Overview
- President Trump announced U.S. strikes on Iran at 2:30 a.m. ET, with major Western equity, futures and FX venues closed, pushing traders to crypto platforms for real-time pricing.
- Bloomberg cited Hyperliquid’s crude oil perpetual contract as a primary price gauge during the off-hours reaction.
- Hyperliquid handled roughly $11.5 billion in weekend volume while its HYPE token rose about 30%, reflecting heightened interest in the venue.
- Tokenized assets drew heavy flows, with Tether Gold (XAUT) topping $300 million in 24-hour volume and prediction markets Kalshi and Polymarket setting new highs.
- Hougan urged institutions to onboard stablecoin rails as traditional operators respond, with Nasdaq moving toward 23/5 trading and ICE/NYSE outlining a 24/7 blockchain platform that remains under development.