For years, Americans were pushed offshore to trade perpetual futures while the rest of the world could trade them at home. This spring, U.S. regulators finally opened a compliant path to these markets here. Today, the largest U.S. exchange, CME, went to court to close it.
This is what happens when one company controls a market. By @BetterMarkets' count, CME runs about 92% of U.S. exchange-traded derivatives. When one venue holds that much volume, everyone else carries the cost. Less choice, higher prices.
Perpetual futures are the first genuinely new derivatives product to reach U.S.-regulated markets in over a decade. More competition among exchanges is best for the people who actually use these markets. These products deserve clear rules.
The real question is whether Americans get access to innovative new financial products, or whether one incumbent keeps them locked out. We think they deserve access. As CFTC @ChairmanSelig put it: "Incumbents will always fear the future." But none of us should fear the incumbents.
Is CZ lying to the public again?
As he said, he is fully aware of the legal and regulatory risks. Yet a shell called @Aster_DEX was created that appears to copy the @HyperliquidX model almost exactly.
Aster reportedly shares significant resources with the Binance ecosystem, including team members. CZ himself has promoted Aster multiple times.
Maybe creating a separate shell is their way to be “compliant.”
The real question is: if the business model, resources, people, and incentives are largely the same, how different is it really?
Arthur Hayes won’t get $HYPE at low prices anymore.
As we can see, @CryptoHayes doesn’t read the market perfectly after all.
$HYPE is doing just fine without his support. We’ve broken ATH and are rapidly moving toward $100.
Just a week ago, CT was discussing reports that a wallet linked to Hayes had bought around $2M worth of $HYPE.
Arthur’s response? “I didn’t buy shit.”
Knowing Arthur, I wouldn’t be surprised if a few days from now he drops a new essay called “HYPE MAN 2.0”, reveals that he actually did buy, starts calling for $150 again, and then sells his bag into the very people reading his posts.
$HYPE doesn’t need Arthur Hayes. It never did. As I’ve said before, with Arthur or without him, $150 is inevitable.
Happy $HYPE ATH to those who celebrate.
i've seen a million rugs in crypto
so i know one when i see one
lets take a second to consider @ventuals proposed model
the ask- crowdfunding 500,000 $hype to launch an hip-3 dex for 'pre-ipo companies'
here are the issues i see
> private company valuations are only struck maybe once a year on new funding rounds
so they want to launch perps, on assets that only go up and are only revalued once per year????
won't people only go long??? won't they get destroyed by funding????
> no reliable price data or oracle
where does the oracle data come from??? news releases on funding rounds??? ummm ok
> synthetic only, backed by nothing
if they are crowd funding 500,000 hype they clearly have no plan, you are long or short a synthetic they created and have ownership over 'nothing'
> no ability for users to redeem 'vhype' for the hype they deposited unless the vhype vault has hype in excess of 500,000 hype
basically they are relying on deposits to keep their hip-3 market running
so when, if ever, will a user be able to withdraw their hype
> physically backed pre-ipo tokens are available elsewhere
why is this a synthetic only model when it doesn't need to be????
> pressure tactics
'unstake your hype now, it will take 7 days and you will want to be ready to deposit in our vault on day 1!!!'
pressure tactics in a degen environment are a classic rug signal
they are creating a sense of urgency while asking you to fund 100% of their project (rug)
> skin in the game
if they are relying on the hyperliquid community to provide the 500,000 hype, what are they providing??? they have no skin in the game
ultimately this seems like a clever rug with a flashy concept that will excite people
'pre ipo' 'spacex' 'kraken' etc
people want to own these names
people want to speculate on these names
but is ventuals really providing you those opportunities??????
im calling it now, this is a rug
surely the founders and team can address my concerns if it's not
but i will say, my rug-radar is finely tuned
do not deposit your precious hype in the ventuals vault
you will never see it again
and you will never own the names they are presenting
definite rug
stay away from ventuals
We've exited the era of crypto as niche experimental technology for hobbyists and ideologues.
We've entered the era of crypto as a real upgrade to the financial system, a challenge to incumbents using regulatory moats to defend old products against innovation.
Innovation wins.
Threadguy reveals Hyperliquid was the only venue on earth that didn't break during the SpaceX IPO
"What Hyperliquid pulled off on the SpaceX pre-IPO was absolutely incredible. So much volume, so much OI, the market was so liquid, and it predicted the price almost perfectly. The last quote that came out was 150, and within 10 minutes of the IPO it was at 175. It was wild how accurate it was."
