Altcoins News
By Steven Anderson
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Cboe and CME Feel the Heat. If Hyperliquid does get a regulated US foothold, it won't be arriving into a vacuum.
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A Rare Winner in a Brutal Year for Digital Asset Treasuries. The digital asset treasury model has had a rough 2026.
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What a US Entry Actually Means. Hyperliquid operating without a US customer base has been a structural limitation.
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Hyperliquid Strategies stock exploded Wednesday. Shares of the Nasdaq-listed company surged 30.4%, blowing past the 18.
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The catalyst was Donald Trump. At a White House meeting, Trump flagged CFTC Chair Mike Selig as a key figure in getting Hyperliquid into the US market.
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If Hyperliquid does get a regulated US foothold, it won't be arriving into a vacuum. Cboe Global Markets and CME Group — two of the most established names in derivatives — both…
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And the reaction wasn't just about those two. Companies like TeraWulf, IREN, and Hut 8 — which had pivoted toward artificial intelligence earlier in the year and rallied on that…
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The digital asset treasury model has had a rough 2026. Most firms holding crypto on their balance sheets are sitting on losses, and the broader narrative around that strategy has…
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Shares are up over 163% this year. That's not a typo.
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Per Artemis data, only Hyperliquid Strategies and Hyperion DeFi have maintained unrealized gains among companies in the digital asset treasury space.
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Related: Trump Reveals CFTC Chairs Push to Bring Hyperliquid to U.S. Markets, HYPE Surges 11%
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Hyperion DeFi, ticker HYPD, is the other outlier. Both companies holding HYPE have managed to stay in positive territory while the rest of the sector has struggled.
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The divergence is hard to ignore. It's not just about which token a company holds — it's about what narrative surrounds that token at any given moment, and right now the…
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Hyperliquid operating without a US customer base has been a structural limitation. The platform has built a significant presence elsewhere, but the US market is a different scale…
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Unclear yet exactly what form that entry takes or what timeline is realistic. Trump's announcement was a signal, not a filing. There's no regulatory approval in hand.
The Currency Analytics
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