Derivatives

Derivatives

Markets

Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid

Leveraging its $550 million acquisition of Bitnomial, Payward aims to become the first registered U.S. exchange to deploy markets on the Hyperliquid protocol.

Payward and Kraken co-CEO Arjun Sethi.

Finance

North Korean hackers are moving tens of millions on Hyperliquid as Trump pushes to onshore the crypto platform

Blockchain data reviewed by CoinDesk shows wallets tied to North Korea’s Lazarus Group sold more than $30 million in bitcoin on the platform in the last three weeks alone.

North Korea has become the single most aggressive state actor operating in the crypto space today (Getty Images/BirgitKorber)

Finance

Ethena looks beyond crypto to squeeze yield from booming equity perpetuals

The issuer of the $4 billion USDe token said it expects real-world asset perpetuals to eclipse crypto derivatives in its backing within 12 to 24 months.

Ethena CEO Guy Young (right) with Aave Labs founder Stani Kulechov (Margaux Nijkerk/ CoinDesk)

Markets

Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price

Hyperliquid traders value Unitree at nearly $38 billion versus $9 billion at its IPO, leaving leveraged bets vulnerable when trading begins, Allium analysts said.

Unitree robot at the company's store during its opening at the JD.com Inc. Shuangjing shopping center. (Fred Lee/Getty Images)

Finance

Ondo drops tokenized asset blockchain plans for private, high-speed trading network

The new network powers Ondo's recently-launched perpetual futures platform and will eventually support trading across onchain financial assets.

Ondo Finance CEO Ian de Bode 16:9 (Ondo Finance)

Finance

Latin America’s biggest stock exchange now offers options on bitcoin, ether and solana futures

These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.

Sao Paulo, Brazil (Shutterstock)

Finance

EToro invests in onchain derivatives platform Extended as brokers race into DeFi

The broker plans to bring perpetual futures into Zengo wallet and expand DeFi products to its core platform as rivals like Robinhood expand onchain offerings.

EToro CEO Yoni Assia. (Vanja Savic/Wikimedia Commons)

Finance

JPMorgan sees limited institutional demand for perpetual futures

The bank said institutional demand for perpetual futures remains muted, with the products better suited to speculative trading than hedging.

JPMorgan Chase & Co. in London

Finance

Perpetual futures could become crypto's next ETF moment

John Palmer, head of derivatives at Kraken, said he expects sophisticated traders to lead adoption of newly approved U.S. perpetual futures, with broader institutional participation likely to follow over time.

CoinDesk

Finance

Influential research firm that caused AI stock meltdown lays out Hyperliquid as 'compelling' idea

Unlike most crypto, Hyperliquid actually generates cash flow and has a token buyback mechanism, says Citrini Research

Hype