#SaylorHintsAtMoreBTC

Singapore Authority Adds Hyperliquid to Investor Alert List
The Monetary Authority of Singapore (MAS) has officially added the decentralized derivatives platform, Hyperliquid, to its Investor Alert List.
Responding to the release of the list on Friday, June 26, Hyperliquid immediately issued a written statement that the inclusion of their name is a form of warning for consumers, not an operational ban, enforcement action, or finding of legal violations.
​Hyperliquid emphasized that from the beginning, they have never claimed to have a license from MAS.
As a permissionless financial infrastructure provider, Hyperliquid operates entirely on the blockchain network, where users maintain full control over their assets through self-custody.
Although the protocol can still process transactions and settle trades on-chain, this step by MAS was deliberately taken to educate the Singaporean public not to misinterpret the platform's free access as a form of local regulatory protection.
​This regulatory pressure comes amid Hyperliquid's massive growth, where its native token, HYPE, successfully broke into the top ten global crypto assets with a market capitalization of $15.68 billion.
This growing operational scale is beginning to attract the attention of global regulators, after the UK also issued a similar warning previously.
Furthermore, the no-KYC access model adopted by Hyperliquid had previously received praise from Changpeng Zhao, before he eventually warned of legal limitations that could potentially spark regulatory debate in the future.