Kinetiq has launched the public testnet for Elysium, a new layer-2 network built on Arbitrum Orbit designed specifically for Hyperliquid DeFi applications. Elysium aims to solve throughput bottlenecks by offering execution speeds of 300 Mgas/s and block times under 200 milliseconds, significantly outperforming the current HyperEVM. The network supports spot trading and token launches, with a fee structure that allocates 50% to buybacks and burns of the governance token KNTQ, 25% to builders, and 25% to the treasury. This launch marks a key step in expanding Hyperliquid's infrastructure and improving its liquid staking ecosystem.
Kinetiq's launch of the Elysium testnet for Hyperliquid DeFi apps provides context for cryptocurrency market activity. For readers following the crypto market, here is Pluang's snapshot as of Sep 22, 2026 22:22 WIB: out of 50 major cryptocurrencies, 29 rose and 20 fell. Notable movers include Bitcoin Cash with a price of Rp5.767.213 and a 1-day change of +22.72%, Balancer at Rp16.297 with +11.14%, and COTI at Rp278 with a -10.62% change.
MillerKnoll reported a strong Q1 2027 earnings per share (EPS) of $0.53, surpassing analyst expectations by over 51%, helped by tariff refunds and improved cost management. However, its revenue fell 3.4% year-over-year to $923.40 million, missing est...
On September 22, 2026, Ethereum (ETH) traded around $2,735, just below a key resistance zone between $2,750 and $2,800 where it has repeatedly bounced. Despite a recent upward trend, ETH failed to sustain above $2,800, signaling uncertainty in short-...
FirstService Residential has published its 2026 BENCHMARK report detailing operating costs, budgets, and trends in large master-planned and lifestyle communities across North America. The report highlights key budget areas like insurance, utilities, ...
The ALPS Medical Breakthroughs ETF (SBIO) focuses on late-stage biotech companies that have at least one Phase II or III clinical program and sufficient cash reserves to reduce dilution risk before key events. This strategy aims to capture upside fro...
McDonald’s is piloting a program to sell advertising space on its digital menu boards, displayed after customers place orders in drive-thrus and restaurants. The company aims to offer relevant content without disrupting the McDonald’s experience. Thi...
