, Ma notes that it is possible that the price of HYPE increases by 251% in four years.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices
According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.
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Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.
The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)
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Pump.fun launches BOOST mode, aiming to re-inject permanently locked liquidity into the token market.
Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.
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Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users
Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.
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GRAM surges past $1.5, gaining over 9% in 10 minutes.
According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Hyperinsight monitoring, SPCX on Hyperliquid continues its downward trajectory, currently trading at $120.66, down 47.5% from its prior high of $230. SpaceX priced its IPO at $135 per share, and SPCX has now dropped roughly 10.6% below the IPO price, hitting a daily low of $119.7. The whale address starting with 0x899c, previously tracked, went long on SPCX just ahead of the positive news that the stock would be added to the Nasdaq. For over a month after that, the address made no adjustments to its position, leaving it untouched as the positive catalyst was priced in, and through the subsequent continuous decline and drop below the IPO price, bringing the position to the brink of liquidation with only about $4 of buffer remaining. It bought 16,082.2 SPCX shares on the morning of June 15, and has not altered its position size since. As of press time, the whale holds this long position with 3x isolated margin, with the position valued at approximately $1.94 million, an unrealized loss of around $756,000, and a return of roughly -84.1%; the liquidation price is about $116.6. The account currently has only $111,500 in margin left, all of which is used to maintain this position. Trading records show this whale is a left-side trader, who earned a $620,000 profit from a long Bitcoin position in early March; subsequent long crude oil positions and this SPCX position have together erased all those gains. Previous news: A whale went all-in long on SPCX with $2.72 million, expecting the stock to rally ahead of its addition to the Nasdaq 100.
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OKX launches RLUSD holding yield activity, with annualized yield up to 10%
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Hyperliquid has launched its HIP-4 upgrade, aiming to introduce permissionless outcome markets and reduce costs. The upgrade, which went live on the mainnet in May 2026, allows for fully collateralized binary outcome contracts. However, deployers are required to stake 500,000 HYPE, which is locked for six months and subject to validator slashing if settlements are poor. This move is aimed at unifying various market types under a single cross-margin account, eliminating opening fees and liquidation risks. While the permissionless phase is initially available on testnet, the broader mainnet rollout for third-party builders is yet to be scheduled.
Recent market activity around Hyperliquid suggests varied expectations about its price trajectory by the end of 2026. Current pricing shows a 29.5% likelihood of Hyperliquid reaching $100 by December 31, 2026, a slight increase from the previous day, but a decrease over the past week. This reflects some optimism around the potential impact of the HIP-4 upgrade, yet tempered by the remaining questions over quality control and the risks associated with the new staking requirements.
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The introduction of this upgrade comes at a time when Hyperliquid’s volume has been under scrutiny, with some predicting a positive shift in market perception. However, the source of this information is a Tier 3 social media account, which may limit the expected impact on market movements. As the upgrade begins to take effect, market participants will likely continue to assess its implications for Hyperliquid’s broader market standing.
Key Takeaways Hyperliquid’s HIP-4 upgrade appears to introduce permissionless outcome markets with a requirement for significant HYPE staking. Market pricing suggests varied expectations, with a 29.5% chance of Hyperliquid reaching $100 by the end of 2026, reflecting tempered optimism. The source’s Tier 3 classification indicates that while the upgrade may influence market perception, the impact may be moderate. What to Watch Observers should monitor the broader rollout of Hyperliquid’s HIP-4 upgrade on the mainnet, especially the impact of permissionless markets on volumes and costs. Key dates for the full launch of third-party builder access will be crucial indicators of market sentiment shifts. Additionally, developments in the staking and slashing mechanisms could influence market confidence in the upgrade’s stability and its potential to drive Hyperliquid’s price towards the projected targets.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29.5% — — View market → January 1 2027 6.2% — — View market → January 1 2027 3.1% — — View market → January 1 2027 54.5% — — View market → January 1 2027 18.6% — — View market → January 1 2027 3.2% — — View market →
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
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ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
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Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.
According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews July 21 news, according to SoSoValue data, crypto market sectors broadly rebounded, with the DeFi sector standing out, up 2.28% in 24 hours. Within it, Hyperliquid (HYPE) rose 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose 4.96%, 5.325%, and 11.80% respectively. Meanwhile, Bitcoin (BTC) rose 0.80%, breaking through $65,000; Ethereum (ETH) rose 1.88%, breaking through $1,900.
As for other sectors, the RWA sector rose 2.02% in 24 hours, with Maple Finance (SYRUP) up 6.13% within the sector; the PayFi sector rose 1.00%, Telcoin (TEL) up 2.62%; the Layer1 sector rose 0.62%, NEAR Protocol (NEAR) up 4.40%; the CeFi sector rose 0.22%, NEXO (NEXO) up 1.85%; the Meme sector rose 0.17%, Bonk (BONK) up 15.22%; the Layer2 sector rose 0.04%, Arbitrum (ARB) up 2.14%.
Only the SocialFi sector dipped slightly by 0.96%, where Gram (GRAM) fell 0.76%, but Chiliz (CHZ) rose 3.06%.
Hyperliquid has activated its HIP-4 upgrade, opening prediction markets to all users on its platform. This development marks a significant strategic shift for the decentralized derivatives protocol, which has a total value locked of over $5.5 billion. The upgrade allows users to deploy fully collateralized binary outcome contracts, settling based on real-world events such as U.S. CPI and Bitcoin price thresholds. By integrating these contracts alongside existing perpetual futures and spot markets, Hyperliquid aims to enhance user engagement and compete with established platforms like Polymarket and Kalshi. The HYPE token is at $60.60, maintaining growth despite broader market uncertainties.
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Key Takeaways Hyperliquid’s HIP-4 upgrade appears to increase accessibility by allowing anyone to deploy prediction markets, potentially boosting platform activity. Market pricing suggests a 29% likelihood that Hyperliquid will reach $100 by the end of 2026, reflecting cautious optimism among participants. The introduction of zero-fee event contracts is consistent with Hyperliquid’s strategy to attract new users and compete with existing prediction market providers. What to Watch Markets are focusing on whether Hyperliquid can sustain growth and reach its $100 price target by the end of the year, as indicated by the 29% YES pricing. Key developments, such as strategic partnerships or significant increases in volume, could influence market dynamics. Conversely, any security breaches or regulatory challenges might weigh negatively on participant sentiment and pricing. As the year progresses, shifts in market sentiment will likely be driven by these unfolding events and their perceived impact on Hyperliquid’s valuation.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.1% — — View market → January 1 2027 3.1% — — View market → January 1 2027 51% — — View market → January 1 2027 9.8% — — View market → January 1 2027 3% — — View market →
Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployersHyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4.
Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4.
The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets
In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled.
Deployers will be responsible for defining and settling their markets according to the settlement criteria specified in each template. Their stake, which will remain locked for six months, may be slashed through a validator vote if their markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week.
Hyperliquid said permissionless deployment was particularly important because the range of potential event-based markets was significantly larger than the universe of assets suitable for spot or perpetual futures trading. The specifications may change before the testnet release.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployersHyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4.
Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4.
The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets
In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled.
Deployers will be responsible for defining and settling their markets according to the settlement criteria specified in each template. Their stake, which will remain locked for six months, may be slashed through a validator vote if their markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week.
