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Post To Earn BonusGrayscale Dumps Coinbase for Anchorage in HYPE ETF Custody Shake-Up Leading asset manager Grayscale has now updated its $HYPE ETF (ticker: GHYP) filing with the US Securities and Exc

Grayscale Dumps Coinbase for Anchorage in HYPE ETF Custody Shake-Up

Leading asset manager Grayscale has now updated its $HYPE ETF (ticker: GHYP) filing with the US Securities and Exchange Commission (SEC) to designate Anchorage Digital as its custodian, replacing Coinbase.

$HYPE ETF: Why Grayscale has replaced Coinbase with Anchorage Digital

Notably, Grayscale has decided to replace Coinbase with Anchorage Digital, mainly for competition, concentration, and regulatory reasons.

In terms of competition, Hyperliquid (the protocol behind the $HYPE token) has become a prominent rival to Coinbase. The decentralized exchange recorded about $2.6 trillion in notional derivatives volume for 2025/early 2026. Meanwhile, Coinbase reported $1.4 trillion over the same period. These two, being opponents, therefore create a conflict of interest in the contract.

Secondly, regulators and issuers are continuously pushing for the diversification of custodians to prevent market monopoly and the associated financial risks. Coinbase is already custodian to about 80% of the US spot crypto ETF market.

Thirdly, Anchorage Digital stands out for its compliance, as it is the only federally chartered crypto bank in the US. In contrast, Coinbase remains state-regulated.

Another reason for the shift is risk reduction, which has also led BlackRock to choose Anchorage as its secondary custodian for its Bitcoin and Ethereum trusts.

Furthermore, Anchorage offers robust institutional staking services. This aligns with Grayscale’s plans to offer staking rewards for the ETF product, pending regulatory approval.

Competitor’s action and $HYPE price

Grayscale competitors like 21Shares and Bitwise have made the same change for the same reasons.

At press time, the $HYPE token had suffered a minor 0.23% pullback to $41.03 amid heightened sell pressure.
Source: CoinMarketCap

However, institutional interest and token burns are seen as major fundamental positives for the ecosystem. 

Grayscale Dumps Coinbase for Anchorage in HYPE ETF

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On April 21, with time still remaining before the upcoming U.S. midterm elections, Trump's super PAC raised $35.6 million in March, bringing its campaign fund reserve to $550 million, the highest ever

Trump's Midterm Election Fund Rises to $550 Million; Marc Andreessen and Ben Horowitz Each Donate $3

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Daily $5000U Airdrop: One Tap to ClaimA suspected state‑linked $13m hack has shuttered sanctioned Russian crypto exchange Grinex

A suspected state‑linked $13m hack has shuttered sanctioned Russian crypto exchange Grinex, cutting a major ruble‑to‑crypto sanctions‑evasion channel. Summary Russian-linked crypto exchange Grinex shuts down after losing over $13m in a suspected state-level cyberattack Platform, already sanctioned by the U.S., U.K. and EU, was a key ruble off‑ramp helping Russian businesses dodge sanctions Experts say the loss of Grinex will “seriously damage” Russia’s shadow economy and its ability to move money offshore A major Russian cryptocurrency exchange used to funnel money around Western sanctions has shut down after a suspected large‑scale cyberattack that wiped out more than $13 million and severed a critical financial channel for the country’s shadow economy. According to DL News, Grinex reported losing over 1 billion rubles, or roughly $13 million, in a hack that targeted its core wallet infrastructure, prompting it to halt trading and withdrawals before announcing it would cease operations entirely. In a statement on its Telegram channel, the platform claimed the breach showed “signs of involvement from foreign intelligence agencies,” suggesting the tools and resources used were “beyond typical hackers” and part of “broader pressure on the Russian financial system.” Sanctions hub taken offline Grinex was created by former Garantex employees as a successor platform after U.S. authorities and allies sanctioned Garantex for processing more than $100 million in ransomware and other illicit flows, according to the U.S. Treasury’s Office of Foreign Assets Control. OFAC described Grinex as “another cryptocurrency exchange created by Garantex employees to support the company’s sanctions evasion efforts,” and in August 2025 it sanctioned Grinex alongside A7A5, a ruble‑backed token that helped move Russian funds through Kyrgyz and other regional intermediaries. Cha

A suspected state‑linked $13m hack has shuttered s

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Post To Earn BonusPhoenix Finance Partners With ENI To Advance RWA Yield Stablecoin Trading With Scalable, Cross-Chain Execution

Phoenix Finance Partners With ENI To Advance RWA Yield Stablecoin Trading With Scalable, Cross-Chain Executions



As part of efforts to advance decentralized network execution and cross-chain transfers, Phoenix Finance, a stablecoin-focused DeFi protocol, today entered into a strategic alliance with ENI Blockchain, an enterprise-grade, high-performance modular Layer-1 blockchain designed to drive mass commercial adoption. With the collaboration, Phoenix Finance integrated ENI’s high-performance interoperability Layer-1 blockchain to deliver seamless cross-chain asset movements and real-time sophisticated trading executions (settlements), seeking to drive institutional participation on its AI-driven RWA yield stablecoin protocol.

