" or "Motoren bag tilbagekøb"? "The buyback engine" -> "Tilbagekøbsmotoren" is fine.
Paragraph: "Hyperliquid's model flips the typical crypto payout structure on its head. More than 90% of the fees generated by the protocol flow directly into the Assistance Fund, which systematically buys HYPE on the open market. That's not a marketing line — Citrini estimates the annualized buyback rate at roughly 7% of HYPE's market capitalization, a figure that aligns the token more with traditional capital-return frameworks than with typical cryptocurrency economics." -> "Hyperliquids model vender den typiske kryptoudbetalingsstruktur på hovedet. Mere end 90 % af de gebyrer, som protokollen genererer, går direkte ind i Assistance Fund, som systematisk køber HYPE på det åbne marked. Det er ikke et marketing-udtryk – Citrini estimerer den annualiserede tilbagekøbsrate til omkring 7 % af HYPE's markedsværdi, et tal der bringer tokenet mere på linje med traditionelle kapitalafkastmodeller end med typisk kryptovalutaøkonomi." "flips on its head" -> "vender på hovedet". "payout structure" -> "udbetalingsstruktur". "That's not a marketing line" -> "Det er ikke et marketing-udtryk". "capital-return frameworks" -> "kapitalafkastmodeller".
Next: "The scale is hard to ignore. Hyperliquid's buybacks accounted for nearly 50% of all token-buyback activity across the entire crypto market in 2025. At the time of the Citrini report, HYPE was trading at $62.13." -> "Omfanget er svært at ignorere. Hyperliquids tilbagekøb tegnede sig for næsten 50 % af al token-tilbagekøbsaktivitet på tværs af hele kryptomarkedet i 2025. På tidspunktet for Citrini-rapporten handlede HYPE til $62,13."
Validator vote section: "
Validator vote to burn
" -> "
Validatorstemning om afbrænding
"
Paragraph: "The Foundation isn't stopping at buybacks. It's now pushing a validator vote to permanently remove $1 billion worth of HYPE from the Assistance Fund — effectively a one-time burn. If approved, the move would shrink the token's supply and send a clear signal about the protocol's commitment to shareholder-like returns. The exact timing of the vote's conclusion hasn't been announced, but the proposal is already being discussed across validator channels." -> "Fonden stopper ikke ved tilbagekøb. Den fremmer nu en validatorstemning for permanent at fjerne 1 milliard dollars værdi af HYPE fra Assistance Fund – reelt en engangsafbrænding. Hvis det godkendes, vil tiltaget reducere tokenets udbud og sende et klart signal om protokollens engagement i aktionærlignende afkast. Det præcise tidspunkt for afstemningens afslutning er ikke blevet annonceret, men forslaget diskuteres allerede på tværs af validatorkanaler."
Institutional door opens section: "
Institutional door opens
" -> "
Institutionel dør åbner sig
"
Paragraph: "Bitwise's entry with a spot HYPE ETF adds another layer. The product, trading under BHYP US, gives traditional investors a regulated way to get exposure without holding the token directly. It's still early, but the ETF's existence means HYPE is now competing for allocation alongside bitcoin and ether in some portfolios." -> "Bitwises indtræden med en spot-HYPE-ETF tilføjer endnu et lag. Produktet, der handles under BHYP US, giver traditionelle investorer en reguleret måde at få eksponering på uden at holde tokenet direkte. Det er stadig tidligt, men ETF'ens eksistens betyder, at HYPE nu konkurrerer om allokering sammen med bitcoin og ether i nogle porteføljer."
Final paragraph: "The vote outcome will determine whether the $1 billion burn moves forward. If it does, HYPE's supply math gets even tighter — and the buyback narrative gets a lot louder." -> "Afstemningsresultatet vil afgøre, om afbrændingen på 1 milliard dollars fortsætter. Hvis den gør, bliver HYPE's udbudsmatematik endnu strammere – og tilbagekøbsfortællingen bliver meget højere." "buyback narrative" -> "tilbagekøbsfortællingen".
Now meta description: "Hyperliquid's HYPE buybacks hit $2B since Jan 2025, representing nearly 50% of all crypto token buybacks. A validator vote to burn $1B in HYPE is underway, as Bitwise launches a spot HYPE ETF." -> "Hyperliquids HYPE-tilbagekøb har nået 2 mia. dollars siden januar 2025, hvilket repræsenterer næsten 50 % af alle krypto token-tilbagekøb. En validatorstemning for at afbrænde 1 mia. dollars i HYPE er i gang, mens Bitwise lancerer en spot-HYPE-ETF."
We need to ensure proper Danish punctuation and numbers. Use comma as decimal separator? In Danish, decimal is comma, but original uses period. For consistency, keep numbers as in original? Requirements say keep facts, numbers accurate. Original uses $2 billion, $62.13 (period). In Danish text, we might keep period for dollars? Actually, in Danish, currency amounts often use comma for decimals, but dollars might retain period.