Hyperliquid said permissionless deployment was particularly important because the range of potential event-based markets was significantly larger than the universe of assets suitable for spot or perpetual futures trading. The specifications may change before the testnet release.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hyperliquid announced plans to introduce a permissionless prediction market deployment mechanism via HIP-4, requiring developers to stake 500,000 HYPE tokens (valued at approximately $30.4 million) to create prediction markets. The mechanism aims to mitigate risks of low-quality markets, incorrect settlements, or malicious market creation through capital thresholds and penalty mechanisms. Per Hyperliquid’s announcement, the permissionless deployment feature will first launch on the testnet, with a planned mainnet rollout via future network upgrades. Validators will vote to finalize standardized result templates, and developers can build markets based on these templates. Each deployer can create up to 100 outcome options initially, while deployers are responsible for defining market rules and completing settlements in line with template requirements. Staked HYPE tokens will be locked for six months. If a market is ill-defined, settled incorrectly, or fails to complete proper settlement within a week, validators can vote to slash the staked assets. Hyperliquid noted that predictable events cover a broader scope than spot and perpetual contract markets, making permissionless prediction market deployment critical for expanding on-chain use cases. Relevant rules may be further adjusted ahead of the testnet launch.
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If you want to build a prediction market on Hyperliquid, you’ll need to bring roughly $30 million to the table first. The decentralized exchange has announced that developers looking to deploy permissionless outcome markets under its HIP-4 initiative must stake 500,000 HYPE tokens, locked for a minimum of 183 days.
At current prices hovering around $60 per token, the barrier to entry is steep enough to make most casual builders think twice.
What HIP-4 actually does HIP-4 enables fully collateralized binary outcome contracts, which is a fancy way of saying prediction markets. Developers can create markets where traders bet on yes-or-no outcomes, with all positions backed by real collateral rather than promises.
The system initially launched on mainnet on May 2, 2026, in a curated phase. That early rollout featured limited offerings like daily BTC binaries, essentially Hyperliquid keeping the training wheels on while it stress-tested the infrastructure.
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Now those training wheels are coming off. The transition to permissionless deployment means anyone willing to meet the staking threshold can create their own markets without needing Hyperliquid’s explicit approval.
The 500,000 HYPE staking requirement mirrors the threshold established under the earlier HIP-3 framework for market creation, maintaining consistency across the platform’s deployment standards. The tokens must stay locked for at least six months, and validators can slash those staked tokens for misconduct — including poorly defined markets or incorrect settlements.
The economics of deploying a market Deployers can earn up to 50% of the trading fee revenue generated by their markets.
The structure also benefits the broader Hyperliquid ecosystem. Every deployment locks up 500,000 tokens for at least 183 days, effectively reducing circulating supply.
Competing with Polymarket and the prediction market boom Hyperliquid is making a clear play to capture market share by leveraging its existing infrastructure as a high-performance decentralized exchange, positioning the platform alongside major players like Polymarket.
The HYPE token traded between $60 and $70 in mid-July 2026 following the announcement, with minor fluctuations in the $60.50 to $60.79 range suggesting the market had largely priced in the upgrade.
The validator slashing mechanism adds another variable. If early deployers get slashed and lose portions of their $30 million stakes, it could create a chilling effect that discourages future participation. Conversely, if the slashing mechanism functions as intended — catching bad actors while leaving legitimate deployers untouched — it would validate the economic security model that Hyperliquid is pioneering.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to monitoring by OnchainLens, a Hyperliquid trader opened a highly leveraged long position on Bitcoin (BTC), purchasing 58.31 BTC worth approximately $3.77 million with 40x leverage. The position was opened at $64,823, with a liquidation price of $64,020. Data shows the account has accumulated a profit of roughly $72,100 so far and was created just three days ago. The trading address is: 0xaf791381ba21eb8075bda573a5b8ba134f89f688.
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Hyperliquid is positioning itself as the default liquidity layer for AI agents and algorithmic systems. The play is simple on the surface: offer a single, unified feed of funding rates, open interest, and cross-venue exposure, so agents can make sharper risk assessments without stitching together data from a dozen different sources.
The platform computes funding rates hourly, capped at 4% per hour, with a 0.01% interest component factored in every 8 hours. That level of granularity matters for algorithmic systems that need precise, time-stamped inputs to model carry costs and position risk.
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The infrastructure upgrade that makes this practical is the introduction of agent wallets, sometimes called API wallets. These allow bots and AI systems to execute trades directly without requiring withdrawal permissions. A trading agent can operate on Hyperliquid with meaningful autonomy without holding the keys to the full treasury. Hyperliquid’s architecture is also optimized for sub-second transaction finality, which for high-frequency or reactive trading strategies is the difference between a profitable trade and a missed one.
Hyperliquid’s open interest crossed $10 billion by mid-2026. HIP-3 markets, which allow permissionless deployment of new trading pairs including tokenized assets and pre-IPO exposure products, recorded roughly $3.69 billion in volume during the same mid-2026 period. The platform also points to trillions in cumulative trading volume as evidence that liquidity depth is genuine rather than manufactured.
Senpi launched what it described as personal trading agents for Hyperliquid in February 2026, integrating a suite of 31 tools. Those agents come with persistent memory, meaning they retain context across trading sessions rather than starting from scratch each time.
For traders and investors watching this space, the concentration of open interest above $10 billion on a single venue introduces a specific kind of risk worth tracking. When automated systems cluster on one platform and share similar data inputs, their behavior during stress events can become correlated. A sharp move that triggers liquidations across multiple agent-managed positions simultaneously is not a theoretical scenario.
Agents with access to unified cross-venue exposure data can manage portfolio risk more holistically than traders watching fragmented dashboards. Funding rate arbitrage, delta-neutral hedging, and cross-market basis trades all become more tractable when the data infrastructure supports them cleanly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid plans to open its HIP-4 outcome market infrastructure to permissionless deployments, allowing outside builders to create prediction markets under a validator governed framework, the company announced on its Telegram channel.
The feature will launch first on testnet before expanding to mainnet. HIP-4 outcome markets went live on mainnet in May, but deployments are currently controlled by Hyperliquid validators.
The planned upgrade will shift most market creation to third party deployers while validators retain control over the templates that determine which types of outcomes can be listed.
Deployers will be required to stake 500,000 HYPE. At the current HYPE price of about $62.25, the requirement represents roughly $31.1 million, creating a substantial capital barrier for builders seeking to operate markets.
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The stake will remain locked for six months and may be slashed through a validator vote if a deployer creates poorly defined markets, settles an outcome incorrectly or leaves a market incorrectly unsettled for more than one week.
Builders must settle every outstanding market before withdrawing their stake. The requirement is designed to make deployers financially responsible for the accuracy and clarity of the markets they operate.
Hyperliquid validators will approve standardized outcome templates whose specifications will be stored and enforced onchain. Deployers will then be able to create individual markets based on those templates and will remain responsible for defining their settlement conditions and resolving them correctly.
The structure introduces permissionless market creation without giving deployers complete control over which categories of questions can be offered. Hyperliquid said validator approved templates will be limited to outcomes with sufficient liquidity and public interest and must be clearly defined and unambiguous.
