Bitwise’s Matt Hougan called it the “weekend that changed finance” as investors clambered onto Hyperliquid to trade the Israel-Iran conflict.

Ray Dalio said that gold is a better safe-haven asset in times of conflict compared to Bitcoin, and raised concerns about the cryptocurrency’s lack of privacy.

The offering could enable traders to bet on the stock performance of Nasdaq-100 companies such as Nvidia, Apple, Google and Tesla.

Elliptic’s initial tracing found many of the funds were sent to foreign crypto exchanges, potentially indicating capital flight from Iran amid rising uncertainty in the region.

Trump Media expanded into crypto in 2025 with its fintech brand Truth.Fi, creating a Bitcoin treasury, filing multiple crypto ETFs, and forming a partnership with Crypto.com.

X’s head of product, Nikita Bier, said the new paid promotion label is designed to help users monetize content while remaining transparent with followers.