Weiss Crypto is making a two-sided case on Hyperliquid’s HYPE token: bullish 
on the protocol’s fee-driven tokenomics, but clear that investors should not 
mistake momentum for the absence of risk. In a series of posts over the past 
days, the research outlet argued that HYPE’s buyback-and-burn structure 
remains a core strength even as token unlocks, competition and regulation stay 
firmly on the table. Hyperliquid Faces 3 Key Risks And The Bullish Case The 
cautionary note was direct. “But there are some HYPE risks investors should 
take into consideration,” Weiss Crypto wrote on Wednesday, before naming three 
areas to watch. The first is supply expansion from contributor unlocks. “April 
will see the release of 9.92 million HYPE tokens, relatively modest compared 
with the platform’s trading activity.” Even framed as modest, the point was 
clear: fresh supply still matters, especially for a token whose bullish 
narrative depends heavily on shrinking circulation. Weiss also pointed to 
market structure risk. “Right now, Hyperliquid has the clear first-mover 
advantage. But that doesn’t mean a powerful disruptor can’t emerge.” That gets 
at a familiar tension in crypto trading infrastructure. Early dominance can 
look durable, particularly when liquidity, activity and attention reinforce 
each other, but it can also invite direct attacks from better-capitalized or 
more aggressive rivals. Related Reading: Arthur Hayes Predicts Hyperliquid’s 
HYPE Is Headed To $150 By August 2026 The third risk is regulatory. “US 
residents will likely stay geoblocked on the official front-end — and sector 
growth subdued — until regulation clears.” In other words, Weiss sees the 
addressable market as constrained for now, not because the product lacks 
traction, but because access and broader sector expansion remain tied to 
unresolved policy conditions. That warning landed alongside a much more 
constructive argument about HYPE itself. In a separate post built around an 
infographic, Weiss called the token design “Tokenomics done right.” The 
graphic described what it labeled “The powerful feedback loop,” a flywheel in 
which rising platform activity leads to more trading, more protocol fees, more 
token buybacks, and less circulating supply. The centerpiece of that thesis is 
fee deployment. According to the infographic, “97% of trading fees used to buy 
HYPE tokens.” From Weiss’s framing, that mechanism is what turns platform 
usage into direct token support. As activity grows, “buyback accelerates,&#8221; 
“circulating supply declines,” and the token’s &#8220;appreciation potential” 
increases alongside the possibility of drawing in still more activity.Weiss 
also highlighted the scale of the mechanism with a headline figure: “During 
2025 alone, the protocol burned roughly $1 billion worth of HYPE tokens.” That 
number sits at the center of the bullish case. Related Reading: Hyperliquid 
Looks Like Solana At $20 Last Cycle, Daniel Cheung Says Another Weiss post 
tried to show that demand in action during a market stress event. “On Sunday, 
as tensions escalated in the Middle East, Hyperliquid hit a major milestone. 
It processed $1B+ in oil-related trading volume. Why? Because traditional oil 
markets were closed for the weekend. Decentralized markets never sleep.” Weiss 
paired that post with Bitwise CIO Matt Hougan’s earlier observation that when 
President Donald Trump announced an attack on Iran at 2:30 am Sunday, US, 
European and Asian markets were closed, while “HYPE was open.” Taken together, 
the message from Weiss is not complicated, but it is nuanced. The outlet sees 
Hyperliquid as a live example of crypto infrastructure capturing flows when 
legacy markets are unavailable, and it views HYPE’s fee-and-burn design as 
unusually strong. At the same time, it is signaling that even a token backed 
by an active buyback loop is still exposed to unlock calendars, rival 
platforms and the slower-moving reality of US regulation. At press time, HYPE 
traded at $37.87. Featured image created with DALL.E, chart from 
TradingView.com

Weiss Crypto Flags 3 Key Risks For Hyperliquid And HYPE

Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to 
ensure that the Justice Department “conducts a serious investigation into 
Binance.”

Dems say they will oversee reported DOJ probe into Binance

Solana’s next major protocol overhaul is edging closer to reality, and 
developers say it could dramatically reduce transaction confirmation times 
while simplifying the network’s core mechanics. Solana’s Alpenglow Upgrade 
Targets Near-Instant Finality and Simpler Consensus Solana developers are 
preparing a sweeping consensus upgrade called Alpenglow, a protocol redesign 
expected to cut transaction finality from seconds […]

What Is Solana’s Alpenglow Upgrade? New Consensus Could Deliver 150ms Transaction Finality

