Hyperliquid Strategies is expanding its equity financing agreement with Chardan Capital Markets by USD 1.5 billion. The capital raised is intended to strengthen its treasury strategy focused on purchasing the HYPE token, with the move coming during a period of increased market interest triggered by statements from U.S. President Donald Trump regarding regulation of the platform.

Russia is preparing to introduce a regulated framework for cryptocurrency trading, and Sberbank estimates that trading on regulated exchanges could reach up to USD 46 billion during the first year. It is estimated that only around 20% of the country’s currently estimated cryptocurrency transaction volume could move to regulated exchanges, suggesting that the new system is more likely to formalise part of existing activity than to create an entirely new market.