Hyperliquid pretty much brought all the good news together today: Coinbase taking over USDH-related assets, USDC becoming the core quoted asset of the ecosystem, and CBRS pre-market perpetual contracts driving trading activity to the max. This shift isn’t just about stablecoin switching—it’s Hyperliquid evolving from a Perp DEX into a full-fledged all-asset trading platform: USDC reserve yield return protocol, new trading categories like RWA, Pre-IPO, and prediction markets rolling out one after another, making it easier for the market to reprice the value capture of HYPE.