We’re excited to announce that we received an ecosystem grant from @cronosapp via @particle_b. We’ll be looking forward to further developing https://t.co/OZASbYWgdd on #Cronos to continue with our multi chain vision.
https://t.co/obPkJHf9yj
Today we are extremely excited to announce the first batch of Cronos Ecosystem Grant Recipients 🪐
DeFi: @entropyfi, @single_finance
NFT: @AgoramarketNFT
Gaming: @LegendsOfMitra
Tooling: @chrtrio
Community: @TheCronicleNews
Read on to find out more 🧵
https://t.co/2l66Erw20e
We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management.
For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets.
Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.
Jeff Sprecher, founder and CEO of $ICE (owns the NYSE) on Hyperliquid:
"This Hyperliquid that we're talking -- if you haven't heard about it, it's bigger than NASDAQ, okay? It's 11 people. You look at it, you're like, wow, that's pretty something."
If it wasn't clear before, hyperliquid:native has grown far beyond crypto. The incumbents have noticed, are paying close attention, and even spending time with the team
Bernstein excerpt below and worth the read imo: