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Permanent closure: The protocol will cease its block production and shut down its independent network after completing an operating period of approximately 1.5 years. Migration deadline: Users with funds on the network have until July 31, 2026, to withdraw their assets to the Ethereum mainnet or other compatible chains.

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The phenomenal rise of Hyperliquid's HYPE token has become the most eye-catching event of May, completely rewriting the rules of the game in the 2026 crypto market. Its rapid rally to an all-time high near $62.50 forced retail investors to look nervously at their portfolios.

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Bitcoin is facing a critical test above $75,000 as selling pressure builds and the market searches for the structural support that would prevent the correction from extending further.

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Bitcoin's drop back below $78,000 after a rejection near recent local range highs has left options traders positioned cautiously, according to new data shared by Glassnode. The firm said the options market continues to show compressed volatility expectations, elevated downside hedging demand, and a gamma structure that could amplify weakness if BTC moves toward the mid-$75,000 area.