[Kraken Launches Wrapped Asset kHYPE Backed 1:1 by Custodied HYPE] Odaily Planet Daily reports that, according to official Kraken news, Kraken has launched the wrapped asset kHYPE. kHYPE is a wrapped asset of HYPE, backed 1:1 by HYPE custodied by Kraken, with reserves verifiable on-chain. Additionally, kHYPE can be used in DeFi applications on the Ink chain and can be redeemed for HYPE at any time.