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Tensions between Hyperliquid and Binance reached an emotional climax on Friday night as crypto traders lost a collective $600 billion within half an hour of Donald Trump’s threat to renew a tariff war with China. As the relatively small Hyperliquid continues to market itself as a Binance competitor, it’s drawn Binance founder Changpeng Zhao into a social media spat over the market crash. Hyperliquid co-founder Jeffrey Yan and Zhao are arguing about their respective reporting systems for liquidations, reimbursements for users, prevention of market manipulation, the resilience of their respective proprietary tokens, and which exchange is sufficiently capitalized to weather the tumultuous storms of crypto. From over $3.9 trillion, the combined market cap of crypto assets fell to under $3.3 trillion within 30 minutes of Trump’s Friday afternoon threat . Stablecoins de-pegged, and even billion-dollar coins like Cosmos flash-crashed 99.9% on Binance. Although prices tan...

The Hyperliquid price soared 38% in the last 24 hours to trade at $12.15 as of 11:27 p.m. EST on trading volume that plunged 4% to $242.9 million. Hyperliquid Price On A Progressive Upward Trend After its launch less than a week ago, the Hyperliquid price has been in a continued surge, despite having traded within the $9 range in the past 3 days.  The consolidation within this range allowed the price of Hyperliquid to soar, forming a parabolic curve. The price of HYPE is now trading at $12.15, well above the 50-day Simple Moving Average (SMA), confirming bullish momentum. The breakout is supported by a significant volume spike, indicating strong buying pressure. The Relative Strength Index (RSI) also supports the rising pressure, which has already crossed above the 70-overbought region, currently at 78. Meanwhile, the Moving Average Convergence Divergence (MACD) blue line (0.8381) is significantly above the orange signal line (0.5843), and the histogram shows increasing posit...