On-chain trader loracle.hl closed a $46M HYPE short and went long on Arthur Hayes' holy trinity picks of HYPE, ZEC, and NEAR as Hyperliquid hits new highs.

A trader called loracle.hl turned $42.2 million in perpetual-futures profit into a $5.19 million loss shorting Hyperliquid's HYPE token.

Bitmex co-founder Arthur Hayes challenged Kyle Samani to a $100,000 charity bet that HYPE outperforms any top-10 coin by year-end, after the token hit a record near $70.