While bitcoin and ether remain in bear markets, HYPE has climbed alongside gold as HyperLiquid’s derivatives volume expands, weekend equity trading gains traction.
A surge in institutional and retail demand has pushed CME’s crypto average daily volume up 132% year-over-year, with open interest climbing 82%.
Backed by Founders Fund, Haun Ventures and Robinhood, zk-rollup-powered Lighter plans to expand its institutional trading suite.
Heavy leverage in bitcoin derivatives has set up the market for potential downside cascades, with pockets of vulnerability looming if prices break lower.
The approval is a significant step in Gemini’s EU strategy, allowing the firm to roll out its trading products and services to customers across the region.
The trader also lost $12.5 million on a bitcoin long last week.
The trader suffered a nine-figure loss despite bitcoin remaining fairly flat in terms of price action.
The move comes as the long/short ratio is at its lowest point since September 2022.
“It just makes financial sense to do it in-house,” said CleanSpark’s CEO Zach Bradford.