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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.
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.
HYPE Hits All-Time High of $82, Multicoin Transfers Nearly $20 Million to Coinbase Prime
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
Stanley Druckenmiller Buys $87.8 Million in Bitdeer and Hyperliquid Strategies Shares
Odaily News: Duquesne Family Office founder Stanley Druckenmiller purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value exceeding $64.7 million and an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the United States and other regions.Additionally, Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR), a digital asset treasury company in the HYPE sector, with a position value of $23.1 million, gaining indirect exposure to HYPE. Hyperliquid Strategies aims to provide U.S. and institutional investors with investment channels related to the HYPE token.Druckenmiller's moves are similar to concurrent increases in BTDR positions by Jane Street and Citadel, with Jane Street currently holding over $112 million worth of BTDR shares. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously hit an all-time high following related compliance progress news. (Bitcoin.com News)
Multicoin Capital transfers 441,000 HYPE to Coinbase Prime, suspected dump
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 441,000 HYPE tokens (approximately $35.31 million worth) from four wallets to Coinbase Prime over the past six hours, seemingly preparing to sell.
Bitwise's BHYP ETF wallet transfers approximately $6.71 million worth of HYPE to Coinbase
According to Onchain Lens monitoring, approximately 6 hours ago, a wallet linked to Bitwise's BHYP ETF deposited 84,320 HYPE worth approximately $6.71 million into Coinbase, possibly for sale.
Hyperliquid burned 17,710 HYPE tokens worth approximately $1.39 million in the past 24 hours.
According to on-chain analyst Onchain Lens (@OnchainLens), Hyperliquid purchased and burned 17,710 HYPE tokens over the past 24 hours at a VWAP price of $78.37, valued at approximately $1.39 million. As of now, the cumulative burned supply of HYPE has reached 48.6 million tokens, worth approximately $3.88 billion at current prices, representing 4.86% of HYPE's maximum supply of 1 billion.
After 119 days of dormancy, a whale withdrew 116,490 HYPE worth $9.6 million from OKX
According to Onchain Lens monitoring, a whale (0x93a...c633) withdrew 116,490 HYPE worth $9.6 million from OKX minutes ago.
21Shares Analysts: BTC Finds Support Near $77,000, Potential Target at $100,000
According to Bitcoin.com, Matt Mena, 21Shares Senior Crypto Research Strategist, stated that amid approximately $603 million in cumulative net inflows into US spot Bitcoin ETFs in September and a resurgence in altcoin risk appetite, Bitcoin's fourth-quarter trend is expected to strengthen significantly. Mena noted that BTC is currently finding support near $77,000, with mounting odds of testing the $82,000 range by month-end. He identified $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL as potential fourth-quarter targets. Furthermore, Ethereum has outperformed Bitcoin over the past three weeks with a 29% gain compared to Bitcoin's 20%, while Hyperliquid is approaching $90, signaling a rotation of capital into altcoins.
A suspected @HypeStrat address holds 31.8 million HYPE, worth $2.513 billion, having accumulated and staked 3.029 million tokens over the past two weeks.
According to on-chain analyst Yu Jin, a suspected @HypeStrat-related address (0x6436...0103) accumulated and staked 365,000 HYPE over the past 24 hours, worth $29.65 million. Over the past two weeks, the address has gradually accumulated and staked 3.029 million HYPE, worth $252 million, at an average price of approximately $83.4. According to data it released yesterday, it currently holds 31.8 million HYPE, worth $2.513 billion.
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.
Entropy Acquires HIP-3 Code DRAM for 500 HYPE, Worth $39,000
Odaily News: According to HyperliquidNews monitoring, HIP-3 market deployer Entropy spent 500 HYPE (approximately $38,950) to win the code DRAM, and is expected to launch io:DRAM perpetual contract trading.
Kraken lists wrapped HYPE asset kHYPE, backed 1:1 by custodied HYPE
Odaily News: According to official Kraken announcements, Kraken has listed the wrapped HYPE asset kHYPE. kHYPE is a wrapped asset for HYPE, backed 1:1 by HYPE held in Kraken custody, with related reserves verifiable on-chain. Additionally, kHYPE can be used in DeFi applications on the Ink chain and supports redemption back to HYPE at any time.
Kraken Lists Wrapped HYPE on Its Layer 2 Network INK, Named kHYPE
Odaily News: HyperliquidNews posted on platform X, stating that Kraken has announced the listing of Wrapped HYPE on its Layer 2 network INK, with the token named kHYPE, which could easily be confused with a token of the same name launched by Kinetiq.
Gate launches stock event contracts, with the first phase covering MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics
Odaily News, according to an official announcement, Gate has officially launched stock event contracts. The first phase exclusively features four popular stock underlyings: MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics, while simultaneously opening 5-minute and 15-minute short-cycle bullish/bearish trading markets.It is reported that Gate has become the first trading platform to support stock event contracts, further extending event contract trading coverage to both crypto assets and traditional stocks. Currently, the platform supports crypto assets such as BTC, ETH, SOL, XRP, DOGE, HYPE, and BNB, as well as stock underlyings including MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics. Users do not need to use leverage or pay margin, and only need to predict the price direction of the underlying within a specified time period to participate in trading. At present, users can access trading via the Gate App or official website by navigating to [Contracts] - [Event Contracts] and filtering by the [Stocks] category.
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)
Multicoin Capital Transfers Another 63,200 HYPE to Coinbase, Worth Approximately $5.23 Million
According to Onchain Lens, Multicoin Capital has transferred an additional 63,200 HYPE to Coinbase, worth approximately $5.23 million. Since the update yesterday, it has cumulatively transferred 261,600 HYPE to Coinbase, valued at around $21.72 million.
Related news
Multicoin Capital transfers 441,000 HYPE to Coinbase Prime, suspected dump
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 441,000 HYPE tokens (approximately $35.31 million worth) from four wallets to Coinbase Prime over the past six hours, seemingly preparing to sell.
Multicoin Capital Deposits Another 333,200 HYPE Worth $26.73 Million into Coinbase Prime
Odaily News: According to Lookonchain monitoring, Multicoin Capital has again deposited 333,200 HYPE, worth $26.73 million, into Coinbase Prime.
Bitwise's BHYP ETF wallet transfers approximately $6.71 million worth of HYPE to Coinbase
According to Onchain Lens monitoring, approximately 6 hours ago, a wallet linked to Bitwise's BHYP ETF deposited 84,320 HYPE worth approximately $6.71 million into Coinbase, possibly for sale.
Hyperliquid burned 17,710 HYPE tokens worth approximately $1.39 million in the past 24 hours.
According to on-chain analyst Onchain Lens (@OnchainLens), Hyperliquid purchased and burned 17,710 HYPE tokens over the past 24 hours at a VWAP price of $78.37, valued at approximately $1.39 million. As of now, the cumulative burned supply of HYPE has reached 48.6 million tokens, worth approximately $3.88 billion at current prices, representing 4.86% of HYPE's maximum supply of 1 billion.
Maji reduces HYPE long positions, current perpetual contract long exposure is approximately $151 million.
According to Onchain Lens, Machi (@machibigbrother) continues to reduce its HYPE long positions, currently holding 86,000 HYPE longs valued at approximately $6.84 million at 10x leverage.
Entropy Acquires HIP-3 Code DRAM for 500 HYPE, Worth $39,000
Odaily News: According to HyperliquidNews monitoring, HIP-3 market deployer Entropy spent 500 HYPE (approximately $38,950) to win the code DRAM, and is expected to launch io:DRAM perpetual contract trading.