Sky’s USDH proposal offers Hyperliquid a customizable, natively multichain stablecoin and promises a platform yield of 4.85% on USDH holdings, plus a 4.75% convertible USDS yield and a $25 million
BitcoinWorld Hyperliquid USDH Stablecoin: Sky’s Bold Bid Promises Revolutionary DeFi Yield The decentralized finance (DeFi) landscape is buzzing with a fascinating new development: the race to issue Hyperliquid’s native Hyperliquid USDH stablecoin . This isn’t just any stablecoin; it’s poised to become a cornerstone of the Hyperliquid ecosystem, and some of the biggest names in crypto are vying for the privilege. If you’re invested in the future of decentralized exchanges and stablecoin innovation, this story is for you. Sky’s Ambitious Proposal for Hyperliquid USDH Stablecoin Rune Christensen, the visionary founder of Sky (formerly known as MakerDAO), recently ignited this competition with a bold announcement on X. Sky is officially entering the race to issue the native Hyperliquid USDH stablecoin for the innovative decentralized exchange, Hyperliquid (HYPE). This move signals a significant strategic pivot for Sky and could reshape the future of stablecoin issuance within DeFi. Christensen’s proposal is designed to be highly attractive to the Hyperliquid community. Here’s what Sky is bringing to the table: Generous Yield: A Sky-issued USDH would offer a compelling 4.85% annual yield when deposited on Hyperliquid. This is a significant incentive for users. HYPE Token Buybacks: All proceeds generated from this yield are earmarked for direct buybacks of the HYPE token. This mechanism aims to benefit existing HYPE holders by potentially increasing the token’s value. Substantial Support: Sky plans to back Hyperliquid Genesis Star, a key DeFi project, with a substantial $25 million in USDH. This demonstrates a deep commitment to the Hyperliquid ecosystem. Why is Sky Betting Big on the Hyperliquid USDH Stablecoin? Sky’s decision isn’t just about issuing another stablecoin; it’s a strategic alignment with a rapidly growing DeFi platform. Christensen emphasized that a Sky-issued Hyperliquid USDH stablecoin would inherit the robust security and battle-tested infrastructure of the Sky protocol. This means users would benefit from a stablecoin backed by years of proven resilience and stability in the crypto space, enhancing trust and adoption. Moreover, Sky intends to migrate its own token buyback system to Hyperliquid. This strategic integration is designed to significantly enhance HYPE’s liquidity, creating a deeper and more efficient market for the token. This symbiotic relationship could create a powerful synergy between two major DeFi players, driving mutual growth and innovation. The Fierce Competition: Who Else Wants to Issue USDH? Sky isn’t alone in recognizing the immense potential of the Hyperliquid USDH stablecoin . The competition for issuance rights is fierce, attracting several other prominent contenders. These include established giants and innovative newcomers, each bringing their unique strengths to the table: Paxos: A regulated stablecoin issuer known for its compliance, auditing, and reliability within traditional financial frameworks. Frax Finance: A leading algorithmic stablecoin protocol with a strong presence in DeFi, known for its innovative approach to stablecoin design. Agora: A promising DeFi startup looking to make its mark in the stablecoin landscape, potentially offering a fresh perspective. This diverse lineup underscores the significance of Hyperliquid’s native stablecoin and the perceived value of becoming its issuer. The ultimate decision will likely hinge on factors such as security, yield generation mechanisms, community integration, and overall ecosystem benefits. What Does This Mean for Hyperliquid and the Broader DeFi Ecosystem? The successful issuance of the Hyperliquid USDH stablecoin by any of these contenders will be a game-changer for Hyperliquid. A native, high-yield stablecoin could significantly boost user adoption, increase trading volume, and strengthen the platform’s overall liquidity. This enhanced liquidity is crucial for any decentralized exchange to offer better trading experiences and deeper markets for its users. For the broader DeFi ecosystem, this competition highlights a growing trend: established protocols are actively seeking to integrate and collaborate with innovative platforms to expand their reach and utility. This development also emphasizes the ongoing evolution of stablecoins beyond simple price stability. Protocols are now leveraging stablecoins as tools for: Yield Generation: Offering attractive returns to users, making stablecoins more than just a store of value. Ecosystem Growth: Providing native liquidity and direct support for specific platforms, fostering stronger communities. Strategic Partnerships: Forging alliances between major DeFi players, leading to more integrated and robust financial systems. The battle to issue Hyperliquid’s native Hyperliquid USDH stablecoin is more than just a competition; it’s a testament to the dynamic innovation within decentralized finance. Sky’s compelling offer, combining attractive yields, robust security, and strategic buybacks, positions it as a formidable contender. However, with strong rivals like Paxos, Frax Finance, and Agora also in the running, the outcome remains keenly anticipated. Regardless of who ultimately wins, Hyperliquid and its community stand to gain significantly from this exciting development, promising a more liquid, secure, and rewarding experience. Frequently Asked Questions (FAQs) 1. What is the Hyperliquid USDH stablecoin? The Hyperliquid USDH stablecoin is the proposed native stablecoin for the decentralized exchange Hyperliquid. It aims to provide a stable medium of exchange and value within the Hyperliquid ecosystem, potentially offering unique yield opportunities. 