News linked to both this project and an event.
Binance will list Hyperliquid (HYPE) on September 24, 2026 at 19:00 (UTC+8), opening spot trading pairs for HYPE/USDT, HYPE/USDC, and HYPE/TRY. Deposits will open one hour after the announcement is published, with withdrawals expected to go live on September 25 at 19:00. A seed tag will be added to HYPE, spot algorithmic orders will be supported simultaneously, and trading bots and spot copy trading are expected to be enabled within 24 hours after listing.
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.
Per Kinetiq's official announcement, the Elysium testnet, an L2 network in the Hyperliquid ecosystem, is now live. It settles transactions on the HyperEVM and is colocated with HyperCore, using HYPE as its native gas token. Powered by Conduit's G2 sequencer, Elysium aims to support general-purpose DeFi and on-chain spot trading applications. The testnet browser and developer documentation are currently accessible.
Odaily News: Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid, and its testnet is now live. The network settles to HyperEVM and is co-located with HyperCore, with HYPE as its native gas token; it currently operates on a SOC II Type 2 compliant architecture, utilizing Conduit's G2 sequencer.
According to HyperliquidNews monitoring, ZEC1 has gone live for spot trading, with the first trade costing 500 HYPE, valued at $46,500.
Hyperliquid has launched a manual lending and borrowing feature, which shares the underlying HyperCore infrastructure with portfolio margin. The platform's total borrowed assets currently amount to $269 million. Users can collateralize HYPE and Bitcoin to borrow USD-denominated assets such as USDC and USDT; borrowers pay interest, asset suppliers earn interest, and interest rates are determined by the capital utilization rate.
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.
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.
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.
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.
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)
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.
Coinbase announced on the X platform that cbHYPE and cbZEC are now live on the Base network. cbHYPE and cbZEC are Coinbase-custodied B20 tokens pegged to Hyperliquid (HYPE) and Zcash (ZEC) at a 1:1 ratio.
According to monitoring by Ash, HYPE rallied following news of Hyperliquid's plans to enter the U.S. market. Subsequently, a wallet transferred 488,600 HYPE tokens (valued at approximately $40.91 million), which it had accumulated via FalconX five months earlier, to Hyperliquid and staked them. The wallet's entry price was around $35, generating an unrealized profit of approximately $23.73 million on the position and a return of roughly 138%.
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)
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News, according to Onchain Lens monitoring, Wintermute (0xecb...2b00) has reduced its short exposure on Hyperliquid from $212 million to $80.48 million since the last update. It still holds $80.48 million in short positions and $5.51 million in long positions. Its HYPE short exposure has increased from $5.6 million to $10.2 million, with an unrealized loss of $568,800.
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.
According to The Block, Arcus has launched the pToken protocol on Robinhood Chain, which converts positions in perpetual contract accounts with fixed markets and leverage levels into transferable ERC-20 tokens that can be used in on-chain protocols such as lending. The initial release supports leveraged exposure to BTC, SOL, HYPE, and select stock tokens, while also introducing multi-asset collateral functionality that enables SPY, QQQ, and MAG7 tokens to serve as collateral for perpetual trading.
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.