Each deployer will initially receive capacity for 100 outcomes, equal to 200 outcome tokens. Settled outcomes will free their allocation for reuse, while a future auction mechanism will allow builders to expand their capacity.
Deployers will eventually be able to receive as much as 50% of trading fees generated by their markets. Hyperliquid said configurable fee sharing will arrive in a later upgrade. Only assets that meet its AQAv2 aligned quote asset standard will be eligible to serve as collateral.
Validator deployed markets will continue to exist but are expected to become rare. Hyperliquid said the network should ideally create fewer than 10 canonical outcomes each year, leaving third party builders responsible for most of the platform’s future market expansion.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
@HyperliquidX is opening its outcome markets to the crowd. The protocol announced on July 20 that its HIP-4 framework will support permissionless deployment, meaning anyone will be able to offer a prediction market on the platform, subject to approved templates voted on by validators.
Hyperliquid launched HIP-4 in May, bringing prediction markets to its high-performance blockchain, and attracted around $100 million in volume in its first month. Until now, outcome markets on Hyperliquid have only been deployed by validators. The permissionless phase changes that, following the same playbook used for HIP-3, which opened perpetual contract creation to outside builders in October 2025.
How it works To launch a HIP-4 market, developers must stake 500,000 $HYPE, which will remain locked for six months. The stake can be slashed if markets are poorly defined, settled incorrectly, or remain unresolved for more than one week. At roughly $60 per token, that stake amounts to approximately $30 million, a capital threshold that functions less like an open door and more like a velvet rope, accessible to well-capitalised institutions and funds, but effectively closed to most independent developers.
Under the proposed system, validators will vote on standardised outcome templates that define how markets should be structured. Those templates will be stored and enforced onchain, allowing anyone to deploy new markets using approved formats instead of requiring validator approval for every listing. Hyperliquid also plans to let deployers earn up to 50% of trading fees generated by their prediction markets, creating a financial incentive to build new markets on the network.
Once permissionless contracts become available, the validator-controlled markets will continue to exist, but are expected to be rare. Hyperliquid said ideally there will be fewer than 10 of them per year. Permissionless prediction markets will be available first on testnet and later on mainnet.
A crowded market Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Prediction markets recorded their strongest quarter in history in the three months just ended, posting $113.8 billion in notional trading volume for Q2 2026, a 48.7% jump quarter over quarter.
One structural advantage Hyperliquid carries into this space is integration. HIP-4 prediction markets sit inside the same account structure where Hyperliquid traders already run their perpetuals positions. No separate wallet, no bridging funds, no separate collateral. A trader can hold a binary position on the Federal Reserve's next rate decision alongside their ETH perpetual exposure under shared margin, an account integration that neither Polymarket nor Kalshi currently offers.
All specifications described above are preliminary and subject to change based on feedback, the team clarified, adding that users will be informed once the feature goes on the testnet and updates on the documentation are made.
Sources:
CoinDesk: Hyperliquid plans to introduce decentralized prediction markets in HIP-4 upgrade
The Block: Hyperliquid's HIP-4 to support permissionless deployment for outcome markets
Crypto.news: Hyperliquid plans permissionless HIP-4 prediction market deployment
The plan would end validator-gated listings, requiring deployers to lock about $30 million in tokens while letting them keep up to half the trading fees.
Original Image Credits: mundissima / Shutterstock.com
Posted July 20, 2026 at 2:38 pm EST.
Hyperliquid plans to throw open its prediction markets to any developer, ending the validator-gated system that has governed the product since its debut. In a Telegram announcement on Sunday, the decentralized exchange said it would open its HIP-4 “outcome markets” to permissionless deployment in a coming upgrade, arriving on testnet before mainnet.
Today, only Hyperliquid’s validators can list outcome markets. Under the change, developers would be able to spin up their own markets from standardized templates that validators approve and store onchain. “Permissionless deployments are especially important for the growth of outcome markets,” Hyperliquid said, arguing that the “possible universe of tradeable outcomes is vast” and far larger than the set of assets behind conventional perpetuals or spot tokens.
A 500,000 HYPE Ticket The access carries a steep price. Each deployer must stake 500,000 HYPE, worth roughly $30 million at recent prices near $60, locked for six months, and can lose part or all of it by validator vote if a market is poorly defined, settled incorrectly, or left unsettled for more than a week. In return, deployers can keep up to 50% of the fees on the markets they run and will start with room for 100 outcomes each, with an auction to buy more capacity planned as a follow-up.
Validators will still list a handful of “canonical” markets directly, but Hyperliquid said those should be rare, ideally “fewer than 10 outcomes or questions per year.” It cautioned that the terms remain preliminary and could change with community feedback.
Chasing a Booming Sector The push deepens Hyperliquid’s move into a market dominated by Polymarket and Kalshi. The exchange launched HIP-4 on mainnet in May, using its own validators rather than an external oracle to settle bets, and drew about $100 million in trading volume in the first month. Interest in prediction markets has surged this year, with heavy wagering on the FIFA World Cup, drawing platforms like Coinbase and Robinhood into the sector.
Related Listen: What Two DOJ Cases Reveal About the Legal Risks of Prediction Markets: Bits + Bips
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Deployers can set fees of up to 50% but face slashing by validator vote for poorly defined or unsettled markets, under terms Hyperliquid calls preliminary.
Hyperliquid said its HIP-4 upgrade will support permissionless deployment of prediction markets in a future enhancement, allowing anyone to list event contracts on the decentralized exchange, according to a statement the team posted on Telegram on Sunday.
To deploy, builders will be required to stake 500,000 HYPE — about $30 million at the token's current price near $60, per CoinGecko — which validators can slash through a vote if they determine a market was poorly defined or settled incorrectly. Deployers will earn up to 50% of the revenue from trading fees on their markets.
From Validator Control to Open DeploymentHIP-4 introduced "outcome trading" to Hyperliquid and went live on mainnet in May. Prediction markets currently remain under the authority of validators, who approve each listing.
Under the planned change, validators will instead vote on standardized outcome templates that define how markets are structured and enforced on-chain, letting deployers launch new markets using approved formats without per-listing approval. Permissionless markets will roll out first on testnet and later on mainnet.
Validator-controlled markets will continue to exist but are expected to be rare — "ideally" fewer than 10 per year, Hyperliquid said.
Reported details of the spec indicate the staked HYPE will be locked for six months, with deployers required to settle every outstanding market before withdrawing, and each deployer initially receiving capacity for 100 outcomes.
Demand Link to HYPEThe staking requirement ties prediction-market growth to demand for HYPE, removing 500,000 tokens from circulation per deployer against a circulating supply of roughly 253 million. HYPE rose about 1% in the hours after the announcement, lifting from an intraday low of $59.88 to just above $60.50.
The move puts Hyperliquid deeper into a prediction-market sector dominated by Polymarket and Kalshi and increasingly contested by centralized platforms such as Coinbase and Robinhood. Whether independent builders commit eight-figure sums to deploy markets will determine how much the permissionless design is used in practice.
Hyperliquid, a high-performance Layer-1 blockchain and decentralized derivatives exchange, has announced a significant update allowing users to deploy prediction markets by staking 500,000 HYPE tokens, equivalent to approximately $30 million. This change eliminates the need for validator approval, paving the way for more decentralized and accessible event markets. The development is part of Hyperliquid’s HIP-4 framework, which integrates prediction markets into its existing infrastructure, potentially challenging established platforms like Polymarket and Kalshi.