2. Who is Sky (formerly MakerDAO)? Sky is the new name for MakerDAO, a pioneering decentralized autonomous organization (DAO) known for creating the DAI stablecoin. It is a major player in the DeFi space, focused on decentralized governance and stablecoin issuance. 3. What benefits does Sky propose for USDH holders? Sky proposes a 4.85% annual yield for USDH deposited on Hyperliquid, with all proceeds directed towards HYPE token buybacks. Additionally, USDH would inherit the robust security of the Sky protocol. 4. Who are the other contenders for USDH issuance? Besides Sky, other notable contenders include established stablecoin issuers Paxos and Frax Finance, as well as the DeFi startup Agora. 5. How will this impact the HYPE token? If Sky wins, the proposed 4.85% yield for USDH would fund HYPE token buybacks, potentially increasing demand and enhancing its liquidity. Sky also plans to migrate its own token buyback system to Hyperliquid, further boosting HYPE’s market depth. If you found this insight into the Hyperliquid USDH stablecoin competition intriguing, share this article with your network! Stay informed on the latest developments shaping the future of decentralized finance. To learn more about the latest DeFi market trends, explore our article on key developments shaping stablecoin future developments . This post Hyperliquid USDH Stablecoin: Sky’s Bold Bid Promises Revolutionary DeFi Yield first appeared on BitcoinWorld and is written by Editorial Team
In recent hours, notable moves by whales and large investors have been observed in the cryptocurrency market. A whale deposited 5 million USDC on the Hyperliquid exchange and opened a long position in HYPE with 3x leverage. The same whale also holds positions in ETH with 5x leverage, PUMP with 3x leverage, and PENGU with 3x leverage. He is also preparing to expand his position by placing new buy orders for HYPE and WLFI. A newly created wallet opened long positions on PEPE and WIF with 10x leverage after depositing 701,000 USDC into Hyperliquid. The positions were sized as follows: 258 million kPEPE ($2.5 million) 2.47 million WIF ($2 million) Ethena whale wallet 0x877b also transferred 5 million ENA ($3.27 million) to Binance again. Meanwhile, institutional investors appear to be accumulating MakerDAO's native token, MKR: Address 0xb2c7 received 14,000 MKR ($24.25 million) from FalconX 6 hours ago. Address 0xc230 collected a total of 8,753 MKR ($15.37 million) through FalconX in the last two months. *This is not investment advice. Continue Reading: Whales Have Been Very Active in Recent Hours: Here Are the Altcoins They Bought and Sold
In the evolution of digital assets, we have witnessed the rise of both centralized finance (CeFi) and decentralized finance (DeFi). CeFi, backed by the product design, risk-control systems, and vast user bases of centralized platforms, has long been the primary hub of liquidity in the crypto market. DeFi, by contrast, emerged during the “DeFi Summer” in 2020, when new protocols for decentralized lending, DEXs, and liquidity mining rapidly expanded, driving the development of increasingly experimental and autonomous financial applications. With the rise of Ethereum and DeFi, liquidity pools and lending protocols improved the efficiency of capital turnover, but assets remained concentrated in native cryptos such as BTC and ETH. As the industry enters a new stage, the tokenization of real-world assets (RWA) is bringing vast pools of real-world liquidity into the market. At the same time, CeFi continues to provide foundational liquidity and entry points while extending on-chain to engage more openly with the decentralized ecosystem. As the boundary between on-chain and off-chain finance dissolves, the complementary development of CeFi and DeFi is setting the tone for the evolution of the crypto financial ecosystem. This shift is driven by a change in the source of liquidity. The New Liquidity Landscape of Web3 Ensuring continuous liquidity in the Web3 market has become the core focus in industry competition. Unlike the early days, when liquidity was almost entirely dependent on BTC, ETH, and other crypto assets, today’s liquidity sources are becoming far more diverse: ● CeFi Platforms: Exchanges and other CeFi platforms remain the largest gateways for both users and funds. They not only aggregate enormous user bases and liquidity pools but also provide the essential initial liquidity that DeFi protocols need to launch and scale, acting as channels that direct liquidity into the ecosystem. ● Compliant Stablecoins: As anchors for on-chain trading, payments, and settlement, stablecoins ensure certainty of fund flows while also offering low-friction infrastructure for cross-border payments and institutional