Hyperliquid Seeks US Entry with Trump's Support Amid Price Volatility

US-based cryptocurrency Hyperliquid is poised to enter the US market after receiving a push from former President Donald Trump. However, despite this development, BonkGuy remains focused on attention flow rather than price fluctuations, saying 'judging the flow of attention is more important than chasing prices.'

The market's attention has been drawn to Wintermute and Galaxy Digital, which hold over $126 million in short positions on Hyperliquid. Meanwhile, Morgan Stanley's MSBT Bitcoin ETF has increased its holdings by about $28.3 million in Bitcoin over the past four days.

Another development that may impact the crypto space is the upcoming vote on the CLARITY Act on September 15, which could reduce an obstacle for cryptocurrency businesses. The National Sheriffs' Association has also shifted to a neutral stance, potentially alleviating some regulatory pressures.