Hyperliquid oil perps put Wall Street’s 24/7 trading push to the test

Tech  Hyperliquid oil perps put Wall Streets 24/7 trading push to the test  CME Group plans to make its cryptocurrency futures and options trade around the clock beginning May 29, a product line that posted $3 trillion in notional volume in 2025 and is running 46% above that pace year-to-date.  ICEs New York Stock Exchange is developing a tokenized securities platform built for 24/7 operations, instant settlement, dollar-sized orders, and stablecoin-based funding, pending regulatory approvals.  Both exchange operators have directed capital and infrastructure toward the same always-open structure pioneered by crypto-native venues.  Bloomberg reported on May 15 that the same two exchange giants are pressing US officials to rein in Hyperliquid, the offshore crypto venue that built the model before either incumbent filed.  According to people familiar with the discussions, CME and ICE alleged that Hyperliquids anonymous trading environment could distort global oil prices, facilitate market manipulation, and enable state actors to circumvent sanctions enforcement.  Bloomberg had separately reported in March that a Hyperliquid perpetual contract tracking WTI crude generated more than $1.2 billion in 24-hour volume during a traditional-market oil spike, briefly becoming the platforms second-most-traded market.  The fight that CME and ICE are allegedly taking to Washington is over who gets to run continuous markets when

05-17

Cardano Begins Building Quantum Resistant Future With Security Initiative

Tech  Cardano Begins Building Quantum Resistant Future With Security Initiative  Cardano builder Input Output Group has revealed a new research proposal projected to boost Cardanos quantum readiness.  In a tweet, Input Output stated that the IO Research proposal future-proofs Cardano and builds long-term resilience for post-quantum security.  IO noted that the quantum threat represents a long-term reality, with the time to prepare being not later but now. It noted that layer by layer, Cardano is being hardened.  The IO Research proposal future-proofs Cardano and builds long-term resilience for post-quantum security.  The quantum threat is a long term reality and the time to prepare is now! Layer by layer, Cardano is being hardened.  Vote now: https://t.co/w4RvEv5nY4 pic.twitter.com/6yqn8BKK41  — Input Output Group (@IOGroup) May 16, 2026  Three strategic themes underpin Input Outputs proposal for the Cardano ecosystem, which includes human-centered design, scalable architecture, and post-quantum security. Scalability will be addressed through a layered approach, combining consensus improvements such as Leios and Peras, and execution scaling such as L2s and data availability ZK-enabled scaling, including ZK rollups.  Post-quantum security ensures long-term resilience as cryptographic assumptions evolve, with proactive evaluation and migration planning for quantum-resistant primitives.  Peter Brandt Warns Solana Could Crash  Is Hyperliquid Worth All the Recent Hype?  The Cardano Vision 2026 proposal builds on this

05-17

Drone strike ignites fire outside Barakah Nuclear Power Plant in Abu Dhabi

Tech  Drone strike ignites fire outside Barakah Nuclear Power Plant in Abu Dhabi  A drone strike caused a fire outside the Barakah Nuclear Power Plant in Abu Dhabi, according to reports, with no injuries or safety impact at the facility itself.  The Barakah plant, the UAE‘s sole nuclear power facility, sits on the country’s western coast near the Saudi border. It represents a cornerstone of the Emirates push to diversify its energy portfolio beyond hydrocarbons.  What we know so far  Reports indicate the fire broke out outside the plants perimeter following a drone strike, with UAE authorities stating there were no injuries and no impact on nuclear safety operations.  A confirmed Iranian drone strike recently hit an oil facility in Fujairah, another emirate on the UAEs eastern coast, injuring three Indian nationals. During that attack, the UAE military intercepted multiple missiles, signaling a clear escalation in the tempo and ambition of strikes against Emirati assets.  Previous claims of Houthi missile attacks directly targeting Barakah have surfaced in the past. UAE authorities denied those earlier reports, citing effective missile defense systems that neutralized incoming threats before they reached sensitive sites.  The broader security picture  The Fujairah oil facility strike confirmed that Iran can reach deep into UAE territory. Analysts have