settlement. According to CoinGecko, the market cap of stablecoins continued to grow in 2025 and surpassed $283.5 billion, cementing their role as the hard currency of the crypto market. ● RWA Tokenization: By mapping traditional financial assets like bonds, bills, and real estate on-chain, RWAs create a value conduit between real-world markets and blockchains, unleashing new liquidity from previously dormant assets. Boston Consulting Group projects the RWA tokenization market will soar to $16 trillion by 2030, with 30–50% of stablecoins expected to be backed by RWAs. ● Participation of Institutional Funds: As the crypto market becomes more compliant, traditional institutions such as hedge funds and investment banks are entering the arena. They not only bring large-scale capital inflows but also introduce the stability of long-term capital, steering the ecosystem toward healthier, more sustainable growth. Evidently, CeFi’s user base, DeFi’s governance mechanisms, and TradFi’s participation are converging into a powerful force that enhances both the efficiency and security of funds while expanding liquidity in breadth and depth. The evolution from “early experimentation” to “diverse integration” not only reveals the key industry dynamic but also provides a solid real-world foundation for the convergence of CeFi and DeFi. Governance: The Engine of Web3 Liquidity If liquidity is the fuel powering the crypto-financial ecosystem, then governance is the engine that drives it. Aave V4, for instance, dynamically adjusts interest rates based on collateral quality and market liquidity, ensuring fund pools are efficiently utilized while minimizing systemic risk. Meanwhile, MakerDAO leverages governance mechanisms that stabilize fees and collateral ratios to keep DAI firmly anchored even in turbulent markets. Both exemplify how decentralized governance mechanisms balance the relationship between asset liquidity and market stability. Evidence shows that, in a fast-evolving market with dynamic risks, DAO governance frameworks are often more adaptive and resilient than traditional CeFi structures. In today’s macro context, this governance advantage is even more critical. Uncertainty in the external environment, user demands for both security and liquidity, and the ongoing integration of CeFi and DeFi are all pushing the market to seek more resilient governance models. It is at this pivotal juncture that HTX DAO offers its answer: on the one hand, drawing on the successful practices of Aave, MakerDAO, and others, it dynamically balances risk and liquidity through on-chain governance mechanisms. On the other hand, it leverages HTX to fuse CeFi’s user base and role as a capital gateway with DeFi’s open governance and self-evolving capacity, creating a governance structure that is both stable and efficient. From Platform Gateway to Ecosystem Co-Governance: HTX DAO’s Governance Evolution Path Recently, HTX DAO released an upgraded white paper. The latest edition sets out a clear evolution path from event tracking to closed-loop governance –– progressing from “platform gateway governance” to “ecosystem financial co-governance”. At the same time, this structure drives user engagement through an open “token-holder governance” model, reinforced by behavioral incentives and deflationary mechanisms. In this model, users are not just “users” of the platform but also its “builders” and “owners”. The scale effects of CeFi and the transparent governance of DeFi are truly brought together: ● Real Decentralization of Power: Through veHTX (Vote-escrowed HTX) tokens, HTX DAO hands core operational decision-making power to the community. Users who hold and lock HTX tokens receive veHTX, which grants them voting rights on key operational parameters such as token listings, trading pair adjustments, fee structures, and incentive weights. This marks a fundamental shift in exchange operations from centralized control to on-chain governance. ● Deep Integration of Earnings and Governance: veHTX tokens not only give users governance rights but also deliver on-chain dividends. This model tightly binds users’ economic interests to the ecosystem’s long-term growth, motivating them to participate actively in decision-making and jointly safeguard the ecosystem’s health. ● Bridging the Divide Between CeFi and DeFi: At its core, HTX DAO’s governance mechanism creates a direct pathway for CeFi’s massive user base to access DeFi governance. Without wrestling with complex on-chain operations, users can enjoy the transparency and fairness brought about by decentralized governance through a familiar platform. Thus, from exchange governance to on-chain expansion, from mechanism design to building a global financial hub, HTX DAO’s governance framework not only addresses inefficiency and lack of compliance inherent in traditional DAOs but also builds a truly user-centered “Free Financial Port” that enables economic value distribution and institutional co-governance. HTX DAO is building the next-generation CeFi × DeFi governance network. HTX DAO – A New Paradigm for Resilient Financial Infrastructure It can be foreseen that the financial markets of the future will go beyond simple on-chain lending or other trading use cases and evolve into more complex cross-chain, multi-asset networks with cross-border