Morning Minute: Hyperliquid Is Coming to the US

GM!

Today’s top news:

• Crypto majors are up 10-20% after Trump’s crypto meeting; BTC at $72k, ETH at $2,300
• Trump says CFTC is working to bring Hyperliquid to US; HYPE and LIT jump 20%+
• Over $3 billion in shorts liquidated in past 24 hours, most since tracking began
• BTC ETFs see $517M in net inflows (most since May), now over $1 billion for week; ETH had $187M
• Coinbase added Hyperliquid perps to the Base app, launched new $1 million accelerator

🏛️ Trump Says the CFTC Is Working to Bring Hyperliquid Onshore

Trump dropped an absolute bullish bombshell yesterday for crypto and perps.

Sitting in the White House with the heads of Coinbase, Ripple, Robinhood, Nasdaq, and ICE, President Trump said his CFTC chair is working to bring Hyperliquid into the United States.

“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump said, referring to CFTC Chair Michael Selig. “Working very hard on that. We would really like to see it.”

And the market exploded. HYPE jumped 23% to $72 at peak. Another perps leader in LIT popped 20% as well to a new local high. The broader crypto market legged up as well (albeit perhaps for other reasons as well, like Bessent’s yield curve control actions). BTC hit $72k, ETH put up a 20% candle to $2,300+ and SOL hit $87. Coinbase (+17%), Circle (+17%) and Robinhood stock (+10%) all soared as well.