- AlphaPacked — Daily Crypto Newsletter
- Posts
- Circle Invests in Hyperliquid
Circle Invests in Hyperliquid

🔗 Circle Expands on Hyperliquid
Circle’s Investment Details: On September 16th, Circle made its first investment in HYPE tokens, establishing itself as a Hyperliquid stakeholder. The company is also evaluating a potential Validator role and has introduced incentive programs for HIP-3 and HyperEVM developers to encourage USDC integration. CEO Jeremy Allaire stated, “We’re building long-term value for an internet economy worth trillions.” Developers have access to Circle’s SDKs and APIs, and institutions can utilize Circle Mint for operations.
USDC Launch Features: In addition, Circle launched Native USDC and CCTP V2 on HyperEVM, with HyperCore support expected in the coming weeks. USDC holds $73B in circulation and $6B in Hyperliquid reserves. The CCTP V2 upgrade facilitates cross-chain transfers across 24 networks, offering liquidity with BTC/USDC spreads at 0.2bps for spot and 0.1bps for perps on Binance, aiding traders and service providers.
USDH Vote Results: Circle's announcement follows Hyperliquid’s recent community vote, which concluded on September 14th, selecting Native Markets to issue USDH, a compliant, Hyperliquid-aligned stablecoin. The week-long competition was contentious, with USDH set for a staged rollout on HyperEVM: starting with small-scale testing, then opening a USDH/USDC spot pair. USDH is expected to launch soon. Read More.
️ On today's Top Picks:
- 🤝 Binance in talks with US DOJ to remove compliance monitor.
- 👀 Nansen teases "Next week. Subscribe. Stake. Points." on X.
- 🪂 Aster launches airdrop claim; Lombard launches airdrop checker.
- 💸 US Federal Reserve cuts interest rates by 25 basis points.
Read time: ⏰ 8 minutes
Crypto News
• Michael Saylor & other crypto executives meet US lawmakers to push strategic Bitcoin $BTC reserve bill.
• US SEC approves generic listing standard for commodity-based trust shares on the Nasdaq, CBOE, & NYSE; streamlines the approval process for crypto exchange-traded products.
• US SEC approves Grayscale Digital Large Cap Fund for trading; includes Bitcoin $BTC, Ethereum $ETH, Ripple $XRP, Solana $SOL, & Cardano $ADA.
• ⭐️ Binance $BNB in talks with US DOJ to remove compliance monitor; the three-year monitorship was mandated as past of its plea deal with the DOJ in 2023; DOJ may seek enhanced compliance reporting instead.
• CME Group to launch options on Solana $SOL & Ripple $XRP futures on October 13th; pending regulatory review.
• ⭐️ Circle $CRCL invests in Hyperliquid $HYPE; launches native $USDC & CCTP V2 on HyperEVM; to potentially become a Hyperliquid Validator.
• Kraken & Circle $CRCL partner to "accelerate global access and utility of $USDC & $EURC"; Kraken users to gain access to increased liquidity, reduced conversion fees, & more.
• Kalshi launches Kalshi Ecosystem, a hub to support builders, traders, & creators; partners with Base & Solana $SOL, offering dedicated grants.
• EigenCloud $EIGEN partners with Google as a launch partner for its Agent Payments Protocol (AP2); EigenCloud to provide verifiability infrastructure that ensures AI agents are held accountable by any counterparty.
Alpha
• ⭐️ Nansen teases "Next week. Subscribe. Stake. Points." on X; Nansen Points Season 1 to end at the end of September; to potentially launch Season 2.
• Jumper launches Jumper Perks batch 3; partners include Earndrop, Nansen, NordVPN, & Airalo; level up your Jumper Pass for access.
• Socket announces Socket Surge, an "initiative to showcase the power of the SOCKET protocol..."; to launch Chain On Top, a chain-abstracted social strategy game, soon.
• Rainbow teases "rainbow season is loading..." on X; to launch Rewards Phase 3 soon.
• Human Passport launches MetaMask OG campaign round 2; eligible users can claim 1,000 HUMN Points.
• ICYMI USD (stablecoin) Farms by Olimpio.
Airdrops
• ⭐️ Aster launches $ASTER airdrop claim; Rh & Au points holders, Gems holders, & loyalty points holders are eligible.
• ⭐️ Lombard launches $BARD airdrop eligibility & allocation checker; Lux (points) holders are eligible; claim on September 18th.
• Binance launches Lombard $BARD HODLer airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from September 9th to September 12th are eligible.
• 0G Labs launches 0G airdrop registration; Galxe/Intract participants, Discord community members, & One Gravity NFT holders are eligible; registration closes on September 21st.
• Anoma launches Anoma airdrop registration; testnet participants, Discord community members, & Shrimpers NFT holders are eligible; registration closes on September 22nd.
• Binance launches Avantis $AVNT HODLer airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from September 6th to September 8th are eligible.
• ICYMI Airdrops, Checkers, & Points by Olimpio.
Finance News
• ⭐️ US Federal Reserve cuts interest rates by 25 basis points to 4%-4.25%; cites weak labor market.
