Bitwise chief investment officer Matt Hougan likened Hyperliquid to Amazon, saying the platform is on track to become "a financial juggernaut." The Hyperliquid (HYPE) token fell more than 3% over 24 hours. Speaking on the Unchained podcast, Hougan said Hyperliquid is following Amazon's path from bookstore to "everything store." It started with crypto-based perpetual futures and is expanding to real-world assets and prediction markets. DefiLlama data showed the platform handled over $254 billion in perpetual futures trading in the past 30 days, earning $69 million in revenue. Open positions stood near $7 billion, and total value locked was $7.74 billion. Hougan said institutions were excited about HYPE's move to the US, though most wealth managers did not yet understand how Hyperliquid works.

Crypto news: Remittix opens PayFi testing to 1,000 users as XRP faces a 1 billion token escrow unlock and Sui adds Bitwise RWA Vault. The first 1,000 users receive access to Remittix's crypto-to-bank platform as XRP supply and Sui's institutional RWA expansion move into focus. MAJURO, Marshall Islands, Oct. 01, 2026 (GLOBE NEWSWIRE) - Remittix has opened its PayFi platform to an initial cohort of 1,000 users, marking a key step in the project's move from community testing toward wider commercial availability. The rollout allows selected participants to test the crypto-to-bank experience ahead of the scheduled RTX token launch on November 24, 2026. The Remittix PayFi expansion arrives during an active period for payment and real-world-asset networks. Ripple's monthly escrow process can release up to 1 billion XRP on October 1, while Bitwise has brought its Premium+ real-world-asset vault to Sui. Both developments underscore the scale of capital moving through blockchain-based settlement systems and the demand for infrastructure that can connect digital assets with practical financial use. Remittix Moves Crypto-to-Bank Payments Into User Testing Remittix is designed to reduce the friction that still separates cryptocurrency from everyday banking. Users often need to transfer assets between wallets and exchanges, sell into fiat, wait for withdrawals and manage multiple service providers. Remittix aims to compress that process into a single payment flow that sends crypto and delivers fiat to a compatible bank account. Opening the system to 1,000 users gives Remittix a larger environment for testing payment execution and settlement performance before access expands. The PayFi network sits within a broader product suite. The Remittix Wallet is available on iOS and has surpassed 10,000 downloads; Remittix Markets has recorded more than $50 million in perpetual-futures volume; and Remittix Earn is in development with advertised yields of up to 22% APY on selected holdings. Remittix plans to connect those services so users can manage, trade, earn and make bank-bound payments through one ecosystem. XRP Escrow Release Puts Supply Management Back in Focus Ripple's escrow system is scheduled to unlock up to 1 billion XRP on October 1 as part of the programmed monthly process established in 2017. The release does not mean the entire amount will enter circulating supply; Ripple has historically relocked unused XRP after its monthly allocations. The event nevertheless keeps XRP's supply management in focus. XRP remains one of the market's most established payments-oriented assets, with its value proposition centered on efficient settlement and liquidity movement. Remittix is approaching the same global payments market from a different direction: it is building a consumer-facing route from supported crypto assets directly into fiat bank transfers. Bitwise Vault Extends Sui's Real-World-Asset Footprint Bitwise's Premium+ RWA Vault has expanded to Sui, adding an on-chain strategy linked to tokenized real-world assets. The vault is operated through Ember Protocol and can interact with Sui-based lending infrastructure, illustrating how institutional investment products are becoming composable across decentralized finance. This growth in tokenized assets increases the importance of practical exit and settlement layers. As users hold more funds in stablecoins, tokenized funds and other blockchain instruments, platforms that can connect those assets with bank accounts may occupy a valuable position between decentralized and traditional finance. Testing Begins as the RTX Launch Countdown Advances Remittix has raised more than $32 million from over 40,000 participants. RTX remains priced at $0.21, while $0.46 is the announced final presale-stage price and $36 million is the project's hard cap. The initial 1,000-user opening gives the November 24 launch a product milestone as well as a market date. By testing PayFi before RTX begins public trading, Remittix is working to enter the market with an active payments experience supported by an existing wallet, live trading platform and planned earning service. About Remittix Remittix is a PayFi ecosystem designed to connect cryptocurrency with fiat bank settlement. Its product suite includes the Remittix Wallet, Remittix Markets and the forthcoming Remittix Earn platform. Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. Crypto Times Gazette do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. Crypto Times Gazette do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. 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