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Hypercent Launchpad is a launchpad on Kadena. It helps projects build and launch by providing developers with a blueprint project, an SDK, and a CLI app.
Hyperliquid Strategies Increases Equity Funding Facility to $2.5 Billion
Odaily Odaily News: Nasdaq-listed digital asset treasury company Hyperliquid Strategies has increased its equity funding facility with New York investment bank and broker-dealer Chardan Capital Markets from $1 billion to $2.5 billion. The agreement allows Chardan to purchase newly issued common shares of Hyperliquid Strategies in stages, subject to conditions such as pricing and trading volume, and resell them on the public market.Hyperliquid Strategies has previously raised $647 million through this funding mechanism and expanded its treasury holdings to approximately 29.3 million HYPE tokens. The $2.5 billion figure represents the maximum capacity of the facility, not the amount already raised; the company's ability to obtain funds by issuing new shares may dilute existing shareholders' equity.Hyperliquid Strategies stated that although it shares the same name as Hyperliquid and holds its native token, it operates independently and has no affiliation with Hyperliquid. (Cointelegraph)
HYPE Treasury PURR Increases Equity Financing Commitment to $2.5 Billion and Sets Cap on Discounted Secondary Offerings
US-listed Hyperliquid Strategies Inc. (PURR), the HYPE treasury company, has amended its ChEF Purchase Agreement with Chardan Capital Markets, increasing the total committed amount for newly issued common shares from $1 billion to $2.5 billion. The amended agreement introduces a new trading cap mechanism: once cumulative sales exceed $1 billion, if the offering price falls below $12.02 per share, additional issuances will be capped at 42,641,847 shares, representing 19.99% of the outstanding shares prior to the amendment. Any additional issuances exceeding this cap require shareholder approval in accordance with Nasdaq rules, aimed at mitigating the dilutive impact on existing shareholders caused by low-priced offerings.
PURR price rises 15%, Hyperliquid Strategies discloses $1.9 billion HYPE reserve
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)
Bitwise CIO: Five Structural Changes Bolster the Bull Case for the Crypto Market
According to Bitcoin.com, Bitwise Chief Investment Officer Matt Hougan stated that the bullish thesis for 2026 is more fundamentally grounded than the crypto market cycles of 2014, 2018, and 2022, primarily driven by five structural changes: the advancement of regulatory frameworks, the scaling of stablecoin adoption, the tokenization of real-world assets, protocol tokens generating genuine revenue supported by buyback and burn mechanisms, and the demand for currency debasement triggered by expanding sovereign debt. Hougan noted that the total stablecoin market capitalization surpassed $300 billion by mid-2026, with steady usage across trading, payments, cross-border remittances, and settlements; meanwhile, asset tokenization is progressively transitioning from experimental phases into regulated financial infrastructure. He also highlighted Hyperliquid as a prime example, noting that the protocol generated over $800 million in revenue last year, allocating roughly 99% of it toward buybacks and burns of the HYPE token. On Bitcoin, Hougan suggested that rising government borrowing levels could further cement its role as a hedge against currency debasement, though he emphasized that the associated valuation models represent scenario analyses rather than definitive price forecasts.
EntropyIO completes $14 million funding round with $40 million in HYPE staking support
EntropyIO announced the completion of a $14 million funding round, led by Ribbit Capital, along with $40 million in HYPE staking support. The first batch of markets has gone live on Hyperliquid.EntropyIO stated that it has launched the first liquid Anthropic trading market and plans to further expand into assets such as Pre-IPO startups, computing resources, public companies, and global indices to enable around-the-clock trading.Team members come from Citadel Securities, Optiver, Polymarket, and Millennium, and have developed a liquidity-weighted oracle that dynamically adjusts external oracle price weights based on executable market depth, aiming to improve price discovery and liquidity for new asset classes.
Analysis: PONS ranks 13th in revenue over the past 30 days, with a valuation-to-revenue ratio only about one-tenth of PUMP's
According to Odaily, Blockworks Research analyst AJC stated that over the past 30 days, PONS ranked 13th in crypto market revenue, yet its FDV/Revenue multiple stands at just 0.7x—the lowest among the top 15 tokens by revenue.For comparison, CARDS, PUMP, CAKE, AAVE, HYPE, and LINK have FDV/Revenue multiples of approximately 2.8x, 7.7x, 9.6x, 45.2x, 168.5x, and 212.2x, respectively. AJC believes that PONS' current valuation relative to its revenue level is significantly lower than that of other high-revenue protocols.
