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unsecured len
2026-08-28 15:24:43

Credifi Launches Unsecured Lending Feature Based on Ethos Credibility Score

Credifi, an unsecured lending protocol, has launched a borrowing feature tied to Ethos Network's credibility score. The service lets eligible users borrow up to $3,000 with no collateral, no liquidations and no KYC. Users need an Ethos score of at least 1,800 to participate.

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Credifi Launches Unsecured Lending Feature Based on Ethos Credibility Score
Hyperliquid
2026-08-27 09:00:00

HYPE hits a fresh high as Hyperliquid adds USDC reserve income to buybacks

HYPE has climbed to a new record, touching about $83.5 in late August and trading near $82, with a 37.5% gain over the past seven days and a year-to-date increase of more than 220%. The rally is being driven by a mix of supply reduction, policy expectations, and strong operating performance at Hyperliquid. On the supply side, roughly 99% of platform fees continue to be used to buy back and burn HYPE. According to hl.eco, the protocol has generated about $1.27 billion in cumulative net revenue and burned about 48.17 million HYPE on-chain. Hyperliquid also launched AQAv2 on Aug. 26, adding a new source of repurchase funding from income generated by USDC reserves. The first roughly $20 million transfer is expected on Oct. 3, with estimated annual incremental buybacks of $135 million to $160 million. That support is set against a near-term unlock. About 14.18 million HYPE, valued at roughly $1.1 billion, is scheduled to unlock on Aug. 29. Demand-side catalysts include expectations around a compliant U.S. path, spot ETF inflows of about $301 million since launch, and continued accumulation by treasury company PURR. At the same time, Hyperliquid’s fundamentals remain central: about $5.27 trillion in cumulative volume, roughly 1.71 million registered users, around $13.4 billion in open interest, and an estimated 40% share of the perpetual DEX market.

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HYPE hits a fresh high as Hyperliquid adds USDC reserve income to buybacks
SpaceX
2026-08-04 01:33:03

Tokenized SpaceX shares offer economic exposure, not equity ownership

Robinhood’s rollout of more than 200 tokenized U.S. stocks for European users, including promotional tokens tied to SpaceX and OpenAI, has reignited a basic question in digital asset markets: what exactly does a buyer own? According to the report, the answer is usually not stock. OpenAI publicly said on July 1, 2025 that the so-called OpenAI tokens were not OpenAI equity and said it had neither partnered with Robinhood nor endorsed the offering. The structural issue is central. A SpaceX token may reference an SPV holding preferred shares, while the OpenAI version may trace back to a convertible note rather than stock. In both cases, buyers generally receive contractual economic exposure linked to valuation changes, not voting rights, a place on the shareholder register, or direct ownership. Market participants quoted in the piece drew a line between common contractual claims and true ownership tokenization, where the token itself is the asset. Regulators have made a similar point. ESMA warned that tokenized instruments often do not grant shareholder rights, and SEC Commissioner Hester Peirce said tokenized securities remain securities. The report argues that while the broader RWA market is growing quickly, most tokenized stocks still stop short of conveying actual ownership.

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Tokenized SpaceX shares offer economic exposure, not equity ownership
BitMEX
2026-07-23 09:34:03

BitMEX to shut down trading on Sept. 23, but the perpetual futures model it popularized lives on

BitMEX said on July 23 that it will stop providing trading services on Sept. 23, 2026, drawing a formal end to one of the most influential names in crypto derivatives. The exchange did not give a detailed reason in its farewell message, saying only that its board had decided to close the venue after reviewing the company and the broader crypto industry. Its market position had faded long before the shutdown announcement. Binance, OKX and Bybit now dominate centralized crypto derivatives, while on-chain venues such as Hyperliquid have captured a newer generation of traders. Even so, BitMEX remains central to the history of the market because it turned perpetual futures into a usable product and spread that structure across the industry. Founded in Hong Kong in 2014 by Arthur Hayes, Ben Delo and Samuel Reed, BitMEX became known for offering 100x leverage and for operating in an era with limited regulation and no KYC requirements. In May 2016, it launched XBTUSD, described in the source article as the first perpetual contract in financial history. The product removed expiry dates and used an eight-hour funding mechanism to keep contract prices aligned with spot. The exchange’s decline accelerated after the March 12, 2020 market crash and U.S. enforcement action on Oct. 1, 2020. Founders later pleaded guilty, the company was fined, and compulsory KYC erased one of its earliest advantages. BitMEX is leaving the market, but perpetuals remain one of crypto’s most enduring exports to modern finance.

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BitMEX to shut down trading on Sept. 23, but the perpetual futures model it popularized lives on