Smart Kraken has been treating HYPE as a strategic asset all along. From launching HYPE spot trading, to introducing staking with rewards, and now launching kHYPE on the @inkonchain network, Kraken has undoubtedly become the CEX with the deepest integration of HYPE products. kHYPE is backed 1:1 by native HYPE custodied by Kraken and issued on the Ink chain in ERC-20 form, serving as a blue-chip DeFi asset on the Ink network. Looking at it this way, the earlier rumors about Kraken planning to become the HIP-3 deployer don’t seem baseless—it’s likely already moving forward quickly. Bullish for HYPE.