Regulation· ★★★· bearish·

Hyperliquid is registered in Singapore, but MAS says it is not under its supervision

  • —FT: Hyperliquid is registered in Singapore; its ~11-person team moved there in 2024
  • —MAS says Hyperliquid is not under its supervision and has not applied for a license
  • —MAS added Hyperliquid to its crypto warning list on June 26
  • —HYPE trades at $91.64, down 3% over 24 hours
Why it matters: Regulatory uncertainty around Hyperliquid could weigh on HYPE and spotlight the status of decentralized exchanges in Asia.
Source: BeInCrypto JP