Native Markets Secures 30.8% of Stake in Hyperliquid’s USDH Vote

Market Summary

The latest developments in the crypto markets include:

In Hyperliquid's stablecoin vote, Native Markets leads with 30.8% of the delegated stake, supported by validators infinitefield.xyz (13.5%) and Alphaticks (5.2%).
Paxos Labs holds 7.6%, while Ethena has gained 4.5%. A majority of 57% of the stake remains unassigned.
Prominent validators will influence the final outcome before the September 14 deadline.
Hyperliquid currently manages $5.5 billion in USDC deposits, with potential implications for annual Treasury yield if replaced by USDH.
BTC is trading at $114,053, up 2.6% in 24 hours. ETH is at $4,373.99, increasing by 2% amid validator penalties.
Gold remains around $3,635 per ounce, with ANZ predicting a year-end target of $3,800 due to strong investment demand.
Nikkei 225 increased by 0.23%, while S&P 500 reached a record high of 6,532.04 on positive economic data.

Trump’s CFTC hopeful Quintenz publicly disputes Tyler Winklevoss.
Polygon implements a hard fork to fix transaction delay issues.
Elliott Management warns of an impending collapse in crypto due to inflated valuations linked to political influences.