05-17

Asteroid (ASTEROID) Skyrockets, But It Might be Nothing: Analyzing What Triggered the Growth

Tech  Asteroid (ASTEROID) Skyrockets, But It Might be Nothing: Analyzing What Triggered the Growth  Following an aggressive buying spree by a major whale, the meme token Asteroid abruptly surged higher, driving price action into a sharp vertical rally.  Asteroid doesnt want to stop  At an average entry price close to $0.0003297, one of the top five token holders spent about $1.39 million accumulating ASTEROID, according to on-chain trading data. The wallets unrealized profit increased to about $366,000 after the move, a gain of 26.4% in a very short period of time.  Source: ai_9684 on X  The whale currently holds nearly 4.21 billion ASTEROID tokens, or 99.9% of the position that was initially accumulated, and hasnt sold a single token, so the move immediately garnered attention. The token was quickly repriced upward toward the $0.00041 range as a result of the large purchase, which set off a massive green candle.  Peter Brandt Warns Solana Could Crash  Is Hyperliquid Worth All the Recent Hype?  The biggest catch  The rally appears impressive at first glance. The issue is that, rather than being essentially organic, the majority of the growth seems to be liquidity-driven. The chart structure clearly indicates that concentrated whale activity, rather than widespread retail participation or ecosystem expansion, was the primary

05-17

House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes

Tech  House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes  The CFTC is about to get handed one of the biggest regulatory mandates in its history. It currently has one person to do the job.  House Agriculture Committee Chair Glenn “GT” Thompson (R-PA) and Ranking Member Angie Craig (D-MN) sent a bipartisan letter to President Trump urging him to nominate four new commissioners to the Commodity Futures Trading Commission. The agency, which would gain sweeping new authority over spot trading of digital commodities under the Digital Asset Market CLARITY Act, has had four of its five seats vacant since December. Chairman Michael Selig is currently running the show solo.  One commissioner, massive new responsibilities  Congress is actively building legislation that would transform the CFTC from a derivatives-focused watchdog into a major player in crypto market oversight. The CLARITY Act already advanced through the Senate Banking Committee with a 15-9 vote, signaling real momentum. And the agency thats supposed to implement all of this has exactly one decision-maker.  Thompson and Craig aren‘t just making a procedural request. They’re flagging a structural problem that could undermine the legitimacy of any regulations the CFTC produces. A single commissioner crafting rules for an entirely new market

05-17

Hyperliquid oil perps put Wall Street’s 24/7 trading push to the test

Tech  Hyperliquid oil perps put Wall Streets 24/7 trading push to the test  CME Group plans to make its cryptocurrency futures and options trade around the clock beginning May 29, a product line that posted $3 trillion in notional volume in 2025 and is running 46% above that pace year-to-date.  ICEs New York Stock Exchange is developing a tokenized securities platform built for 24/7 operations, instant settlement, dollar-sized orders, and stablecoin-based funding, pending regulatory approvals.  Both exchange operators have directed capital and infrastructure toward the same always-open structure pioneered by crypto-native venues.  Bloomberg reported on May 15 that the same two exchange giants are pressing US officials to rein in Hyperliquid, the offshore crypto venue that built the model before either incumbent filed.  According to people familiar with the discussions, CME and ICE alleged that Hyperliquids anonymous trading environment could distort global oil prices, facilitate market manipulation, and enable state actors to circumvent sanctions enforcement.  Bloomberg had separately reported in March that a Hyperliquid perpetual contract tracking WTI crude generated more than $1.2 billion in 24-hour volume during a traditional-market oil spike, briefly becoming the platforms second-most-traded market.  The fight that CME and ICE are allegedly taking to Washington is over who gets to run continuous markets when