The HYPE token currently trades around $60.47 to $62.08, suggesting a substantial financial commitment for those wishing to create new markets. This move could bolster Hyperliquid’s presence in the prediction market sector, aligning with its strategy to expand its infrastructure and increase user engagement. Market participants appear to interpret this as a positive development, which could influence the token’s future valuation.
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In the context of prediction markets, Hyperliquid’s new approach may impact ongoing market odds. Current predictions suggest a 29% probability that Hyperliquid will reach $100 by December 31, 2026, with other price points showing varying levels of support.
Key Takeaways Hyperliquid appears to facilitate market creation without validator gatekeeping, potentially increasing its market appeal. Market pricing suggests a moderate increase in Hyperliquid’s price prediction odds due to this development. The HYPE token’s current pricing reflects the substantial stake required to create new markets under the HIP-4 framework. What to Watch Observers will be monitoring how this change affects Hyperliquid’s competitive position against Polymarket and Kalshi. Any fluctuations in the HYPE token price could further reflect market sentiment towards this development. Additionally, announcements from Hyperliquid regarding partnerships or technological advancements may indicate potential future movements in prediction market odds.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.2% — — View market → January 1 2027 3.1% — — View market → January 1 2027 51.5% — — View market → January 1 2027 34.1% — — View market → January 1 2027 3.1% — — View market →
Prediction markets are becoming one of crypto’s fastest-growing sectors. Hyperliquid’s latest HIP-4 proposal is moving that trend further by allowing builders to create permissionless outcome markets instead of relying on protocol-managed listings.
The upgrade expands opportunities for developers while increasing competition among prediction market platforms. As interest in trading infrastructure grows, investors are also watching newer projects like MemeToro ($MT), which combines AI-powered market analysis with a broader ecosystem designed around trading, community participation, and token discovery.
Hyperliquid Opens the Door to Permissionless Markets Hyperliquid’s HIP-4 proposal marks an important shift for its prediction market ecosystem.
Earlier versions relied on protocol-managed outcome markets with limited deployment options. Under the planned upgrade, builders will be able to launch their own standardized prediction markets after meeting specific staking requirements.
Deployers will need to lock 500,000 HYPE as collateral before creating markets. That stake can be reduced if markets are judged to be misleading, poorly designed, or settled incorrectly, encouraging builders to maintain clear and reliable market structures.
The proposal also introduces new incentives.
Creators of successful markets can earn up to 50% of the trading fees generated by the markets they deploy, creating a financial reason to build active trading communities.
Validators will continue reviewing standardized templates to maintain consistency across the protocol while allowing far more participation than previous versions.
The upgrade positions Hyperliquid as a stronger competitor in the growing prediction market sector, challenging established platforms by giving developers more freedom to create new markets.
MemeToro Uses AI to Help Traders Discover New Opportunities As more prediction markets and memecoins enter the crypto ecosystem, finding worthwhile opportunities becomes increasingly difficult.
MemeToro is developing an AI-powered discovery engine that helps users identify market narratives before they become widely discussed.
Instead of concentrating only on token creation, the platform continuously analyzes news events, social media conversations, and community activity to detect trends gaining momentum across different blockchain ecosystems.
The AI-generated insights are intended to help users monitor changing sentiment while exploring new projects inside the platform.
By combining market intelligence with community activity, the platform aims to give users more context before participating in new blockchain projects.
How to Buy Presale Crypto $MT Buying in is straightforward, and the same steps apply no matter how you pay. Find the buy button on the official MemeToro ($MT) website to open the presale smart contract, then make sure your wallet is switched to BNB Chain before going further. Choose a supported cryptocurrency or pay directly with a card, then authorize the transaction to complete your purchase.
$MT sticks around after the presale ends. Holders can stake it, tap into trading products down the line, and use it as the go-to settlement asset across MemeToro.
MemeToro ($MT) is currently progressing through Stage 4 of its public presale. The fundraising campaign has already collected $80,178.47, reaching 73.28% of its current target of $109,411.90.
The current purchase price remains $0.00232 per $MT, while the official launch price has been fixed at $0.01875.
Trading Platforms Continue to Expand Beyond Simple Exchanges Hyperliquid’s HIP-4 proposal shows how crypto trading platforms are evolving beyond traditional spot and derivatives markets. Permissionless prediction markets give builders new ways to create trading opportunities while rewarding active participation.
At the same time, platforms like MemeToro ($MT) are expanding the idea of trading by combining AI-driven market discovery with creator tools and community participation.
As blockchain ecosystems become more competitive, investors are increasingly comparing not only individual tokens but also the platforms designed to help users discover, evaluate, and participate in future market opportunities.
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Website: https://memetoro.com/
X: https://x.com/memetoro_mt
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The latest Cardano price prediction shows ADA moving sideways as traders wait to see if it can break past its tight resistance zone. Meanwhile, the Hyperliquid price prediction points to potential gains, but only if the token can successfully push above $76.
Stealing the spotlight from these slow-moving assets, BlockDAG (BDAG) is dominating the list of top crypto gainers as its massive buyback offer enters its final hours. This is the absolute last chance for buyers to secure BDAG coins at just $0.00000033 before the window slams shut permanently. By grabbing coins now, buyers can later sell at the $0.03 buyback price, locking in an incredible 95x ROI potential.
Cardano Price Prediction Points to Tight Resistance Table of Contents
Cardano Price Prediction Points to Tight ResistanceHyperliquid Price Prediction Shows Consolidation PhaseBlockDAG: Final Chance to Grab 95x ROI at Just $0.00000033Final Call The latest Cardano price prediction shows that ADA is moving in a very tight range. The token currently trades around $0.1590 after losing its upward speed beneath major technical barriers. The 20-day exponential moving average near $0.1650 is the biggest hurdle for buyers to clear right now.
If buyers can push past $0.1650 with high volume, the price could climb toward $0.1761 and later target $0.1865. However, failing to protect current support levels could push the price down to $0.1525. A major drawback for the network is its weak derivatives data, with open interest dropping to just $388 million. This shows that leveraged traders are still highly cautious and lack confidence in the coin’s short-term future.
Hyperliquid Price Prediction Shows Consolidation Phase The current Hyperliquid price prediction indicates that HYPE is sitting in a consolidation phase. The token trades around $62.31 as investors wait for a clear market signal. Traders are watching the crucial $73 to $76 resistance zone to see if a breakout can occur.
A successful climb past $73 would signal fresh buying pressure, while passing $76 could start a larger rally. Despite efforts to grow the network infrastructure, the asset faces noticeable drawbacks. The price is still locked in a downward direction because of a cautious crypto market. If the token fails to cross the $76 barrier soon, the boring sideways movement will likely continue, leaving short-term holders trapped in a declining market structure.
BlockDAG: Final Chance to Grab 95x ROI at Just $0.00000033 Every great opportunity reaches a point where waiting is no longer an option, and BlockDAG is now at that stage. The final countdown has begun for BlockDAG’s $0.03 buyback offer, leaving buyers with one last opportunity to benefit from one of the project’s biggest incentives. Those who enter now can still purchase BDAG at just $0.00000033, receive their coins immediately, and remain eligible for the current buyback before this chapter comes to an end. Once the deadline passes, the $0.03 buyback will no longer be available.
