Two groups linked to the Hyperliquid blockchain platform have requested the U.S. Commodity Futures Trading Commission (CFTC) to allow regulated perpetual contracts for West Texas Intermediate crude, Brent crude, and Henry Hub natural gas. These contracts, which do not expire and enable continuous trading, could help firms hedge energy risks during weekends when traditional U.S. futures markets are closed. The groups highlight that their onchain markets have already handled over $500 billion in trading volume since October 2025 and argue that perpetual contracts better predict price movements during market closures. The CFTC is reviewing the proposal but has not yet approved energy perpetual contracts, emphasizing the need for a data-driven approach before changing trading rules.
Best Buy reported a strong fiscal Q2 2027 with revenue up 3.6% to $9.78 billion and comparable sales rising 4.1%, surpassing expectations. Adjusted diluted EPS increased 15% to $1.47, helped partly by $34 million in tariff refunds. Following these re...
BP, a major global energy company, is actively managing its portfolio by potentially selling oil and gas assets in Egypt to Energean and investing in new projects like a Halliburton contract in Brazil's offshore field. This strategic move aims to enh...
Blockstream has introduced a Bitcoin Improvement Proposal (BIP) called SHRINCS, a post-quantum signature scheme designed to protect Bitcoin from potential quantum computing threats. SHRINCS is already tested on Blockstream’s Liquid sidechain but pres...
Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest pub...
Radiant World, a Singapore-based iron ore trading firm claiming $9.6 billion in revenue, is losing key partners after allegations of invalid invoices surfaced. Major commodity traders like Vitol, Cargill, and Glencore stopped business with Radiant, t...
