Flying Tesla Roadster Sparks 1,580% Surge in Tokenized TSLA Volume

Elon Musk unveiled a flying version of the Tesla Roadster—and with U.S. stock markets closed, traders didn't wait for the opening bell. Instead, they piled into Hyperliquid's TSLA perpetual contract, sending hourly volume up roughly 1,580%. The episode, hosted by CoinDesk's Jennifer Sanasie on "CoinDesk Daily," breaks down what the surge reveals about how investors now react to news. The takeaway is structural, not just anecdotal: round-the-clock crypto markets are increasingly the first place traders express views on traditional companies. When a headline breaks outside Wall Street hours, tokenized and perpetual products become the immediate outlet for price discovery, blurring the line between crypto trading and equity exposure. This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform, whose mission is to make digital asset investing accessible to a broader audience.