flows. Against this backdrop, DAOs must answer enduring questions as to how governance mechanisms can coordinate liquidity and how capital pools can remain both robust and open amid macroeconomic uncertainty. HTX DAO positions itself as the “on-chain governance hub” within this landscape. According to the blueprint outlined in its white paper, HTX DAO will not merely serve as a governance platform but also as a nexus connecting CeFi and DeFi, as well as the on-chain and off-chain worlds: on the one hand, it will continue to strengthen on-chain governance capabilities, enhancing the management of risk parameters and liquidity for multi-asset, cross-chain fund pools. On the other hand, it will explore integration with real-world markets, including on-chain governance models of compliant stablecoins, RWAs, and even tokenized representations of U.S. stocks and bonds. Ultimately, it aims to build an open, adaptive, and cross-market governance network, transforming the DAO from a tool for adjusting internal mechanisms into a long-term force restructuring global finance. This is a grand narrative, no longer a zero-sum game between centralization and decentralization, but their symbiosis and co-evolution on a higher plane. What we are witnessing is the rise of a new, more resilient financial infrastructure. The post HTX DAO Narrative Upgrade: A Refreshed White Paper Redefines the “CeFi x DeFi” Paradigm first appeared on HTX Square .
BitcoinWorld Stunning MKR Whale Accumulation: Two Addresses Amass $39.6 Million The cryptocurrency world is always buzzing with activity, and recent on-chain data has revealed a truly captivating development. We’re seeing a significant MKR whale accumulation that has caught the attention of market watchers. This activity often signals potential shifts in market dynamics, making it crucial for investors to understand its implications. Unpacking the Recent MKR Whale Accumulation: Who’s Buying? On-chain analytics firm Lookonchain, citing data from Arkham, has reported a massive influx of MakerDAO (MKR) tokens into two specific whale addresses. These two prominent addresses have collectively amassed an astounding $39.62 million worth of MKR, showcasing a strong belief in the token’s future. One address, identified as starting with 0xb2c7 , made a substantial move by withdrawing 14,000 MKR, valued at approximately $24.25 million, from the institutional trading platform FalconX just hours ago. This swift action suggests a strategic and timely investment. The second address, beginning with 0xc230 , has been steadily accumulating 8,753 MKR, worth around $15.37 million, over the past two months. This consistent buying pattern indicates a long-term conviction in MakerDAO’s ecosystem. This coordinated, yet potentially independent, MKR whale accumulation highlights a notable interest in MakerDAO, a decentralized autonomous organization (DAO) that governs the Maker Protocol, which issues the Dai stablecoin. Why Does Significant MKR Whale Accumulation Matter to You? When large holders, often referred to as ‘whales,’ make substantial moves, it sends ripples through the market. Their actions can often influence price trends and market sentiment. Understanding the motivations behind such a significant MKR whale accumulation is key for any investor. Here’s why whale activity is so important: Market Sentiment: Large purchases by whales can signal confidence in a project, potentially attracting more retail investors and driving up demand. Price Impact: While not guaranteed, such large accumulations can precede significant price movements, especially if the whales are preparing for a long-term hold or a strategic dump. Smart Money Indicators: Whales often have access to superior information or analytical tools, making their moves a potential indicator of future market direction. Therefore, monitoring this recent MKR whale accumulation offers valuable insights into the potential trajectory of the MakerDAO token. Analyzing the Potential Impact of This MKR Whale Accumulation What could this substantial MKR whale accumulation mean for the MakerDAO ecosystem and the broader crypto market? History shows that large-scale buying can often precede periods of increased volatility or sustained upward trends. Consider these potential scenarios: Increased Stability: If these whales are long-term holders, their accumulation could add a layer of stability to MKR’s price by reducing the circulating supply available for sale. Future Price Appreciation: A significant increase in demand from such large players could naturally lead to price appreciation if supply remains constant or decreases. Governance Influence: MKR is a governance token. Larger holdings grant more voting power, potentially allowing these whales to significantly influence MakerDAO’s future proposals and direction. This aspect is crucial for the decentralized nature of the protocol. This level of interest from major players underscores the growing recognition of MakerDAO’s role in the DeFi space, especially with its robust stablecoin, Dai. What’s Next for MKR After This Whale Accumulation? The recent MKR whale accumulation certainly puts MakerDAO in the spotlight. Investors and enthusiasts alike will be watching closely to see how this impacts the token’s performance and the protocol’s