Video | Trump’s bullish comments ignite $2.7B, Wall Street challenger Hyperliquid could be among the first to cash in on the initial wave of gains
Last night, Trump met at the White House with several key executives from the crypto industry, making it clear that the United States has “completely ended its war on the crypto industry,” and emphasizing that the U.S. must maintain global leadership in emerging technologies such as Bitcoin, cryptocurrencies, and AI. As soon as the good news broke, market sentiment quickly flipped, and shorts were liquidated en masse. Over the past 24 hours, liquidations across the entire market nearly reached $3 billion, with more than $2.7 billion from short positions—surpassing even the short liquidation scale of the “1011” event. Even more noteworthy is that this is the first time he publicly named Hyperliquid, saying that the CFTC is pushing for it to enter the U.S. market in a compliant way. If Hyperliquid ultimately gains access to the U.S. market, it could become an important regulatory precedent—meaning the U.S.’s stance toward the crypto industry is shifting from crackdown and restriction to actively embracing the next generation of financial infrastructure. And Hyperliquid will very likely be one of the crypto-native projects that sees the earliest benefits from this policy shift.
Last night, Trump met at the White House with several key executives from the crypto industry, making it clear that the United States has “completely ended its war on the crypto industry,” and emphasizing that the U.S. must maintain global leadership in emerging technologies such as Bitcoin, cryptocurrencies, and AI. As soon as the good news broke, market sentiment quickly flipped, and shorts were liquidated en masse. Over the past 24 hours, liquidations across the entire market nearly reached $3 billion, with more than $2.7 billion from short positions—surpassing even the short liquidation scale of the “1011” event. Even more noteworthy is that this is the first time he publicly named Hyperliquid, saying that the CFTC is pushing for it to enter the U.S. market in a compliant way. If Hyperliquid ultimately gains access to the U.S. market, it could become an important regulatory precedent—meaning the U.S.’s stance toward the crypto industry is shifting from crackdown and restriction to actively embracing the next generation of financial infrastructure. And Hyperliquid will very likely be one of the crypto-native projects that sees the earliest benefits from this policy shift.