SEC turn on tokenized stocks + USDC money wey dey enter push Hyperliquid HYPE

Hyperliquid HYPE don climb about 24% for six days and e dey trade near $47.6–$47.8, as say reported change wey SEC fit do fit open door make third-party dem tokenise stocks without issuer permission. Traders dey see am as better gbege for tokenized-stock venues and derivatives infrastructure wey connect to Hyperliquid. For stablecoin side, the article highlight Coinbase–Circle USDC arrangement inside Hyperliquid “Aligned Quote Asset” framework. HYPE fit collect up to about 90% of reserve income from USDC deposits. With platform USDC balances pass $5B, estimates show possible HYPE buyback flows around $135M–$160M every year, and e fit more if deposits still dey grow. The piece also mention record real-world asset (RWA) open interest near ~$2.6B. Demand catalysts dey add momentum: Bitwise BHYP ETF start trade for NYSE on May 15, and the article talk say 10% of management fees go use to buy and hold spot HYPE and stake am on-chain. E also note strong fee contribution (about 40% of blockchain fees last week) and HYPE don move into top-10 non-stablecoin altcoins by market cap. On-chain/technical checks remain constructive. One wallet wey people dey attribute to Andreessen Horowitz reportedly add about 372,000 HYPE for short time. Traders dey watch cup-and-handle setup with resistance levels near ~$48.74, $50.52, and cycle ceiling around ~$55. Bullish view go strong if daily close pass ~$48.74, but e go lose steam if e break below ~$46.03. For HYPE traders, market story straightforward: regulatory clarity for tokenized equities plus USDC-driven reserve income dey reinforce near-term upside bias, while technical levels dey define the risk points.