Hyperliquid's weekly trading volume (July 13-19) was 54% driven by Real-World Assets (RWAs), outpacing crypto for the first time, with SK Hynix leading interest.
Crypto exchange BitMEX accelerated derivative contract and spot pair delistings in July due to "insufficient trading interest," totaling 65 delistings. This comes as the platform announced its full cessation of exchange services on September 23, 2026, following a strategic review of its business and the broader crypto industry.
Crypto derivatives exchange BitMEX is shutting down, prompting industry questions about market consolidation due to liquidity concentration among large players and rising regulatory costs. Its utility token, BMEX, plunged over 90% following the announcement.
BitMEX, one of the oldest crypto derivatives platforms, will cease operations on September 23 at 04:00 UTC, citing a strategic business review. New sign-ups are halted, trading will wind down by August 26, and users have two months to withdraw funds, with fees for parked balances.
OKX appointed former NY Governor Andrew Cuomo to its board, leveraging his regulatory expertise for its push into licensed financial services, including a joint venture with ICE. This move aims to secure broker-dealer status and institutional customers, occurring as Congress debates the CLARITY Act, which addresses the overlap between political power and crypto wealth.
Arcus, a decentralized exchange backed by Robinhood Crypto, has launched tokenized stocks and perpetual futures on Robinhood Chain, offering over 95 stock tokens and derivatives. The platform uses a self-custodial model, but its stock tokens are unavailable in the US, Canada, and the UK due to ongoing regulatory questions.
XRP's open interest has surpassed $2.4 billion, increasing by $125 million in a week as traders boost derivatives exposure. The token trades near $1.13, requiring a daily close above $1.18 to confirm a stronger price expansion towards $1.26, with derivatives poised to amplify future moves.
Bitcoin displayed relative strength, decoupling from traditional markets as AI stocks declined and Treasury yields rose. Despite caution from derivatives traders, BTC broke above $65,000, showing resilience amid tech sector profit-taking and US-Iran geopolitical tensions.
Ether (ETH) price rose 3% driven by tokenization growth and Robinhood Chain, despite weak onchain data. Ethereum leads RWA tokenization, and Robinhood Chain attracted $106M in deposits. However, DApp revenue and active addresses are down, and funding rates are low, raising concerns about a potential retest of $1,700.
Phantom and the Hyperliquid Policy Center are asking the CFTC to remove regulations they claim hinder fintech firms from partnering with registered derivatives markets. They propose a model where non-custodial wallets provide technical access to markets without triggering broker registration.
Bitcoin's price action is exhibiting "textbook" bear market bottoming behavior, according to analysis by "Frank" on X. Short-term holders are realizing profits, a sign characteristic of a bull market, though some analysts caution against full capitulation.
Sales of derivative-linked securities in South Korea surged 24.1% in the first quarter compared to the previous year, reaching 19.6 trillion won ($12.9 billion). This growth is driven by investor preference for higher yields, despite the products not guaranteeing principal.
Coinbase has received UK regulatory approval to offer investment services, including trading equities and derivatives. This expansion allows UK users to access traditional financial instruments alongside crypto, moving Coinbase closer to its goal of becoming an "everything exchange."
Coinbase has obtained a UK investment services license, enabling it to offer products beyond crypto, including equities and derivatives, to both retail and institutional clients. This expansion aligns with its "everything exchange" vision and precedes the UK's new crypto regulatory regime.
Plataformas de mercados de predição, que operam como "bolsas de apostas" sobre eventos futuros, crescem globalmente e se tornam um desafio regulatório no Brasil. O governo bloqueou 27 plataformas em abril, mas usuários encontram formas de acesso via VPN e criptomoedas.
ESMA warns prediction market contracts may already fall under existing binary options restrictions, stating companies can't avoid financial regulations by marketing them as 'event contracts.' In the US, a legal battle is ongoing between state gaming regulators and the CFTC over whether these contracts are gambling or federally regulated derivatives.
Nearly 1,700 UK investors are suing Binance and its founder for £150 million, alleging the crypto exchange sold unapproved derivatives. The lawsuit claims Binance breached the Financial Services and Markets Act 2000 by offering leverage tokens, futures, and options to UK customers without regulatory approval.
Nearly 1,700 UK investors are suing Binance and its founder, Zhao Changpeng, for at least £150 million, alleging the crypto exchange sold them unauthorized derivative products.
XRP has retreated toward $1, testing a critical support level amid a market-wide selloff, with leveraged positions disappearing, derivatives activity contracting, and investors increasingly selling at a loss.
India's Reserve Bank of India (RBI) issued final rules for expanding its credit derivative market, allowing resident non-retail users unrestricted use of instruments like credit default swaps, while limiting non-residents to hedging. Retail resident users (excluding individuals) can only use CDS for hedging, and the RBI rejected credit derivatives on loans.
The financial world is shifting from ownership to optionality, with derivatives like options and futures becoming dominant. Crypto markets led this trend, and traditional markets are now following suit, driven by demand for flexibility and exposure to probability.
The Chicago Mercantile Exchange (CME) Group has filed a lawsuit against the US Commodity Futures Trading Commission (CFTC) and its chair, Michael Selig, over the agency's approvals of cryptocurrency perpetual futures. CME alleges the CFTC is misinterpreting Congressional directives and acting unilaterally.
Hyperliquid's HYPE token has defied the crypto bear market, with open interest reaching $3 billion and a 32% weekly growth. The token rallied 44% in five days, hitting an all-time high near $77. The exchange's innovation in TradFi perpetuals, including SpaceX pre-IPO trading, is driving demand and institutional interest.
Bitcoin rallied above $67,000 following a reported ceasefire deal with Iran, but derivatives markets show trader skepticism. Weak futures basis and elevated put options premiums signal caution, despite ETF inflows and institutional buying.