Phoenix Finance is an RWA-backed yield-focused stablecoin protocol that aims to address the structural challenges of idle DeFi assets and fragmented liquidity by transforming inactive RWAs (real-world assets) into active, yield-generating capital. By leveraging artificial intelligence, Phoenix Finance turns asset-backed stablecoins (PUSD, auto-compounding savings (yPUSD), and fixed-income notes (PYN) into high-yield on-chain capital, merging real-world yields, liquid assets, and decentralized settlement into a unified ecosystem.

🚀 ENI x Phoenix Finance | Official Collaboration@ENI__Official partners with @Phnx_fi, an RWA-driven yield-bearing stablecoin protocol turning real-world cash flows into composable on-chain yields through AI.

With PUSD, yPUSD, and PYN, this collaboration advances capital… pic.twitter.com/dwP7mm9hOj

— ENI (@ENI__Official) April 20, 2026

Phoenix Finance Taps ENI To Drive Network Efficiency

Using the partnership above, Phoenix integrated ENI’s high-performance blockchain to power efficient cross-chain asset transfers, rapid network execution performance, and system scalability on its RWA yield stablecoin platform. ENI

Phoenix Finance Partners With ENI To Advance RWA Y

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Daily $5000U Airdrop: One Tap to ClaimSouth Korea’s KOSPI index climbed to an all-time high on Tuesday, driven largely by strong

South Korea’s KOSPI index climbed to an all-time high on Tuesday, driven largely by strong gains in technology stocks, particularly semiconductor giants benefiting from the artificial intelligence (AI) boom. The benchmark index surged as much as 2.2%, reaching a record 6,355.39 points, reflecting growing investor confidence in memory chip makers and their expanding role in the global AI supply chain.A major contributor to the rally was SK Hynix Inc, which jumped over 4% to hit a record high. The stock extended its upward momentum after the company announced it had begun mass production of a key high-performance memory module designed for advanced AI processors developed by Nvidia. As one of Nvidia’s primary suppliers, SK Hynix has seen significant growth fueled by rising demand for AI-driven technologies, including data centers and machine learning systems.Investor sentiment toward SK Hynix has also been supported by ongoing discussions about its profitability, although some recent online speculation about profit-sharing has been unfounded. Despite this, the company continues to benefit from strong fundamentals tied to the booming semiconductor and AI industries.Samsung Electronics, another major player in the global chip market, also saw its shares rise by approximately 2%, nearing its own record high. The performance of both SK Hynix and Samsung highlights the strength of South Korea’s semiconductor sector, which remains a key driver of the country’s stock market.Beyond technology stocks, broader market optimism was fueled by geopolitical developments. Reports suggesting that the United States and Iran may resume peace talks ahead of a looming ceasefire deadline helped boost global risk appetite. This positive sentiment extended across Asian markets, further supporting gains in the KOSPI.Overall, the surge in South Korean stocks underscores the growi

South Korea’s KOSPI index climbed to an all-time h

On April 21, according to Reuters, SpaceX's IPO prospectus revealed that President Gwynne Shotwell's total compensation last year reached $85.8 million, placing her among the highest-paid executives i

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A bill meant to bring order to the US crypto market is stuck in Congress, caught between two powerfu

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On April 21, Aave released an update on the rsETH incident, referencing a LlamaRisk report that outlined two scenarios for handling bad debt: 1. Socializing losses across the entire chain; 2. Limiting

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On April 21, Reuters reported that SpaceX's IPO prospectus revealed that President Gwynne Shotwell's total compensation last year reached $85.8 million, placing her among the highest-paid executives i

SpaceX IPO Filing Reveals Musk's Symbolic Salary, President's Total Compensation Reaches $85.8 Milli

On April 21, the Arbitrum Security Council announced that it has taken emergency action to rescue 30,766 ETH stored in an Arbitrum One address related to the KelpDAO exploit. With the assistance of la

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