Gmeow. It's been a busy week at Hyperliquid, with the launch of an independent research and advocacy organization dedicated to promoting clear and regulated access to decentralized markets for Americans, as well as other news such as new employees and updates on HIP-3.

1. DreamCash Surges After Tether Partnership

Following their announcement and support from the CEO of Tether and new incentives, Dreamcash exploded with +220% volume, +800% users, and +188% revenue over the past 7 days on Builders Code. Season 1 officially launched on February 18: earn XP on the Dreamcash app/web (mobile boosted 2x), plus $200K USDT weekly rewards for 10 weeks on CASH HIP-3 markets. Additionally, season users keep their XP multipliers (up to 2.5x), and referrals.

2. HIP-3 Tokens and News

Cross margin for HIP-2 will arrive with the next network upgrade. It will need to be implemented by the HIP-3 deployer and will first be activated on a small pair that meets liquidity criteria. Cross margin, accompanied by portfolio margin, will reduce friction and allow for even greater volumes to be acquired.

New tokens were purchased, but for the first time since the very beginning of HIP-2, no token was purchased three times during the 31 hours of Dutch auctions over two weeks. You can see here: https://ytdumview.xyz/

3. Hyperliquid Launches Advocacy Arm in the US

Hyperliquid announced the creation of the Hyperliquid Policy Center, a non-profit research and advocacy organization dedicated to advancing a clear, regulated path for decentralized markets in the USA. 1 million $HYPE dedicated to this initiative. HPC will introduce policymakers to Hyperliquid and bridge the gap between law and next-gen market infrastructure. This is a major step forward for the defense of perps and DeFi in the United States, which will finally provide clear rules. Despite Trump's arrival in power, apart from extraction, not much has been put in place at the legal level, mainly because banks are doing everything they can to maintain their monopoly.

4. A New Employee at Hyperliquid

Sterling, formerly head of the BD ecosystem at Circle, has joined Hyperliquid Labs as BD to focus on the global expansion of construction builder.code. He highlighted that: Access crypto and tradfi perps via HIP-3, no partnership agreements, and fully customizable fee model.