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🌙 Hyperliquid Token Tanks as Another Vault Attack Sparks Controversy

The perpetual exchange’s HLP vault was down $10 million on an absorbed position before the team intervened and closed the position at a profit, casting doubts on its decentralization claims.

Author

Mike Gavela
March 26, 2025

Crypto Roundup - March 26

In the crypto space, the Hyperliquid token has experienced a significant decline following another controversial vault attack, raising concerns over security and trust in decentralized finance platforms. Meanwhile, GameStop is set to raise $1.3 billion to invest in Bitcoin, signaling a major shift in corporate strategy towards cryptocurrency adoption. On the regulatory front, Paul Atkins, nominated for SEC Chairman, pledges a 'coherent and principled' approach to crypto regulation, aiming to provide clear guidelines and foster market certainty and innovation.

Top Stories

  • Hyperliquid Token Falls: Another vault attack leads to significant price drop and controversy in the DeFi sector.

  • GameStop's Bold Move: Plans to raise $1.3 billion specifically for Bitcoin investment, underscoring growing corporate interest in cryptocurrencies.

  • Regulatory Clarity Promised: Paul Atkins, nominee for SEC Chairman, focuses on establishing clear and principled crypto regulations to support innovation and reduce market uncertainty.

TOP STORIES

Hyperliquid Token Tanks as Another Vault Attack Sparks Controversy - "The Defiant"

The perpetual exchange’s HLP vault was down $10 million on an absorbed position before the team intervened and closed the position at a profit, casting doubts on its decentralization claims.

thedefiant.io/news/defi/hyperliquid-token-tanks-as-another-vault-attack-sparks-controversy

GameStop Borrows Strategy Playbook, Plans to Raise $1.3 Billion to Buy Bitcoin - Decrypt

GameStop said it plans to offer to $1.3 billion worth of convertible senior notes to buy Bitcoin, following the approach of Strategy.

decrypt.co/311734/gamestop-raise-1-3-billion-buy-bitcoin

Trump's SEC Chair pick Paul Atkins pledges 'coherent and principled' approach to crypto regulation

Trump's SEC Chair nominee Paul Atkins promises a coherent, principled approach to crypto regulation, focusing on clarity and innovation.

cryptobriefing.com/paul-atkins-crypto-regulation

FUNDRAISING

OTHER HEADLINES

Binance Suspends Wallet Team Member Over Alleged Insider Trading - "The Defiant"

Binance Wallet announced the internal audit team’s findings and credited four whistleblowers.

thedefiant.io/news/cefi/binance-suspends-wallet-team-member-over-alleged-insider-trading

Did Binance enable JELLYJELLY leveraged trade against Hyperliquid?

A bizarre and enthralling trade involving Binance and the JELLYJELLY memecoin could have liquidated Hyperliquid today.

protos.com/did-binance-enable-jellyjelly-leveraged-trade-against-hyperliquid

Wyoming unveils first state-issued stablecoin called WYST, set to launch in July

The stablecoin is available on seven testnets in its testing phase, powered by LayerZero's interoperability infrastructure.

cryptoslate.com/wyoming-unveils-first-state-issued-stablecoin-called-wyst-set-to-launch-in-july

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