Latest development5 months ago
Paradigm and Hyperliquid Oppose Proposed US Treasury AML Rules
Crypto firms submit a joint objection against AML rules that could restrict decentralized stablecoin usage on public blockchains.
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Hyperliquid experienced a price pullback from record highs after Arthur Hayes exited his HYPE and NEAR positions due to liquidity risks and macro factors. This sell-off occurred below Hayes' recent $150 price target. Concurrently, the UK Financial Conduct Authority (FCA) issued a formal warning against Hyperliquid, flagging it as an unauthorized firm targeting British users and raising consumer protection concerns.
Crypto firms submit a joint objection against AML rules that could restrict decentralized stablecoin usage on public blockchains.
Read the full storyThe UK's FCA has flagged decentralized exchange Hyperliquid for operating without authorization, citing consumer protection risks as the platform targets institutional growth.
The UK Financial Conduct Authority issued a formal warning against Hyperliquid, citing the DeFi platform's lack of regulatory authorization to target British users.
Prominent investor Arthur Hayes liquidated HYPE and NEAR holdings before reaching his $150 target, citing AI-driven liquidity risks.