The Monetary Authority of Singapore has added Hyperliquid to its Investor Alert List, prompting the decentralized exchange to state that it has never claimed to be licensed or authorized by the country’s financial regulator.
Summary
- MAS has added Hyperliquid to its Investor Alert List, while clarifying that the move is not an enforcement action.
- Hyperliquid says it has never claimed to be licensed by MAS and that its permissionless infrastructure remains unchanged.
- HYPE continues trading inside a descending channel, with technical indicators showing improving momentum despite regulatory attention.
According to the Monetary Authority of Singapore (MAS), the entry added on Friday includes both the Hyper Foundation website and the Hyperliquid trading application.
The regulator described the Investor Alert List as a consumer protection measure that identifies entities that could be mistakenly perceived as licensed or regulated by MAS. It also clarified that inclusion on the list does not amount to a ban or enforcement action.
Responding in a June 26 X post, Hyperliquid said its permissionless infrastructure remains unchanged and that it has never represented itself as holding authorization from MAS. The platform added that it remains committed to working constructively with regulators and institutions while supporting clear regulatory frameworks for on-chain finance.
Hyperliquid says listing does not change its operations
Although the MAS listing has drawn attention to the exchange, Hyperliquid continues to rank among the largest decentralized trading platforms. According to CoinGecko, it is currently the ninth-largest decentralized exchange by trading volume, while DefiLlama estimates the protocol secures roughly $5.7 billion in total value locked.
Earlier this month, MAS also placed Bybit on the Investor Alert List. KuCoin and Bitget are already included, indicating that multiple crypto trading platforms have received similar treatment from the regulator.
Unlike enforcement measures that prohibit business activity or impose penalties, the Investor Alert List serves as a public notice intended to help consumers distinguish between firms regulated by MAS and those that are not. The regulator publishes the list to reduce the risk of investors mistakenly believing an entity operates under its supervision.
Singapore continues tightening crypto rules
The latest addition comes as Singapore continues tightening oversight of digital asset businesses.
In May 2025, MAS instructed crypto companies serving overseas customers from Singapore to either obtain the required licenses or stop operating. At the time, the regulator said the requirement was not a policy change but the end of a transition period after repeatedly communicating its regulatory position since 2022.
According to MAS, the directive closed a gap that had allowed some Singapore-based crypto businesses to avoid licensing requirements by restricting their services to overseas users.
The regulator also said the updated framework strengthens consumer protection while bringing Singapore’s crypto regime closer to international Anti-Money Laundering and Countering the Financing of Terrorism standards.
HYPE market remains focused on technical levels
While the regulatory development has put Hyperliquid back in focus, HYPE’s price action has remained centered on key technical levels rather than showing an immediate directional move tied to the announcement.
On the four-hour chart, Hyperliquid (HYPE) continues to trade inside a descending channel after rebounding from recent lows near $61. The token was changing hands around $65 at the time of analysis, testing the channel’s upper boundary, which has repeatedly acted as resistance during the recent correction.
Momentum indicators have shown tentative signs of improvement. The MACD has produced a bullish crossover with the histogram turning positive, while the RSI has recovered above the neutral 50 level, suggesting buying pressure has strengthened after several sessions of weakness.
Derivatives positioning also points to important price zones ahead. CoinGlass liquidation data shows one of the largest clusters of short liquidations between roughly $66 and $67, with additional leverage concentrated closer to $68. A move above those levels could trigger forced buying from short sellers.
On the downside, sizeable liquidation pools remain around the $63-$62 region, followed by support near $61. If the descending channel continues to hold, those levels could become the next areas where leveraged positions are tested.
For now, the technical picture remains mixed. Momentum has improved, but HYPE would still need a confirmed breakout above its descending channel to weaken the current bearish structure despite the recent recovery.
