Arthur Hayes set a $150 price target for Hyperliquid\'s HYPE token and said it could overtake Solana before the current bull run ends. He pushed back against talk of a broader crypto downturn, saying high-risk altcoins were still in an uptrend. Hyperliquid has repurchased HYPE with more than $1.16 billion through a buyback program, while Hyperliquid Strategies reported quarterly profit of $152.5 million.

Asset manager VanEck has launched the first U.S. spot exchange-traded fund linked to Binance Coin (BNB). The ETF, ticker VBNB, allows U.S. investors to gain exposure to BNB through traditional brokerage accounts in an exchange-traded product structure. VanEck said the physically backed fund holds BNB kept in cold storage by a qualified custodian and is designed to track the spot price, with potential staking subject to regulatory and legal requirements.