Payward Plans to Offer Onchain Perpetual Contract Trading to U.S. Users via Hyperliquid
Cryptocurrency exchange Kraken's parent company, Payward, plans to offer onchain perpetual contract trading to U.S. users through Hyperliquid. Its Bitnomial exchange, which is regulated by the U.S. Commodity Futures Trading Commission, will create and manage the relevant markets, and the plan is still pending regulatory approval.Customer accounts will be hosted by NinjaTrader Clearing and will be limited to users who pass its whitelist review with Bitnomial. Digital asset management firm Grayscale said that if the relevant markets pay protocol fees to Hyperliquid, the new trading activity could increase funds for HYPE token purchases. (Bitcoin.com News)
Caixin: HyperLiquid Pricing Chinese Assets, Emerging Offshore Exchange Challenges Global Financial Regulation
According to Caixin News, HyperLiquid has been quietly rising in the overseas crypto scene for some time, but the real catalyst that sparked widespread discussion in the domestic market was neither the massive airdrop of HYPE tokens (referring to projects distributing tokens to users for free to promote initiatives or reward early supporters) nor the crude oil contracts ignited by Iran's geopolitical conflicts in February 2026, but rather the contracts involving the Chinese asset ChangXin Memory Technologies (CMXT), highlighting how emerging offshore exchanges are challenging global financial regulation.
738,600 USDC Transferred Out, Hyperliquid User Account Compromised with Over 10,000 HYPE Unstaked
Odaily News – A Hyperliquid user's account was compromised through unauthorized access, with approximately 738,600 USDC transferred out and an additional 10,287 HYPE unstaked. The affected account is identified by a specific address, with some of the stolen funds flowing to an address suspected to be associated with Bitget. As of the time of verification, the 10,287 HYPE remained in the staking balance and had not yet entered the withdrawal queue. If the attacker proceeds to initiate cWithdraw, the affected assets would be further transferred after a 7-day waiting period. In two similar recent cases, staked assets were stolen a second time due to the lack of a user-triggerable emergency pause mechanism, resulting in losses exceeding $1.1 million. Relevant recommendations include introducing a Guardian or Recovery mechanism that users can pre-enable, which would only temporarily pause withdrawals, transfers, and authorization changes. The pause would expire automatically, and restoration would require a time lock and evidence review, with all actions recorded on-chain.
Polymarket Launches Crypto Perpetual Contracts with Up to 20x Leverage
Odaily News - Prediction market platform Polymarket launched its perpetual contract product, Polymarket Perps, on September 3. The initial offering covers 10 contracts including Bitcoin, Ethereum, Solana, HYPE, Gold, Silver, WTI Crude Oil, S&P 500, Nasdaq 100, and a contract tracking SpaceX stock, expanding to 67 markets within hours.The product has no expiration date, with contract prices continuously tracking the underlying assets. It maintains anchoring to spot prices through funding rates settled hourly, with funding rate caps at 4% per hour in both directions. Cryptocurrencies, the S&P 500, crude oil, gold, and silver support up to 20x leverage, while individual stocks and other real-world assets support up to 10x.U.S. traders are unable to place Perps orders and will be directed to Polymarket US, which is regulated by the Commodity Futures Trading Commission (CFTC). This arrangement stems from Polymarket's 2022 settlement with the CFTC, in which the company was fined $1.4 million for operating an unregistered swap execution facility and was required to cease related non-compliant contracts. (Decrypt)
Bitwise CIO: Five Structural Changes Bolster the Bull Case for the Crypto Market
According to Bitcoin.com, Bitwise Chief Investment Officer Matt Hougan stated that the bullish thesis for 2026 is more fundamentally grounded than the crypto market cycles of 2014, 2018, and 2022, primarily driven by five structural changes: the advancement of regulatory frameworks, the scaling of stablecoin adoption, the tokenization of real-world assets, protocol tokens generating genuine revenue supported by buyback and burn mechanisms, and the demand for currency debasement triggered by expanding sovereign debt. Hougan noted that the total stablecoin market capitalization surpassed $300 billion by mid-2026, with steady usage across trading, payments, cross-border remittances, and settlements; meanwhile, asset tokenization is progressively transitioning from experimental phases into regulated financial infrastructure. He also highlighted Hyperliquid as a prime example, noting that the protocol generated over $800 million in revenue last year, allocating roughly 99% of it toward buybacks and burns of the HYPE token. On Bitcoin, Hougan suggested that rising government borrowing levels could further cement its role as a hedge against currency debasement, though he emphasized that the associated valuation models represent scenario analyses rather than definitive price forecasts.
