Hyperliquid treasuries stand alone in profit as legacy crypto DATs bleed billions

60-second summary

Hyperliquid treasuries are currently standing alone in profit amidst the crypto market downturn, while legacy crypto derivatives, such as DATs, are bleeding billions in value. Strategy and Bitmine, major treasury firms, have seen their paper gains evaporate as crypto prices continue to slide, with Bitcoin and other major coins experiencing significant losses.