Hyperliquid Strategies is trading 10.85% down at $10.56 after a broad crypto-market selloff. - Bitcoin is down 3.62% and Ethereum 6.66% since the September 14 close; the clearest immediate driver is sector-wide and macro risk aversion. - Stocks face pressure from elevated Treasury yields, oil prices, and Federal Reserve uncertainty. - Hyperliquid Strategies amended its equity financing terms on September 14 and filed a registration statement on September 15, which may add dilution concerns.