Perpetual futures tied to SK Hynix, a South Korean chipmaker whose American depositary receipts debuted on Nasdaq earlier this month, suffered a flash crash on Hyperliquid shortly before the underlying share price came under pressure in its home market. Between 23:00 UTC and 23:01 UTC,… Read More
Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties… Read More
Kruger said bitcoin needs to clear $67,300 to break out of the multi-week consolidation that has capped prices since June. A move above that level could signal the next leg of higher, while ether (ETH) faces a similar test at $2,000. Tom Lee, chairman of… Read More
By Friday afternoon, the mood on commodity trading desks changes. For the first four days of the week, traders have been trying to profit from their bets. By lunch on Friday, however, they’re thinking about how much risk they can tolerate until markets reopen on… Read More
Risk-on peace trades are back in vogue after the U.S. and Iran held fire on Sunday, sending oil prices lower. Bitcoin BTC$65,485.12, the leading cryptocurrency by market value, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) has risen by… Read More
The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean there are no investor protections. If the bill is to pass the… Read More
