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Hyperliquid expects to buy back about 180,000 HYPE with USDC reserve yield

NewsFeeds update

A 2.52 USDC test transfer reached Hyperliquid's Assistance Fund at 00:00 UTC on 2 November, matching last month's process. Hyperliquid expects over $15m in USDC reserve yield in November, enough to buy back about 180,000 HYPE at current prices.

AltcoinsOdailyAIBullish

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The story so far: Hyperliquid HYPE buyback and burn

Hyperliquid buys back and burns HYPE through its Assistance Fund, with cumulative burns reaching 49.87 million HYPE, about $3.89 billion and 4.99% of maximum supply. It has now bought back and burned 21,040 HYPE over 24 hours, worth $1.64m at an average price of $77.93.

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  1. Hyperliquid burns 10,400 HYPE in past 24 hours, total burned reaches $4.48bn

  2. Hyperliquid burns 20,200 HYPE worth about $1.8m in past 24 hours

  3. Hyperliquid to receive first AQAv2 reserve yield payout, about $14.5m for HYPE buybacks

  4. Hyperliquid AQAv2 payout, Bitcoin futures buying, Korea token rules

  5. Hyperliquid's AQAv2 mechanism pays first $14.6m USDC reserve income

  6. Hyperliquid burns another 112,580 HYPE as cumulative total hits $4.45bn

  7. Hyperliquid gets first $14.6m USDC payment under AQAv2 for HYPE buybacks

  8. Hyperliquid says cumulative protocol revenue passes $1bn

  9. Hyperliquid assistance fund buys over 48m HYPE

  10. Hyperliquid says Assistance Fund has bought $1.36bn of HYPE

  11. Hyperliquid HIP-3 revenue hits $75m, half for token buybacks and burns

  12. Hyperliquid HIP-3 fees pass $75m, about half goes to market deployers

  13. Hyperliquid buys back and burns $890,900 of HYPE in 24 hours

  14. Hyperliquid buys back and burns 21,790 HYPE in 24 hours

  15. Hyperliquid burns 49.87m HYPE, nearly 5% of maximum supply

  16. Grayscale says Hyperliquid made $38m last month via partner model

  17. Hyperliquid expects to buy back about 180,000 HYPE with USDC reserve yield

  18. Hyperliquid buys back and burns 21,040 HYPE worth $1.64m in 24 hours

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.