Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income. DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%. The comparison positions the DeFi platform ahead of one of the […]
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Heavy leverage in bitcoin derivatives has set up the market for potential downside cascades, with pockets of vulnerability looming if prices break lower.
Bitcoin (BTC) must hold the $114,000 level to attract investors’ confidence and new liquidity to breach the narrow $110,000-$116,000 range. According to a Sept. 11 report by Glassnode, BTC has been stuck in the “air gap” range following its mid-August peak. The trading range threatens to stall the current rally. In the current landscape, Bitcoin […]
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AVNT posted a 43.3% price increase over the past 24 hours to record a 78% recovery from its bottom, despite continued sell pressure from its recent airdrop. Avantis airdropped AVNT tokens on Sept. 9 at a starting price of $0.488, but immediate selling activity from airdrop recipients seeking liquidity drove the token lower. The sell-off […]
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CoinMarketCap's altcoin season index rose to almost 60% in a signal that the season is upon us.
CBOE Global Markets announced plans to launch Bitcoin and Ethereum continuous futures contracts on Nov. 10, pending regulatory review. According to a Sept. 9 announcement, the new product suite debuts on CBOE Futures Exchange with contracts structured as single, long-dated instruments featuring 10-year expirations. This design eliminates periodic rolling requirements that characterize traditional futures contracts, […]
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Binance, the world’s largest crypto exchange, is integrating Ethena Labs’ USDe synthetic dollar across its platform.
MYX, the native token of MYX Finance, has rallied more than 200% in the past 24 hours, making it the biggest gainer on Sept. 9, according to CryptoSlate data. The token, which powers a BNB Chain-based decentralized exchange specializing in perpetual derivatives, jumped from around $6.28 to $17.75 at press time. That surge pushed MYX’s […]
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Smaller tokens are having a blast as major cryptocurrencies recover from the decline late on Friday.
October VIX futures are trading at an extreme premium to September futures, pointing to post-Fed turbulence.
Altcoins like DOGE and SUI are rallying as the broader memecoin market shows signs of rejuvenation.
Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures.
Hyperliquid is preparing a governance-driven launch of its native stablecoin, USDH, in its next network upgrade, according to a Sept. 5 update on the DEX Discord channel. The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, but unlike conventional launches, it is opening the process to competition among development teams. According to the […]
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Implied volatility indexes suggest moderate price swings in major cryptocurrencies like bitcoin and ether, with larger changes in XRP and SOL.
The new staking service allows users to earn rewards on ether and solana with no minimum amount required.
Both bitcoin and the CoinDesk 20 Index are lower, and the negative sentiment is echoed in the options and perpetual futures markets.
Bitcoin’s derivatives market entered September with a split message: traders are taking on more positions, but the balance of trading activity is leaning against price strength. Open interest climbed to $41.19 billion on September 3, an increase of $1.02 billion over the past month. At the same time, Bitcoin’s spot price slipped below $110,000. This […]
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Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.
Coinbase will launch Mag7 + Crypto Equity Index Futures to create the first US-listed futures product that combines traditional equities and crypto exposure, according to a Sept. 2 announcement. The product will debut on Sept. 22, arriving less than two months after Coinbase began offering CFTC-regulated perpetuals to US customers in July. The hybrid index […]
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Mag7 + Crypto Equity Index Futures are coming to the crypto exchange on September 22.
Exchanges liquidated $370 million of crypto futures bets as bitcoin confounded expectations for a move lower while gold topped $3,500 an ounce for the first time.
World Liberty Financial’s WLFI token went live on Sept. 1 after months of anticipation, and the debut quickly turned heads across the crypto market. According to CoinGlass data, WLFI’s derivatives activity surged past $13 billion within its first 24 hours, placing it behind only Bitcoin, Ethereum, and Solana. Notably, that volume is almost double that […]
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Hyperliquid recorded a record-breaking month in August, with its revenue and trading volume reaching all-time highs.
Decentralized exchanges (DEX) processed a combined $1.15 trillion in spot and perpetual contract volumes during August, marking the first time monthly DEX activity surpassed the $1 trillion threshold. According to DefiLlama data, spot DEX volumes reached $506.3 billion in August, falling just $1.5 billion short of the all-time high of $507.8 billion recorded in January. […]
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Open interest in SOL futures hit a record high alongside a rally in the token's price to a level not seen since February even as Solana application revenue dropped.
Binance restored futures trading on Aug. 29 following a suspension tied to an issue in its USD-margined contracts. Per Reuters, the exchange first said all of its $90 billion futures trading was “temporarily unavailable,” then about 24 minutes later said the problem affecting Futures UM, the stack that settles contracts in USDT or USDC, had […]
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While the CoinDesk 20 Index of largest tokens has gained less than 1% in the past 24 hours, the CoinDesk 80 Index has rallied 4%.
Bitcoin, holding above $111,000 having bounced from lows earlier in the European day, is up less than 1% in 24 hours while the CoinDesk 20 Index has added 3.2%.
XRP futures became the fastest contract in CME Group history to cross $1 billion in open interest (OI), achieving the milestone in just over three months. CME Group reported its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP and Solana futures each crossing the $1 billion threshold. […]
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Traders piled into short positions against WLFI as the Trump-linked DeFi token debuted on Hyperliquid, sending its price tumbling more than 44% in hours.