• bitcoinBitcoin (BTC) $ 93,741.00
  • ethereumEthereum (ETH) $ 1,801.24
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.23
  • bnbBNB (BNB) $ 606.85
  • solanaSolana (SOL) $ 151.52
  • usd-coinUSDC (USDC) $ 1.00
  • dogecoinDogecoin (DOGE) $ 0.179150
  • cardanoCardano (ADA) $ 0.699478
  • tronTRON (TRX) $ 0.246439
  • staked-etherLido Staked Ether (STETH) $ 1,801.02
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 93,661.00
  • suiSui (SUI) $ 2.98
  • chainlinkChainlink (LINK) $ 15.05
  • avalanche-2Avalanche (AVAX) $ 22.47
  • leo-tokenLEO Token (LEO) $ 9.12
  • stellarStellar (XLM) $ 0.267387
  • the-open-networkToncoin (TON) $ 3.18
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • wrapped-stethWrapped stETH (WSTETH) $ 2,161.54
  • hedera-hashgraphHedera (HBAR) $ 0.180554
  • usdsUSDS (USDS) $ 0.999930
  • bitcoin-cashBitcoin Cash (BCH) $ 358.31
  • litecoinLitecoin (LTC) $ 83.40
  • polkadotPolkadot (DOT) $ 4.10
  • hyperliquidHyperliquid (HYPE) $ 18.61
  • bitget-tokenBitget Token (BGB) $ 4.52
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • wethWETH (WETH) $ 1,801.34
  • ethena-usdeEthena USDe (USDE) $ 0.999540
  • pi-networkPi Network (PI) $ 0.667219
  • moneroMonero (XMR) $ 230.30
  • whitebitWhiteBIT Coin (WBT) $ 28.66
  • wrapped-eethWrapped eETH (WEETH) $ 1,920.03
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 93,719.00
  • pepePepe (PEPE) $ 0.000009
  • uniswapUniswap (UNI) $ 6.08
  • aptosAptos (APT) $ 5.39
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 52.04
  • nearNEAR Protocol (NEAR) $ 2.48
  • bittensorBittensor (TAO) $ 342.52
  • ondo-financeOndo (ONDO) $ 0.920474
  • gatechain-tokenGate (GT) $ 23.53
  • official-trumpOfficial Trump (TRUMP) $ 13.77
  • internet-computerInternet Computer (ICP) $ 5.18
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.51
  • ethereum-classicEthereum Classic (ETC) $ 16.82
  • aaveAave (AAVE) $ 168.10
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • susdssUSDS (SUSDS) $ 1.05
  • crypto-com-chainCronos (CRO) $ 0.090253
  • kaspaKaspa (KAS) $ 0.095503
  • mantleMantle (MNT) $ 0.705615
  • render-tokenRender (RENDER) $ 4.47
  • vechainVeChain (VET) $ 0.026146
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • cosmosCosmos Hub (ATOM) $ 4.43
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 93,376.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.221559
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  • filecoinFilecoin (FIL) $ 2.80
  • algorandAlgorand (ALGO) $ 0.214564
  • fasttokenFasttoken (FTN) $ 4.23
  • celestiaCelestia (TIA) $ 2.78
  • sonic-3Sonic (prev. FTM) (S) $ 0.514210
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.623350
  • arbitrumArbitrum (ARB) $ 0.338628
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998517
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.14
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 93,727.00
  • kucoin-sharesKuCoin (KCS) $ 10.39
  • jupiter-exchange-solanaJupiter (JUP) $ 0.454988
  • optimismOptimism (OP) $ 0.771679
  • binance-staked-solBinance Staked SOL (BNSOL) $ 158.62
  • makerMaker (MKR) $ 1,490.63
  • xdce-crowd-saleXDC Network (XDC) $ 0.076022
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  • bonkBonk (BONK) $ 0.000015
  • worldcoin-wldWorldcoin (WLD) $ 0.866657
  • nexoNEXO (NEXO) $ 1.10
  • fartcoinFartcoin (FARTCOIN) $ 1.09
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,801.14
  • immutable-xImmutable (IMX) $ 0.589363
  • quant-networkQuant (QNT) $ 72.45
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,874.12
  • flare-networksFlare (FLR) $ 0.016552
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  • story-2Story (IP) $ 3.77
  • sei-networkSei (SEI) $ 0.195101
  • usdt0USDT0 (USDT0) $ 1.00
  • injective-protocolInjective (INJ) $ 9.54
  • the-graphThe Graph (GRT) $ 0.090790
  • paypal-usdPayPal USD (PYUSD) $ 0.999871
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,029.35
  • curve-dao-tokenCurve DAO (CRV) $ 0.654362
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • jasmycoinJasmyCoin (JASMY) $ 0.017125
  • tether-goldTether Gold (XAUT) $ 3,329.04
  • wbnbWrapped BNB (WBNB) $ 607.11
