Key facts
- The HYPE token reached an all-time high of $76.50.
- Trading volume for tokenized SpaceX (SPCX) contracts on Hyperliquid has surged.
- Binance has launched tokenized SpaceX shares (bStocks) for trading.
- The SPCXB/USDT trading pair is now available on Binance.
- SpaceX stock rallied 12% following the tokenized share listing.
- SpaceX's market cap exceeded $3 trillion.
- Elon Musk became the world's first trillionaire.
- Hyperliquid, Uniswap, and Worldcoin are outperforming during a crypto slump.
- Bitwise withdrew its Bitcoin & Ethereum ETF filing.
- Bitwise purchased over $5 million worth of HYPE tokens.
- Bitwise's Hyperliquid ETF has seen significant inflows.
The HYPE token has achieved a new all-time high, reaching $76.50, driven by substantial trading volume in tokenized SpaceX (SPCX) contracts on the Hyperliquid platform. This development signals a potential shift in trading behavior, with a notable decline in trading volumes on centralized exchanges. Concurrently, Binance has introduced tokenized SpaceX shares, branded as bStocks, allowing for trading of the SPCXB/USDT pair. This listing has been accompanied by a 12% surge in SpaceX stock, elevating its market capitalization to over $3 trillion and positioning Elon Musk as the world's first trillionaire. In the current cryptocurrency market slump, Hyperliquid, Uniswap, and Worldcoin are demonstrating notable resilience. Hyperliquid, specifically, has experienced record highs and garnered significant institutional interest, evidenced by inflows into its exchange-traded funds (ETFs) and a surge in trading volume for innovative markets such as SpaceX perps. Crypto asset manager Bitwise has withdrawn its S-1 registration for a planned Bitcoin & Ethereum ETF, citing a lack of effectuated transactions. In parallel, Bitwise has intensified its engagement with the Hyperliquid (HYPE) token, acquiring more than $5 million worth of HYPE tokens and observing considerable inflows into its recently launched Hyperliquid ETF. This strategic shift by Bitwise underscores the growing traction of real-world asset perps and the Hyperliquid ecosystem.