05-17

Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore

Tech  Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore  A stablecoin most people have never heard of has quietly become one of the largest non-dollar stablecoins on the planet. A7A5, a ruble-pegged token issued by a Kyrgyz company called Old Vector, has processed between $70 billion and $100 billion in on-chain transaction volume since launching in January 2025.  A7A5 is backed by ruble deposits held at Promsvyazbank, a Russian bank that has been under Western sanctions for years. The token is issued by Old Vector, which operates under Kyrgyzstans digital asset regulatory framework, giving it a jurisdictional home that sits outside the direct reach of US and EU enforcement.  The token primarily runs on Tron and Ethereum. Its circulating market cap sits above $500 million, making it the 21st-largest stablecoin globally.  A7A5 accounts for approximately 15% of Russia‘s cross-border monetary transactions. It has been described as the primary currency for Russia’s alternative payment network, facilitating trade with China, Southeast Asian nations, and Iran. Most of the trading volume flows through Grinex, an exchange purpose-built for this corridor.  The US and EU have imposed sanctions on A7A5 and entities associated with its operation, resulting in delistings from major platforms and

05-17

Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore

Tech  Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore  A stablecoin most people have never heard of has quietly become one of the largest non-dollar stablecoins on the planet. A7A5, a ruble-pegged token issued by a Kyrgyz company called Old Vector, has processed between $70 billion and $100 billion in on-chain transaction volume since launching in January 2025.  A7A5 is backed by ruble deposits held at Promsvyazbank, a Russian bank that has been under Western sanctions for years. The token is issued by Old Vector, which operates under Kyrgyzstans digital asset regulatory framework, giving it a jurisdictional home that sits outside the direct reach of US and EU enforcement.  The token primarily runs on Tron and Ethereum. Its circulating market cap sits above $500 million, making it the 21st-largest stablecoin globally.  A7A5 accounts for approximately 15% of Russia‘s cross-border monetary transactions. It has been described as the primary currency for Russia’s alternative payment network, facilitating trade with China, Southeast Asian nations, and Iran. Most of the trading volume flows through Grinex, an exchange purpose-built for this corridor.  The US and EU have imposed sanctions on A7A5 and entities associated with its operation, resulting in delistings from major platforms and

05-17

Swatch Sale: How a $400 Plastic Clock Exposes Our Toxic Overconsumption Obsession

The Crypto Evolution: From Speculative Mania to True Financial Sovereignty  While critics are quick to point out the clear similarities between the Swatch madness and the worst impulses of cryptos historical bull markets, a critical ideological distinction must be made.  The internet-based financial mania of the past half-decade eventually paved the way for a deeper, institutional maturation. Unlike the dead-end consumerism of luxury fashion collaborations, the underlying infrastructure of the digital asset ecosystem was built as a direct antidote to societal dependency on legacy systems.  Crypto, at its core philosophical level, is not about buying digital collectibles to flex on social media; it is about establishing baseline financial freedom. Consider the systemic structural contrast:Independence from Physical Bureaucracy: For decades, everyday citizens have been forced to conform to the rigid schedules of traditional financial institutions. They stood in physical lines at legacy banks, filled out archaic paperwork, and waited days for local clearing houses to approve their own capital.Radical Autonomy: True decentralized protocols allow an individual to execute borderless, censorship-resistant transactions instantly, completely bypassing the gatekeepers who control physical real estate and domestic distribution networks.  The individuals fighting in line for a consumer watch are willingly subjugating themselves to a centralized corporate hierarchy for a

05-17

Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45?

Tech  Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45?  Source: HypurrScanHyperliquid market demand remains steady  Source: DeFiLlama  Source: CoinGlassIs the demand enough to absorb pressure?  After HYPE dropped to a low of $40, buyers jumped in, bought the dip, and defended the key support level. In doing so, the upside momentum began to show some strength.  In fact, the Relative Strength Index (RSI) signaled a reversal, rising from 50 to 52. RSI avoiding further slip suggested that buyers repelled sellers and extensively absorbed market pressure.  Source: TradingView  At the same time, the SMI Erogdic Indicator (SMII) also held above its signals, further confirming recovering bullish pressure. These momentum indicators suggested buyers have returned with strength, and managed to weaken sellside pressure.  Therefore, if capital inflows hold, HYPE is likely to recover from this slip and target $45.  However, if the whales profit realization trend continues and demand from other market players remains, Hyperliquid will see sideways movement. Sideways movement will see HYPE trade between $41 and $44.

05-17
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