What makes this opportunity stand out is the gap between today’s entry price and the current buyback value. Buying BDAG at $0.00000033 and having the ability to sell back at $0.03 creates a potential 95X return, a level that is becoming increasingly difficult to find as projects mature. With the countdown nearly over, many buyers are choosing to secure their position before this limited-time offer disappears for good.
BlockDAG’s momentum is also being driven by continuous development, including ecosystem expansion, stronger community growth, and new platform upgrades that continue attracting attention. Combined with the final buyback window and its low entry price, the project is giving early participants a compelling reason to act now rather than later. For anyone searching for the top crypto gainers today, BlockDAG offers a combination of real utility and huge upside potential that makes it the hottest pick right now.
Final Call While the latest Cardano price prediction points to slow consolidation and the Hyperliquid price prediction relies on a difficult technical breakout, these networks lack immediate momentum. Mainstream tokens are leaving investors waiting for uncertain signals rather than delivering rapid returns.
However, BlockDAG breaks away from this slow pattern by offering a definitive, time-sensitive wealth opportunity, making it a standout pick among today’s top crypto gainers. Its massive buyback offer is entering its final hours, giving buyers one last opportunity to secure BDAG at just $0.00000033 and later sell it at $0.03, locking in a potential 95x ROI.
Ultimate Sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
According to monitoring by Onchain Lens, a Hyperliquid whale carried out new on-chain operations today after earning over $1 million in profits, staking 115,000 HYPE (worth roughly $7.2 million). The address currently holds: 115,000 staked HYPE, 100,000 HYPE in available balance, and $1.1 million in USDC. For today’s trades, the whale closed two short positions: a $3.5 million short on $MU, netting $439,100 in profit; and a $2.42 million short on $SKHX, generating $581,900 in gains. The address still holds a large cumulative asset size, with the market closely monitoring its subsequent trading moves.
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Hyperliquid has announced that its HIP-4 outcome markets will support permissionless deployment in an upcoming upgrade, according to The Block. This development will allow market creators to launch their own markets without prior approval, contingent upon a staking requirement of 1,000,000 HYPE tokens. The move follows the launch of HIP-4 on May 2, 2026, which introduced collateralized binary contracts settling in USDH with zero fees for opening positions. Initially, deployment was limited to canonical markets curated and settled by validators, but the upcoming Phase 2 upgrade will expand this capability to a wider user base. This strategic move is seen as part of Hyperliquid’s efforts to enhance its prediction market infrastructure and compete with established platforms like Polymarket and Kalshi.
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Key Takeaways Hyperliquid’s announcement of permissionless deployment for HIP-4 markets appears to suggest potential for increased market activity. The requirement of staking 1,000,000 HYPE tokens per market slot may indicate a barrier to entry for some creators, but ensures system integrity. Market pricing suggests participants view the development as supportive of Hyperliquid’s price potentially reaching higher targets by the end of 2026. What to Watch Observers should monitor developments around the Phase 2 upgrade’s implementation, as successful execution could further bolster Hyperliquid’s competitive positioning. The market’s reaction to this upgrade, alongside any potential strategic partnerships or increased volumes, will be key indicators of Hyperliquid’s future valuation trajectory. Additionally, watch for any regulatory responses or security concerns that may arise, as these could significantly impact market sentiment and pricing.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.1% — — View market → January 1 2027 3.5% — — View market → January 1 2027 51.5% — — View market → January 1 2027 9.8% — — View market → January 1 2027 4% — — View market →
Hyperliquid (@HyperliquidX) has unveiled HIP-4, a proposal to bring permissionless Outcome Markets to the protocol in a future network upgrade. The feature is set to launch on testnet first before any mainnet deployment.
How the Market Structure Works Under the proposal, anyone wishing to deploy a market must stake 500,000 $HYPE tokens. Slashing penalties apply for unclear market definitions or incorrect settlement, creating a financial incentive for deployers to maintain quality standards. Builders can deploy permissionless markets by staking HYPE, with slashable stakes burned if rules are violated. Validators will approve standardized templates, and deployers can earn up to a 50% share of trading fees generated by their markets.
HIP-4 introduces binary outcome contracts that settle to 0 or 1, allowing traders to speculate on events such as CPI releases or Bitcoin price levels without leverage or liquidations. Positions are fully collateralized in USDH, Hyperliquid's native stablecoin, and carry no liquidation risk. Unlike standalone prediction platforms, HIP-4 contracts operate inside the same account and execution engine as Hyperliquid's spot and perpetual futures markets, with YES and NO orders combined into a single shared order book.
A Strategic Bet on Prediction Markets Hyperliquid argues that prediction markets offer far more tradable events than spot or perpetual markets, making them a key long-term growth opportunity. The development was initiated in response to what the team described as "extensive user demand" for both prediction markets and options-style derivatives.
Traditional financial markets are largely dominated by products with non-linear payoffs, including options, CDS, and structured products. A huge portion of this market surface has so far been absent or barely represented in on-chain finance. HIP-4 is Hyperliquid's attempt to close that gap.
The rollout follows a phased approach. Phase 1 covers the testnet launch, Phase 2 brings mainnet deployment with a limited set of curated markets settled using objective data sources, and Phase 3 would open the infrastructure to permissionless deployment depending on the success of earlier phases.
Outcome markets require reliable settlement mechanisms, and the transition to permissionless deployment introduces questions about market quality and potential manipulation in thinly traded contracts. Builder curation in Phase 1 mitigates this, but Phase 2 will test the protocol's governance and oracle infrastructure.
Sources:
CoinDesk: Hyperliquid HIP-4 proposal adds outcome-based trading
OAK Research: What is HIP-4 and how do Hyperliquid outcome markets work?
Bitcoin.com News: Hyperliquid launches HIP-4 with zero-fee outcome markets
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Summary
Hyperliquid plans to introduce permissionless deployment for HIP 4 outcome markets, starting on testnet before a mainnet rollout. Market deployers will need to stake 500,000 HYPE and can face slashing for incorrect or delayed market settlements. The proposal follows HIP 4’s launch in May, with prediction markets generating about $100 million in trading volume during the first month. Hyperliquid said in a Sunday Telegram announcement that the upgrade is intended to support the expansion of outcome markets, where the number of possible tradeable events is too large for validators alone to manage.
Under the proposed system, validators will vote on standardized outcome templates that define how markets should be structured. Those templates will be stored and enforced onchain, allowing anyone to deploy new markets using approved formats instead of requiring validator approval for every listing.
Once a template is approved, deployers will create individual markets and will be responsible for defining and settling them according to the template’s rules. Hyperliquid said validator-created “canonical markets” will continue to exist but are expected to remain rare, with fewer than 10 such outcomes or questions deployed each year through validator votes.
Deployers face staking and settlement requirements To participate, HIP-4 deployers will need to stake 500,000 HYPE. Hyperliquid said validators can partially or fully slash that stake if markets are poorly defined, are settled incorrectly, or remain unresolved for more than one week.
Similar to the network’s HIP-3 framework, the stake will remain locked for six months, and deployers must settle every outstanding market before they can withdraw it.
