The fastest horse among major cryptos keeps running.
The native token of popular blockchain-based exchange Hyperliquid (HYPE) broke above $76 to a fresh record early Tuesday, surging another 13% over the past 24 hours.
While most of the crypto market struggled in 2026, HYPE is up nearly 200% this year and lately has enjoyed attention even from outside of crypto circles.
Hyperliquid ETFs attracted $178 million inflows since their debut last month, while bitcoin and ether counterparts endured relentless selling. Hyperliquid Strategies, a digital asset treasury run by Wall Street investment veterans, has also been a buyer.
The broader bet is that Hyperliquid could be a financial juggernaut to trade all kinds of assets from cryptos, commodities, stocks and even private companies ahead of IPO.
The spread between the two most popular U.S.-listed bitcoin perpetual preferred stocks, Strategy's (MSTR) STRC and Strive's (ASST) SATA, has widened to its largest level on record.
SATA is currently trading at $99.99, after briefly reaching its $100 par value on Monday. The stock is essentially flat on the day, down just 0.02%. Meanwhile, STRC is down about 1%, trading at $94.15.
The price gap between the two securities now stands at $5.78, the widest since both began trading. The divergence has continued due to SATA transitioning to daily dividend payments, while STRC moved to a twice-monthly distribution schedule.
On yield, SATA currently offers 13%, compared with 11.5% for STRC.
However, STRC's one-month volume-weighted average price (VWAP) sits at $97.07. Under the terms of the security, Strategy will have to raise STRC's dividend rate in an effort to bring the stock back toward its target trading range.
Robinhood (HOOD) shares rose more than 2% in premarket trading after the company announced a 10% reduction (300 positions) in its full-time workforce and the closure of a small number of open positions.The move is part of management's effort to maintain a high-performance culture, accelerate product development, and operate more efficiently. Robinhood expects to incur approximately $20 million in restructuring-related cash charges, including about $8 million tied to share-based compensation. These costs are expected to be recognized in the second quarter of 2026.Robinhood joins a growing list of financial tech companies that have announced workforce reductions in recent months, including Block (XYZ) and Coinbase (COIN).
The surge in interest rates appears to be taking a bite out of the housing market.
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