Thirty-five percent of affluent Americans aged 18 to 40 have withdrawn capital from financial advisers who do not offer cryptocurrency investment options, according to a survey by crypto payments firm Zerohash. More than half of those who switched advisers moved between $250,000 and $1 million. The findings highlight growing demand among younger investors for digital asset integration in wealth management portfolios.

Hyperliquid Strategies filed an S-1 registration statement with the SEC on Wednesday to raise up to $1 billion through a 160 million share offering. The company, formed from the merger of Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, plans to use proceeds for additional HYPE token purchases and corporate expenses. Upon completion, the entity will hold 12.6 million HYPE tokens valued at approximately $470 million, positioning it as the largest corporate holder of the token.