Hyperliquid’s HIP‑3 Open Interest Skyrockets— Is 24/7 Tokenized Equity About To Rewrite Wall Street?
NewsBTC·60-word summary·1 min read
Hyperliquid’s HIP‑3 open interest neared $2.38 billion, mainly in tokenized stocks and commodities, not just crypto. Since January, open interest surged 580%, driven by traders using Hyperliquid’s permissionless perps for stock-like exposure with leverage. The platform’s growth indicates increasing institutional interest in tokenized assets and decentralized derivatives, with a potential market cap of $5 billion for full viability.
Charles Schwab has begun offering Bitcoin and Ethereum trading to its 46 million clients, managing $11.8 trillion in assets. This move aims to promote gradual crypto adoption among retail investors and could influence client asset allocation. The initiative may also prompt regulatory and competitive responses within the financial industry. The rollout marks a significant step in mainstream crypto integration.
Solana (SOL) traded near $88.93 on April 14, up 1.27% in 24 hours and 4.91% over the week, supported by strong on-chain activity and institutional interest. With a market cap of approximately $51.1 billion, SOL is the seventh-largest crypto, repeatedly testing the $90 level. Over $20 million in SOL short positions were liquidated recently, boosting market momentum.
XRP-backed ETFs experienced their strongest weekly inflow since mid-January, with significant flow increases over a few days, leading to a price rebound. This surge of institutional capital has renewed interest in XRP, though it remains uncertain whether this marks a temporary boost or the beginning of a sustained trend. The development highlights growing institutional engagement with XRP.
The SEC has filed charges against crypto executive Donald Basile for allegedly orchestrating a $16 million fraud involving false claims about an “insured” Bitcoin Latinum token. The lawsuit accuses Basile of misleading investors with false assurances related to the token’s insurance status, marking a significant enforcement action in crypto regulation as of April 2026.
Morgan Stanley launched a Bitcoin ETF featuring Arkham's on-chain wallet tracking, aiming to attract institutional investors. The ETF could influence Bitcoin's market dynamics and regulatory landscape, signaling growing mainstream acceptance of crypto investment products. The move marks a significant step in integrating blockchain analytics with traditional finance, potentially increasing transparency and security for investors.
Crypto markets entered a 'sustained' winter in Q1 2026, with market cap down 20.4% to $2.4 trillion. Trading volume declined 27.2% QoQ, hitting $117.8 billion daily. Binance maintained 37% market share, but overall volumes fell across top exchanges, with March volumes at their lowest since November 2023, signaling prolonged bearish sentiment.
