🔴 Hyperliquid Strategies is trading 4.6% down in pre-market as equities and cryptocurrencies retreat

Hyperliquid Strategies is trading at $11.69, down -4.55%, after a broad risk-off shift pressured equities and cryptocurrencies.

• S&P 500 and NASDAQ Composite futures are down 0.62% and 1.25%; BTC and ETH are down 1.22% and 1.36% since the previous close.
• Overnight reports: Hyperliquid is discussing U.S. access with Kraken parent Payward; the proposal remains subject to regulatory approval and does not explain the decline.
• September 1’s risk-off backdrop followed Japan’s 10-year yield reaching 3%, its highest level since 1996.