The oracle worked as designed. What changed is where the exchange says future prices should come from: its own orderbook, as research shows perps now lead spot, not follow it.
The pivot bakes in a hard institutional requirement the original Ondo Chain couldn't meet: keep order flow off public mempools.
Wall Street veteran reframes crypto's defining contract as plain futures without expiry, arguing ADL and high leverage are exchange choices, not features of the product itself.
A 27% wick on a HIP-3-listed Korean stock perp exposed the liquidity fragility of permissionless listing: any staker can launch a market, but depth on entry is anything but guaranteed.
The injunction lands days before Minnesota's law would have criminalized routine exchange operations, but the underlying state-level push to label prediction markets as gambling rolls on.
Hyperliquid is no longer just a perps DEX; it's the AWS of onchain liquidity, with wallets and exchanges routing order flow into a single shared book.
Hyperliquid alone carries 28% of total airdrop value, and 2024 alone delivered $49.6B, proof that token drops now rival venture funding as a go-to-market lever.
The one-minute plunge exposed the price-discovery risks of trading traditional assets through thin overnight crypto markets.
The unusual lawsuit pits the largest US derivatives venue against the CFTC over whether blockchain-based perpetual futures count as swaps, with $60T in offshore perps volume hanging over the fight.
A federal court just told a state it can't ban what the CFTC already regulates, handing Kalshi and Polymarket a structural win that other states are watching closely.
The preliminary injunction runs until a final merits ruling and leans on federal preemption under the Commodity Exchange Act, putting every other state considering similar bans on notice.
Prop firms and market makers are likely to test the contracts first, while banks wait for deeper liquidity, settled rules and infrastructure for 24-hour risk.
The launch pairs CEX-like speed with non-custodial trading and onchain settlement, and now powers Ondo Perps, layering derivatives onto the firm's RWA stack.
BitMEX engineer Ben Delo's 2015 fix for a Bitcoin futures annoyance became crypto's dominant trading venue, and US regulators are now eyeing the same structure for equities on the CME.
Hyperliquid's oil-perp volume hit a $1.2B record on a Sunday while CME sat dark, and Energy Aspects says the long-standing Friday volatility discount in WTI options is narrowing as traders finally…
The newly disclosed bugs hit the payment primitive powering AI-agent micropayments, with attackers able to drain wallets or shop for free on most live integrations.
Seven tokens unlock over $115M this week, with BEAT alone accounting for more than the other six combined and resuming supply-side pressure on SUI and ENA.
Two weekly expiries through Deribit knocked out the dealer-hedging excuse for Bitcoin's flat tape. The remaining big bet needs 9% upside by July 31, two days after a Fed meeting markets can't call.
The suit tests whether perpetuals are futures or swaps under the Commodity Exchange Act, a ruling that decides whether the offshore leverage machine becomes a domestic product or stays gated behind…
The second advisory in months targets template-style filings from Kalshi, Polymarket and peers, but the agency's primary-jurisdiction claim itself still sits in front of the courts.
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