Ripple Prime's 24/7 swaps could boost institutional blockchain adoption, potentially enhancing Hyperliquid's market value and appeal. Ripple Prime launches 24/7 swaps on real-world assets via Hyperliquid platform.
The address held 525.806 BTC in an Oct. 16 snapshot, compared with 573.759 BTC in an earlier snapshot. Bitcoin was priced at $81,976.
Open interest's notional value rose by $35.63 million to $82.33 million as at least three traders held new leveraged longs.
Institutions trade swaps referencing more than 100 traditional financial markets around the clock, with Ripple Prime as the principal counterparty, Ripple announced on Oct. 15. The swaps cover stocks, equity indices, ETFs, metals, energy and foreign exchange, and they reference perpetual contracts that Trade.xyz lists on Hyperliquid.
Jeff Yan told Bloomberg's Odd Lots that US regulation should land on firms running markets on Hyperliquid, not the chain, as Payward plans regulated US perps.
Yan's regulatory model could reshape blockchain compliance, aligning it with traditional finance oversight and potentially influencing global standards. Hyperliquid CEO Jeff Yan lays out a US compliance plan that regulates operators, not the chain.
The CFTC's move to integrate Hyperliquid may signal a shift towards greater regulatory acceptance of innovative crypto platforms in the U.S. CFTC working to integrate Hyperliquid into US market, says Trump.
A $100 million staking commitment revealed one whale's patience. HYPE's derivatives traders offered a less comfortable near-term picture.
HYPE was up 1.69% over 24 hours. Short liquidations across three exchanges totaled $300,000 in the same hour.
Short positions made up 53.24% of aggregate position value on Oct. 15, compared with 46.76% for longs.
The platform runs markets around the clock and operates outside the United States, where its path to compliant operations was also discussed.
Ripple Prime has added RWA perpetual swaps tied to equities, ETFs, metals, energy and currencies, with 24/7 trading and settlement.