Each deployer will initially receive capacity for 100 outcomes, equivalent to 200 outcome tokens. Multi-outcome markets will use more of that allocation, while settled markets will release capacity for future deployments. Hyperliquid also said it plans to introduce an auction system that will allow deployers to increase their allocation.
Market creators will be allowed to charge fees of up to 50% on their own markets. Hyperliquid noted that the proposal remains preliminary and could change after community feedback.
The latest proposal builds on Hyperliquid’s rollout of HIP-4 in May, when the network introduced prediction markets to its high-performance blockchain. According to Hyperliquid, the feature generated roughly $100 million in trading volume during its first month.
The update comes as Hyperliquid continues to gain attention across both decentralized and traditional finance. Earlier this month, Bitwise added HYPE to its Bitwise 10 Crypto Index ETF (BITW) with an allocation of about 0.95%, placing the token alongside the largest crypto assets in a diversified index fund.
The inclusion followed Hyperliquid’s reported $1.34 trillion in trading volume and $320 million in revenue during the first half of 2026, according to Bitwise’s latest index update and previous reporting.
Hyperliquid has officially announced permissionless deployment for its HIP-4 outcome markets in a future upgrade. This will allow anyone to launch prediction markets using validator-approved templates, offering 50% fee revenue to deployers.
Hyperliquid Unveils Permissionless Deployment in Upgrade for HIP-4 Prediction Markets Hyperliquid will roll out permissionless deployment support for HIP-4 prediction markets in a future upgrade. This will launch first on testnet and then on mainnet.
“The technology for outcome markets required sufficient battle testing in a validator-deployed setting before scaling to permissionless deployment,” Hyperliquid added.
To maintain quality and curb spam, deployers will rely on validator-approved prediction market templates. Prediction market deployers are required to stake 500k HYPE tokens that can be slashed only via validator votes in case of bad settlements and poorly defined markets.
Other requirements include a 6-month stake-locking period and settling all markets to unstake. Deployers can earn up to 50% of trading fees from prediction markets, with no restrictions on launching identical markets to boost competition.
Permissionless deployment is important for the growth of outcome markets. The number of prediction market events even exceeds the underlying assets for perps and spot tokenization.
Hyperliquid has also announced follow-up features as HIP-4 prediction markets grew. These include fee configurability and an auction mechanism.
Will HYPE Repeat Historical Rally? HYPE rallied almost 100% after Hyperliquid launched HIP-4 in May this year. It was a joint collaborative effort that included the Kalshi prediction market, allowing users to trade non-linear, fixed-range contracts and bounded options without leverage or liquidation risk.
HYPE price continued to trade range-bound near $60, with a 24-hour low and high of $59.89 and $61.56, respectively. Trading volume also remained lower at 2% in the last 24 hours.
As CoinGape reported earlier, Hyperliquid price tumbled 12% as a16z-linked wallet started selling HYPE holdings. Despite this, Hyperliquid has captured a record 9.5% of aggregate perpetual futures open interest compared with centralized exchanges.
CoinGlass data showed mixed sentiment in the derivatives market. The total HYPE futures open interest dropped more than 2% to $1.36 billion in the last 24 hours. However, futures OI on Hyperliquid, Binance, and Bybit climbed in the last few hours.
For investors seeking to capitalize on this growing sector, exploring the top-rated crypto prediction markets can help identify platforms with the deepest liquidity and lowest fee structures.
Despite the announcement, HYPE's price showed little immediate reaction, suggesting traders remain focused on broader market conditions.
Hyperliquid announced on July 20 that its upcoming HIP-4 network upgrade will allow permissionless deployment of prediction markets.
The feature, which will launch on testnet before hitting the mainnet, will expand who can create outcome markets while introducing validator-approved templates and a staking system meant to keep those markets clearly defined and properly settled.
How HIP-4 Deployment Will Work Outcome markets on Hyperliquid have so far only been deployed by validators, but the protocol is looking to change that. According to a post on Hyperliquid’s Telegram channel, validators will vote on standardized outcome templates that anyone meeting the HIP-4 requirements could then use to launch markets.
Those templates will be stored and enforced on-chain, with Hyperliquid saying that they are intended to cover events with sufficient liquidity and user interest while being unambiguous. The responsibility for defining and settling individual markets will lie with deployers according to the chosen template, and multiple deployers could even launch identical markets if they so wish.
Canonical markets created by validators will still exist, but they are expected to become less common, with Hyperliquid suggesting that ideally each year they should account for less than 10 outcome markets. Furthermore, the proposal also introduced financial incentives and penalties, including a 500,000 HYPE stake for anyone looking to become a HIP-4 deployer.
That stake will be locked for six months, and validators can slash it if markets are poorly defined or settled incorrectly under the template. Leaving a market unsettled for more than one week will also see a deployer’s stake slashed, and they are required to settle all their markets before unstaking.
Per Hyperliquid’s post, at first, each deployer will get capacity for 100 outcomes, or 200 outcome tokens, with more allocation planned through a future auction mechanism. The protocol also pointed out that eventually, deployers will be able to set fee sharing of up to 50% on their markets, although configurable fees will be included in another update in the future. Importantly, under HIP-4, only AQAv2 quote tokens will be supported.
You may also like: Sports Events Push Prediction Market Trading to Record Highs in June Best Prediction Markets in 2026: The Complete Guide Forget Bitcoin Bottom: Analyst Says These Altcoins Could Move First “All specifications described above are preliminary and subject to change based on feedback,” the team clarified, adding that users will be informed once the feature goes on the testnet and updates on the documentation are made.
HYPE Not Moved Even with the announcement, Hyperliquid’s native HYPE token stayed in the red. At the time of writing, it was trading near $60, down about 1% in 24 hours and nearly 10% in the last seven days. CoinGecko data shows it’s the same case across longer timeframes, with HYPE shaving almost 16% from its price across two weeks and nearly 13% in the past 30 days.
However, year-on-year, the asset has managed to stay in the green, being close to 34% higher than where it was 12 months ago, even though recent struggles have pulled it more than 21% below the $76.87 all-time high it hit about a month ago.
Hyperliquid’s push into permissionless outcome markets is coming on the back of a recent CoinGecko report showing that notional volume across prediction platforms hit a record $50.7 billion in June thanks to a calendar of sports events including the UEFA Champions League final, the NBA Finals, and Wimbledon. This helped push numbers for Q2 2026 to $113.8 billion, which is a 48.7% jump quarter over quarter.
Prediction markets just got a new competitor, and it’s one that already knows how to handle serious trading volume. Hyperliquid launched HIP-4 on its mainnet on May 2, 2026, introducing binary outcome contracts to a platform that has spent the past year quietly becoming one of crypto’s most important derivatives venues.
The upgrade is a bigger deal than a routine protocol patch. HIP-4 lets anyone create a market on a real-world event outcome, fully permissionless, without needing Hyperliquid’s approval. That’s the same philosophy that made HIP-3’s permissionless perpetual trading such a hit, applied now to the prediction market vertical that Polymarket and Kalshi have largely owned.
What HIP-4 actually does Binary outcome markets settle to either 0 or 1. In English: you’re trading on whether something happens or doesn’t, and when the event resolves, every contract pays out accordingly.
These contracts are fully collateralized, meaning the money to cover every possible outcome is locked in from the start.
