Hyperliquid Strategies Announces Financial Report: Spends $129.5 Million to Purchase 5 Million HYPE Tokens, Still Holds $125 Million in Cash Reserves

February 11 Financial Times (FT) reported on January’s non-farm payrolls (NFP) data, noting the U.S. economy added 130,000 new jobs—far exceeding market expectations. The figure signals an improvement in the U.S. labor market, following a string of weak prior readings. U.S. Treasury yields surged as investors pared back expectations for interest rate cuts this year. The two-year Treasury yield—highly sensitive to monetary policy—jumped to 3.55%, hitting a one-week high. The unemployment rate edged down to 4.3%. After years of robust growth, U.S. hiring slowed sharply in 2025. A batch of new reports released last week highlighted rising layoffs and falling job openings, suggesting the labor market could deteriorate further. However, the latest NFP data will reinforce Federal Reserve Chair Jerome Powell’s claim that the labor market is showing signs of “stabilization.” (Source: FXStreet)

February 11 — Per HTX Market Data, Bitcoin briefly climbed more than 1% to around $67,500 following the release of U.S. nonfarm payrolls and unemployment rate figures. U.S. Treasury bonds broadly declined across the curve after the jobs data was published. Earlier reports showed the U.S. January seasonally adjusted nonfarm payrolls increased by 130,000, far exceeding the market’s 70,000 estimate and marking the largest monthly gain since Q4 2025. The January unemployment rate came in at 4.3%, slightly below the 4.4% forecast and prior reading of 4.4%.

February 11: Traders have fully priced in a Fed rate cut for July, having previously anticipated the cut in June. (Xinhua News Agency)

February 11: U.S. January Nonfarm Payrolls Rise 130K vs. 70K Expected; Prior Revised Down to 48K (from 50K) - Forex Factory

On February 11, CoinDesk reported that several industry insiders have noted the recent crypto market slump is a **traditional finance-driven event** rather than a crypto industry crisis. As yen interest rates climb, borrowing costs rise—and heightened volatility has pushed margin requirements higher. For instance, margin requirements for metal trading have jumped from 11% to 16%, forcing some traders to liquidate positions. This has exerted downward pressure on cross-market risk assets—not just crypto. While Bitcoin ETFs saw active trading amid the slump, industry insiders emphasize this does not signal a full-scale exodus of institutional investors. Emma Lovett, Head of DLT Credit at JPMorgan Markets, noted that a more lenient U.S. policy landscape is fueling experiments ranging from private chains to public chains and stablecoin settlements. By 2026, the integration of traditional finance (TradFi) and crypto infrastructure is expected to deepen further.