Hyperliquid is pushing to enter the US regulated market, potentially intensifying competition with platforms like Coinbase.
According to Fortune, Hyperliquid is accelerating its push into the US regulated market, with its affiliated publicly traded company, Hyperliquid Strategies, actively advancing its domestic compliance operations. Fortune noted that Hyperliquid has already established a strong market presence in perpetual contract trading and utilizes platform fee revenue to buy back and burn HYPE.
A new wallet received 110,000 HYPE tokens and immediately fully staked them, valued at approximately $9.73 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 110,000 HYPE (approximately $9.73 million) from another wallet and immediately staked all of the tokens upon receipt.
Variational "Second-Largest Leaderboard Trader": Will Never Sell VAR at TGE, Will Add to Both Spot and Futures Positions
an0n2498.hl, the whale ranked second by total trading volume on Variational, posted on X: "I have barely sold any HYPE, and I don't plan to sell any more. I will absolutely never sell any VAR. Instead, I will buy heavily into spot at TGE, and I will also open a long-term long position on VAR. My bullishness on VAR is simply beyond words."It is worth noting that an0n2498.hl previously received $15 million worth of HYPE in the Hyperliquid airdrop.
Worth $8.01 million, FalconX transferred 96,600 HYPE to Coinbase
According to Onchain Lens monitoring, FalconX transferred 96,600 HYPE from its hot wallet to Coinbase, worth $8.01 million.
A smart money address allegedly deposited $11.77M HYPE into Kraken within 10 days, achieving a return rate of 2214%.
According to monitoring by Ai Yi, a smart money address (0x13d…cfa8a) with a cost basis as low as $3.87 allegedly reduced its position by approximately $11.77 million worth of HYPE within 10 days. Since September 28, the address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56, which would yield a profit of $11.26 million if sold, reaching a return rate of 2,214%.
Multicoin Transferred 760,580 HYPE Worth $62.99 Million to Coinbase Prime Over the Past 4 Weeks
Odaily News: According to Onchain Lens monitoring, Multicoin has once again deposited 67,500 HYPE worth $5.92 million into Coinbase Prime; over the past 4 weeks, it has cumulatively transferred 760,580 HYPE worth $62.99 million to Coinbase Prime.
HyperLabs redeemed 3.75 million HYPE tokens and completed an OTC transfer to institutional investors.
According to on-chain analyst Ember (@EmberCN), Hyperliquid's development team HyperLabs successfully redeemed 3.75 million HYPE tokens (approximately $332 million) 8 hours ago. After being distributed across five wallets and consolidated to address 0x875...1d1, this address is suspected to belong to an institution that purchased the tokens from the team via OTC. Of the total, 1.25 million HYPE tokens (approximately $110 million) have been deposited back into staking, while the remaining 2.5 million HYPE tokens (approximately $220 million) remain in the wallet. Project members had previously revealed on Discord that upon redemption, this batch of tokens would be allocated to team members and subsequently sold to an institution via OTC.
