1/ Pump Fun bought back 36.5M PUMP tokens yesterday across 3 tx's, at an average price of $0.0058 per token. Since launch, they've bought back 3.03B PUMP (currently worth approx. $13.7M) The team spent $19.5M across purchases since launch - a ~30% unrealized loss.

The @HyperliquidX AF bought back approximately $4.8M USD (102.7K HYPE) of HYPE at an average price of $46.34 yesterday. Over the past 6 days, the AF has bought back $21.6M USD (454.8K HYPE) representing approximately 0.14% of the circulating supply at an average price of 47.41.

We first wrote our Crypto x AI thesis back in March 2024. Since then we have been active contributors, investors and infrastructure providers to many Crypto AI projects. Today, we are excited to announce we are joining the @talos_is council as one of the "humans on the steering wheel" (@VitalikButerin's words) to help shape Talos capital allocation and vote on treasury proposals. Excited for the future of sovereign AI.

You can use our early access code to access the kHYPE AMM (@kinetiq_xyz). Valantis Early Access Code: hyperps_core_stakehub The code is only valid for the first 15 wallets!

1/ We just published our @Dune dashboard tracking the @pumpdotfun PUMP buybacks. Pump Fun has bought back 2.993B PUMP tokens (worth approximately $19.25M) over the past day. This represents 0.2993% of the total supply. Their largest single buy was at 17:32 UTC, where the team bought $1.23M USD worth of PUMP - approximately 27.27M PUMP tokens.

Kinetiq is now live on Hyperliquid mainnet. Heavily kHYPE coded. Liquid stake your HYPE for kHYPE now –– visit to get started.

Driven by PUMP & elevated volumes with BTC trading near ATHs, the Hyperliquid Assistance Fund’s buyback program set a daily record—repurchasing $3.97 million of HYPE tokens at an average price of $48.43, the largest dollar-value buyback since we began tracking in March.

XPL is almost here. Learn more about the upcoming public sale and the XPL token now.

Great piece from @asxn_r on @ethena_labs sUSDE has quickly become a pivotal piece of the DeFi ecosystem, with $2.05bn (65% of toal sUSDE) currently in Pendle via the sUSDE-31JUL2025 market The PT for this market is also being productively utilized via Aave, and is currently the 8th largest asset by collateral asset supplied on the platform. While the top 10 suppliers of the PT on Aave account for 46% of the total amount, none of the top borrowers are taking any non-stable borrow risk against their collateral - highlighting the appetite and opportunity for stablecoin yield at size Be sure to read ASXN's full report to get the deep dive look on all things Ethena

USDe, Converge and The New Frontier: A @ethena_labs and @convergeonchain report Where we look at: - USDe, USDtb and iUSDe mechanics, growth, risk profiles and yield - Ethena's complementary product suite - Converge's architecture and initial ecosystem