Derivatives

U.S. CFTC joins SEC in proposing crypto regulations, though spot-market gap lingers
The derivatives regulator is proposing two rules meant to cover the waterfront of crypto activity and exchanges, as long as it's not simple, direct trading.

BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
The exchange, co-founded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its wind-down continues.

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.

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.

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.

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.

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.

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.

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.

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.