XRP price started a recovery wave above $1.40 and $1.4050. The price is now 
consolidating and might aim for a fresh move above $1.420. XRP price started a 
recovery wave above the $1.40 zone. The price is now trading above $1.40 and 
the 100-hourly Simple Moving Average. There was a break above a bearish trend 
line with resistance at $1.380 on the hourly chart of the XRP/USD pair (data 
source from Kraken). The pair could continue to move up if it settles above 
$1.420. XRP Price Aims Steady Gains XRP price remained supported above $1.3680 
and started a recovery wave, like Bitcoin and Ethereum. The price was able to 
climb above $1.3950 and $1.40 to enter a short-term positive zone. There was 
also a move above the 50% Fib retracement level of the downward move from the 
$1.4423 swing high to the $1.3668 low. Besides, there was a break above a 
bearish trend line with resistance at $1.380 on the hourly chart of the 
XRP/USD pair. The bulls even pushed the price above $1.4050 but they struggled 
near $1.4140. The price is now trading above $1.40 and the 100-hourly Simple 
Moving Average. If there is a fresh upward move, the price might face 
resistance near the $1.4140 level or the 61.8% Fib retracement level of the 
downward move from the $1.4423 swing high to the $1.3668 low. The first major 
resistance is near the $1.420 level. A close above $1.420 could send the price 
to $1.4295. The next hurdle sits at $1.4420. A clear move above the $1.4420 
resistance might send the price toward the $1.4650 resistance. Any more gains 
might send the price toward the $1.50 resistance. Another Drop? If XRP fails 
to clear the $1.420 resistance zone, it could start a fresh decline. Initial 
support on the downside is near the $1.3920 level and the same trend line. The 
next major support is near the $1.3840 level. If there is a downside break and 
a close below the $1.3840 level, the price might continue to decline toward 
$1.3680. The next major support sits near the $1.350 zone, below which the 
price could continue lower toward $1.3120. Technical Indicators Hourly MACD – 
The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $1.3920 and $1.3840. Major Resistance Levels – $1.4200 
and $1.4295.

XRP Price Turns Stronger — Breakout Momentum Building Fast

Long-term holders now control roughly 14.5 million BTC — coins that have not 
moved in over five months and show little sign of heading back to market 
anytime soon. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And 
Only 1 In 20 Remains Coins Keep Moving Off Platforms That deep freeze in 
holder behavior is part of a larger pattern reshaping how Bitcoin is stored 
and traded. Exchange reserves across all centralized platforms have dropped to 
approximately 2.75 million BTC as of March 12, according to data from 
CryptoQuant. That marks the lowest level recorded since 2019 and represents a 
loss of nearly half a million coins from exchange wallets over roughly two 
years. The pullback has been driven by three main forces: retail and 
institutional holders moving coins into private cold storage, spot Bitcoin 
ETFs steadily absorbing supply since their US launch in late 2023, and 
publicly traded companies building large treasury positions. On a single day 
in recent weeks, withdrawals from exchanges hit 32,000 BTC. Net flows turned 
negative and stayed there. Corporate Buyers Add Pressure to Shrinking Supply 
Strategy, formerly known as MicroStrategy, has continued stacking coins at 
scale. Reports indicate that publicly listed companies collectively took in 
close to 350,000 BTC over a recent stretch, pulling a significant chunk of 
circulating supply away from trading venues. Spot Bitcoin ETFs added to the 
draw, pulling in close to $570 million net in a single week. When fewer coins 
sit on exchanges ready to be sold, even modest waves of buying can move prices 
sharply. There simply is not enough supply on the order books to absorb demand 
without price shifting. That dynamic, sometimes called a supply squeeze, has 
historically preceded stronger price runs — though timing those moves is far 
from predictable. Price Holds Steady After February Drop Bitcoin spent much of 
February under pressure, sliding to the low $60,000s before recovering. The 
coin has since climbed back and been trading in a band between $67,000 and 
$71,000, hovering near $69,000 to $70,000 as of this report. A break above 
$72,000 could trigger forced buybacks from traders betting on lower prices, 
which would add upward momentum. Related Reading: Cardano’s DeFi Boom: TVL 
Spikes 23% In Less Than 2 Weeks Miners are watching closely. Their breakeven 
cost on electricity alone sits near $64,000 to $65,000, meaning a sustained 
drop below that level could force some operators to sell reserves to cover 
costs. Daily trading volume has remained above $50 billion, which analysts 
read as steady participation rather than speculative frenzy. Whether the 
tightening supply eventually pulls prices higher depends on whether fresh 
demand arrives fast enough to match conviction among current holders — most of 
whom, based on their behavior, appear in no rush to sell. Featured image from 
Unsplash, chart from TradingView

Cryptocurrency price in NZD