Weekly Update

Product & Tech
+ Coinbase and Circle announced their plans to activate AQAv2 on USDC. HIP-4 markets will use USDC as the quote asset in a future network upgrade. For more, see https://t.me/hyperliquid_announcements/548
+ In approximately one month, the active validator set will increase from 24 to 27 validators. Note that the validator set will remain permissionless, as it currently is.

Trading
+ HIP-3 markets reached a new ATH of $2.6B in open interest
+ Trade.xyz's CBRS market transitioned from pre-IPO perp (IPOP) to a regular perp, and SPCX IPOP was listed: https://x.com/tradexyz/status/2056159560470319515

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Euler is transitioning HypurrFi lending in-house: https://x.com/eulerfinance/status/2055307187061231838
+ Liquidiction added support for HIP-4: https://x.com/liquidictionhl/status/2050507593378861404