Ondo Finance has formally requested the SEC and CFTC to approve perpetual futures contracts on individual US equities, arguing that current security futures regulations already allow these products without needing new laws. The company’s Panama-based entity offers stablecoin-settled perpetual stock futures to offshore clients, achieving $8 billion in trading volume within six weeks. Ondo emphasizes that perpetual contracts, which use continuous funding rates instead of fixed settlement dates, should be classified as security futures. This move comes amid growing regulatory coordination between the SEC and CFTC on blockchain-based derivatives, with similar filings from other firms like Hyperliquid. If approved, this could pave the way for onshore trading of these innovative equity derivatives in the US market.
Lighter is conducting daily buybacks of its LIT token, maintaining its price above $3.94 using a $250 million float. This strategy stabilizes LIT's market performance and may trigger a short squeeze in Hyperliquid, as suggested by social media. Marke...
Bitcoin traded above $77,600, recovering from a recent dip, while XRP led gains with a nearly 3% rise to $1.36. Other cryptos like BNB and Solana also saw modest increases, but Ether lagged below $2,400. Despite the rebound, the broader crypto market...
Hyperliquid (HYPE) price pulled back about 6.4% from its August 27 record high of $86.71, trading near $81 on September 2. Despite this short-term dip, technical indicators like the 4-hour Supertrend and daily Bollinger Bands suggest the broader uptr...
Hyperliquid Strategies expanded its equity financing facility with Chardan Capital Markets from $1 billion to $2.5 billion, allowing it to sell new shares over time to fund purchases of HYPE tokens. The company holds about 29.3 million HYPE tokens wo...
Multicoin Capital transferred 261,555 Hyperliquid (HYPE) tokens worth about $21.7 million to Coinbase Prime in three batches, raising concerns about increased sell-side liquidity from institutional investors. Although deposits to Coinbase Prime often...
