Very strong commentary on Hyperliquid from the CEO of ICE, calling it "bigger than Nasdaq" with 11 people and that institutional clients are watching price action on weekends
Notably, HYPE +10% overnight and back over $62

ICE's Jeff Sprecher (founder of @NYSE) on Hyperliquid
'It's bigger than NASDAQ. It's 11 people. You look at it, you're like, wow, that's pretty something.'"
On the founders:
"The people that have built that exchange are extremely smart... I salute these guys for doing it. I  x.com/fintechfrank/s…

kirbycrypto

Twitter

Original author: ChandlerZ, Foresight News
On the evening of May 28, the SPACEEX-USDH perpetual contract on Hyperliquid experienced a sharp flash crash, with the price falling from a low of $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, before rebounding to around $2,169.
This crash resulted in the liquidation of 405 users and 1,393 positions, with a total liquidation amount of $1.51 million.
Data shows that the total trading volume of this contract in the past 24 hours...

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