Jeff Sprecher, CEO of Intercontinental Exchange, revealed that Hyperliquid, a decentralized crypto exchange with only 11 employees, is bigger than NASDAQ in terms of market impact. Hyperliquid generates about $650 million in annualized revenue and handles $9.5 billion in open interest, operating on its own Layer-1 blockchain with a fully on-chain order book. The platform recently expanded to offer S&P 500 perpetual futures and prediction markets, positioning itself as a versatile blockchain-based trading venue. This highlights a shift in traditional finance's attention towards lean, efficient decentralized finance platforms despite concerns about centralization risks.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
