HYPERION DEFI, INC. 8-K

What Happened Hyperion DeFi, Inc. (HYPD) filed an 8-K on June 5, 2026 reporting developments tied to Native Markets’ May 14, 2026 decision to end support for the USDH stablecoin. Native Markets terminated the Temporary Use Agreement with Hyperion effective June 18, 2026; Hyperion received fees under that agreement and had 300,000 HYPE (plus accrued staking rewards) unstaked and returned on June 3, 2026. Separately, on June 5, 2026 Hyperion agreed with Felix Foundation to wind down its HAUS Asset Use Service (HAUS) related to the HIP-3 market; the company anticipates unstaking 500,000 HYPE on June 22, 2026 and expects remaining payments and full availability of that HYPE by June 29, 2026. Hyperion plans to reposition the combined ~800,000 HYPE tokens into strategies it expects will be more profitable.

Key Details

• Native Markets announced end of USDH support on May 14, 2026 and granted Coinbase rights to USDH brand assets; Coinbase plans to deploy USDC on Hyperliquid.
• Native Markets terminated Hyperion’s Temporary Use Agreement effective June 18, 2026; 300,000 HYPE (plus accrued rewards) were unstaked and returned June 3, 2026.
• Hyperion and Felix agreed June 5, 2026 to wind down the HAUS agreement; Hyperion expects to unstake 500,000 HYPE on June 22, 2026 and receive all remaining payments by June 29, 2026.
• As of March 31, 2026, assets associated with the Native Markets transaction were about $10.4 million and assets tied to the HAUS agreement with Felix were about $18.3 million.

Why It Matters These actions reduce Hyperion’s exposure to USDH-related arrangements and free up roughly 800,000 HYPE tokens and related cash/payments tied to two material relationships. For investors, the filing clarifies timing for when HYPE tokens and contract payments will become available (early-to-late June 2026) and signals management’s intent to redeploy those tokens into other strategies. The reported asset values ($10.4M and $18.3M as of March 31, 2026) provide context for the scale of the wind-down.