A major tokenomics upgrade is incoming for the on-chain perps leader.
@HyperliquidX will raise its Assistance Fund buyback allocation from 97% to 99% of all protocol fees in the next network upgrade. Meaning nearly every dollar of revenue will recycle into buying $HYPE.
The Fund already holds 29.8M $HYPE (~$1.5B), making it one of the largest protocol-controlled reserves in crypto.
This self-sustaining economic engine is fueled by massive scale.
In July, Hyperliquid processed $330.8B in volume, surpassing @RobinhoodApp for the third consecutive month.

Twitter

Bitcoin’s price chart has started to show similarities to the soybean market around 50 years ago, which saw prices top before plummeting 50% as global supply began to outweigh demand, warns veteran tr...

Bitcoin chart is echoing the 1970’s soybean bubble: Peter Brandt

Zhao Ying, Wall Street Journal
According to recent media reports, large Bitcoin holders are shifting their wealth from the blockchain to Wall Street balance sheets. A new generation of ETFs offers cryptocurrency tycoons a new way to bring their digital assets into the regulated financial system—without having to sell them, and through funds operated by major asset managers like BlackRock.

A regulatory change this summer opened the door to this trend, allowing large investors to exchange Bitcoin for shares in an "in-kind swap" transaction. This trading method is already widely used in most ETFs, but it wasn't until July of this year...

BTC whale turn to Wall Street: Over $3 billion flows back into the traditional financial system

The Ethereum Foundation has transferred 160,000 ETH (about $654 million) to a wallet that was previously used for ETH sales.
Ethereum Foundation Transfers 160,000 ETH to Wallet That Sold ETH Amidst ...