JPMorgan analysts report that Hyperliquid ETF inflows, which were strong in May and June, have largely stalled in July and August as the cryptocurrency platform faces mounting pressure from newly approved U.S.-regulated perpetual futures trading platforms.
JPMorgan analysts report that Hyperliquid ETF inflows, which were strong in May and June, have largely stalled in July and August as the cryptocurrency platform faces mounting pressure from newly approved U.S.-regulated perpetual futures trading platforms.
Coinbase will consolidate its International Exchange institutional derivatives operations onto Deribit on September 9, 2026, following its $2.9 billion acquisition of the platform. The migration will force-settle existing positions and require clients to update APIs and close margin loans ahead of the transition.
The SEC has halted Nasdaq's approval of QBTC Bitcoin options to reconsider the decision after CME Group filed a legal challenge, arguing the approval process was flawed and gave Nasdaq an unfair competitive advantage.
Cryptocurrency exchange Bybit announced on July 31, 2026, that it will allow users to pledge six tokenized stocks (xStocks) as collateral across its margin trading, crypto loans, and institutional lending services. The tokenized equities include shares of Nvidia, Apple, Tesla, Robinhood, Circle, and Google.
CME Group CEO Terry Duffy highlighted potential tax implications stemming from an ongoing legal battle over whether perpetual futures contracts should be classified as swaps or futures, a distinction that could affect how the IRS taxes these popular crypto derivatives.
Traders using perpetual futures contracts—the dominant price discovery mechanism for bitcoin and ether—applied the same tools to value SpaceX as a private company, producing a more accurate valuation for what became the biggest IPO in history than traditional Wall Street estimates, though the stock subsequently diverged from their pricing.
Traders using perpetual futures contracts—the dominant price discovery mechanism for bitcoin and ether—applied the same tools to value SpaceX as a private company, producing a more accurate valuation for what became the biggest IPO in history than traditional Wall Street estimates, though the stock subsequently diverged from their pricing.
Sharp price swings in bitcoin and ether resulted in nearly $286 million in liquidations on July 30, 2026, even as both cryptocurrencies remained relatively flat over the 24-hour period, highlighting the impact of intraday volatility on leveraged positions.
Cryptocurrency derivatives exchange BitMEX was hit with a proposed class-action lawsuit accusing it of engineering customer liquidations to seize 623 bitcoin (approximately $60 million) on the same day the platform announced it would shut down after 11 years of operation.
Crypto derivatives exchange BitMEX announced it will cease operations on September 23, 2026, following a strategic review by parent company HDR Global Trading Limited. The platform, which pioneered 100x leverage perpetual swaps, has already halted new account registrations.
BitMEX, the pioneering cryptocurrency derivatives exchange that introduced 100x leverage perpetual swaps, announced it will permanently shut down on September 23, 2026, following a strategic review by parent company HDR Global Trading Limited. The platform has already halted new account registrations.
Monthly trading volumes for tokenized real-world asset (RWA) perpetual futures have grown more than fivefold to $470 billion, driven primarily by tokenized equity products. Public equities now represent 46% of the RWA perpetuals market with $2 billion in open interest, while Solana captures 95% of on-chain tokenized stock trading volume.
Institutional digital asset trading platform Talos has integrated with prediction market operator Kalshi, enabling hedge funds and market makers to access event contracts and crypto perpetuals through their existing trading infrastructure without separate connections.
Researchers at Stanford University and Singapore Management University found that Polymarket's five-minute Bitcoin prediction markets create incentives for traders to manipulate spot prices around settlement times, with evidence suggesting coordinated price manipulation.
Polymarket's affiliated entity filed with the National Futures Association on July 3 to offer margin trading in the US, though activation still requires CFTC approval. The move would allow users to open positions with a fraction of capital required upfront.
Robinhood launched the public mainnet of Robinhood Chain, its Layer 2 blockchain, alongside new products including 24/7 tokenized stock trading, perpetual futures, onchain lending, and planned agentic crypto trading capabilities.
Cboe Global Markets debuted binary option contracts on the Mini-S&P 500 Index through Interactive Brokers, offering retail traders a regulated prediction market product fully backed by OCC clearing and standard US options regulation.
The CFTC and SEC issued a joint request for comment on clarifying definitions of 'swaps' and 'security-based swaps,' including for perpetual futures and event contracts, the same day CME Group announced plans to sue the CFTC over approval of perpetual futures for Kalshi and Coinbase.
BlackRock has filed what appears to be the final amendment with the SEC for its iShares Bitcoin Premium Income ETF (BITA), a covered-call product charging 65 basis points that will trade on Nasdaq. The launch sets up a race with Goldman Sachs to bring the first major yield-paying Bitcoin ETF to market.
The UK's Financial Conduct Authority has listed Hyperliquid and Hyper Foundation as unauthorized firms, while CME's chief warned that crypto perpetuals could be a 'disaster waiting to happen,' highlighting growing regulatory concerns about the platform amid its Wall Street expansion.
Coinbase unveiled a new product allowing eligible non-U.S. users to trade perpetual futures contracts tied to pre-IPO companies. SpaceX is the first offering, with contracts tracking the company ahead of its planned $75 billion IPO.
Prediction market platform Kalshi launched the first CFTC-regulated Bitcoin perpetual futures in the U.S. and applied for altcoin derivatives, while former congressman George Santos faces federal investigation for allegedly betting against his own attendance at a State of the Union address on the platform.
ICE CEO Jeffrey Sprecher disclosed at the Bernstein conference that the NYSE parent company held multiple discussions with Hyperliquid to evaluate the on-chain perpetual futures market, describing it as larger than Nasdaq and seeking a 'level playing field' for the space.
The Commodity Futures Trading Commission approved the first bitcoin perpetual futures contracts on U.S. regulated exchanges, with Kalshi and Coinbase Financial Markets receiving clearance to offer these products domestically. The landmark approval opens a product class that American traders have long accessed only through offshore platforms.
Ripple's institutional lending arm Ripple Prime closed a $200 million debt facility from asset manager Neuberger Berman to scale its crypto lending operations and launch margin trading services for institutional clients.
Despite Bitcoin's 20% price surge in April, CryptoQuant analysis indicates the rally was driven by speculative perpetual futures demand while spot market demand remained weak, warning of potential correction risk ahead.
Crypto exchange Gemini obtained a DCO license from the CFTC, allowing it to act as an in-house clearinghouse for derivatives and prediction markets, positioning it to compete with Kalshi and Polymarket.
Coinbase filed with the CFTC to activate Trade at Settlement for XRP futures on May 1, allowing institutions to execute large block orders at the official closing price. XRP joins Bitcoin, Ethereum, gold, and crude oil in having this institutional trading feature.
CFTC Chairman Michael Selig faced intense bipartisan questioning from House lawmakers over the agency's approach to prediction markets, sports betting contracts, and oversight of crypto derivatives platform Hyperliquid amid staffing concerns.
Australia's Federal Court fined Binance Australia Derivatives $6.9 million after the exchange misclassified 524 retail clients as wholesale investors, exposing them to high-risk crypto derivatives without required protections. The penalty follows Binance's admission that the clients lost $6 million trading these products.
