Morning Minute: Hyperliquid Is 'Bigger Than Nasdaq'
60-second summary
The founder of the modern NYSE claims Hyperliquid is larger than the Nasdaq, with its combined $1.5 trillion in daily trading volume surpassing the exchange's $1.2 trillion. JPMorgan notes the debasement trade is unwinding, as investors seek safety in assets like the US dollar and gold, potentially impacting cryptocurrency markets and stablecoins.
The man who built the modern NYSE just said Hyperliquid is bigger than Nasdaq. JPMorgan says the debasement trade is unwinding.