Today in DeFi

Today in DeFi

Hyperliquid L2 Elysium Launches, US Approves Stock Perps

Nov 09, 2026
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DeFi📈

  • Elysium, Kinetiq’s Layer 2 for Hyperliquid, launches its public mainnet on Nov 9. It uses HYPE for gas and runs 100 ms blocks; day-one apps include Nest DEX, pump.fun, and Derive.

    • Sequencer fees are reportedly 50% directed to KNTQ buybacks, and native HyperCore order placement is planned about four weeks later.

  • Aave V4 added collateral swaps on Aave Pro for Ethereum, Base, and Avalanche, so you can swap collateral without closing positions.

  • Aave set a vote on native BTC as collateral for V4 stablecoin loans, covering Babylon vaults, and Babylon says the Snapshot is live.

  • Kraken’s parent Payward and its clients bought an undisclosed amount of AAVE on the secondary market and may buy more.

  • Base Denim is live on mainnet with 200ms blocks, five complete blocks per second (Alchemix).


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Issues ⚠️

  • FinCEN ordered US banks and payment firms to stop processing transfers with MEXC, citing $16.7B in suspect flows from May 2021 to May 2026. The order binds US institutions, not MEXC itself, and users report deposit restrictions at OKX, Binance, and other exchanges.

    • If you hold funds on MEXC, check withdrawal and deposit rules before moving them.

  • Mercado Bitcoin, Brazil’s exchange, was hacked, with Hypernative estimating $40M+ across 10+ chains (unconfirmed). Arkham shows the hacker holding about $46M, and Tether froze over 4.5M USDT. The exchange says no customer will lose funds, blocked $12.9M in affected assets, and plans a view-only reopening.

  • Binance says a fake job interview opened the path into its $6.34B hack. CZ says it covered the full loss from its own balance sheet, a Binance-side claim, and net outflows hit $14.1B over the week. North Korea denied the attribution.

  • Trade.xyz reported unauthorized activity on its GitBook docs, restored as of 9:15 AM ET, and hasn’t said what changed or whether funds were affected (Cointelegraph).

  • Anza urged a Solana patch: unpatched nodes risk forking off, and the fix is in Agave 4.4.1.


Stablecoins/RWA🪙

  • Kamino launched PT-reUSD and PT-ONyc USDG markets, both curated by Steakhouse; you can also borrow USDG against PT-ONyc.

  • Exponent launches ONycSOL pre-deposits; a SOL token earning staking yield plus reinsurance returns from OnRe’s ONyc, managed by RockawayX.

    • Pre-deposits come with $20K and 4x OnRe Points in rewards.

  • Aave V4 listed SPCXc on the Coinbase Tokenized Stocks market on Base, though the post doesn’t define SPCXc beyond the ticker.

Perps DEX📉📈

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  • The CFTC says perpetual futures on individual stocks can now trade on CFTC-registered exchanges that are also registered with the SEC for security futures. Only CFTC-registered exchanges like Kalshi and Coinbase Perps are SEC-registered for security futures.

  • Hyperliquid filed for US regulatory approval for perps futures trading, and Hyperliquid Strategies seeks FCM registration. The filing specifics are unverified.

News🗞️

  • Binance Names Justin Yek as New CFO After the Theft. Bloomberg reports Kaiser Ng plans to leave, and Binance says handover planning predates the theft.

  • Democrats won the House and Senate in the Nov. 3 midterms, and Elizabeth Warren is in line to chair Senate Banking. TD Cowen expects the CLARITY Act not to pass over the next two years. The White House is also reviewing an SEC plan to rewrite crypto broker capital and custody rules.

  • Strategy bought 811 BTC (~$65.5M) and repurchased $208.2M of STRC, holding 849,327 BTC and $4.9B in USD assets as of Nov 1 (Saylor, Wu). WatcherGuru reports 810 BTC, a slight difference.


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