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Hyper Foundation Backs New DC Lobby with 1M HYPE for Clearer DeFi Rules

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With Jake Chervinsky at the helm, the Hyperliquid Policy Center gives the perp DEX a formal policy foothold in Washington.

Hyperliquid, the largest on-chain perpetual futures exchange by trading volumes, said it is backing a new Washington-based policy organization with 1 million HYPE tokens (around $29 million at current prices), as crypto firms try to influence U.S. rules for decentralized finance.

According to a press release published today, Feb. 18, the so-called “Hyperliquid Policy Center” — or just HPC — received the tokens from the Hyper Foundation and plans to use them to produce research and lobby for practical regulations on decentralized markets. The foundation is an independent organization that supports the development of the Hyperliquid ecosystem, per the release.

“We will publish technical research, comment on proposed rules and legislation, and serve as a resource for policymakers who want to understand how DeFi really works,” the new organization said in an X post today.

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Jake Chervinsky, a long-standing crypto policy lawyer and former chief policy officer at the Blockchain Association, will lead the organization as founder and CEO.

“HPC exists to ensure that American entrepreneurs, consumers, and institutions have the regulatory clarity they need to build and benefit from the future of finance,” Chervinsky said in the release.

The Hyperliquid Policy Center also said it will “introduce lawmakers and regulators to Hyperliquid” and push for clear rules on DeFi.

Despite the news, HYPE is trading down 1% on the day at around $29.10, per CoinGecko data.

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In the past 24 hours, Hyperliquid processed nearly $5.4 billion in trades, and open interest on the platform currently stands at over $5 billion, per data from DefiLlama. Perps trading on Hyperliquid surged in 2025, with monthly volumes reaching an all-time high of nearly $400 billion in July.

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Monthly perp volumes and TVL on Hyperliquid. Source: DefiLlama

While the perp DEX mania that took off last year was mostly dominated by Hyperliquid, competitors like Aster and Lighter also saw rapid growth.

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XRP gains momentum as Arizona moves to add it to state crypto reserve

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XRP price nears key support
XRP price nears key support
  • XRP has held strong near $1.40 despite mixed market signals.
  • Key resistance levels to watch are $1.50, $1.54, and $1.91.
  • Arizona has proposed to include XRP in a state-managed crypto reserve fund.

XRP cryptocurrency has held steady above $1.40, showing resilience despite a broadly cautious market.

Recent developments in US policy have added a fresh layer of optimism for XRP enthusiasts.

Arizona advances bill to include XRP in state reserve

Arizona lawmakers are moving forward with legislation that could formally include XRP in a state-managed digital assets fund.

The proposal seeks to create a strategic reserve for digital currencies obtained through seizures or confiscations.

XRP, alongside Bitcoin (BTC), is explicitly listed as an eligible asset.

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The bill recently passed a key Senate committee in a 4-2 vote, marking a significant step forward.

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If enacted, the fund would be managed by the state treasurer with strict custodial oversight.

This move would make Arizona one of the first US states to formally reference XRP in a government financial framework.

For XRP holders, this development is largely symbolic.

The state would not be directly purchasing XRP with taxpayer money, but inclusion in the reserve adds credibility.

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It reinforces XRP’s reputation as a functional and settlement-oriented digital asset rather than just a speculative token.

Market activity signals caution

XRP’s short-term price action has been mixed.

The coin is supported around $1.40 to $1.44, creating a key floor that traders are watching closely.

Exchange outflows suggest accumulation by larger holders, while smaller whales have added to their balances, hinting at potential upward pressure.

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Technical indicators show both bullish and bearish signals.

Momentum oscillators suggest limited buying activity in the short term, but longer-term smart money metrics point to possible gains.

Patterns on the charts indicate that a break below $1.42 could trigger a short-term pullback toward $1.12.

At the same time, if support holds, traders could see upside targets near $1.91 and $2.13.

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XRP has been rangebound for the past month, but the combination of policy developments and structural market accumulation could push it higher.

XRP price prediction

Policy developments in Arizona, combined with accumulation patterns and technical support, may give XRP the momentum it needs to challenge its next resistance levels.

Traders should watch the $1.40–$1.44 support zone closely.

A strong hold here could set the stage for a breakout.

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The resistance levels to monitor are $1.50 and $1.54 in the near term.

Beyond that, the next targets are $1.67 and $1.91.

These levels align with smart money accumulation and historical trading ranges.

A sustained move above $2.00 could signal a return of broader bullish sentiment.

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Overall, XRP’s price is poised in a delicate balance.

Short-term caution is warranted, but medium-term prospects look promising.

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Riot Platform‘s AI/HPC Push could Net up to $21B, Says Stockholder

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Mining, Texas, Bitcoin Mining, AI

An activist Riot Platform shareholder is pressing the crypto mining company to accelerate its pivot to high-performance computing (HPC) and artificial intelligence.

In a Wednesday letter to executives, Starboard Value, which holds about 12.7 million shares of Riot, said that the company could generate between $9 billion to $21 billion in equity value contribution from AI/HPC data centers in Texas. The shareholder said that “time is of the essence,” stressing urgency in getting “more material deals completed” as it moves deeper into AI and HPC.

“With 1.4 [gigawatts] of gross capacity remaining to be monetized, Riot is in an enviable position – but it must execute with excellence and urgency,” said Starboard. “We believe Riot should be able to attract high-quality tenants for tier-3 data centers with terms similar to or better than the peer transactions announced towards the end of 2025.”

Mining, Texas, Bitcoin Mining, AI
Source: Starboard Value

Starboard referred to Riot’s primary sites in Corsicana and Rockdale, Texas, where other crypto miners also operate due to low energy costs and friendly regulations.

At Wednesday’s Nasdaq market open, Riot’s share price surged and were up by almost 6%, at the time of publication. Industry tracker CoinShares Bitcoin Mining ETF was down less than 1%, by comparison.

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Related: Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi

“The recently announced transaction with Advanced Micro Devices […] is a positive signal and confirms our views regarding the intrinsic value of Riot’s key sites, but it is a small proof of concept deal, and we, like you, expect significantly more,” said Starboard, referring to a data center lease and services agreement announced in January.

Many mining companies pivoting away from crypto

Riot Platforms is not the only crypto company shifting some of its operations into AI and HPC amid increasing mining difficulty and other costs. CleanSpark, MARA Holdings, Core Scientific, Hut 8, and TeraWulf repurposed some of their infrastructure or announced similar plans in a move toward AI.

Cango, another Bitcoin miner, sold $305 million worth of its BTC holdings last week in part to fund its planned expansion into AI and HPC.

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