  • dexeDeXe (DEXE) $ 14.18
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 92,470.00
  • pax-goldPAX Gold (PAXG) $ 3,330.05
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 166.97
  • msolMarinade Staked SOL (MSOL) $ 194.82
  • raydiumRaydium (RAY) $ 2.61
  • galaGALA (GALA) $ 0.017133
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 93,591.00
  • lido-daoLido DAO (LDO) $ 0.816062
  • iotaIOTA (IOTA) $ 0.195500
  • the-sandboxThe Sandbox (SAND) $ 0.297779
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,915.65
  • chain-2Onyxcoin (XCN) $ 0.021279
  • theta-tokenTheta Network (THETA) $ 0.691224
  • kaiaKaia (KAIA) $ 0.117173
  • flokiFLOKI (FLOKI) $ 0.000070
  • usual-usdUsual USD (USD0) $ 0.998027
  • heliumHelium (HNT) $ 3.65
  • coredaoorgCore (CORE) $ 0.659501
  • walrus-2Walrus (WAL) $ 0.510609
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.03
  • clbtcclBTC (CLBTC) $ 94,295.00
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999455
  • flowFlow (FLOW) $ 0.396215
  • bitcoin-svBitcoin SV (BSV) $ 30.83
  • movementMovement (MOVE) $ 0.245653
  • decentralandDecentraland (MANA) $ 0.316034
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • jito-governance-tokenJito (JTO) $ 1.82
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,881.58
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.18
  • tezosTezos (XTZ) $ 0.541025
  • pyth-networkPyth Network (PYTH) $ 0.152890
  • zcashZcash (ZEC) $ 34.35
  • based-brettBrett (BRETT) $ 0.055383
  • telcoinTelcoin (TEL) $ 0.005882
  • dogwifcoindogwifhat (WIF) $ 0.540158
  • pendlePendle (PENDLE) $ 3.31
  • mantra-daoMANTRA (OM) $ 0.539078
  • dydx-chaindYdX (DYDX) $ 0.646868
  • true-usdTrueUSD (TUSD) $ 0.998545
  • pumpbtcpumpBTC (PUMPBTC) $ 91,248.00
  • ubtcuBTC (UBTC) $ 94,807.00
  • spx6900SPX6900 (SPX) $ 0.519350
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008488
  • beldexBeldex (BDX) $ 0.067405
  • kavaKava (KAVA) $ 0.441928
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.733558
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 93,649.00
  • grassGrass (GRASS) $ 1.72
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.179037
  • thorchainTHORChain (RUNE) $ 1.30
  • solayerSolayer (LAYER) $ 2.17
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,862.33
  • deepDeepBook (DEEP) $ 0.184674
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • starknetStarknet (STRK) $ 0.151874
  • ecasheCash (XEC) $ 0.000022
  • elrond-erd-2MultiversX (EGLD) $ 15.41
  • neoNEO (NEO) $ 6.07
  • tbtctBTC (TBTC) $ 93,389.00
  • ousgOUSG (OUSG) $ 110.80
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,800.27
  • arweaveArweave (AR) $ 6.45
  • apenftAPENFT (NFT) $ 0.00000043
  • aerodrome-financeAerodrome Finance (AERO) $ 0.526938
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006626
  • apecoinApeCoin (APE) $ 0.515473
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998783
  • axie-infinityAxie Infinity (AXS) $ 2.52
  • conflux-tokenConflux (CFX) $ 0.078927
  • berachain-beraBerachain (BERA) $ 3.64
  • chilizChiliz (CHZ) $ 0.041223
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,801.66
  • super-oethSuper OETH (SUPEROETHB) $ 1,800.46
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,915.18
  • compound-governance-tokenCompound (COMP) $ 43.16
  • aioz-networkAIOZ Network (AIOZ) $ 0.327375
  • matic-networkPolygon (MATIC) $ 0.221715
  • usddUSDD (USDD) $ 1.00
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  • wormholeWormhole (W) $ 0.081800
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,800.38
  • resolv-usrResolv USR (USR) $ 1.00
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  • amp-tokenAmp (AMP) $ 0.004170
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000065
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • roninRonin (RON) $ 0.562589
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.826964
  • sun-tokenSun Token (SUN) $ 0.017360
  • popcatPopcat (POPCAT) $ 0.335055
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,838.58
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999706
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002