"And here's the crazy part. The moment the IPO went live, Robinhood was down, Coinbase was down, Bybit had to refund everybody that participated, Binance had to refund everybody that participated, and Hyperliquid was the only venue on the planet with absolutely no problems. Very impressive tech performance on the biggest IPO in history."
Entender a Trump
Las imágenes que llegan desde Irán son impresionantes. El bombardeo estadounidense es brutal, e Irán no tiene la mínima capacidad para defenderse (para eso fue el ataque israelí del domingo: para destruir las defensas anti-aéreas iraníes; les dije que era evidente que se estaban anticipando a un ataque mayor, y lo que sucede hoy confirma que todo está bien coordinado con los Estados Unidos).
Se ha confirmado también que justo A MITAD DEL BOMBARDEO (no antes, no después), líderes iraníes llamaron por primera vez de manera directa a la Casa Blanca (saltándose la intermediación de Pakistán o de Qatar) para suplicarle a Trump que detuviera el bombardeo.
Trump ha sido muy claro: o firman el arreglo (es decir, la rendición) o mañana el bombardeo será peor.
Es difícil predecir si Irán aceptará. El fanatismo de las Guardias Revolucionarias es irracional en extremo. Pero si firman, entonces tendremos que decir que Trump siempre dijo la verdad: Irán estaba a punto de firmar un gran arreglo.
El detalle es que nunca nos dijo cómo se iba a llegar a eso.
De todos modos sólo había que poner un poco de atención para saber que Estados Unidos estaba listo para esta operación militar. Toda su aparente debilidad o indecisión (e incluso sus falsos pleitos con Israel y Netanyahu) sólo eran la manera de disimular que algo realmente fuerte se estaba cocinando.
Desde hace cuatro días, cuando el tema de conversación era un supuesto regaño e insulto de Trump a Netanyahu, les dije que estábamos como hace un año, a inicios de junio de 2025. En ese entonces también se hicieron públicas varias supuestas fricciones entre ambos mandatarios. Todos estaban especulando con una posible ruptura entre los dos, y lo único que sucedió fue que, cuando menos se lo esperaban, Israel empezó a bombardear a Irán.
La distracción funcionó, así que ¿por qué no volverla a usar?
Después de dos o tres semanas de un Trump aparentemente dubitativo que a cada rato decía que el plazo era de dos días, o cinco días, o una semana, o cuatro días, los jerarcas iraníes no sólo estaban presumiendo que habían ganado la guerra, sino que estaban tratando de imponer condiciones y jactándose de que los Estados Unidos eran débiles y cobardes.
Y entonces pasó lo que tenía que pasar (y me atrevo a decir que lo que se planeó desde un principio): con tanta confianza desbordada, empezaron a cometer errores. Atacar a la flota naval estadounidense, atacar a Israel, atacar las bases norteamericanas en los países árabes y, finalmente, derribar un helicóptero.
Ahora se están topando con su patética realidad.
Estados Unidos es una potencia militar implacable, y las Guardias Revolucionarias no tienen cómo defenderse.
De nada va a servir que amenacen con volver a cerrar el Estrecho de Ormuz. Si lo hacen, van a ser evaporados de allí.
A la mala, están conociendo la otra cara de Trump.
Por sorprendente que parezca, no era tan difícil entender hacia dónde se dirigía el presidente de los Estados Unidos.
Sólo había que seguir la regla simple:
No le pongas atención a lo que dice.
Fíjate en lo que hace.
Seguiremos informando
Créditos: @IrvingGatell
Joined Hyperliquid for the first time this week to build a book in their World Cup Champion prediction market
Very impressed so far
- Full suite of convert functions
- Clean, fast & responsive UI
- Breaking the norm
Polymarket shills are so quick to bash, but they’re dead wrong
Here we go!
Every World Cup Market pays. Win or lose.
$60K+ rewards, up to $3k distributed daily to traders in USDC. 3x rewards boost during live play.
The Outcome is inevitable.
Hyperliquid now supports recurring daily binary outcomes for $ETH, $HYPE and $SOL.
Just like $BTC, new markets will be automatically deployed and settled every day at 06:00 UTC using the Hyperliquid mark price.
Hyperliquid.