Hyperliquid brings bounded prediction trading to testnet as U.S. derivatives interest heats up
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Hyperliquid bets on prediction markets, HYPE token surges (Global)
HyperCore developers formally backed HIP-4, a governance proposal to add a new Outcomes product (bounded, non-levered outcome markets) to Hyperliquid, currently running on testnet and expected to settle in the protocol’s USDH stablecoin. The announcement coincided with a near 19.5% intraday jump in HYPE as markets priced in expanded product scope and a potential fee-to-buyback feedback loop that could boost token utility, though timing, liquidity provision, and regulatory treatment remain open risks.

Ripple Prime integrates Hyperliquid to bring on‑chain derivatives into institutional prime brokerage
Ripple Prime has integrated Hyperliquid so institutional customers can trade on‑chain derivatives through a prime broker while keeping a single contractual counterparty. The move is part of a broader push—alongside recent product and acquisition activity—to fold tokenized liquidity and treasury tooling into institutional workflows, reducing frictions but concentrating new operational and counterparty exposures in intermediaries.

