Hyperliquid's treasury company Hyperion DeFi filed an 8-K stating that due to the upcoming shutdown of the stablecoin USDH, the company will terminate two HYPE deployment agreements related to Felix Foundation and Native Markets. As of March 31, the two agreements involved assets valued at approximately $28.7 million, corresponding to about 800,000 HYPE. Of these, 500,000 HYPE will be unstaked and returned to the company in late June, while another 300,000 HYPE was returned on June 3. Hyperion stated that the recovered HYPE will be redeployed into other strategies. (The Block) https://(wublock123.com)/news/hyperion-defi-terminates-28700000-hype-deployment-after-usdh-shutdown-62338