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Crypto

Bitwise BHYP Hyperliquid spot ETF hits $40 million AUM in 8 days

Bitwise's Hyperliquid spot exchange-traded fund, BHYP, reached $40 million in assets under management eight trading days after listing on the New York Stock Exchange. CEO Hunter Horsley said early trading volume hit about $12 million in the first 90 minutes. Bitwise reported $30.5 million AUM after five days. On-chain data firms reported heavy HYPE buying, while a whale wallet opened a 10-times long position.

Crypto

Binance XRP liquidity hits lowest in five years, volatility may rise

XRP liquidity on Binance has fallen to its lowest level since January 2020, with the 30-day liquidity index slipping to about 0.043. The decline suggests thinner market depth, making prices more sensitive to large orders, CryptoQuant said. Binance XRP reserves also fell to about 2.7 billion tokens from about 3.0 billion when prices were above $3. The market is also watching wallet activity linked to Ripple co-founder Chris Larsen.

Finance

SK Hynix market cap tops $1 trillion, second in Korea after Samsung Electronics

SK Hynix has surpassed a $1 trillion market capitalisation for the first time, becoming the second listed company in South Korea to do so after Samsung Electronics. SK Hynix shares rose 9.41 percent to 2,245,000 won as of 9:10 a.m. on May 27, the Korea Exchange said. Its market value expanded to 1.60 quadrillion won, equivalent to about $1.06 trillion at an exchange rate of 1,503.10 won per dollar.