HYPE has reclaimed the $20 zone, surging 105% this month and reigniting bullish momentum with strong daily gains of 5.39%.
Recent technicals show a well-formed ascending triangle pattern, with resistance at $26–28 and a breakout target around $33–35.
On-chain volume has rebounded with a sharp rise to $5.27B on May 6, reflecting renewed trader participation and liquidity inflow.
Heavy long liquidation zones around $50K–$82K and short squeeze risk building above $103K, hinting at possible volatility spikes.
With the current momentum and pattern strength, HYPE looks positioned to retest its ATH of $35 within the next 4–6 weeks if resistance flips support.
Hyperliquid (HYPE) has made a strong resurgence with 105% jump in value in one month, back above the critical $20 mark. HYPE is now priced at $21.18 (+5.39% daily) at a market cap of $7.07B and 24h volume of $127.66M (+47.19%). The coin reached an all-time high (ATH) of $35.02 on Dec 21, 2024 (~40% off ATH), and several traders are hoping for a portfolio full reversal.
HYPE’s momentum is attributed to the following catalysts:
HYPE’s New Fee & Staking System Announcement (launched May 5):
Hyperliquid introduced a fee and staking system on May 5. Users can now stake their HYPE coins to receive a trading fee discount of between 5% and 40%, depending on the amount staked.
The fee discount uses different rates for futures and spots; spot volume counts as double for fee tier calculations. And a big upgrade comes from linking staking and trading accounts, so the discounts apply to any trading account and will incentivise all traders to engage and provide liquidity to the platform.
Ethena’s USDe Stablecoin After Launch:
Ethena Labs has integrated its USDe stablecoin into Hyperliquid’s DEX, and integrated USDe with its HyperEVM blockchain. Users who hold 100+ USDe on HyperCore are now eligible to earn daily rewards for holding USDe in their accounts that automatically air-drop to their spot accounts!
This integration allows for better liquidity as it builds asset use cases for USDe, and increases interest from investors in the entire Hyperliquid crypto ecosystem.
Bullish Setup: HYPE/USD Forms Ascending Triangle with $33–$35 Target in Sight
HYPE Coin recently completed a strong V-shaped recovery and is now forming an ascending triangle—a bullish chart pattern that often leads to breakouts. The main support zone sits at $17.5–18.0, which has held well during past dips. The key resistance zone is $26–28, and this is the level to watch for a breakout.
A Fibonacci retracement drawn from the previous high ($35) to the recent low ($10) shows that $26–28 also lines up with the important 0.618–0.786 Fib levels—making it a critical barrier where many traders expect a reaction.
The chart also shows a neckline breakout, a positive sign that buyers are in control. The 20/50 EMA lines have crossed upward, confirming a bullish setup, and the RSI is around 66, which shows good momentum but not overbought yet. The MACD also supports the bullish trend.
If HYPE can close above $26–28 with strong volume, the next target is around $33–35, its previous all-time high. Based on the current pace, this move could happen in the next 4–6 weeks.
Liquidity & Liquidations: How On-Chain Data Confirms HYPE’s Breakout Potential
Volume Surge: Confidence Rebuilding
HYPE’s on-chain volume tells the story of a market regaining strength. After its big run earlier this year, volume cooled to around $2.39B by April 5, showing a pause in trader interest and liquidity as price corrected.
But by May 6, daily volume jumped back to $5.27B—marking a strong resurgence of participation. This confirms that the current uptrend is supported by real buying power, not just a weak technical bounce.
Liquidation Heatmap: Historical & Current Pressure Zones
The liquidation map shows how traders have been positioned. During past corrections, especially after its all-time high, HYPE saw heavy long liquidations between $50K–$82K BTC equivalent, with a peak of 886 BTC liquidated at $82K.
These events reveal where bulls were forced out, marking danger zones in bearish scenarios. Now, the tables are turning: shorts are heavily stacked between $103K–$142K, with recent spikes (e.g., 722 BTC at $103K) showing that many are betting against further upside.
If HYPE Coin clears the $26–28 resistance, these shorts could get squeezed fast—likely triggering a surge toward the $33–35 ATH area.
