Polymarket/Hyperliquid: HYPE ETF, Kalshi perps, prediction markets, fake wins scandal + $3M hack + Kraken/Aave stake, Kalshi/Polymarket $44.8B June volume
Key Questions
What is the status of HYPE and related ETF developments?
HYPE reached an ATH market cap of $17.8B at $75. Grayscale launched the HYPG ETF with staking, while Bitwise's BHYP holds over 1M HYPE tokens and analysts project strong upside.
What are the latest volumes and approvals for prediction markets?
Kalshi and Polymarket combined for $44.8B in June volume. Kalshi received CFTC approval for perps, pushing its valuation toward $100B with potential IPO plans.
What incidents affected Polymarket recently?
Polymarket faced a fake wins scandal and a $3M hack via third-party phishing affecting 4,500 users, though losses were covered. Despite this, 60% of prediction market users are new to onchain trading.
HYPE $75 ATH MC $17.8B; Grayscale HYPG ETF with staking; Bitwise BHYP holds 1M+ HYPE; a16z whale accumulates; Multicoin target $319-689 (400%+ upside by 2028); Kalshi CFTC perps approval; Kalshi valuation jumps to $100B, possible US IPO; Hyperliquid fee engine deflationary; Polymarket fake wins scandal + $3M hack via third-party phishing (4,500 users, $3M covered); 60% prediction market users new to onchain trading; SeerDEX presale; Hyperliquid portfolio margin beta; Onyx Odds $20M Series A; Spain bans Polymarket/Kalshi; Kraken reportedly in talks to buy 15% of Aave at $385M valuation. Kalshi/Polymarket June combined volume $44.8B. HYPE price $62-67, daily fees $2M, annualized revenue $587.5M, strong growth narrative tied to US stock perps.