Illustration of HYPE token price rally supported by Coinbase and Circle's USDC integration.
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HYPE token rallies as Coinbase and Circle back stablecoin model

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Kiswahili

The HYPE token surged after Coinbase and Circle committed to Hyperliquid’s AQAv2 upgrade, aligning USDC with the protocol’s yield-sharing framework.

HYPE rallied after the May 14 announcement, reaching roughly $45. The upgrade positions Coinbase as the official USDC treasury deployer on Hyperliquid while Circle manages technical deployment and cross-chain infrastructure through CCTP. The vast majority of reserve-yield revenue from USDC now flows back to the protocol, following the model first established by Native Markets’ USDH token.

Watu wanasema nini

Initial reactions on X highlight excitement over Coinbase and Circle's commitment to Hyperliquid's AQAv2 upgrade, with users noting significant revenue sharing for $HYPE holders and token price surges.

Makala yanayohusiana

Senators Tillis and Alsobrooks compromise on Clarity Act as crypto markets rally with Circle shares surging 18%, illustrated with Capitol, stock tickers, and rising charts.
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Clarity Act stablecoin compromise boosts crypto markets ahead of markup

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Following last week's stablecoin yield compromise by Senators Tillis and Alsobrooks, crypto stocks rallied and markup expectations grew for the Digital Asset Market Clarity Act. Circle shares surged 18% amid optimism for Senate Banking Committee action the week of May 11, despite banking pushback.

Hyperliquid traders brace for $29 million liquidation threat

Hyperliquid's $HYPE token has shown signs of recovery but faces strong resistance in futures markets. A cluster of $28.9 million in short liquidations looms above the $35 price level, potentially amplifying volatility if breached. Technical indicators suggest building upside momentum, though broader market conditions could influence the outcome.

Circle raises $222 million for arc blockchain amid earnings

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Circle announced a $222 million presale for its ARC token at a $3 billion valuation alongside first-quarter results. The USDC issuer beat earnings estimates but missed on revenue. Shares rose more than 15 percent on the news.

Crypto

Whale opens 20x leveraged oil short on Hyperliquid

Crypto

CLARITY Act negotiations stall as banks reject White House stablecoin compromise

Crypto

Bitcoin holds above $72,000 amid cautious crypto market

Senators release CLARITY Act compromise on stablecoin yields

U.S. Senators Thom Tillis and Angela Alsobrooks released compromise text Friday for the CLARITY Act, addressing stablecoin yields as the final major hurdle in the crypto market structure bill. The agreement bans yields equivalent to bank deposits but allows rewards for bona fide activities. Crypto industry leaders quickly endorsed it and urged the Senate Banking Committee to schedule a markup.

Coinbase CEO sees retail resilience in Ethereum price drop

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Ethereum has dropped about 7% to around $1,947 amid market volatility, but Coinbase CEO Brian Armstrong points to strong retail investor behavior as a positive sign. Retail users on the platform are buying the dip and maintaining or increasing their holdings of Bitcoin and Ethereum. This trend suggests growing maturity among individual investors despite broader market challenges.

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Crypto exchange IPOs remain tethered to Bitcoin's performance

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Tether reports $1.04 billion Q1 profit and record reserves

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Coinbase launches stablecoin credit strategy CUSHY

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Bitcoin surges above $72,000 on Trump crypto bill support

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Circle announces partnerships with Visa, Intuit, and a country

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Crypto market rebounds with bitcoin leading gains near $66,000

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Tether discontinues offshore yuan stablecoin CNH₮

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White House talks on stablecoin yields make progress but no deal

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