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Everything runs through HyperCore, Hyperliquid’s unified trading engine. The practical implication is that a trader can hold spot positions, perpetual contracts, and outcome markets all within the same account, against the same collateral pool.
Settlements use USDH, Hyperliquid’s stablecoin equivalent, keeping everything denominated in a familiar unit. The first markets out of the gate are daily Bitcoin mark-price binaries, settling each day at 06:00 UTC.
Creating a market requires staking 1 million HYPE tokens. That’s a meaningful barrier, but it’s an intentional one. Prediction markets without quality control tend to fill up with low-effort or manipulable markets, and Hyperliquid is clearly trying to avoid the spam problem that has plagued other open platforms.
Why this threatens the incumbents Polymarket and Kalshi have dominated event trading for different reasons. Polymarket built its brand on crypto-native audiences and a broad event catalog. Kalshi fought a years-long regulatory battle to operate legally in the United States as a designated contract market, giving it credibility with institutional participants.
Neither platform offers what Hyperliquid now does: a single account structure that combines prediction markets with perpetuals and spot trading, all on a high-performance order book with low fees.
Analysts at Galaxy Digital have described HIP-4 as a potential game-changer for event trading, pointing specifically to the integrated collateral model and the platform’s existing derivatives infrastructure as structural advantages over standalone prediction market platforms.
What this means for traders and the broader market The immediate opportunity is straightforward: traders who already use Hyperliquid for perpetuals now have a new instrument class without needing to onboard anywhere new.
The longer-term opportunity is about catalog expansion. Bitcoin price binaries are the logical first market because the data feed is clean, the audience is ready, and the settlement logic is unambiguous. The permissionless creation model means anyone with 1 million HYPE tokens can list a market on virtually any real-world event with a binary outcome.
For investors watching HYPE, the token’s role as a staking requirement for market creation adds a new demand vector. Every new market that launches requires 1 million HYPE locked as collateral, representing real incremental demand for the token beyond its existing utility as a fee and governance asset.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Points Hyperliquid is preparing to introduce permissionless creation of HIP-4 outcome markets through an upcoming upgrade, beginning with testnet trials Standardized outcome templates will undergo validator voting and be maintained onchain Market creators must lock 500,000 HYPE tokens for a six-month period Market deployers receive a starting capacity of 100 outcomes (equivalent to 200 outcome tokens) Fee structures up to 50% can be configured by market creators Hyperliquid has revealed intentions to implement permissionless deployment capabilities for its HIP-4 outcome markets through an upcoming protocol upgrade. The rollout strategy prioritizes testnet deployment ahead of mainnet activation.
Hyperliquid’s HIP-4 Outcome Markets to Support Permissionless Deployment with 500k HYPE Stake
Hyperliquid said HIP-4 Outcome Markets will first launch on testnet in a future upgrade and eventually support permissionless deployment. Deployers must stake 500k HYPE and may be… pic.twitter.com/Jlzg6sHaTN
— Wu Blockchain (@WuBlockchain) July 20, 2026
The disclosure came through Telegram on Sunday. According to Hyperliquid, the infrastructure requires extensive validation testing before public permissionless access becomes available.
Outcome markets provide exposure to a significantly broader spectrum of tradable events compared to traditional spot trading or perpetual futures contracts. Hyperliquid emphasized that permissionless deployment represents a critical component for expanding this functionality.
Understanding the Template Framework To ensure market parameters remain transparent and standardized, validators will conduct votes on authorized outcome market templates. These approved templates will be recorded and executed onchain.
After template approval, any qualified deployer can leverage it to establish their markets. The system permits multiple deployers to utilize identical templates for market creation.
Market creators bear responsibility for defining and resolving each market according to template specifications. While validators retain the ability to directly deploy canonical markets, Hyperliquid anticipates this will occur infrequently — likely under 10 instances annually.
Stake Requirements and Penalty Mechanisms Prospective HIP-4 market deployers face a mandatory requirement to stake 500,000 HYPE tokens. Validators possess authority to slash this stake partially or completely if markets suffer from inadequate definitions, incorrect settlements, or failure to settle within seven days following outcome determination.
The staked amount remains locked for a six-month duration. Additionally, deployers cannot initiate unstaking procedures until all active markets under their control have been settled.
Each deployer receives an initial capacity allocation supporting 100 outcomes, corresponding to 200 outcome tokens. Complex multi-outcome scenarios consume additional allocation slots, though resolved outcomes release capacity for subsequent use.
Future development includes an auction system designed to enable allocation expansion beyond initial limits.
Market creators will have authorization to establish fee rates reaching up to 50% on their deployed markets. Enhanced fee configuration capabilities are scheduled for integration in subsequent protocol versions.
Hyperliquid introduced HIP-4 during May of this year. The prediction market functionality generated approximately $100 million in trading activity throughout its inaugural month.
The current proposal contains preliminary specifications subject to modification. Hyperliquid indicated that community input may influence final design decisions, with additional details forthcoming following testnet deployment.
Hyperliquid is bringing permissionless prediction markets to its network. Under the upcoming HIP-4 upgrade, anyone can launch markets by staking 500,000 HYPE, creating new opportunities for developers.
Meanwhile, this will potentially increase demand for the Hype token, as it is now trading around $60.6.
Hyperliquid Opens Prediction Markets to EveryoneIn a recent telegram post, Hyperliquid has announced that its upcoming HIP-4 Outcome Markets will support permissionless deployment, allowing anyone to launch prediction markets without needing approval from the protocol.
The feature will first go live on the testnet before moving to the mainnet.
According to Hyperliquid, permissionless deployment is important because the number of real world events suitable for prediction markets is far larger than the number of assets available for spot or perpetual trading.
To maintain quality, validators will first approve standardized market templates. Developers can then use these templates to launch their own prediction markets without waiting for validator approval every time.
Developers Must Stake 500K HYPE to Launch MarketsTo launch a HIP-4 market, developers must stake 500,000 HYPE, which will remain locked for six months.
The stake can be slashed if markets are poorly defined, settled incorrectly, or remain unresolved for more than one week. Developers must also settle all active markets before they can withdraw their stake.
Initially, every deployer can create up to 100 outcomes (200 outcome tokens), with future upgrades expected to increase this limit through an auction system.
Hyperliquid also plans to let deployers earn up to 50% of trading fees generated by their prediction markets, creating a financial incentive to build new markets on the network.
The protocol added that only AQAv2 quote tokens will be supported at launch, while some features, including fee customization, will be introduced in later upgrades.
How This New Protocol Will Impact HYPE PriceThe upgrade will affect HYPE’s market supply and, indirectly, will push the hype token price. Since every deployer must lock 500,000 HYPE, more tokens could gradually move out of circulation as new prediction markets launch.
The announcement also comes after Hyperliquid crossed $1 billion in protocol revenue, with 97% to 99% of protocol fees automatically used to buy back HYPE through its Assistance Fund.
Technically, HYPE is currently forming an M pattern on the daily chart. Coinpedia’s analysts say a drop below $58.37 could send the token toward $53, while a breakout higher could open the door for a rally toward $73.35.
