News

According to ChainCatcher, citing SoSoValue data, yesterday (May 18, US Eastern Time) HYPE spot ETFs recorded a total single-day net inflow of 4.418 million USD. The HYPE spot ETF with the highest net inflow yesterday was 21Shares Hyperliquid ETF (THYP), with a single-day net inflow of 2.3734 million USD. The current historical total net inflow has reached 12.901 million USD. Next was Bitwise Hyperliquid ETF (BHYP), with a single-day net inflow of 2.0446 million USD. Its current historical total net inflow stands at 2.0446 million USD. As of press time, the total net asset value of HYPE spot ETFs is 185.854 billion USD, HYPE net asset ratio is 0.17%, and the cumulative historical net inflow has reached 69.428 billion USD.

BlockBeats News, May 19th, according to official Pendle data, it holds 2,453,331 STRC in a non-custodial manner through the STRC yield token market, becoming a core on-chain venue for digital credit yield discovery and liquidity. Meanwhile, the liquidity pool of USDG, with US Treasury bonds as the underlying asset, on Pendle also quickly grew to a TVL of $230 million after just one weekend. The $120 million allocation of Pendle PT-USDG on Aave has also been fully utilized. As the US Treasury and structured credit asset markets continue to expand, Pendle's Real World Assets (RWA) total locked value has increased to 97%, further strengthening its leading position in the on-chain yield trading space.

BlockBeats News, May 19th, according to Bloomberg, the U.S. SEC is set to launch this week a "Innovation Exemption" policy for tokenized stocks, creating a new framework for on-chain trading of digital securities. The SEC is leaning towards allowing third parties to issue tokens pegged to stock prices without the authorization or consent of the underlying companies, and to be traded on DeFi platforms. The report stated that these third-party tokens are essentially synthetic assets tracking stock prices, and some products may not have the same voting rights or dividends as regular stocks. According to the SEC proposal, if the platforms fail to offer these rights, they will lose eligibility to list such tokens. This initiative is seen as the first large-scale test of U.S. regulation to migrate stock trading to crypto infrastructure. Proponents believe that tokenized securities can achieve near real-time settlement and 24/7 trading, improving market efficiency; while opponents are concerned about market fragmentation, decreased price transparency, as well as weakened KYC and AML protections. Currently, institutions such as the NYSE, Nasdaq, and Bullish have all entered the tokenized stock market. Previously, the U.S. Senate Banking Committee also advanced the Digital Asset Market Structure and Investor Protection Act known as the "Clarity Act."