Das Unternehmen plant, die beliebtesten US-Aktien als ERC-20-Token im Ethereum-Netzwerk anzubieten, was einen 24/5-Handel und eine DeFi-Integration ermöglicht.
Hyperliquid plans automated refunds for users affected by API outage
- Hyperliquid API outage halted trading for over 30 minutes.
- Frontend crash revealed DeFi’s centralised weak points.
- Automated refunds planned for affected users.
Hyperliquid, a fast-growing decentralised exchange built on its own Layer 1 blockchain, has announced it will compensate users affected by a sudden API outage that disrupted trading activity on Tuesday.
The API outage, which occurred on July 29 between 14:10 and 14:47 UTC, left users unable to close positions, execute trades, or withdraw funds through standard interfaces.
Although the backend of the protocol, including the Hyperliquid DEX, consensus mechanism, and HyperEVM, remained operational, the frontend’s failure highlighted a critical vulnerability in many DeFi systems: their reliance on centralised infrastructure for user access.
The Hyperliquid API crash that froze trading for over 30 minutes
The disruption began shortly after 14:10 UTC, when users started reporting significant delays and errors during trade execution.
By 14:20, the exchange’s front end had effectively frozen, preventing any interaction with the protocol through the mobile app or website.
Hyperliquid later confirmed, in its status page, that the root cause was a massive spike in API traffic, not a hack or security exploit.
The surge overwhelmed the centralised servers responsible for relaying information between the frontend and the decentralised backend.
Despite the DEX continuing to produce blocks and confirm transactions, users saw error messages and were unable to take any action.
This mismatch between what was happening on-chain and what users could see or do through the interface caused widespread confusion.
It also led to price divergences as open positions went unmanaged during volatile moments.
Refunds will be automated, no tickets needed
In response, Hyperliquid has pledged to issue refunds to users who were adversely affected during the outage.
The team announced on both Telegram and Discord that the refunds would be determined through an automated process.
“Refunds will be determined in an automated fashion; impacted users do not need to open a ticket at this time,” the Hyperliquid team stated. They also mentioned that a follow-up update detailing the refund methodology would be shared in the coming days.
This move aims to restore user confidence and ensure fair treatment for those who experienced slippage or losses due to the outage.
Hyperliquid emphasised that only users who encountered execution issues during the specified downtime would be eligible.
Market reaction and user sentiment
Following the outage, the platform’s native token, HYPE, dropped nearly 5%, falling from $45 to a low of $42.43.
It has, however, recovered slightly to $44.87.
The decline in token value underscores the market’s sensitivity to operational disruptions, especially those that affect user access and trust.
While Hyperliquid’s quick response and commitment to refunds may ease some concerns, the event has added to growing scrutiny around DeFi platforms’ dependence on centralised frontend components.
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Wyoming Senator pushes bill to allow crypto in mortgage
- Senator Lummis has introduced a bill to include crypto in mortgage approvals.
- The bill targets young buyers and aligns with FHFA’s recent crypto directive.
- Critics cite crypto’s volatility as a mortgage default risk.
US Senator Cynthia Lummis of Wyoming has proposed legislation that, if passed, would require housing finance agencies to consider digital assets in evaluating mortgage loan applications.
The bill has sparked debate on Capitol Hill, with supporters viewing it as a step toward financial modernisation and critics warning of potential risks.
Bill tied to recent Federal Housing directive
The proposed legislation, known as the 21st Century Mortgage Act, aims to codify a recent order issued by the Federal Housing Finance Agency (FHFA).
That order directed Fannie Mae and Freddie Mac, two key mortgage purchasers in the US, to factor in cryptocurrencies as part of asset evaluations for single-family mortgage loans.
Senator Lummis announced the bill shortly after the FHFA directive, stating that congressional action was needed to ensure the order becomes permanent law.
According to the senator, the bill reflects a modern approach to wealth-building, especially for younger Americans who are more likely to own digital assets than traditional property or savings.
Targeting the younger generation of buyers
Citing US Census Bureau data, Lummis noted that homeownership among Americans under 35 stood at just 36% in the first quarter of 2025.
For many in this demographic, crypto represents a significant portion of their net worth.
Therefore, the bill seeks to address a growing need to consider all forms of personal wealth — not just fiat or traditional assets — during the mortgage approval process.
The bill would allow borrowers to retain their cryptocurrency holdings without being forced to liquidate them into US dollars for mortgage consideration.
