Bitwise HYPE ETF attracted buy orders worth $11.31 million in the past two hours.

May 27 — Bloomberg Senior ETF Analyst Eric Balchunas shared on X that the 2x leveraged SK Hynix ETF (ticker: 7709) listed in Hong Kong has seen its assets under management (AUM) surge nearly tenfold this year. It’s now Hong Kong’s third-largest ETF, making up roughly 8.5% of the city’s total ETF AUM. The fund has also seen exceptional trading activity, with daily volume exceeding $1 billion. When scaled to U.S. market terms, that translates to around $150 billion in daily trading — a level rarely witnessed in the global ETF space. Balchunas emphasized that, proportionally, this ETF’s size in the U.S. market would equate to an approximately $13 trillion product — a scale with no global counterpart as of yet. Industry observers note this trend signals growing investor concentration in Hong Kong’s derivative ETFs and single-asset leveraged products, while highlighting Asia’s rising activity in high-risk structured ETF trading.

On May 27, official sources confirm Falcon Finance has partnered with Anchorage Digital to launch fUSD, its new stablecoin. Built on the GENIUS framework, fUSD provides an approximate 3% annualized reward program for eligible institutional holders. Backed by Falcon’s own balance sheet, the stablecoin allows holders to participate in yields from its stablecoin reserve, supports high-value settlements, and features fully transparent reserves.

On May 27, the White House’s Rapid Response account on X pushed back against claims from Iranian media about a supposed Memorandum of Understanding (MOU) between Iran and the U.S., stating flatly: “The content of the Iran-U.S. Memorandum of Understanding released by Iranian media is completely fabricated. No one should believe any content from Iranian official media—facts are crucial.” Earlier, Iranian sources disclosed a “preliminary informal document” outlining the framework of a potential Iran-U.S. MOU, covering issues including the Strait of Hormuz, regional military deployments, and future agreement terms. According to that document, the U.S. has pledged to lift its “maritime blockade” on Iran and withdraw some military forces stationed near the country. In exchange, Iran would gradually restore commercial vessel passage through the Strait of Hormuz to pre-crisis levels within one month (excluding military vessels). Vessel passage management and route arrangements would be join

On May 27, Block’s Cash App began the phased rollout of USDC payment functionality. The feature is currently available to 25% of its nearly 60 million total users, with plans to expand access to all users by this weekend. This functionality supports USDC across four blockchains: Solana, Ethereum, Polygon, and Arbitrum. It lets users deposit USDC to top up their Cash App fiat balance or withdraw USDC holdings to an external account.

May 27: Blockworks’ Transparency Alliance, a new crypto industry initiative, was formally established with backing from over 40 leading firms including Coinbase, Kraken, and Binance.US. The alliance’s core goal is to develop a unified token disclosure standard to boost market transparency and attract institutional investment. Built on Blockworks’ Token Transparency Framework, the initiative aims to create standardized disclosure rules for crypto assets—modeled after requirements for public stocks—to help investors gain clearer visibility into token structures and associated risks. The framework covers key areas: token issuance structures, internal holding distributions, market maker arrangements, exchange listing terms, and buyback mechanisms. It is split into two core document systems: one-time pre-issuance disclosure and ongoing update disclosures. To date, 44 projects including Morpho, Jupiter, Spark, and dYdX have completed filings under this framework. Industry experts no

Per Hyperinsight monitoring: On May 27, HYPE whale address bizyugo.hl undelegated 300,000 HYPE, worth ~$18.1 million. Following this move, the address still has over 700,000 HYPE staked, valued at roughly $47 million.