governance. Key aspects to monitor include: Price Action: Observe if MKR’s price experiences a sustained upward trend or increased volatility following these accumulations. On-Chain Movements: Continue to track these whale addresses for any further accumulation or distribution activities. MakerDAO Governance: Pay attention to upcoming governance proposals and how the increased voting power of these whales might influence outcomes. This development serves as a powerful reminder of the dynamic nature of the crypto market and the profound influence that major players can wield. Conclusion: A Compelling Shift in MKR’s Landscape The recent revelation of two whale addresses accumulating nearly $40 million in MKR tokens marks a compelling event in the cryptocurrency space. This significant MKR whale accumulation not only reflects strong confidence in MakerDAO’s foundational technology and its Dai stablecoin but also has the potential to reshape market sentiment and price dynamics. As these large players continue to hold or potentially influence governance, their actions will undoubtedly be a focal point for anyone invested in or observing the decentralized finance sector. Staying informed about such whale movements remains paramount for navigating the ever-evolving crypto landscape. Frequently Asked Questions (FAQs) Q1: What is MKR? A: MKR is the governance token of the MakerDAO protocol, which powers the Dai stablecoin. Holders can vote on important changes to the protocol. Q2: Why is MKR whale accumulation important? A: Large accumulations by ‘whales’ can signal strong confidence in a project, potentially influencing market sentiment, price action, and even governance decisions due to their significant voting power. Q3: How were these MKR whale accumulations detected? A: On-chain analytics firms like Lookonchain, using data from platforms like Arkham, track public blockchain transactions to identify large movements and accumulations by significant addresses. Q4: Does this accumulation guarantee a price increase for MKR? A: While significant whale accumulation can be a bullish signal, it does not guarantee a price increase. Market prices are influenced by many factors, and whales can also sell their holdings at any time. Q5: What is FalconX? A: FalconX is a digital asset prime brokerage that provides institutional investors with trading, credit, and clearing services for cryptocurrencies. If you found this analysis insightful, consider sharing it with your network! Stay ahead of the curve by understanding the major moves shaping the crypto world. To learn more about the latest crypto market trends, explore our article on key developments shaping MakerDAO price action . This post Stunning MKR Whale Accumulation: Two Addresses Amass $39.6 Million first appeared on BitcoinWorld and is written by Editorial Team
Investors around the world can now access U.S. stocks outside regular market hours, thanks to tokenized shares and self-custody wallets. Platforms like Bitget Wallet allow users to buy fractions of companies such as Apple, Tesla, and Nvidia, trading them 24/7 without needing a broker or converting currencies. According to Bitget Wallet’sCMO, Jamie Elkaleh , wallets are no longer just storage tools. They are turning into gateways to global markets, giving people in regions with little brokerage access a chance to invest in U.S. equities for the first time. From Risky Experiments to Fully-Backed Tokenized Shares The idea of bringing real-world assets onchain is not new. Projects like MakerDAO and synthetic equity platforms such as Mirror and Synthetix showed early potential. But they struggled with liquidity, unclear regulations, and trust issues. The collapse of exchanges like FTX also exposed the weakness of those first stock token models. Now, a new wave of platforms is trying to fix those problems. Unlike synthetic assets, today’s tokenized shares are backed directly by real securities, audited regularly, and structured to protect investors even in c… The post How Crypto Wallets Are Pushing Wall Street Into a 24/7 On-chain Economy appeared first on Coin Edition .
The crypto market showed mixed performance over the past 24 hours, with Bitcoin (BTC) climbing 2.4% to approach $111,000 while Ethereum (ETH) slipped 1.94% to just above $4,300. Sector gains were led by RWA and PayFi tokens, with Maker (MKR) and Sky (SKY) up over 5%. Notably, Trump-backed World Liberty Financial (WLFI) surged 18.55%, and MemeCore (M) soared 33.69%, defying the broader Meme sector decline. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for Sept. 2, 2025 – Bitcoin Climbs Toward $111K as WLFI and MemeCore Lead Sector Outliers appeared first on Cryptonews .
Binance founder Changpeng Zhao says the crypto market is still in its early days, with mainstream participation low and liquidity developing. He believes gradual adoption via stablecoins, tokenized real-world assets
RLUSD-XRP AMM pools on the XRPL are automated liquidity pools where liquidity providers deposit equal value of RLUSD and XRP, earning proportional pool tokens. Pools rebalance automatically to maintain parity,
Story Protocol (IP) price surged over 35% in 24 hours, driven by an $82M buyback, a new Upbit listing and heavy market-maker support; trading volume jumped 1,890%, signaling strong short-term