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 approved by the country’s financial regulator.
Summary
- MAS has added Hyperliquid to its list of Investor Alerts, while clarifying that the move is not an enforcement action.
- Hyperliquid says it has never claimed to be licensed by MAS and that its license-free infrastructure remains intact.
- HYPE continues to trade within a descending channel, with technical indicators showing momentum development despite regulatory attention.
According to the Monetary Authority of Singapore (MAS), the entries added on Friday include the Hyper Foundation website and the Hyperliquid trading application.
The regulator described the Investor Alert List as a consumer protection measure that identifies businesses that may be mistakenly considered licensed or regulated by MAS. It also clarified that listing does not constitute a ban or enforcement action.
In response to the June 26 X post, Hyperliquid said its permissionless infrastructure remains unchanged and has never been seen as a MAS official. The forum added that it remains committed to working constructively with regulators and institutions while supporting clear regulatory frameworks for on-chain finance.
Hyperliquid says the listing does not change its operations
While the MAS listing has drawn attention to trading, Hyperliquid continues to be ranked among the largest decentralized trading platforms. According to CoinGecko, it is currently the ninth largest exchange in terms of trading volume, while DefiLlama estimates that the protocol protects about $5.7 of the total value locked.
Earlier this month, MAS also added Bybit to its investor alert list. KuCoin and Bitget have already been included, indicating that many crypto trading platforms have received the same treatment from the regulator.
Unlike enforcement measures that prohibit business activity or impose fines, the Investor Notice List serves as a public notice intended to help consumers distinguish between firms regulated by the MAS and those that are not. The regulator publishes the list to reduce the risk of investors mistakenly believing that the entity is operating under its supervision.
Singapore continues to tighten crypto regulations
The latest additions come as Singapore continues to tighten oversight of digital goods businesses.
By May 2025, MAS ordered crypto companies serving international clients from Singapore to obtain the necessary licenses or cease operations. At the time, the regulator said the requirement was not a policy change but the end of the transition period after repeatedly stating its regulatory position from 2022.
According to MAS, the order closed a loophole that had allowed some Singaporean crypto businesses to avoid licensing requirements by limiting their services to overseas users.
The regulator also said the revised framework strengthens consumer protection while bringing Singapore’s crypto regime closer to international Anti-Money Laundering and Countering the Financing of Terrorism standards.
The HYPE market remains focused on technical levels
Although regulatory developments have brought Hyperliquid back into focus, HYPE’s price action remains focused on key technical levels rather than reflecting the rapid movement associated with an announcement.
On the four-hour chart, Hyperliquid (HYPE) continues to trade within a bearish channel after rebounding from recent lows near $61. The token was changing hands around $65 at the time of analysis, testing the upper boundary of the channel, which has repeatedly served as resistance during the recent correction.
The pressure indicators showed signs of improvement. The MACD produced a bullish crossover with the histogram turning positive, while the RSI recovered above the neutral 50 level, suggesting that buying pressure has intensified after several periods of weakness.
The position of the derivative points to key price points ahead. CoinGlass completion data shows one of the largest clusters of short completions between $66 and $67, with an additional estimate centered around $68. A move above those levels may result in forced buying for short sellers.
On the downside, major closing pools remain around the $63-$62 region, followed by support near $61. If the descending channel continues to hold, those levels may be the next areas where higher positions are tested.
For now, the technology picture remains mixed. Momentum has improved, but HYPE will still need a confirmed breakout above its descending channel to weaken the current bearish formation despite the recent recovery.
