HYPE jumps 11% after Trump says CFTC chair is working on a U.S. path for Hyperliquid
The White House remarks offered no approval, structure, or timeline for an onshore perps product.
Start herePerpetual futures are non-expiring crypto derivatives that use trader-to-trader funding payments and strict liquidation rules to manage price tracking and solvency.

Spot makes you pay with capital and custody, dated futures price in basis to expiry, and perpetuals charge or pay a recurring funding rent.

Funding rates are timed transfers between longs and shorts that keep perpetual futures near spot and can warn when leverage is getting crowded.

Leverage lets a small margin deposit control a larger position, but it adds liquidation triggers and recurring funding costs on perpetual futures.

Liquidation starts when assets no longer cover debt plus interest at an exchange-defined threshold, forcing collateral sales and fees.

Open interest is a leverage inventory gauge, and it only becomes a usable signal when paired with price, volume, long/short ratios, and liquidation maps.
The White House remarks offered no approval, structure, or timeline for an onshore perps product.
Data showed 637 BTC of short liquidations on Monday, while spot demand and ETF flows were cited as the constraint.
Allium modeled liquidations on both sides if Unitree’s first print lands far from the $92–$94 perp level.
Robinhood Chain’s explorer flagged the posted contract as a scam as the post hit 175,000+ views in under 20 minutes.
TokenizeThis 2026 speakers framed GENIUS as a stablecoin green light and CLARITY as the bigger market-structure unlock.
On-chain data shows about 438.7M HYPE staked and derivatives open interest above $11B over the last 24 hours.
Onchain revenue and DEX volumes remain weak, leaving $2,100 dependent on risk-on follow-through and Alphabet earnings.
Perp volume, open interest, and weekly revenue all fell sharply as buybacks slowed and spot HYPE ETF flows went quiet.
The Nasdaq-listed firm gets Skew equity and a share of listing-service revenue tied to institutional market launches.
Pollak said Base’s onchain-social push failed and the network will refocus on trading, payments and AI agents.
CEO Stephen Gregory said the exchange is rebuilding after a two-year “hibernation” and is targeting a return to roughly 20% U.S. market share.
July 9 was the lone outflow day at -$52.08M as ETH tagged $1,748, while CoinGlass showed a 0.946 long/short ratio.
Bridge deposits hit $106M and Ethereum holds 47% of RWA tokenization, but usage and perp demand softened into resistance.
The crypto VC says it will stay crypto-first while investing across “other frontiers,” citing Hyperliquid and Kalshi.
Open interest around $344.6M alongside the Q2 print points to liquidity rotating venues, not exiting derivatives.
The rollout splits access: perpetual futures for institutional and advanced traders, and equities for retail users under UK rules.
Traders split between a Summer 2022-style breakdown and a rebound if Strategy signals net buying.
Tokenized assets reached a $3.5B record and prediction markets gained traction, while funding fell to 3% from 11% in two days.
BTC hit a $62,137 July high as 57K nonfarm payrolls and nearly $450M in short liquidations hit at once.
The launch pairs tokenized equities in 120+ countries with a self-custody USDG lending product targeting an estimated 7% APY.