The state of security across the crypto and blockchain space has changed significantly in the past few months. Traditional smart contracts exploited or brute force attacks on blockchain networks are being superseded by crypto scams like rug pulls and pump-and-dump schemes.
BeInCrypto spoke with a spokesperson from security firm CertiK to understand how blockchain and security threats are evolving and how projects and users can safeguard against future exploits.
Social Media Hacks on the Rise
Over the past few months, the crypto community has seen a rise in social media-related hacks. This increasingly common tendency has pivoted away from the orchestration of more sophisticated blockchain attacks that have traditionally plagued headlines.
Whereas smart contract exploits or blockchain hacks require more knowledge, hackers have found an easier avenue by targeting social media accounts instead.
X (formerly Twitter) has quickly become the social media platform of choice among Web3 hackers.
Social Media is Now a Prime Target for Web3 Hackers
After US President Donald Trump launched his meme coin only two days before assuming office, hackers began to take advantage of the hype to hack high-profile X accounts and convince followers to invest in scam meme coins.
Last month, anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote MALAYSIA, a fake meme coin promoted as the country’s official cryptocurrency.
The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Russian Evil Corp and that they stole $1.7 million in this rug pull.
The MALAYSIA token scam happened only two weeks after hackers exploited former Brazilian President Jair Bolsonaro’s social media account. In that instance, scammers promoted the BRAZIL token, which rose over 10,000% in minutes, netting the scammers over $1.3 million.
These scams have also affected technological companies.
Attacks on Tech Companies
In December, AI research and development company Anthropic also saw its X account hacked. A fraudulent post claimed that a fake token called CLAUDE would incentivize AI and crypto projects and included a wallet address for investors.
Attackers managed to collect around $100,000 from speculative investors.
These situations also highlight a broader issue of weak account security on social media platforms. As a result, even prominent individuals are susceptible to security breaches that directly affect the crypto community.
TRUMP Meme Coin Launch Was a Catalyst For Crypto Scams
“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Buterin claimed.
Buterin highlighted the tokens’ role in enabling scams and political corruption in crypto and blamed a regulatory loophole former SEC Chair Gary Gensler created for allowing bad actors to exploit governance tokens.
However, these crypto scams extend beyond political themes.
Growth of Social Engineering Exploits
A week after Buterin cautioned against political meme coins, a Coinbase user lost $11.5 million after falling victim to a social engineering scam on Base.
Crypto sleuth ZackXBT uncovered the exploit, pointing out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He also estimates that crypto scams of this nature have drained at least $150 million from Coinbase customers.
“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.
In social engineering scams, attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.
For CertiK, these situations stipulate the need for stronger security measures.
Addressing these security challenges is crucial as new crypto projects increase exponentially.
Prioritizing Proactive Security in a Rapidly Growing Industry
The Web3 sector is experiencing consistent growth, marked by a surge in new crypto project launches. This innovative momentum is expected to continue, but it’s also fueling security concerns.
Notably, the increasing rate of scams and hacks in the first three months of 2025 makes it clear that security efforts are struggling to keep up with innovation.
A study by Precedence Research estimates the Web 3.0 market will expand from USD 4.62 billion in 2025 to approximately USD 99.75 billion by 2034, with a projected compound annual growth rate (CAGR) of 41.18% during that period.
Predicted market size of Web3 in the next ten years. Source: Precedence Research.
Yet, CertiK believes that project developers are pushing security considerations toward the end of the priority list.
As the Web3 ecosystem evolves, a proactive and adaptive security approach is critical. Prioritizing both blockchain integrity and social media vigilance will be essential for safeguarding the growing Web3 ecosystem.
The battle against these exploits requires a future where security is not an afterthought but a foundational pillar of every Web3 project and user interaction.
Galaxy Digital, a leading crypto investment firm, has recently captured the crypto community’s attention. The firm recently transferred massive Ethereum (ETH) holdings to centralized exchanges.
The move comes when the crypto market navigates significant volatility, prompting investors to question whether this signals a major sell-off or reflects Galaxy Digital’s strategic portfolio management.
Galaxy Digital’s Persistent ETH Transfers to Exchanges
On-chain data reveals Galaxy Digital has executed a series of substantial ETH transfers to major exchanges in less than a week. On the morning of April 18, 2025, the firm sent 12,500 ETH, valued at approximately $20 million, to Binance.
