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Coinbase is taking over USDC treasury duties on Hyperliquid, with USDH winding down across a network that holds nearly $5 billion in stablecoin supply (Image: Shutterstock)

Coinbase Takes On $5B USDC Treasury Role As Hyperliquid's USDH Winds Down

Coinbase will take over as the official USDC (USDC) treasury deployer on Hyperliquid (HYPE), retiring the network's own USDH stablecoin. Coinbase Steps In as AQA Deployer The announcement came Thursday from Coinbase and Native Markets, the team that built USDH less than a year ago. Under the deal,

Three Grayscale crypto ETF plans end before reaching the market (Image: Shutterstock)

Grayscale Reworks HYPE ETF Filing To Add Staking Option

Asset manager Grayscale Investments has amended its S-1 registration for a proposed Hyperliquid (HYPE) ETF, opening the door for the fund to capture staking rewards if the structure clears U.S. regulatory hurdles. Grayscale Files Updated S-1 The revised Form S-1 was submitted to the U.S. Securities

Daily trading volume for HYPE exceeded $411 million (Image: Shutterstock)

Hyperliquid Pushes Toward $10.5B Valuation While HYPE Holds Above $44

Hyperliquid (HYPE) traded near $44.05 on May 6, 2026, recording a 24-hour gain of approximately 4% in USD terms. The token's market cap reached roughly $10.5 billion, placing it among the top 15 crypto assets globally. HYPE Token Performance on May 6 Daily trading volume for HYPE exceeded $411 milli

Decentralized exchange dismissed CME and ICE petitions to U.S. regulators as unfounded after HYPE shed 14% in hours. (Image: Shutterstock)

HYPE Token Rises To $43.68 While Hyperliquid DEX Volume Hits $331M

Hyperliquid (HYPE) gained 5.6% over the past 24 hours, reaching $43.68 as of May 5, 2026. The token holds rank 13 on CoinGecko with a market cap of $10.4B. HYPE's Market Data This Hour Daily trading volume for HYPE reached $331M over the past 24 hours. The volume-to-market-cap ratio sits near 3.2%,

HYPE gained 0.25% on the day (Image: Shutterstock)

Hyperliquid’s HYPE Token Near $41 With $9.7B Market Cap And Active DEX Volume

Hyperliquid (HYPE) traded at $41.11 on May 4, 2026, with a market cap of $9.76B and 24-hour volume of $286.7M. The token gained 0.25% on the day. It ranked 13th globally by market cap and 13th on CoinGecko's trending list. A Platform That Outgrew Its Perps Label Hyperliquid launched as a perpetual f

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