Kalshi has filed with the U.S. Commodity Futures Trading Commission to launch perpetual futures contracts tied to Hyperliquid's HYPE token, expanding its regulated crypto derivatives offerings. This move follows Kalshi's recent introduction of Bitcoin and Ethereum perpetual futures for U.S. traders, signaling a growing push into cryptocurrency trading products beyond prediction markets. Despite this regulatory progress, HYPE's price fell 7.4% in 24 hours, with a decline in futures open interest, reflecting cautious market sentiment. Kalshi's effort places it in competition with established crypto exchanges like Binance and Coinbase, as institutional interest in perpetual futures grows.
Kalshi has filed with the U.S. Commodity Futures Trading Commission to introduce perpetual futures contracts for Hyperliquid's native token HYPE, marking an expansion of its crypto derivatives portfolio. This move follows Kalshi's earlier launches of...
On June 8, ether ETFs attracted $82.37 million in inflows led by Fidelity and Blackrock, signaling strong investor interest. Conversely, bitcoin ETFs experienced a $91.37 million net outflow, mainly due to a large $232.92 million redemption from Blac...
Arthur Hayes, BitMEX co-founder, argues that oil prices are the main driver of political and economic outcomes, overshadowing AI and cryptocurrency trends. Despite disruptions in the Strait of Hormuz, oil prices haven't risen enough to force compromi...
Hyperliquid allocates over 90% of its trading fees to an Assistance Fund that buys HYPE tokens, creating strong buy pressure and reducing supply. This strategy helped HYPE reach an all-time high near $75, outperforming major cryptocurrencies like Bit...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