HyperLiquid Strengthens Security Measures After JELLY Crisis

0 9

HyperLiquid Strengthens Security Measures After JELLY Crisis

HyperLiquid provided some key updates following yesterday’s JELLY incident, detailing its main takeaways and security upgrades. Although HYPE’s price crashed yesterday, it has been slowly stabilizing today.

However, lingering criticisms remain about HyperLiquid’s actions during the crisis. It responded quickly to non-illegal activities that threatened itself but remained comparatively passive in the face of February’s Bybit hack.

HyperLiquid Responds to JELLY Crisis

HyperLiquid, a popular DEX, is recovering from the aftermath of a major scandal. Yesterday, HyperLiquid delisted JELLY after a short squeeze nearly caused the firm to take $230 million in losses.

This attracted a wave of condemnation from the community, which feared another FTX-style collapse. Today, HyperLiquid posted a response to the situation:

“Yesterday is a good reminder to stay humble, hungry, and focused on what matters: building a better financial system owned by the people. Users with JELLY long positions at the time of settlement will be refunded by the Foundation. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses,” it claimed.

HyperLiquid also detailed a few security measures that it will take to avoid another incident similar to the JELLY squeeze. For one thing, it implemented more stringent token delistings and open interest caps.

Most importantly, the platform made significant tweaks to its liquidation protocols, putting several guard rails on the main cause of the turmoil.

So far, it’s unclear whether HyperLiquid’s measures will be able to stave off another JELLY incident. If nothing else, HYPE’s rebound today reflects restored community sentiment.

Less than a week ago, HYPE was seeing strong bullish momentum, but yesterday’s events caused a notable crash. However, the altcoin managed to tick back up today, avoiding further losses.

HyperLiquid Strengthens Security Measures After JELLY Crisis

Hyperliquid Weekly Price Chart. Source: BeInCrypto

Can the Community Trust Hyperliquid?

The crypto community has been strongly criticizing how the exchange handles the situation. The concern centers around a simple question: Is Hyperliquid truly a decentralized exchange? Delisting a token and seizing investor funds goes against the central ethos of DeFi.

ZachXBT, the renowned crypto sleuth, was particularly frustrated by the company’s actions. Months ago, he identified a potential North Korean security breach, which the firm denied.

However, HyperLiquid acted quickly to neutralize the JELLY trades, proving that it has the capacity for that sort of rapid response.

“HyperLiquid has recently seen illicit flows [and] said it’s decentralized, so it cannot do anything. Now, HyperLiquid made a centralized decision to quickly close the position at an arbitrary price for an entity using the protocol as intended. If something like that could be done for JELLY, it likely should have been done for both,” ZachXBT stated.

Ultimately, HyperLiquid has time to reflect and update its strategies from the JELLY incident. Yesterday’s events rattled the whole crypto community, but catastrophe was avoided.

Hopefully, the platform can act in good faith to protect user funds and its decentralized ethos.

Source

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