The post Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run appeared on BitcoinEthereumNews.com.
Hyperliquid’s native token HYPE has extended its record rally as new analysis points to the protocol’s built-in buyback system as a main driver behind the move, rather than ETF demand alone. Summary Hyperliquid has routed over $1.16 billion in trading fees into open-market HYPE purchases since launch. DefiLlama says 99% of perps and spot revenue goes to the Assistance Fund buyback mechanism. HYPE hit $64.23 on May 24 as crypto.news data showed strong weekly and monthly gains. Forbes contributor Zennon Kapron argued that HYPE’s latest run is tied closely to Hyperliquid’s Assistance Fund, a protocol mechanism that uses trading fee revenue to buy HYPE in the open market. His report said Hyperliquid has used more than $1.16 billion in fee revenue for token purchases since launch. The model differs from a normal company buyback. Hyperliquid does not run the process through a board
The rapid asset accumulation in HYPE ETFs highlights growing institutional interest in diversified crypto exposure, signaling potential market shifts.
The post ETF clients buy $16M in HYPE as total assets climb to $81M in just nine days appeared first on Crypto Briefing.
A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers. Equity Bank has agreed to settle the lawsuit that alleges the financial institution improperly charged certain overdraft and non-sufficient funds fees to account holders between January 1st, 2017, and November 21st, 2025. The […]
The post Equity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees appeared first on The Daily Hodl.
Missouri Attorney General Catherine Hanaway filed a lawsuit May 20, 2026, against GPD Holdings LLC, the company operating the Coinflip Bitcoin ATM network, accusing it of knowingly facilitating fraud while hiding fees that reached as high as 21.9% of each transaction. Missouri Sues Coinflip for Hiding 21.9% Fees and Allegedly Enabling Crypto Scams Statewide The […]
Bank of America is preparing to hand out $2.25 million in a settlement over fees charged at ATMs located within 7-Eleven stores. The class action lawsuit alleges that BofA charged its customers two out-of-network fees for balance inquiry requests when only a single balance inquiry was made at the ATMs located at the convenience store […]
The post Bank of America Handing Out $2,250,000 To Settle Allegations of Overcharging Customers on ATM Fees at 7–Eleven Stores appeared first on The Daily Hodl.
