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Native Markets, one of the teams that submitted a proposal to issue and manage the Hyperliquid crypto exchange’s US dollar stablecoin (USDH), officially claimed the USDH ticker on Sunday, following a community vote.The project will deploy the inaugural Hyperliquid Improvement Proposal (HIP) for USDH…
Ethena, the team behind the USDe synthetic dollar protocol, has withdrawn its bid to issue Hyperliquid’s USDH stablecoin, conceding to concerns raised in direct discussions with community members and validators. In a X statement Thursday, the Ethena team acknowledged pushback over not being a Hyperl…
The US Treasury Department has sanctioned Huione Group, a Cambodian-based crypto operation, for enabling money laundering and scamming activities. The Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the sanction, arguing that Huione allowed North Korean hackers to secure their fun…