Hyperliquid Strategies filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday to raise up to $1 billion through a public stock offering. The digital asset treasury company plans to use proceeds to acquire HYPE tokens and expand its holdings in the Hyperliquid ecosystem. Chardan Capital Markets will advise on the transaction.

XRP declined more than 2.5% over the past 24 hours to trade around $2.1842, erasing most of its early-week gains. Ripple CTO David Schwartz clarified that his advisory role with Evernorth, a newly launched XRP treasury firm planning to raise over $1 billion through a Nasdaq listing, will be limited in scope and duration.

Major cryptocurrency holders accumulated approximately 13 million Chainlink (LINK) tokens over the past week, data show. Decentralized fixed-income platform Treehouse integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable asset transfers across multiple blockchain networks. LINK traded at $17.45 with a 24-hour volume of $1.2 billion at the time of reporting.

Ethereum traded near $3,800 on October 22, down nearly 18% from above $4,700 in early October. Technical indicators showed 19 of 30 signals in sell territory, with the Fear & Greed Index at 25 (Extreme Fear). The RSI at 41.62 suggested the selloff may be nearing exhaustion.

Hong Kong's Securities and Futures Commission has approved the region's first Solana spot ETF, to be issued by ChinaAMC. The product will begin trading on October 27 under ticker 3460, making Solana the third digital asset after Bitcoin and Ethereum to receive ETF approval in Asia. The fund will charge a 0.99% annual management fee and will be denominated in Hong Kong dollars, Chinese yuan, and U.S. dollars.

Evernorth announced a SPAC merger exceeding $1 billion in October, positioning the entity as the largest publicly traded XRP treasury globally. The firm is targeting a Nasdaq debut under ticker XRPN in early 2026. Ripple's $1 billion acquisition of GTreasury aims to integrate Fortune 500 treasury infrastructure with the XRP Ledger for corporate cross-border settlements.