738,600 USDC Transferred Out, Hyperliquid User Account Compromised with Over 10,000 HYPE Unstaked
Odaily News – A Hyperliquid user's account was compromised through unauthorized access, with approximately 738,600 USDC transferred out and an additional 10,287 HYPE unstaked. The affected account is identified by a specific address, with some of the stolen funds flowing to an address suspected to be associated with Bitget. As of the time of verification, the 10,287 HYPE remained in the staking balance and had not yet entered the withdrawal queue. If the attacker proceeds to initiate cWithdraw, the affected assets would be further transferred after a 7-day waiting period. In two similar recent cases, staked assets were stolen a second time due to the lack of a user-triggerable emergency pause mechanism, resulting in losses exceeding $1.1 million. Relevant recommendations include introducing a Guardian or Recovery mechanism that users can pre-enable, which would only temporarily pause withdrawals, transfers, and authorization changes. The pause would expire automatically, and restoration would require a time lock and evidence review, with all actions recorded on-chain.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Euler takes over operations of HypurrFi's Mewler market, HypurrFi to gradually shut down and complete migration
Euler Finance announced it will take over the maintenance and operation of the Euler contract stack known as Mewler under HypurrFi on the Hyperliquid EVM. The relevant infrastructure is undergoing a smooth transition, with Clearstar Labs continuing to serve as the risk manager for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets are scheduled to gradually wind down and undergo orderly liquidation over the coming weeks. However, all existing markets remain solvent and fully operational, with no security vulnerabilities or emergency parameter adjustments.During the migration process, new borrowing functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 can still be used for liquidity provision to allow borrowers to gradually unwind their positions. Euler emphasized that its isolated lending architecture on HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs.The HypurrFi team stated that user deposits, positions, and collateral assets remain fully secure. This adjustment is an active strategic migration, not a security incident or protocol failure. According to the plan, Euler Prime and Yield markets will become the primary entry points for lending and yield markets on HyperEVM moving forward. The HypurrFi brand will be gradually phased out, with related support services closing after May 28. Full market liquidation is expected to be completed by July 15, 2026.HypurrFi also reminded users to be aware of risks and fraudulent links during the migration process, to operate only through official channels, and to use the built-in migration tools to transfer Pooled positions to Euler Prime or Yield markets.
Hyperliquid Receives First $14.58M USDC Payment Under AQAv2, Perpetual Contract Data Integrated into Bloomberg Terminal
Odaily News: Real-time data for decentralized trading platform Hyperliquid's 24/7 perpetual contracts is now available on the Bloomberg Terminal, allowing professional investors to monitor its contracts related to cryptocurrencies, crude oil, gold, the S&P 500 index, chip manufacturers, and foreign exchange. This integration does not support direct execution of Hyperliquid trades through the Bloomberg Terminal.Under the AQAv2 framework, Hyperliquid has received its first $14.58 million USDC payment, covering a 30-day period. This mechanism allocates approximately 90% of the cost-adjusted reserve yield generated from USDC supply to Hyperliquid, which is directed into the Assistance Fund for purchasing HYPE.Following the related developments, the price of HYPE briefly exceeded $95, approaching its all-time high of $97.96. The number of wallets holding more than 10 HYPE has surpassed 50,000, reaching its highest level since August 15. (Bitcoin.com News)
Bloomberg Terminal now supports viewing real-time quotes for some Hyperliquid perpetual contracts, but trading is not yet supported
According to a post by Hyperliquid Daily on X, the Bloomberg Terminal now supports entering "WSL HYPE" to view around-the-clock real-time quotes for some Hyperliquid perpetual contracts, covering cryptocurrencies, equities, commodities, foreign exchange, and indices. Users can compare the relevant prices with Bloomberg reference quotes, though trade execution is not currently supported.
Bloomberg Terminal Launches Hyperliquid Perpetual Contract Monitoring Feature
According to Hyperliquid Daily (@HYPERDailyTK), the Bloomberg Terminal now supports users in monitoring Hyperliquid perpetual contract prices around the clock by entering WSL HYPE <GO>, covering multiple asset classes such as cryptocurrencies, stocks, commodities, foreign exchange, and indices. Institutional users can compare Hyperliquid prices with Bloomberg reference prices such as BTC, NVDA, the S&P 500, Brent crude oil, and EUR/USD exchange rates without leaving their existing workflows. While this integration does not currently support trade execution, it marks Hyperliquid's official entry into institutional-grade price reference systems, helping to enhance its market visibility and credibility, and is considered a significant step toward integrating on-chain markets into institutional workflows.
