The UK Financial Conduct Authority (FCA) issued a warning on May 21 against Hyperliquid and Hyper Foundation for potentially offering financial services in the UK without authorization. Hyperliquid, a decentralized platform for crypto perpetual futures, has generated $255 million in revenue in 2024, with its HYPE token rising 101% by May 20. The FCA's alert highlights regulatory concerns over offshore crypto derivatives platforms operating in the UK. Meanwhile, U.S. officials and exchange leaders, including CME CEO Terry Duffy, have expressed worries about crypto perpetual futures products, calling them risky and questioning regulatory approvals. This regulatory scrutiny comes as the U.S. CFTC recently approved Bitcoin perpetual futures for Kalshi, signaling a cautious move toward regulated crypto derivatives.
OpenAI announced that its AI system produced a proposed solution to the Navier–Stokes Millennium Prize Problem, a major unsolved question in mathematics, after coordinating about 10,000 agents over 88 hours. Cardano founder Charles Hoskinson praised ...
Charles Schwab's recent filing revealed nearly $4.8 million worth of XRP ETF shares used as collateral in its Prime Advantage Money Fund, including products from Grayscale, Canary, and Franklin. This does not confirm direct purchases by Schwab but hi...
Corero Network Security reported a 42% increase in first-half revenue to $15.5 million, reversing previous losses with a pre-tax profit of $1.4 million. The company saw strong customer growth and contract expansions, boosting annual recurring revenue...
The Canary Staked TRX ETF (ticker TRXS) launched in the US on September 9, providing investors a way to gain exposure to TRX, the native token of the Tron network. The ETF plans to stake at least 90% of its TRX holdings, allowing investors to earn ad...
Mitsui O.S.K. Lines benefits from a weak yen as much of its revenue is earned in U.S. dollars, according to Chairman Takeshi Hashimoto. He expressed concerns over sharp currency swings causing market confusion and prefers a stable yen-dollar range of...
