Hyper Foundation is providing $10 million in grants to help developers and protocols transition from the USDH stablecoin to USDC as USDH is being phased out. Builders on the Hyperliquid platform must complete their migrations or orderly shutdowns by the end of July 2026. Feeless bridges are available to allow users to convert USDH to USDC without transaction costs. This shift follows a strategic decision to replace USDH with USDC as the primary stablecoin, impacting traders and native token holders due to reserve reallocations and contract closures.
Hyperliquid (HYPE) currently trades near $62, backed by over 40% market share in decentralized perpetual futures as of mid-2026. Its valuation depends on transaction volume, fees, and liquidity, with a baseline price forecast of $100–$160 if it maint...
Bitwise has staked 1.775 million HYPE tokens, worth about $114 million, on the Hyperliquid exchange, reinforcing its position since launching the Bitwise Hyperliquid ETF (BHYP) in May. The ETF directs 10% of its fees to buying and staking HYPE, linki...
Since Hyperliquid's mainnet launch on April 14, traders have burned nearly 22,000 HYPE tokens through priority fees, with weekly burns rising 45-fold recently. The number of distinct payers expanded from 14 to 130, indicating broader adoption. Instit...
Bitcoin and Ethereum showed minimal gains, trading mostly flat, while altcoins such as Solana and XRP outperformed with notable price increases. This pattern indicates a rotation-driven market where investors selectively move capital among tokens rat...
Major cryptocurrencies fell this week as investors favored AI-related stocks, with Dogecoin and Hyperliquid's HYPE dropping about 10%. Bitcoin was more resilient, dipping 5.3% but quickly rebounding from lows near $58,000 due to aggressive buying. Cr...
