In today's crypto news, VanEck issued a warning about the sustainability of Hyperliquid, a layer-1 blockchain boasting a $25 billion market cap but lacking developer community engagement. The firm noted that without developer activity, Hyperliquid risks becoming obsolete. Meanwhile, Aleš Michl, the governor of the Czech National Bank, revealed plans to consider Bitcoin as part of the bank's diversification strategy, although no current investments are planned. The bank will instead increase its gold reserves. Lastly, Michael Barr of the United States Federal Reserve announced his resignation, a move perceived as favorable for the crypto industry as Barr was viewed as a barrier to banks offering services to crypto firms. His departure could impact the regulatory landscape for cryptocurrencies in the U.S.

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