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Summarize this article with:
The crypto market becomes less comfortable for Hyperliquid. JPMorgan believes the decentralized platform could lose some of its lead to regulated derivatives and new competitors. At the same time, interest in crypto-related HYPE ETFs slows after several weeks of strong inflows.
In brief
- JPMorgan anticipates stronger crypto competition around Hyperliquid.
- Flows to HYPE ETFs slow after record highs in May and June.
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