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Hyperliquid said a forthcoming enhancement to its recent HIP-4 upgrade will support permissionless deployment of prediction markets.Prediction markets are currently under the authority of validators. The feature means anyone will be able to offer a prediction market on the platform, subject to approved templates voted on by validators.Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment of the contracts in a future enhancement.
Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of validators.
Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Users take positions on events from central bank interest-rate decisions to who performs at the Super Bowl halftime show.
The growing popularity of the platforms — the FIFA World Cup, which wrapped up Sunday with Spain winning its third title, drew more than $50 billion in bets — has attracted centralized trading platforms like Coinbase and Robinhood into the sector to offer customers a one-stop shop for predictions markets alongside more conventional financial trading.
HIP-4 went live on the mainnet in May. Once permissionless contracts become available, the validator-controlled markets will continue to exist, but are expected to be rare. Hyperliquid said “ideally,” there will be fewer than 10 of them per year.
Permissionless prediction markets will be available first on testnet and later on mainnet, Hyperliquid said.
Deployers will be required to stake 500,000 HYPE tokens that can be then slashed if a validator vote determines the prediction market to be poorly defined or settled incorrectly. Deployers will earn up to 50% of the revenue from trading fees, Hyperliquid added.
Hyperliquid’s native HYPE token rose 1% in the hours following the announcement, lifting from an intraday low of $59.88 to just over $60.50. It was trading recently at $60.79.
Hyperliquid, a decentralized Layer-1 blockchain and perpetuals DEX, is planning to enhance its HIP-4 upgrade by incorporating decentralized prediction markets, according to a report by CoinDesk. The upgrade, previously activated on mainnet in May 2026, introduced native outcome contracts that function as fully collateralized binary prediction markets. These markets settle based on real-world events and initially included curated one-day binary markets on Bitcoin (BTC) and Hyperliquid’s native token, HYPE. This development marks Hyperliquid’s strategic expansion beyond perpetual futures, placing it to compete directly with platforms like Polymarket and Kalshi.
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The addition of decentralized prediction markets is expected to bolster Hyperliquid’s utility and attract a broader user base. This aligns with the project’s ongoing efforts to leverage its existing infrastructure, which includes an order book, cross-margin account, and USDH/USDC settlement. Market participants appear to view these developments as potentially increasing Hyperliquid’s market position, as evidenced by the current odds in relevant prediction markets.
Key Takeaways Hyperliquid’s plan to integrate decentralized prediction markets in its HIP-4 upgrade suggests a significant enhancement of the platform’s offerings. The introduction of outcome contracts and validator-governed offchain markets indicates a strategic move to compete with established prediction platforms. Current market odds and participant behavior suggest a moderate increase in Hyperliquid’s perceived value and potential future price. What to Watch Observers should monitor for further announcements regarding the implementation of decentralized prediction markets and any partnerships that may arise. The market’s response to these developments could provide insights into Hyperliquid’s ability to capture a larger share of the derivatives platform market. Additionally, any reports on Hyperliquid’s volume or user engagement could impact market perceptions and pricing, providing a clearer picture of the platform’s growth trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.1% — — View market → January 1 2027 3.5% — — View market → January 1 2027 51% — — View market → January 1 2027 9.8% — — View market → January 1 2027 3% — — View market →
Prediction markets on decentralized rails have struggled with quality control and spam since day one. Hyperliquid’s latest proposal—HIP 4—tackles that directly by introducing a permissionless deployment framework that forces market creators to put capital at risk. According to the original report, outcome markets will first launch on testnet and later support anyone deploying an event market, provided they lock up 500,000 HYPE tokens. That stake is the gateway, and it can be slashed if a deployer publishes a market with vague definitions or bungles the settlement.
Validators will greenlight a set of standardized templates, creating a controlled environment where deployers still enjoy meaningful upside. A market creator can capture up to a 50% fee share, turning the economics into a direct incentive to launch socially relevant, well-structured markets. The proposal draws a clear line between permissionless access and permissionless chaos.
How HIP-4 Changes the Game for Deployers The 500,000 HYPE stake, worth a substantial dollar amount, acts as a serious economic bond. It weeds out low-effort actors while rewarding serious teams willing to steward their markets. Slashing conditions cover two specific risks: unclear market definitions that confuse participants, and incorrect settlement that undermines trust. Both have dogged decentralized prediction platforms like Augur in earlier cycles, where ambiguous outcomes led to disputes and drained user confidence.
Validators do not vet every market individually. Instead, they approve standard templates that define core parameters—binary outcomes, categorical results, time-bound events—and deployers pick from those pre-approved structures. This split keeps the system scalable. Standardization also makes it easier for Hyperliquid’s existing perpetuals and spot traders to assess new markets without learning custom rules for every contract.
The fee share model is aggressive but realistic. A 50/50 split between deployer and protocol means the platform still collects significant revenue, but successful market creators can build sustainable businesses on top of Hyperliquid. That aligns incentives in a way simple listing bounties never could.
Prediction Markets as a Growth Funnel Hyperliquid’s team noted that the number of tradable events in prediction markets outnumbers what spot and perpetual markets offer by orders of magnitude. That observation is not new—Polymarket’s explosive growth showed how political events, sports outcomes, and data releases can draw massive liquidity—but Hyperliquid’s move imports that reality onto a layer-1 built for high-throughput trading. The DEX already handles billions in perpetual volume, so adding outcome markets could pull in users who want a single venue for directional bets on everything from Fed decisions to hackathon winners.
Long-term, this positions Hyperliquid less as a meme-coin derivative platform and more as a general-purpose event-trading hub. Just as prediction markets are heating up, the broader DeFi ecosystem is expanding into new asset classes, a trend visible across a recent tokenization roundup. Hyperliquid’s move sits at the intersection of that market-structure shift and the user demand for high-frequency event contracts.
Developer activity across competing chains has also become a leading indicator of where trading volume migrates next, as tracked in weekly activity reports. If HIP-4 attracts a cohort of third-party deployers building specialized outcome markets, Hyperliquid’s developer traction could accelerate beyond its core perpetuals team. That is a bet the protocol seems willing to make.
What Remains Uncertain The most obvious friction is regulatory. Decentralized prediction markets have drawn scrutiny from the CFTC and other global watchdogs, especially when they touch on elections or sensitive binary events. Hyperliquid’s model puts the compliance burden on deployers, but validators may still face questions about which templates they endorse. The ongoing fight over major crypto legislation in Washington, where banks are attempting to stall a landmark bill, underscores how quickly the policy ground can shift for any permissionless market structure.
Slashing enforcement leaves room for ambiguity. A malicious deployer could still drain trust before the penalty mechanism fires, and the community must decide whether on-chain slashing, governed largely by validator discretion, will deter bad actors faster than the market can price in damage. The testnet phase will tell how fast slashing events actually resolve.
Another open question is demand from market makers. Without tight bid-ask spreads, outcome markets become speculative ghost towns. Hyperliquid’s existing liquidity base may help, but event markets require different inventory management than perpetuals. If major trading desks treat HIP-4 markets as a side experiment, volume could stay thin.
For now, the proposal shifts Hyperliquid’s narrative. It moves the platform from a single-product DEX to an infrastructure layer for event-based capital allocation. Whether that translates into sustained usage will depend on how quickly the first cohort of deployers ships markets that people actually want to trade—and whether the slashing mechanism proves credible enough to keep the bad ones out.
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