Hyperliquid Strategies plans $30m buyback to boost HYPE-linked stock

Nasdaq is exploring the possibility of extending its trading hours to 23 hours a day in response to increasing investor demand, particularly in the cryptocurrency sector where trading occurs around the clock. This move acknowledges that many clients are already active during overnight hours, reflecting a shift in trading behavior influenced by the crypto market.

The U.S. Securities and Exchange Commission (SEC) has initiated a formal review of Nasdaq's proposal to list and trade tokenized stocks, marking a significant step in the integration of blockchain technology within traditional equity markets. This review will assess how these tokenized shares can coexist with equities cleared by the Depository Trust and Clearing Corporation (DTCC).

Crypto prices have declined significantly as of December 15, with Bitcoin trading around $86,000, reflecting a broader bearish sentiment in the market. The total cryptocurrency market capitalization has slipped by 1.1% to approximately $3.1 trillion, driven by low liquidity and rising liquidations across major altcoins such as ADA and LINK.

Hyperliquid has announced the pre-alpha launch of a portfolio margin system on its testnet, which integrates spot and perpetual trading to improve capital efficiency for traders. This development is a significant step forward for the decentralized exchange, enhancing the trading experience and supporting various strategies like carry trades.