Odaily Planet Daily News: Nasdaq-listed company Lion Group Holdings (LGHL) announced that it will convert approximately 6,629 SOL and approximately 1 million SUI held by it into Hyperliquid tokens HYPE in batches. It currently holds approximately 128,900 HYPE. The company said it will adopt a phased strategy to reduce volatility risk and optimize entry prices. After the news was announced, Lion Group's stock price rose by more than 11% that day and rose another 10% after the market, with a cumulative increase of nearly 20%. It is reported that Hyperliquid has occupied approximately 70% of the decentralized perpetual contract market, with a trading volume of US$383 billion in August, revenue of US$106 million, and a platform locked-in volume of approximately US$1.75 billion. (financefeeds)