Markets
NYSE's owner calls Hyperliquid bigger than NASDAQ
ICE CEO Jeffrey Sprecher said Hyperliquid is "bigger than NASDAQ" by daily volume, and disclosed his team has met its founders multiple times. The DeFi platform controls over 70% of the decentralized perp market and has been trading oil futures on weekends when traditional exchanges are closed. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
CFTC not ready for crypto's expansion, expert warns
CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti dig into the New York Times investigation of the CFTC and Kalshi's latest lawsuit against Minnesota before sitting down with Aaron Klein, senior fellow at the Brookings Institution. Klein argues that independent financial regulators have been turned into "subsidiaries of the White House," warns that the CFTC is not structurally up to the jurisdiction CLARITY would hand it, and makes the case that the SEC and CFTC should be merged. He also unpacks lessons from Dodd-Frank and the savings-and-loan crisis. Plus, Rebecca and Renato debrief on the CFTC staffing debate and name House Agriculture Chairman GT Thompson and Ranking Member Angie Craig as their People of the Week for their bipartisan push to fill out the CFTC commission.
Bitcoin pinned below $73,000 despite potential U.S.-Iran deal news
U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.
Standard Chartered backs $4,000 ether as retail piles into the sub-$2,000 drop
The bank says onchain metrics will pull the price back up, just as Amazon's stock price recovered after 2001. A retail dip-buying frenzy and a record futures short build say the bottom isn't in yet.
Hyperliquid takes on Polymarket with native event markets
Hyperliquid is expanding its HIP-4 outcome contracts into real-world events like inflation data and Fed decisions, putting it in direct competition with Polymarket. The key difference: Hyperliquid handles dispute resolution in-house through its validators, rather than relying on an external oracle like Polymarket's UMA. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
HYPE funds attract millions as investors dump bitcoin and ether ETFs
Investors turn to HYPE and XRP funds while dumping bitcoin and ether ETFs.
Bitcoin gives up Clarity Act gains as macro rout wipes out leveraged crypto bulls
Stocks, gold and crypto slid on Friday while crude oil topped $100 and traders repriced Fed expectations for rate hikes.
The U.S. stock market is getting close to dot-com bubble peak valuations
The Shiller cyclically adjusted price-to-earnings ratio for U.S. stocks is nearing the 1999 peak seen during the dot-com bubble.
Bitcoin hits $82,000, Coinbase leads crypto stock gains as Clarity Act advances
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.
CME dives further into $85 trillion digital assets market with Nasdaq CME Crypto Index futures
A CME group executive said the demand grew with average daily trading volume in his firms’ suite increasing by 43% year-to date.
