Hyperliquid’s USDC Yield Program Gets $14.6 Million for HYPE Buybacks

Crypto Insight Summary: The first reserve-yield payment awaits transfer to the Assistance Fund, adding buyback funding tied to USDC balances rather than trading volume. Crypto Insight Analysis: Direction: Bullish HYPE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: USDC yield program boosts buyback funding, potentially increasing demand for HYPE.