Just a day earlier, on April 17, Galaxy Digital moved 12,181 ETH, worth around $19.02 million, to another centralized exchange. On April 16, an additional 12,500 ETH, valued at $20.31 million, was transferred to Binance. On April 15, another transaction involving 12,500 ETH and 5 million USDT was sent to the same platform.
In total, Galaxy Digital has moved a significant volume of ETH, worth over $100 million, out of its wallets in a short period. The scale and frequency of these transactions have sparked widespread speculation about the firm’s true intentions.
Sell-Off or Strategic Restructuring?
Large-scale ETH transfers to exchanges are often interpreted as a precursor to selling. If Galaxy Digital is offloading ETH, it could exert downward pressure on the asset’s price, particularly given the current market uncertainty.
ETH’s price has already declined significantly from its cycle peak. And Galaxy Digital’s transactions could amplify bearish sentiment among investors.
However, not all exchange transfers equate to a sell-off. Galaxy Digital might be preparing for other activities, such as providing liquidity for its financial products or executing swaps to diversify its portfolio. Still, these transfers’ sheer volume and rapid pace have raised concerns about their potential impact on ETH’s price.
Adding to the intrigue, these transactions coincide with Christine Kim’s resignation as Galaxy Digital’s Vice President of Research.
Kim, a well-known Ethereum expert, recently left the firm to pursue her ventures. While no direct evidence links her departure to the ETH transfers, the timing has fueled speculation about whether Galaxy Digital is reevaluating its stance on Ethereum.
The Bitcoin reserve bill, tabled in the US state of New Hampshire by Republican Keith Ammon with the support of Democrats Chris McAleer and Carry Spier, has been cleared by a state house committee. This development has helped the state enter the list of pro-BTC reserve states like North Carolina, Oklahoma and Texas, which have also completed this stage of the BTC reserve law development process. Curious to know more? Read on!
New Hampshire’s Bitcoin Reserve bill Progress
The House Bill 302 has been passed by the House Commerce and Affairs Committee with an impressive vote pattern of sixteen to one.
The bill will be sent to the House for a full floor vote.
New Hampshire joins a tightly bunching group of states with Bitcoin Reserve legislation ready for a full floor vote in their initial chambers. pic.twitter.com/yLrBijuOaT
The New Hampshire Bitcoin reserve bill enables the state to invest 5% of the general fund, the revenue stabilisation fund, or other state funds in BTC. Earlier, the bill proposed a 10% allocation plan, but the limit was later reduced to 5%.
The bill stipulates that any BTC purchased must be held by a qualified custodian or in an exchange-traded fund.
Notably, it also allows investments in gold, silver and platinum.
Why Only Bitcoin Qualifies?
The bill requires digital assets to have an average $500 billion market capitalisation over the last year.
The market capitalization of BTC stands at $1,818,844,481,172. The market cap of the second-largest crypto by market cap, Ethereum, is $276,335,550,823, and the third-largest, XRP, is $145,046,239,952.
No crypto, other than Bitcoin, currently meets the stipulated requirement.
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
Since the induction, the Trump administration has induced several progressive policies, including the establishment of a crypto task force under the US SEC to create a clear crypto regulatory framework, to support the crypto industry.
Currently, it is unclear which cryptos will be included in the reserve.
Many industry leaders, like Bitwise CIO Matt Hougan, believe that the reserve will be dominated by Bitcoin. Some experts even think that it will be a BTC-only reserve.
In conclusion, US states, like Utah and Arizona, have made considerable advancements in the process of creating a legal framework to support the BTC reserve plan.
With New Hampshire moving closer to adopting Bitcoin in state reserves, the full House vote will be crucial. If passed, this could mark another step toward state-level Bitcoin adoption while aligning with broader national crypto developments.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post New Hampshire’s Bitcoin Reserve Bill: A Major Step Toward State BTC Adoption appeared first on Coinpedia Fintech News
The Bitcoin reserve bill, tabled in the US state of New Hampshire by Republican Keith Ammon with the support of Democrats Chris McAleer and Carry Spier, has been cleared by a state house committee. This development has helped the state enter the list of pro-BTC reserve states like North Carolina, Oklahoma and Texas, which have …
