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The Hyper Foundation grants approximately 10 million USD to support the USDH exit migration, covering HIP-1, 3, and HyperEVM ecological projects

The Hyper Foundation announced that it will provide approximately $10 million in grants to developers affected by the USDH exit, to cover migration costs and support an orderly transition of the ecosystem. This round of funding will be allocated to affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocol, USDH:USDC cross-chain bridge, and other ecosystem participants.Among them, migration grants are aimed at teams migrating USDH-related markets or deployments to USDC; while exit grants are for projects that choose to terminate USDH-related businesses, with amounts lower than equivalent migration plans, to encourage a smooth conclusion of the ecosystem. HIP-1 and HIP-3 grants are based on auction deployment cost estimates, while HyperEVM grants are assessed based on the scale of USDH TVL affected. All beneficiaries must complete migration or business closure by the end of July.On the user side, USDH holders need to operate according to the guidelines of each protocol and can complete the exchange to USDC through the spot market or HyperEVM path. The official has provided support for asset conversion with no fees or spot trading channels. The Hyper Foundation also stated that the USDH migration is progressing smoothly, thanks to the active cooperation of developers and the community, and expressed gratitude to the relevant builders.

BlackRock deposited approximately $257 million in BTC and ETH into Coinbase Prime, and Hyperscale Data assets have fully covered its market capitalization

According to BBX data, yesterday institutional funds showed a divergence in their perception of the bottom for Bitcoin, with the core dynamics as follows:BlackRock, Inc. (NYSE: $BLK) yesterday, related entities under the company deposited 2,700 BTC (approximately $169 million) and 52,956 ETH (approximately $88.17 million) into Coinbase Prime institutional custody accounts, totaling about $257 million; reports also indicated "possible additional deposits." This deposit occurred against the backdrop of BTC approaching the key technical support level of $59,000, leading to divergent market interpretations: the optimistic interpretation believes that BlackRock is actively accumulating at the extremely low fear index of 18, signaling institutional-level bottom investment; the cautious interpretation suggests this could be passive rebalancing due to IBIT redemptions or internal asset rebalancing, and does not necessarily represent new buying. Regardless of the intent, the scale of $257 million accounts for about 0.5% of IBIT's current approximately $48 billion to $50 billion AUM, which is relatively small, but as a signal of institutional behavior in an extremely fearful market environment, it holds significant emotional reference value.Hyperscale Data Inc (NYSE: $GPUS) recently disclosed its balance sheet showing that the company holds a total of approximately $94.8 million in cash, restricted cash, Bitcoin, and silver, equivalent to 100.42% of the company's total market value of common stock—meaning the physical assets held by the company fully cover the current total market value. The company holds a 10-year, $1.2 billion AI computing power master service agreement (MSA), providing 20 megawatts of AI computing capacity for its Michigan facility, allowing for the continuous accumulation of Bitcoin and precious metals through cash flow from this contract without incurring debt. This business model—locking in cash flow with AI computing contracts and continuously accumulating hard assets with zero leverage—has been referred to by analysts as "the de-leveraged digital asset reserve model against the Strategy," providing a stark contrast in the current market context where Strategy leverage models are under pressure.

Data: In 2026, the total locked value in DeFi decreased by 39%, while TRON and Hyperliquid experienced counter-trend growth

CryptoRank's latest report shows that the total value locked (TVL) in DeFi has declined for six consecutive months, dropping from approximately $115 billion in January 2026 to about $70 billion currently, with a cumulative decline of 39% this year, reflecting the ongoing adjustment following the peak of the crypto market in 2025.Data indicates that since 2026, there have been 121 security incidents in the DeFi sector, resulting in total losses of approximately $942 million. Among these, 85 attack incidents occurred in the second quarter, with losses of about $775 million, making it one of the most frequently attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for more than half of the annual losses.Among the top ten public chains by TVL, only TRON and Hyperliquid achieved positive growth. Specifically, TRON's TVL increased by about 5% this year, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid grew by approximately 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem.However, the report points out that this round of the DeFi downturn is significantly milder than the cycle from 2021 to 2022. During that year, DeFi TVL plummeted by over 70% within seven months, whereas current funds are increasingly flowing into stablecoins, RWA, derivatives, and infrastructure sectors, indicating a more diversified and mature market structure compared to the previous cycle.
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