Community Reaction and Allegations

Co-founder Iliensinc clarified on Hyperliquid’s Discord channel that the address 0x7ae4…1028 does not reflect the company’s standards or ethical values. Previously, community member cobe.hype claimed the wallet was one of the team accounts responsible for selling approximately 4,000 HYPE tokens ($134,000) in a single day last November.

Strict Trading Policies

Hyperliquid enforces strict trading rules for employees and contractors:

• Derivatives Trading Ban: Team members and contractors cannot open short or long positions on HYPE, nor can they engage in any derivatives trading.

• Zero Tolerance for Insider Trading: Team members must not trade based on non-public, material information and must not share such information with third parties.

Violations may lead to immediate termination and potential legal action, ensuring accountability and adherence to industry standards.

Hyper Foundation Executes Critical Governance Move

Hyper Foundation has taken a key governance step that directly affects the supply side of the Hyperliquid ecosystem. The Foundation proposed to reset the Aid Fund, permanently removing approximately $1 billion worth of HYPE tokens from circulation.

The development drew widespread international crypto media coverage on December 17–18, 2025, attracting investor attention to potential market implications. Analysts note that such a significant permanent reduction in supply could tighten liquidity and create upward price pressure.

Hyperliquid’s community and investors view this action as supporting the long-term health of the ecosystem. The platform once again demonstrates that token supply management is conducted transparently and with accountability.

HYPE Performance and Volatility

HYPE experienced significant volatility in 2025. The token reached an all-time high near $60 in mid-September, followed by subsequent sell-offs. At the time of publication, HYPE trades at $25.40, down roughly 24% over the year but up 290% since its November 2024 launch at $2–3.

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The post x-Hyperliquid Employee Linked to HYPE Token Shorting appeared first on Coin Engineer.

A Strategic Expansion by Kraken

Following its resolution with the SEC, Kraken is strategically moving to expand its offerings, focusing on derivatives and crypto futures. By acquiring NinjaTrader, Kraken will gain access to its Futures Commission Merchant (FCM) license, allowing the exchange to offer regulated derivatives products, particularly in the US market.

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Kraken’s strong financial standing—reportedly earning over $1.5 billion in revenue last year and doubling its profits—gives the company the leverage to execute this high-profile acquisition.

Opening Doors to New Markets!

NinjaTrader, founded in 2003, boasts over 1.8 million retail investors. The acquisition will enable NinjaTrader to expand into the UK and Australian markets, leveraging Kraken’s EMI license from the UK’s Financial Conduct Authority (FCA) to smoothen its entry.

Kraken already holds a MiFID license, allowing it to offer crypto derivatives to EU-based traders. Additionally, Kraken recently reintroduced crypto staking services for US clients, reflecting its broader expansion strategy.

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The post Kraken Nears $1.5 Billion Acquisition Deal for NinjaTrader! appeared first on Coin Engineer.

More Trading Options with New Perpetual Contracts!

Aiming to enhance user experience and expand trading opportunities, Binance is launching two new USDⓈ-M Perpetual Contracts on the Binance Futures platform. These contracts will be available as follows:

• BMTUSDT Perpetual Contract: March 17, 2025, 13:30 (UTC)
• MUBARAKUSDT Perpetual Contract: March 17, 2025, 13:45 (UTC)

Both contracts will support up to 25x leverage and will be USDT-margined.

Click here to trade on Binance Futures with a 10% fee discount!

Project Information

The underlying assets of the new contracts are Bubblemaps (BMT) and Mubarak (MUBARAK). Bubblemaps is a project that transforms blockchain data into visualizations, making the analysis process clearer and more efficient for users. On the other hand, Mubarak is a meme coin that was initially launched on the Fourmeme platform and is now fully community-driven and developed.

Contract addresses have also been shared. For the BMTUSDT perpetual contract, the address is 0x7d814b9eD370Ec0a502EdC3267393bF62d891B62, while for MUBARAKUSDT, it is 0x5c85d6c6825ab4032337f11ee92a72df936b46f6. The minimum tick size for both contracts is 0.0001, with a maximum leverage of 25x. The funding rate is capped at +2.00% / -2.00%, and funding fees will be settled every four hours.

Binance has emphasized that these perpetual contracts will operate under the Binance Terms of Use and the Binance Futures Service Agreement. Additionally, it’s important to note that futures listings are independent of spot listings. A token listed on Binance Futures does not guarantee its listing on Binance Spot.

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The post Binance Futures Lists Two New Coins! appeared first on Coin Engineer.