🚨 Crypto Scam Crackdown

What we’ll cover today:

🚀 HYPE’s Major Comeback: Why HYPE is skyrocketing again!

🔒 HyperLend x RedStone: A smart partnership for secure lending.

🚨 Australia’s Crypto Crackdown: 95 scam firms shut down!

HYPE Bounces Back Big! 🚀

Hyperliquid's HYPE token is back on track after a recent slump, now testing a bullish pattern that could mean more gains ahead.

🚨 Breaking News:
HYPE surged 32.7% to hit $12.5 this morning (Asian time), bringing its market cap back over $4 billion. Trading volume is up 50% from yesterday, indicating renewed interest.

⚡ Wire Simplified:

• HYPE dipped recently due to a global crypto sell-off sparked by new U.S. trade tariffs.

• The coin's rebound today has erased losses from the past two days.

• Open interest climbed above $450 million, signaling growing interest from derivative traders.

• Funding rates have been positive since March 25, suggesting a bullish sentiment.

• The overall derivatives market remains calm despite the HYPE rally.

✔️ Straight to the Point:
HYPE's recovery suggests traders still have faith despite recent turbulence. The bullish pattern hints at potential growth, but market sentiment remains mixed.

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HyperLend Teams Up with RedStone for Secure Lending 💼

HyperLend, a lending platform built on Hyperliquid’s EVM, just integrated RedStone’s oracle protocol to power secure price feeds.

🚨 Breaking News:
HyperLend, the first lending protocol on Hyperliquid (HYPE), now uses RedStone's modular oracle for reliable pricing. The integration boosts its trading and lending reliability.

⚡ Wire Simplified:

• HyperLend launched on March 24 and is inspired by Aave’s model, tailored for Hyperliquid.

• It features real-time leverage, dynamic rates, and deep liquidity.

• RedStone’s integration ensures accurate, secure pricing from day one.

• The oracle protocol minimizes the risk of faulty data during transactions.

• Traders and market makers can now leverage HyperLend’s robust data feeds.

✔️ Straight to the Point:
By teaming up with RedStone, HyperLend enhances its lending security and data accuracy, boosting confidence among crypto traders and market makers.

Australia Shuts Down 95 Crypto Scam Firms 🚔

Australia’s financial watchdog just took a massive swing at crypto scams, shutting down 95 companies involved in “pig butchering” schemes.

🚨 Breaking News:
The Australian Securities and Investments Commission (ASIC) won a court ruling to wind up 95 companies linked to crypto investment scams, citing false registration and deceptive practices.

⚡ Wire Simplified:

• “Pig butchering” scams involve building fake relationships to trick victims into investing.

• ASIC uncovered that these firms used fake info to register.

• The Federal Court approved the winding up on the grounds of deceptive conduct.

• Justice Angus Stewart called the decision “overwhelmingly justified.”

• The crackdown shows Australia’s commitment to eliminating crypto fraud.

✔️ Straight to the Point:
Australia’s decisive action sends a clear message: crypto scammers will face the consequences. As regulations tighten, expect more scrutiny on dubious crypto ventures.