Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure
Crypto traders traded greater than $500 million in artificial oil futures over the weekend on the decentralized alternate Hyperliquid, betting that renewed navy battle within the Middle East might push crude prices back to $100 a barrel. The surge in blockchain-based buying and selling adopted Iran’s abrupt choice to shut the Strait of Hormuz to…
