BREAKING: Hyperliquid Strategies applies to become a US futures broker
The Nasdaq-listed firm, which holds $3.5 billion in $HYPE, could enable US customers to trade perpetual futures on Hyperliquid's permissioned markets if approved.
🔥 JUST IN: Hyperliquid Strategies booked $620M in Q3 profit, mostly paper gains on $HYPE, and has applied for a license to bring Hyperliquid perps to US traders.
🚨 La CFTC autorise les futures perpétuels sur actions aux États-Unis, une première.
Le produit phare d'Hyperliquid arrive sur les bourses régulées.
Ni plateforme ni date n’ont été annoncées : Kalshi, Coinbase et OGcom ont postulé.
La marge minimale sera de 20 %, soit 5x de levier au plus, encore loin des perps offshore 👀
Introducing SIP-5: a post-quantum upgrade path for Sei.
SIP-5 is ready today, so that if a quantum threat emerges, every account has a route to quantum-safe security.
Meanwhile, Sei Labs is also building higher-performance cryptography that will replace it.
Sub-250ms finality. Pre-execution privacy. Institutional-grade predictability.
The Giga Whitepaper V2 laid out the most performant trading infrastructure yet.
Here's what else went down this week ↓
🔴 The Giga Whitepaper V2, in full: https://t.co/2zjkBEtAlZ
🔴 @Sei_Labs introduced Sedna, a pre-execution privacy layer on Giga. @jayendra_jog broke it down: https://t.co/6aBqaheL2o
🔴 @MessariCrypto dropped research on how Giga brings MEV protection into the protocol itself: https://t.co/86m7wptJ1k
🔴 Sei Research Initiative published Ambulance, a successor to Autobahn and a leap in BFT consensus: https://t.co/0sdBU2nxa7
🔴 @TokenRelations took a deep dive on @MonacoTrading, covering everything you should know: https://t.co/cCUwWG7PQ8
🔴 @okutrade launched Borrow 2.0, surfacing the best rates across 9 ecosystems, Sei included: https://t.co/raOfIvCNcr
🔴 @RWAFoundation_ named Sei one of the fastest-growing RWA chains: https://t.co/E6VwXM5nqf
Markets Move Faster on Sei. ($/acc)
THE BLOCK: Ondo Finance launched tokenized versions of BlackRock's IVV ETF and Micron shares using a third-party U.S. custodial model.
The underlying securities remain in the traditional U.S. custody chain under a framework the SEC outlined in January.
BREAKING: Ondo Finance tokenizes U.S. securities on Ethereum, starting with BlackRock’s IVV ETF and Micron shares.
The tokens are 1:1 backed, held within regulated U.S. custody, and include shareholder rights through Broadridge’s ProxyVote.
🚨ONDO TOKENIZES BLACKROCK’S IVV ETF AND MICRON SHARES UNDER U.S. FRAMEWORK
Ondo Finance launched tokenized versions of BlackRock’s $IVV ETF and Micron $MU shares using the SEC’s third-party custodial tokenization model.
This is a major shift from offshore tokenized stock structures, with Oasis Pro handling issuance and Broadridge providing proxy voting and shareholder communications for token holders.
V2 of the Sei Giga Whitepaper is live.
Sei Labs can now confirm that Giga will have substantially better performance and an improved featureset over what was initially described.
Giga will have:
- Sub-250ms finality
- Pre-execution privacy
- Protocol-level MEV resistance.
Here's what's new and why it matters:
Finality: sub-250ms, down from 400ms.
Autobahn's pipelined two-phase BFT is designed to reach consensus in 1.5 round trips versus Tendermint's 3.
In the design, ordering finality is decoupled from state attestation: every trade will settle at consensus speed, while execution happens asynchronously so heavy computation never delays block production.
State commitments will use lattice hash divergence digests over write logs, eliminating Merkle tree computation from the hot path.
The biggest addition in this new version is Sedna.
On single-leader chains, the block producer controls ordering. On multi-proposer chains, any proposer that sees your full transaction can duplicate it and race you in the merge order. The whitepaper identifies three MCP-specific MEV channels.
Sedna is designed to address all of them. Senders would encode transactions into rateless fragments distributed across proposer lanes, and no proposer would see the full payload until the finalization threshold is crossed.
Pre-execution privacy without encrypted mempools, threshold decryption or adding latency to the critical path.
Under Giga, transaction ordering will be fully deterministic.
The tip priority merge rule orders lanes by descending maximum tip, preserves intra-lane position, and deduplicates by hash. The output is a pure function of the committed cut.
Every correct executor will derive the same ordered transaction sequence from the same finalized data.
Storage and execution were also substantially upgraded in v2.
Storage: flat LSM-based key-value store will replace Merkle Patricia Tries. Tiered hot/warm/cold architecture. Divergence commitments over write logs introduced.
Execution: Block-STM parallel execution with optimistic concurrency control. Pipelined parsing, address recovery, and signature verification.
The paper also clearly defines:
- Production Sedna with PIVOT-K incentive layer
- Autobahn consensus upgrades
Forthcoming research:
- Full transaction fee mechanism
- Full-scale PQC alternatives beyond ML-DSA
- Giga tokenomics
Micron ($MU) is now live.
One of the most in-demand memory stocks at the center of the AI boom now has a 24/7 perp market.
Go long or short with up to 5x leverage.
The difference between 400ms and 250ms is almost imperceptible to the human eye.
To a trader, it's 37.5% less time for the market to move between your order and your fill.
Giga Whitepaper V2: sub-250ms finality.
BREAKING: @OndoFinance says real 24/7 trading for tokenized stocks is now live.
SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon can now be minted and redeemed anytime.
Live on Ethereum and BNB Chain, with Solana coming soon.
$1,000,000,000
Ondo Perps has surpassed $1 billion in cumulative trading volume per @DefiLlama, while in Public Beta.
RWA perps are just getting started.
On a per-transaction basis, marginal fee differences are negligible.
For high-volume trading, those differences compound, and fee efficiency becomes a core requirement.
Speed, scale, near-zero fees, and privacy on the way.
Sei is the blockchain for trading.