On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to take away guidelines they are saying “unduly impede” fintech companies from working with registered derivatives markets. Phantom presents itself as the software program in the center, somewhat than the custodian. Users retain management of their funds and personal keys, whereas trades are…
A New York federal court has returned prediction-market entry to state palms simply weeks earlier than the CFTC closes feedback on nationwide event-contract guidelines. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to dam New York gaming officers from…
XRP’s late-June washout eliminated a serious supply of market instability: extra leverage that might have turned one other sharp transfer right into a liquidation cycle. The subsequent take a look at is tougher as a result of XRP now wants ETF and spot consumers to carry the market with out rebuilding the identical crowded futures…
XRP has moved again right into a zone merchants are watching intently, with the $0.50 space performing as the road that decides whether or not the newest rebound has actual construction behind it. The extra fascinating element is that derivatives curiosity seems to be constructing on the identical time. The helpful option to learn this…
A reported Coinbase announcement about a World Cup outcome, possible utilizing AI, created a problem greater than a flawed alert. It confirmed how shortly exchange-run prediction markets can blur the road between tradable outcomes and unverified automated content material inside the identical client app. The episode surfaced on July 5, when a consumer posting as…
Prediction-market merchants are giving the United States a slim edge over Belgium after FIFA cleared striker Folarin Balogun to play in Monday’s World Cup round-of-16 match, a call that adopted direct lobbying from US President Donald Trump and triggered criticism from European soccer officers. Prices on Polymarket showed the US with a couple of 39%…
Bitget launched US stock options this week and says no different main crypto change affords them. The product begins with the only model of options buying and selling, the place eligible users purchase single name or put contracts, with extra complicated methods deliberate because it matures. It sits alongside Bitget’s present crypto markets, tokenized stocks,…
MEXC says buying and selling demand for its SpaceX-linked spinoff merchandise has surged, pointing to a wider pattern: crypto exchanges are more and more changing into venues for artificial publicity to belongings that retail merchants can not simply entry elsewhere. The headline is just not that merchants are shopping for direct SpaceX shares. They are…
TL;DR Confirmed that the 25-delta put-call choices skew has shifted constructive for early July expiries, displaying choices merchants are paying extra for short-term draw back safety. The key caveat: Avoid claiming choices skew ensures a worth decline; painting it as a gauge of dealer sentiment and hedging. For merchants, the story issues as a result…
Hyperliquid’s greatest benefit is beginning to seem like its cleanest authorized danger: the no-KYC entry model CZ says Binance can not copy. In a Galaxy Brains episode published June 18, Galaxy’s Alex Thorn spoke with Binance founder Changpeng Zhao concerning the crypto cycle, perps transferring onshore, prediction markets, and Hyperliquid’s no-KYC model. Thorn’s June 16…