Kinetiq Launches $5M Bug Bounty Program on Hyperliquid

**Markets.xyz** introduces **kmHYPE**, allowing users to co-own onchain capital markets for the first time. **Key Details:** - **Launch date:** December 8th at 13:00 UTC - **Mechanism:** KNTQ holders can stake kHYPE 1:1 for kmHYPE - **Built on proven architecture** that has secured billions in TVL **Three Cohorts Available:** - **Cohort 1:** KNTQ 1-100 holders → 555,555 kmHYPE (max 28,888 per wallet) - **Cohort 2:** KNTQ 101-1,000 holders → 222,222 kmHYPE (max 2,888 per wallet) - **Cohort 3:** KNTQ 1,000+ holders → 111,111 kmHYPE (max 888 per wallet) **Important Notes:** - Cohorts determined by historic and time-weighted KNTQ holdings - All allocations are **first-come, first-served** - Allocation caps ensure broad distribution - Not every wallet guaranteed maximum allocation This marks the beginning of user-owned global markets onchain through [Markets.xyz](https://x.com/markets_xyz/status/1995845349861183625).

**Kinetiq Foundation** has officially announced the launch of **KNTQ**, the governance token for the Kinetiq protocol. **Key Details:** - KNTQ serves as the governance token for protocol decisions - Users must review and accept Kinetiq Foundation Terms of Use - **Deadline: November 21st, 2025 at 20:00 UTC** The announcement emphasizes being "heavily KNTQ coded," suggesting significant integration with the protocol's operations. **Action Required:** Community members need to complete the terms acceptance process before the November deadline to participate in governance.

**Major institutional access unlocked** for HYPE staking through Kinetiq platform. - Institutions can now stake HYPE tokens to earn kHYPE rewards - Integration available through **Porto**, Anchorage Digital's institutional self-custody wallet - Anchorage Digital serves as a federally chartered crypto bank and Qualified Custodian **Key benefits:** - Enhanced regulatory safeguards for institutional depositors - Professional-grade custody solutions - Direct access to Kinetiq's staking network This partnership bridges traditional finance with DeFi staking, offering institutions a compliant pathway to participate in HYPE ecosystem rewards while maintaining custody standards.

**Kinetiq** has secured its protocol through a partnership with **@0xGroomLake**, described as the "Private Military Corporation of crypto." The collaboration aims to: - Strengthen security measures across all protocol levels - Support Kinetiq's expansion in staking services - Maintain uncompromising standards in protocol development This security upgrade follows Kinetiq's previous partnership with **Anchorage Digital**, the first federally chartered crypto bank in the U.S., which joined their institutional staking network to provide regulatory safeguards for kHYPE depositors. The move signals Kinetiq's commitment to institutional-grade security as they continue developing their staking infrastructure.

**Kinetiq has completed its stake redistribution** following the USDH voting period. All protocol stake has been **redelegated to the top 10 validators** based on StakeHub scoring metrics. This marks a return to normal operations after temporarily moving stake to foundation nodes during the USDH governance vote. **Key details:** - Stake redistribution completed September 16th - Selection based on StakeHub performance scoring - Full validator list available at [kinetiq.xyz/validators](https://kinetiq.xyz/validators) The move demonstrates Kinetiq's commitment to **optimizing staking rewards** while maintaining stake protection for users.