• China bans domestic companies from buying Nvidia $NVDA AI chips; promotes alternatives from local manufacturers.
• Google $GOOG announces Agent Payments Protocol (AP2), an "open, shared protocol that provides a common language for secure, compliant transactions between agents and merchants."
• •Metaplanet $3350.T launches Metaplanet Income Corp, a US subsidiary to scale Bitcoin $BTC income & derivatives operations; holds 20,136 BTC (~$2.3B).
• Sharplink $SBET rebuys 1M shares as part of its $1.5B buyback program; currently holds 838,152 Ethereum $ETH (~$3.8B).
• The Ether Machine files to go public via merger with Dynamix $ETHM; holds 495,362 Ethereum $ETH (~$2.3B).
• Forward Industries $FORD to raise up to $4B via ATM equity offering program; proceeds to fund its Solana $SOL strategy, working capital, & other growth initiatives; currently holds ~6.82M SOL (~$1.6B).
• DeFi Dev Corp $DFDV buys an additional 62,745 Solana $SOL (~$15M); now holds 2,095,748 SOL (~$501M).
• Ark Invest $ARKK $ARKW buys 161,183 shares of Bullish $BLSH (~$8.3M); Bullish also just secured a New York BitLicense.
• CleanCore $ZONE buys 100M Dogecoin $DOGE (~$28M); now holds ~600M DOGE (~$169M)
• Thumzup $TZUP buys 7.5M Dogecoin $DOGE (~$2.1M); recently announced plans to set up 3,500 Dogecoin mining rigs by year’s end through its acquisition of Dogehash.
Security and Exploits
• Apple $AAPL releases security update for older Apple devices; patches actively exploited zero-day vulnerability; recently released security update patching the same vulnerability for newer Apple devices in August.
• Google removes 224 malicious Android apps from the Google Play Store; apps were used to generate 2.3B ad requests per day.
• Ethereum $ETH Foundation launches Fusaka security audit contest; offers up to $2M in rewards & runs from September 15th through October 13th.
• Paolo Ardoino, CEO of Tether, announces PearPass is releasing soon; PearPass is local & private password manager.
Token Unlocks
• Arbitrum $ARB / ~$46M / SEP 16th
• ZKsync $ZK / ~$10M / SEP 17th
• ApeCoin $APE / ~$9M / SEP 17th
• Lista $LISTA / ~$9M / SEP 20th
• LayerZero $ZRO / ~$51M / SEP 20th
• Kaito $KAITO / ~$10M / SEP 20th
Sourced from Tokenomist
Funding
• Kredete raises $22M in Series A funding led by AfricInvest.
• Stablecore raises $20M in funding led by Norwest.
• Mavryk raises $10M in Strategic funding led by MultiBank Group.
• Openverse raises $8M in Series B funding from several investors.
• $BIO Protocol raises $6.9M in Seed funding led by Maelstrom.
• Senpi raises $4M in Seed funding led by Lemniscap.
• Alloca raises $2.5M in funding from several investors.
• Superform raises $1.42M in Community funding on Echo.
• Epoch Protocol raises $1.2M in Pre-Seed funding from several investors.
• Beezie raises an undisclosed amount in Strategic funding led by Moonrock Capital.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | MSUSDUSDC | 59.17% |
![]() | USDC | 28.27% |
![]() | USDTUSDC | 27.74% |
![]() | USDC | 27.64% |
![]() | USDC | 25.83% |
![]() | LVUSDTUSDT | 25.77% |
![]() | SUSDAI | 24.56% |
☁️ EigenCloud: Verifiable Cloud & Ethereum Restaking | ![]() |
☁️ What is EigenCloud: EigenCloud is a developer platform built on EigenLayer, Ethereum’s leading restaking protocol, which lets users reuse staked ETH or EIGEN tokens to secure innovative applications. With over $17.5B in total value locked and 162+ Actively Validated Services (AVSs) in development, it powers Web3 growth with tools like EigenDA for data availability and EigenVerify for trustless compute. Backed by a16z’s $170M investment, EigenCloud enables secure DeFi, AI, and real-world use cases.
💻 How to Participate: Join EigenCloud’s ecosystem by restaking ETH or EIGEN tokens via the EigenLayer app to earn rewards from securing Actively Validated Services. Over $128M in rewards have been distributed to stakers and operators. Operators can run nodes to validate services like AI inference or rollup scaling, while developers can build verifiable apps on EigenCloud’s infrastructure. It’s an open system for stakers, operators, and builders.
📰 The Power of EIGEN: The EIGEN token drives EigenCloud’s ecosystem, enabling stakers and operators to secure Actively Validated Services and earn rewards. The Rewards v3 program, launched in Q1 2025, boosts payouts for EIGEN stakers supporting services like Aethir’s AI inference AVS, which processes over 1M daily transactions. With a16z’s $170M backing, EIGEN is fueling new partnerships and AVSs. Where will EIGEN take the verifiable cloud next?
That’s it for today’s edition! See you soon.
Reply