Analyzing HIP-4: Hyperliquid and Kalshi Join Forces to Reshape On-Chain Prediction Markets Recently, Hyperliquid has been quite active, with HIP-3 allowing anyone to create perpetual contract markets, followed by a heated discussion about stablecoin bidding. Now, they have thrown out a heavyweight proposal—HIP-4, preparing to formally enter the prediction market. This is not just about adding a new feature; behind it lies Hyperliquid's grand ambition to evolve from a purely perpetual futures exchange to a deeper, more modular financial infrastructure. Let's take a closer look at what HIP-4 is, what it aims to do, and how it will disrupt the landscape of prediction markets. Hyperliquid Joins Forces with Kalshi Hyperliquid is already the absolute leader in the on-chain perpetual futures space, holding nearly 80% of the market share. However, any successful project must seek new growth points. HIP-4 is a key step they are taking. One of the most interesting aspects of the HIP-4 proposal is that one of its authors, John Wang, comes from Kalshi—a centralized prediction market strictly regulated by the CFTC in the United States. 2025 #美联储降息25个基点# #BTC战略储备市场影响# #XRP ETF上线#

Analyst Bitcoin may retest the $120.000 level #Fed Cuts Rates By 25 Bps# #BTC Reserve Market Impact# #XRP ETF Goes Live# #pi#