Ether surged 18% in 24 hours, climbing from $2,091 to around $2,250-2,290, with over $1 billion in short positions liquidated. Hyperliquid (HYPE) jumped more than 15% after Trump’s announcement at the White House crypto summit that the CFTC chairman was working on bringing the platform legally to the United States, with the token now trading between $60 and $70. The catalyst behind Ether’s rise remains the doubling of US Treasury bond buybacks, which also supported Bitcoin. Solana and XRP advanced on Thursday but to a much more modest extent. Coinbase seized the opportunity to integrate Hyperliquid perpetuals on its Base app, offering up to 50x leverage across more than 290 markets.
Source: Read the original article