Polygon co-founder cites Polymarket CMO's tweet, says: POLY will take over everything
Odaily News: In response to a tweet previously posted by Polymarket CMO Matthew Modabber regarding "Hyperliquid and Polymarket revenue scale and HYPE token market cap," Polygon co-founder Sandeep quoted the post and said that POLY will take over everything.Earlier news: The Polymarket CEO will share important views at Token2049, and the community speculates it may be related to the POLY token.
Hyperliquid to Receive First AQAv2 Reserve Yield Distribution Tomorrow, Approximately $14.5 Million for HYPE Buybacks
Odaily News: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow (October 3). Approximately $14.5 million in passive yield generated from USDC reserves will flow into the Assistance Fund for HYPE buybacks.It is reported that under AQAv2's revenue-sharing mechanism, Hyperliquid stablecoin deployers are required to allocate 90% of stablecoin reserve yield to the Hyperliquid protocol, and 100% of these proceeds will be used for buying back and burning HYPE tokens. Stablecoin reserve yield sharing is accumulated and settled on a 30-day cycle, with proceeds automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Formal yield accrual began on August 26, so the first yield payment will be made on October 3.
Coinbase Expands Crypto-Collateralized Lending, Adds HYPE and ZEC with Up to $100,000 in Borrowing
Coinbase has announced the expansion of its crypto-collateralized lending service, adding support for HYPE and ZEC as collateral. Eligible users can borrow instantly without selling their assets, with a maximum limit of $100,000. The service is currently available to U.S. users, excluding New York, and is powered by the decentralized lending protocol Morpho, running on the Base network.
Related news
A new wallet received 110,000 HYPE tokens and immediately fully staked them, valued at approximately $9.73 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 110,000 HYPE (approximately $9.73 million) from another wallet and immediately staked all of the tokens upon receipt.
Hyperliquid's Cumulative Protocol Revenue Surpasses $1 Billion, Over 41 Million HYPE Tokens Repurchased and Burned
Odaily News: Decentralized perpetual contract trading platform Hyperliquid's cumulative protocol revenue surpassed $1 billion as of June 30, 2026. The platform recorded approximately $492 billion in trading volume in the first quarter of 2026, ranking second only to Coinbase by trading volume.Approximately 97% to 99% of Hyperliquid's protocol fees are directed through the Assistance Fund for open-market HYPE repurchases, with over 41 million tokens cumulatively repurchased and burned, valued at more than $1 billion.Hyperliquid operates its own blockchain, and HIP-3 allows users to create permissionless asset markets based on price feeds. Protocol revenue primarily comes from opening and closing trading fees, as well as fees charged for creating new markets; funding rates are periodically exchanged between long and short parties, and the protocol does not retain this portion of funds. (Bitcoin.com News)
Variational "Second-Largest Leaderboard Trader": Will Never Sell VAR at TGE, Will Add to Both Spot and Futures Positions
an0n2498.hl, the whale ranked second by total trading volume on Variational, posted on X: "I have barely sold any HYPE, and I don't plan to sell any more. I will absolutely never sell any VAR. Instead, I will buy heavily into spot at TGE, and I will also open a long-term long position on VAR. My bullishness on VAR is simply beyond words."It is worth noting that an0n2498.hl previously received $15 million worth of HYPE in the Hyperliquid airdrop.
Worth $8.01 million, FalconX transferred 96,600 HYPE to Coinbase
According to Onchain Lens monitoring, FalconX transferred 96,600 HYPE from its hot wallet to Coinbase, worth $8.01 million.
A smart money address allegedly deposited $11.77M HYPE into Kraken within 10 days, achieving a return rate of 2214%.
According to monitoring by Ai Yi, a smart money address (0x13d…cfa8a) with a cost basis as low as $3.87 allegedly reduced its position by approximately $11.77 million worth of HYPE within 10 days. Since September 28, the address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56, which would yield a profit of $11.26 million if sold, reaching a return rate of 2,214%.
$3.2 Million? PURR CEO Denies Buying 3.75 Million HYPE Sold by HyperLabs
Odaily News: David Schamis posted on X platform stating that they are not the buyer of Hyperliquid Labs' $320 million HYPE token over-the-counter transaction. Previously, Hyperliquid's development team HyperLabs sold 3.75 million HYPE through an over-the-counter transaction.