Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze

Hyperliquid's HYPE token surged 5% amid increased revenue from Iran conflict-related trading activity and accelerated token burns. Jupiter (JUP) also gained momentum following the announcement of a supply freeze on new token emissions, as traders focus on altcoins with supply compression narratives while Bitcoin remains range-bound between $60,000-$69,000.