The article argues that the AI boom could cool, while nearly a dozen top cryptocurrencies have risen more than 100% this year. Hyperliquid (HYPE) is up 220% for the year and is estimated to control as much as 70% of the perpetual futures market on decentralized exchanges, but it remains off-limits to U.S. investors, and the Bitwise Hyperliquid ETF (BHYP) has traded since May. Zcash (ZEC) is up 136% year to date with a market cap of about $20 billion, and the Grayscale Zcash ETF (ZCSH) surpassed $1 billion in assets under management within its first 30 days. The article cautions that growth is not guaranteed: Hyperliquid needs approval to operate in the U.S., while Zcash is still about 80% below its 2016 highs.
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