Hyper Foundation Unstakes 1M HYPE to Launch HPC

Find out our latest reports, listed below:

• 2026 – the year of RWA perps?

• Keep Calm and Carry Yen
  
  
• Bybit x Block Scholes: “2026: It's Different This Time?”

• Tokenised Markets on Bitget UEX: Unlocking Real-World Assets On-Chain for 24/7 Global Access

Market Snapshot: Overnight Moves

Daily Updates:

• BTC is still trading within $65,000 and $70,000, while ETH lost the $2,000 support level. 
• The rest of the majors including XRP, BNB, SOL and DOGE are all down between 3% and 5%. 
• Our Risk-Appetite Index is continuing to fall lower and slowly approaching the level it bounced from in late 2025. 

• Minutes from the FOMC’s Jan 27-28 meeting showed quite a hawkish tilt amongst policymakers, who used the meeting to express their view that inflation continues to remain stubbornly high. 
• The most hawkish element of the report was that “Several participants indicated that they would have supported a two-sided description of the Committee’s future interest rate decisions, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels”.

• The “vast majority of participants judged that downside risks to employment had moderated in recent months while the risk of more persistent inflation remained”. 
• That risk of sticky inflation meant “Several participants cautioned that easing policy further in the context of elevated inflation readings could be misinterpreted as implying diminished policymaker commitment to the 2 percent inflation objective, perhaps making higher inflation more entrenched”. 
• Additionally, “Some participants commented that it would likely be appropriate to hold the policy rate steady for some time as the Committee carefully assesses incoming data, and a number of these participants judged that additional policy easing may not be warranted until there was clear indication that the progress of disinflation was firmly back on track.”

• Despite those hawkish views, a small group of participants still favour additional easing — “several participants” believed further downward adjustment to the FFR “would likely be appropriate if inflation were to decline in line with their expectations.” 

• OpenAI and Paradigm have partnered to launch EVMbench, a new benchmark designed to evaluate how effectively AI agents can identify, exploit, and fix critical smart contract vulnerabilities.
• EVMbench draws on 120 curated vulnerabilities from 40 audits, including sponsored open-code audit competitions and security reviews for Tempo, the Layer 1 blockchain co-developed by Paradigm and Stripe, and tests AI agents capability modes like vulnerability detection, contract modification, exploit mitigation, and end-to-end fund-draining attacks in a sandboxed blockchain environment.

• Coinbase has expanded its onchain lending product, powered by DeFi protocol Morpho, to let eligible U.S. customers use XRP, Dogecoin, Cardano, and Litecoin as collateral to borrow up to $100,000 in USDC without selling their crypto. 
• This is an expansion to their previous offering which only allowed BTC and ETH as collateral, allowing loans of up to $5M and $1M respectively.

• The Hyper Foundation is unstaking and allocating 1M HYPE tokens to help launch the Hyperliquid Policy Center (HPC), a nonprofit focused on research and advocacy for decentralized finance in the US.
• The goal is to give the Hyperliquid community a presence in Washington and push for clearer, more workable regulations for DeFi, particularly around perpetual derivatives and decentralized markets via research, policy engagement, and direct outreach to lawmakers, serving as a resource for informed policymaking.

• XRPL has activated the XLS-81 “Permissioned DEX” amendment yesterday, introducing members-only, on-ledger trading venues built on the same mechanics as the network’s native DEX.
• The key change is access control, which is now a “permissioned domain” that allows the venue operator to define which approved entities can place orders and which can fill them, enabling participation to be linked to KYC/AML and other compliance requirements.
• The feature is designed for regulated institutions, such as banks and brokers, that want on-chain settlement and liquidity but cannot interact with fully open DeFi markets.

This Week’s Calendar:

Charts of the Day: