Topic: #derivatives
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XRP Washout Clears Leverage; ETF Demand Must Sustain Rally
XRP fell to $1.02 in late June, triggering liquidations and shrinking futures activity. The washout reduced forced-selling risk, but spot volume and ETF creations must carry the next move. XRP now trades near $1.08, up 2.7% over seven days.
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HIP-4 hits $24.77M open interest record on World Cup prediction surge
HIP-4, Hyperliquid's binary prediction market, reached an all-time high of $24.77M in open interest as World Cup wagering dominated trading activity. Sports markets now account for 99% of all live open interest on the platform, with the World Cup champion market alone driving $9.63M in weekly volume.
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TurboFlow raises $6M seed from Pantera for APAC trading platform
TurboFlow closed a $6 million seed round led by Pantera Capital to build a combined prediction markets and perpetual futures platform targeting the Asia-Pacific region, featuring up to 1,000x leverage and zero-fee trading on a custom Layer-1 blockchain.
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CME sues CFTC over Bitcoin perpetual futures approval
CME Group plans legal action against the CFTC over its decision to approve crypto perpetual futures, arguing the products are swaps under Dodd-Frank and should face stricter oversight. Outgoing CEO Terry Duffy announced the lawsuit Wednesday.
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Perpetual futures poised to replicate spot Bitcoin ETF adoption surge in U.S.
Kraken's derivatives head John Palmer predicts perpetual futures will follow the same adoption curve as spot Bitcoin ETFs, starting with sophisticated traders and gradually moving to institutional asset managers. Kraken plans to launch perps on Kraken Pro within weeks.
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XRP Perpetual Contracts Launch on CFTC-Approved Kalshi
XRP perpetual futures are now trading on Kalshi, a U.S.-regulated prediction market approved by the CFTC, marking a major shift in how American traders access crypto derivatives after years of relying on offshore platforms.
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OKX Bitcoin perpetual funding hits -453%, forcing shorts into brutal losses
OKX's Bitcoin perpetual futures funding rate has cratered to -453% annualized, forcing short sellers to bleed roughly 1.3% daily in fees. The extreme divergence from Binance's -0.05% to -0.15% rates creates a 48 to 72-hour window where shorts must capitulate or their bearish thesis must play out.
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Bitcoin $60K Level Risks Cascading Liquidations, Deribit Warns
Bitcoin trading near $60,000 faces structural risk from institutional cost basis, $1.2 billion in put options, and leveraged longs that could trigger automated liquidations if the level breaks, according to Deribit's chief commercial officer.
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Kalshi files to list XRP, SOL, ETH, DOGE perpetual futures
Kalshi filed to list perpetual futures contracts tied to XRP, SOL, ETH, DOGE, and eight additional altcoins on its regulated US venue, expanding its crypto derivatives offerings beyond Bitcoin.
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Kraken launches CFTC-regulated Bitcoin perpetual futures for US institutions
Kraken expects to launch CFTC-regulated perpetual futures contracts tied to Bitcoin's spot price within 30 days, joining Coinbase and KalshiEX in capitalizing on fresh regulatory approval from the Commodity Futures Trading Commission.
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H100 GPU rental rates retreat after May spike, Bloomberg Terminal index shows
H100 rental prices pulled back 3% to 9% after hitting an all-time high on May 25, according to Ornn's Compute Price Index, now accessible on Bloomberg Terminal. The index marks a shift toward financialization of the GPU rental market.