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Today's Brief/Monday, 8 June 2026/๐Ÿ“ˆ Stocks & Economy
๐Ÿ“ˆ Stocks & Economy๐ŸŒ Global

Bitcoin Is Crashing and a New Crypto Craze Called HYPE ETFs Is Taking Its Place

CNBCยทMonday, 8 June 2026

Bitcoin has fallen to its lowest price since 2024, rattling crypto investors. But in its place, a new type of investment is gaining buzz โ€” ETFs linked to Hyperliquid, a decentralised trading platform, whose token is called HYPE. Traders are betting that the next big crypto wave won't be Bitcoin but newer, utility-driven platforms.

Why It Matters

If you follow crypto or have money in Bitcoin, this slump matters. And if you've never heard of Hyperliquid, you're about to hear a lot more about it.

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