Bitwise researcher highlights CoreWeave stock price action on Hyperliquid after Nasdaq close

A social media post says Bitwise researcher Kam Benbrik compared $CBRS trading on Hyperliquid (decentralized perpetual futures exchange) with Nasdaq, arguing that price discovery continued on-chain after regular market hours.

Summary

A social media post states that Bitwise researcher Kam Benbrik showcased the price action of $CBRS since its IPO by comparing activity on Hyperliquid (decentralized perpetual futures exchange), via Trade.xyz, with Nasdaq. The quoted message says that when the market closes, price discovery moves on-chain, pointing to crypto-native venues that continue operating outside traditional exchange hours. The post does not provide additional figures, dates, or a broader dataset beyond the comparison and quoted remark.

Terms & Concepts
  • Price discovery: The process by which markets determine an asset’s value through ongoing trading between buyers and sellers.
  • On-chain: Activity recorded on a blockchain network, allowing trading or settlement to occur through blockchain-based infrastructure.
  • Hyperliquid: A crypto trading platform focused on perpetual futures (derivatives without expiry) that operates in a blockchain-based market environment.