The carry channel had been shut since February; the funding rebound is reopening the cleanest market-neutral yield in crypto, with hedge funds on CME now flipping net long as the directional overlay…
Two prediction-market insider settlements in two months, both generated by Kalshi referrals, and the second lands the same week the Ninth Circuit knocked Kalshi back in its Nevada preemption fight.
Coming from a former BitMEX CEO with a track record of calling cyclical turning points, the call could pull flow back into ETH while cooling late-stage Hyperliquid momentum.
Most of the $6.4B in open interest was written against a sub-$70K backdrop before the 20% rally, so the post-expiry positioning distribution is what traders will read next.
Combined with buying out early sellers and ending monthly investor unlocks, the proposal compresses ENA's supply overhang and gives holders a direct claim on USDe revenue.
Tokenized-equity perp volume grew from $85B in January to $470B by June. Bybit's options layer hands retail the same 24/7 toolkit Wall Street gets only nine hours a day.
The pivot widens Ethena's collateral universe from $2.5T of crypto to $120T of equities, but the test is whether USDe can rebuild to the $7.5B threshold for ENA buybacks before the new trade gets…
An opposing April ruling involving New Jersey leaves federal courts divided, raising the prospect that the Supreme Court will decide who can regulate event contracts.
Forward guidance is out, so every CPI and labour print between now and the September decision now reprices Bitcoin on its own, with no Fed hand-holding to soften the move.
Open interest on XRP keeps climbing 14.8% even as Binance taker volume prints -$96M, meaning fresh positions are arriving but picking the short side against the two-week rally.
A Trump nod to bring Hyperliquid onshore in compliance adds a regulatory tailwind on top of the doubled 29.3M HYPE stash.
The deal layers derivatives, structured products and financing on top of BitGo's custody stack, and lands inside a wave of M&A reshaping institutional crypto infrastructure.
The long-heavy unwind puts leverage at the center of market risk, with forced exits capable of adding further pressure across derivatives markets.
Equity perpetuals carry a 70-times-larger underlying market than crypto and funding that rarely turns negative.
Hyperliquid's 58% share and 21% growth show perp-DEX volumes are consolidating fast, with one venue pulling further from the pack each month.
Price hit $81,455 overnight, but couldn't crack the $82,800 gate where May rejected. Meanwhile, TRUMP memecoin ripped 24% on derivatives flow, and BVIV says options traders see no Jackson Hole shock.
Nearly half of US states are suing Kalshi as courts split 50-50, putting prediction markets' fate in the Supreme Court's hands.
The expiry's key question is whether dealer hedging pins Bitcoin near $75K-$80K or reinforces a break. The 0.83 put-to-call ratio is an inventory measure, not a standalone directional signal.
The raise extends a run that has Kalshi's valuation potentially doubling to $40 billion from its May mark, with around $380M still available under the same SEC notice.
The CLARITY Act is not the only route in play: SEC and CFTC leadership are signaling that agency action could shape crypto oversight while its Senate path remains unresolved.
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