Coinbase will serve as the official treasury deployer for Hyperliquid's USD Coin (USDC) supply, channeling about 90% of the cost-adjusted reserve yield to the protocol. This move shifts Hyperliquid's stablecoin model towards USDC and sets a payment schedule starting with the first transfer on October 3. The framework involves Circle supporting USDC infrastructure while Coinbase manages treasury duties, with both staking tokens to ensure service reliability. Projected annual protocol revenue could reach $160 million based on a $5 billion USDC balance, with potential additional buybacks and burns of HYPE tokens valued at $450 million, though these figures are estimates.
The news about Coinbase routing about 90% of cost-adjusted Hyperliquid USDC reserve yield provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 29, 2026 21:32 WIB: out of 50 major cryptocurrencies priced on Pluang, 41 rose and 7 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, CRV (Curve DAO Token) up 22.92% at Rp7,246 with 78% buy order activity and a 62-day hold time, and AAVE (Aave) up 18.50% at Rp3,128,173 with 60% buy order activity and a 105-day hold time.
Precision Optics Corporation reported a strong Q4 with record revenue of $8.8 million, a 42% increase year-over-year, surpassing analyst estimates of $7.1 million. The company also beat EPS expectations, posting -$0.01 versus the predicted -$0.06, si...
Analyst firm Craig-Hallum adjusted Boot Barn Holdings' price target to $224, an 84.91% increase from its recent stock price of $121.14, reflecting strong growth potential. The company aims to expand merchandise margins by 60 basis points in fiscal 20...
Inventiva announced improved financial results for the first half of 2026, reducing its net loss to €69.5 million from €175.9 million the previous year. The company completed the final patient visit in its Phase 3 NATiV3 trial for MASH, with topline ...
Jabil is set to report its Q4 earnings on September 30, 2026, with analysts expecting earnings per share around $4.07 and revenue near $9.71 billion, marking a 16.5% revenue increase year-over-year. The company is benefiting from robust growth in AI ...
Netflix shares rose 1.5% after Deutsche Bank upgraded the stock from Hold to Buy, citing recent price declines as a buying opportunity and stronger international trends. However, other analysts remain cautious, with Wells Fargo downgrading Netflix to...
