HYPE Token Surges as Hyperliquid Allows Direct Borrowing

Hyperliquid's HYPE token surged 6.7% to $90.83 after announcing direct borrowing on its platform, allowing users to supply HYPE or BTC as collateral for loans with loan-to-value ratios of 65% and 50%, respectively.

The token has gained 30% in the past two months alone, hitting a record high of $92.43 earlier in the session. Covered bonds saw new issuance reach 169 billion euros ($194 billion) so far this year, surpassing last year's total, according to UBS's Annalaura Capuano.

Capuano noted that euro covered bonds new issuance is expected to reach around 180 billion euros by the end of this year. In contrast, home sellers gave concessions to buyers in 44.7% of US home sales in August, up from 42.6% a year earlier and the highest share for that month since at least 2020.

Michelle Bowman, Vice Chair for Supervision of the Fed's Board of Governors, announced initial findings of an independent review into Silicon Valley Bank's collapse in 2023, attributing it to 'a confluence of vulnerabilities' including real but unrealized accounting losses on its securities portfolio that exceeded its capital.

Brookfield Asset Management is positioned to double its fee-bearing capital to $1.3 trillion by 2031 while driving high-teens earnings growth, according to RBC's Bart Dziarski. Malaysia's inflation is expected to remain contained in 2026, Kenanga Investment Bank says, as it lowers its estimates to 1.9% from 2.1%.