Hyperliquid is getting ready a governance-driven launch of its native stablecoin, USDH, in its subsequent community improve, in accordance to a Sept. 5 update on the DEX Discord channel. The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, however in contrast to standard launches, it’s opening the method to competitors amongst improvement groups….
Bitcoin’s derivatives market entered September with a cut up message: merchants are taking over extra positions, however the steadiness of buying and selling exercise is leaning in opposition to worth power. Open curiosity climbed to $41.19 billion on September 3, a rise of $1.02 billion over the previous month. At the identical time, Bitcoin’s spot…
Coinbase will launch Mag7 + Crypto Equity Index Futures to create the primary US-listed futures product that mixes conventional equities and crypto exposure, in accordance with a Sept. 2 announcement. The product will debut on Sept. 22, arriving lower than two months after Coinbase began offering CFTC-regulated perpetuals to US prospects in July. The hybrid…
World Liberty Financial’s WLFI token went live on Sept. 1 after months of anticipation, and the debut rapidly turned heads throughout the crypto market. According to CoinGlass data, WLFI’s derivatives exercise surged previous $13 billion inside its first 24 hours, putting it behind solely Bitcoin, Ethereum, and Solana. Notably, that volume is nearly double that…
Binance restored futures buying and selling on Aug. 29 following a suspension tied to a problem in its USD-margined contracts. Per Reuters, the alternate first stated all of its $90 billion futures buying and selling was “quickly unavailable,” then about 24 minutes later stated the issue affecting Futures UM, the stack that settles contracts in…
XRP futures became the fastest contract in CME Group history to cross $1 billion in open interest (OI), achieving the milestone in just over three months. CME Group reported its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP and Solana futures each crossing the $1 billion threshold….
Hyperliquid registered more trading volume than Robinhood for the third consecutive month, with July marking the largest gap between platforms at 39.1%. DefiLlama data shows the decentralized derivatives exchange traded $330.8 billion in combined spot and perpetual volume during July, while Robinhood processed $237.8 billion across all products. Robinhood’s July volume was made up of…
Laser Digital, a digital asset subsidiary of Japanese banking giant Nomura, has secured the first limited license to offer over-the-counter crypto derivatives under the Virtual Asset Regulatory Authority’s (VARA) Pilot Regime, the company announced Wednesday. Laser Digital is the first firm authorized to provide institutional-grade crypto options directly to clients under the VARA framework, marking…
Bitcoin fell below $115,000 on August 1, reaching its lowest level since July 11 after a sustained period of volatility. The drop marked a retracement from the asset’s July 14 peak, when it hit an all-time high of $123,000. The retreat to $114,000 punctuates a 7% pullback from the July high and reflects the broader…
Altcoin leverage has swelled to unprecedented levels, setting the stage for violent swings if momentum cracks, according to a July 23 report by Glassnode. The report highlighted that the combined futures open interest across Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) increased from $26 billion at the start of July to $44 billion, representing…