Hyperliquid’s buyback model has received its first reported contribution from a source other than trading fees: yield earned on USDC reserves held in its ecosystem. The payment, worth about $14.58 million in USDC, is the first test of whether the protocol can turn stablecoin balances into recurring funding for HYPE purchases.

Crypto lending vaults held roughly $10 billion in deposits in September, according to S&P Global Ratings. Its new Vault Risk Assessment addresses a problem that on-chain data alone cannot solve: a visible pool of assets does not show how easily depositors could lose money or struggle to withdraw it.

Zcash’s public testnet began producing 25-second blocks on October 5, reaching NU7’s activation height a day before the October 6 date previously expected. The shorter interval will be visible to users, but the next few weeks are really about whether the services around Zcash can operate smoothly at the new pace.

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