This approach, Lummis argues, keeps pace with how wealth is evolving and acknowledges the financial reality of modern young adults.
Pushback from Democratic lawmakers
Despite its potential to expand financial inclusion, the bill has faced early resistance.
Several Senate Democrats have expressed concern over the FHFA order, and by extension, the proposed legislation.
In a letter sent to FHFA Director William Pulte on July 24, they urged the agency to fully evaluate the risks and benefits of integrating crypto into mortgage evaluations.
According to the letter, a borrower who relies on volatile digital assets may struggle to convert those holdings into cash during a downturn.
That, in turn, could raise the risk of mortgage default, which would impact not only the individual borrower but also the broader financial system.
Broader crypto legislation on the horizon
The 21st Century Mortgage Act is just one of several crypto-related bills making their way through Congress.
Senator Lummis is also spearheading a separate effort to establish a comprehensive framework for digital asset markets.
Meanwhile, the Senate is reviewing another bill that would ban the Federal Reserve from launching a central bank digital currency (CBDC), following its approval in the House earlier this month.
On the House side, a similar bill has already been introduced by Representative Nancy Mace.
Known as the American Homeowner Crypto Modernisation Act, Mace’s bill would mandate mortgage lenders to consider the value of digital assets held in brokerage accounts linked to crypto exchanges during the credit evaluation process.
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XRP-Einbruch? Open Interest fällt stark
XRP-Futures-Daten zeigen eine neutrale Stimmung trotz des zweistelligen Kursrückgangs beim Altcoins von 3,66 US-Dollar.
Michael Saylor’s Strategy snaps up 21K Bitcoin after 2025’s biggest IPO
- Strategy bought 21K Bitcoin using $2.5B from the STRC stock sale.
- STRC IPO is 2025’s biggest, offering a 9% monthly dividend.
- Strategy now holds 628,791 BTC worth nearly $74 billion.
In a bold continuation of its aggressive Bitcoin (BTC) accumulation strategy, Michael Saylor’s Strategy Inc. has acquired 21,021 Bitcoin after executing what is now the largest initial public offering (IPO) in the United States in 2025.
The company, formerly known as MicroStrategy, announced on July 29 that it had completed the massive purchase using proceeds from its latest preferred stock offering.
This landmark move comes amid a relatively volatile Bitcoin market and further cements Strategy’s dominance as the world’s largest publicly traded corporate holder of the cryptocurrency.
Michael Saylor’s Strategy record IPO
Strategy raised a staggering $2.5 billion through the public sale of its new Variable Rate Series A Perpetual Preferred Stock, designated as STRC.
The stock was offered at $90 per share, significantly surpassing the company’s initial fundraising goal of $500 million.
According to the company’s press release, the offering drew strong investor demand, allowing Strategy to quintuple its original target.
With the offering successfully closed, Strategy quickly deployed $2.46 billion of the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per coin.
This acquisition marks the company’s largest Bitcoin buy since March 31 and brings its total holdings to 628,791 BTC — now valued at nearly $74 billion.
STRC set to begin trading on Nasdaq
The newly issued STRC preferred shares are expected to begin trading on the Nasdaq Global Select Market on July 30.
Strategy describes STRC as the first exchange-listed perpetual preferred security from a Bitcoin treasury company that offers monthly, board-adjusted dividends to income-focused investors.
The initial dividend rate has been set at 9%.
STRC is the latest in a series of financial instruments created by Strategy to support its Bitcoin strategy.
Previous offerings include STRK (Strike), a convertible share with an 8% fixed dividend, STRF (Strife), a non-convertible preferred share with a 10% cumulative yield, and STRD (Stride), which offers a 10% non-cumulative dividend.
Together, these products reflect the company’s broader strategy of turning capital markets into a Bitcoin acquisition engine.
Timing the Dip, Saylor doubles down
Interestingly, Strategy’s Bitcoin purchase comes at a time when the cryptocurrency is trading below its all-time high.
Bitcoin reached a record $123,091.61 on July 14 but has since hovered between $117,000 and $119,000.
Strategy’s move is widely seen as an effort to capitalise on the pullback, with many analysts describing it as one of the biggest “buy-the-dip” moves in crypto history.
Michael Saylor, Strategy’s executive chairman and co-founder, remains one of Bitcoin’s most vocal proponents.
Saylor has previously stated that he believes Bitcoin could reach $13 million per coin by 2045.
His continued confidence in the digital asset, despite its short-term volatility, is evident in the scale and timing of this latest purchase.
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