Crypto
Bitwise lists HYPE ETF on NYSE as Hougan calls Hyperliquid “mispriced”
The note argues HYPE is being valued as “just perps” despite Hyperliquid’s multi-asset ambitions and non-crypto-linked volume.
Perpetual Futures
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Start hereWhat are crypto perpetual futures and how funding keeps them glued to spot
Perpetual futures are non-expiring crypto derivatives that use trader-to-trader funding payments and strict liquidation rules to manage price tracking and solvency.
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Learn about Perpetual Futures
How do funding rates work in crypto: Reading perp carry and crowding risk
Funding rates are timed transfers between longs and shorts that keep perpetual futures near spot and can warn when leverage is getting crowded.
How leverage works in crypto trading: margin, liquidation, and funding
Leverage lets a small margin deposit control a larger position, but it adds liquidation triggers and recurring funding costs on perpetual futures.
How crypto liquidation works: the margin-ratio trigger behind forced unwinds
Liquidation starts when assets no longer cover debt plus interest at an exchange-defined threshold, forcing collateral sales and fees.
How to read open interest in crypto without getting faked out
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.
Latest Perpetual Futures News
Crypto
SOL perp funding flips negative after $83 retest as Solana DEX activity cools
Annualized funding swung from +8% to -3% in days while weekly DEX volume and DApp revenue fell well below January levels.
