News linked to both this project and an event.
jeff.hl posted on X stating that ICE, trade[XYZ], and Hyperliquid are jointly opening a new chapter. According to the announcement he cited, Hyperliquid provides the underlying technical infrastructure through HIP-3, trade[XYZ] is responsible for designing and implementing the markets, and ICE operates the regulated market and clearing structure; the existing trade[XYZ] HIP-3 markets remain unchanged, and trading still requires regulatory approval. jeff.hl also said that about a year ago he spoke with ICE CEO Jeff Sprecher and joked that if he saw ICE building on Hyperliquid technology, it would mean success.
Odaily News: Kalshi and BitGo have reached a new arrangement allowing certain customers to borrow against their custodied crypto assets and use the loan proceeds as margin for leveraged perpetual futures trading on the Kalshi exchange. The arrangement is aimed at clients of Kalshi Prime, Kalshi's US-registered futures commission merchant, and adopts a tripartite collateral management structure; loans are provided by its affiliated lending company Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with additional custodians expected to be onboarded in the future. Kalshi Prime CEO Jeff Bandman said the arrangement allows customers to participate in trading without having to exit their crypto asset positions.
As reported by Bloomberg, tech hedge fund Augnition Global Investors, founded by Jeff Wang, former head of global equities at Sequoia Capital, announced it has raised over $1 billion. According to disclosed regulatory filings, the fund launched with at least $570 million in capital, approximately 45% of which was internal capital.
Michael Saylor posted on X platform stating that this week at ParaFi Investor Day he introduced digital capital, credit, and equity, and held a fireside chat with Jeff Park to discuss digital assets, digital intelligence, and the future of finance. The presentation covered topics including Bitcoin as digital capital, CLARITY regulation, Bitcoin banking adoption, reshaping gold-backed credit with STRC, STRC returning to par value, Bitcoin gain per share, Strategy's triple flywheel, shifting from quarterly dividends to daily dividends, Bitcoin-backed stablecoins, adoption by digital credit institutions, as well as digital currencies, derivatives, exchanges, regulation, and product development in the AI era.
Odaily News: Hyperliquid Labs CEO and co-founder Jeff Yan gave a rare interview, detailing the platform's operating mechanism and future plans.Hyperliquid entered the spotlight of global traders and market observers earlier this year—after the Iran war broke out, speculators used the markets built on it to trade crude oil, with the platform offering 24/7 markets on the blockchain. In August, U.S. President Trump said the CFTC is pushing to allow Hyperliquid to "enter the United States in a fully compliant and legal manner." Hyperliquid currently operates outside the United States, but that has not hindered its rapid expansion over the past year.In the interview, Jeff Yan introduced the protocol he built with his co-founder, the ecosystem of participants and assets tied to Hyperliquid (such as the platform's cryptocurrency HYPE), how perpetual contracts are bought and sold on the platform, and explained what a blockchain oracle is, as well as the conditions Hyperliquid needs to meet to conduct business in the United States. (Bloomberg)
According to Bloomberg, Hyperliquid founder Jeff Yan stated during an interview with the Bloomberg Odd Lots podcast that U.S. regulatory obligations for cryptocurrency trading platforms should fall on financial institutions operating markets on the Hyperliquid blockchain, rather than on the blockchain network itself. This strategy aims to facilitate the platform's expansion into Wall Street while sidestepping the comprehensive compliance burdens of traditional exchanges. Currently, U.S. regulators are discussing how to incorporate offshore cryptocurrency trading platforms into the domestic financial regulatory framework.
Odaily News — Jeff Yan, co-founder and CEO of decentralized exchange Hyperliquid, said at Token2049 Singapore that Wall Street's traditional wealth creation model is unsustainable for most participants. Assets such as company stocks are often only opened to the public after listing, causing retail investors to miss the main growth gains before listing.Jeff Yan stated that Hyperliquid's primary goal is to expand wealth creation opportunities and participation in the financial system, and that revenue is merely a byproduct of delivering user value, not an optimization target. Its perpetual contracts have no expiration date, which can reduce the number of decisions traders need to make and avoid liquidity fragmentation.Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among the highest-revenue DeFi protocols. In July this year, Pantera said that onchain perpetual contracts may become a mainstream trading tool in global financial markets due to their structural advantages.Jeffrey Sprecher, CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, previously called on regulators to create a level playing field for around-the-clock onchain perpetual contracts. In March this year, NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure. (Cointelegraph)
Odaily News: U.S. President Trump and House Speaker Mike Johnson will hold a luncheon on Tuesday with several AI and tech industry executives to discuss the regulation of rapidly evolving AI technology. Attendees include Elon Musk, Jeff Bezos, Microsoft CEO Satya Nadella, Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, AMD CEO Lisa Su, Broadcom CEO Hock Tan, and Anthropic CEO Dario Amodei. The Trump administration favors industry-led AI safety governance, but pressure to strengthen government regulation continues to rise.
Odaily News: After US August core CPI inflation heated up again, expectations for a Federal Reserve rate hike in September rose rapidly. As a rate hike this week becomes a high-probability event, the market's focus has shifted to "how US stocks will move after the rate hike."Jeff Buchbinder, Chief Equity Strategist at LPL Financial, analyzed six Fed tightening cycles since 1994, and the results show that the S&P 500 usually performs weakly in the short term after the first rate hike, but outcomes one year later are notably better than in the initial months.Compared with 2022, LPL believes the underlying conditions facing the US economy amid rate hikes are clearly different now, and the current macroeconomic environment is closer to the late 1990s. However, that does not mean the 1997 market scenario will reappear. LPL previously estimated that even if the Fed continues to tighten monetary policy this cycle, the overall scale of tightening is unlikely to approach the level seen from 2022 to 2023. In the previous cycle, the Fed raised rates by a cumulative 5.25 percentage points, equivalent to 21 consecutive 25-basis-point hikes. (Investopedia)
据 Cointelegraph 报道，美国参议院少数党领袖查克·舒默（Chuck Schumer）于 7月 31 日正式提出《反腐败局创建法案》（Anti-Corruption Bureau Creation Act），拟设立一个专职处理联邦层面腐败问题的新政府机构。 该法案明确点名特朗普，援引其 2025 年披露的逾 20 亿美元投资收益（其中加密相关收益达 14 亿美元），以及其家族持有与外国政府挂钩的逾 10 亿美元加密基金。拟设机构将由 7 名两党成员组成，经参议院确认后就任，具备调查、执法及预防行政腐败的"实质权力"，并将联邦选举委员会、政府伦理办公室及特别顾问办公室整合至同一屋檐下。参议员 Andy Kim、Alex Padilla 和 Jeff Merkley 联署共同提案。 白宫副新闻秘书 Anna Kelly 对此回应称，特朗普的投资"由独立第三方金融机构管理的全权委托账户持有，不存在利益冲突"。
According to CoinDesk, U.S. Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley held a press conference on Capitol Hill on July 14, publicly announcing opposition to the cryptocurrency market structure bill, the "Digital Asset Market Clarity Act" (Clarity Act), and characterized it as "corrupt legislation." The core focus of the three senators' opposition is that the bill currently still fails to incorporate ethical provisions prohibiting the President and senior government officials from personally participating in the crypto industry. Van Hollen stated bluntly that the bill "will cause great harm"; Murphy used even stronger language, stating that if the bill cannot cut off the entanglement of interests between the Trump family and the crypto industry, it "is itself an umbrella for corruption."
According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.
: Jeff.hl posted on X platform, stating that during the advancement of the CLARITY Act, he has met with multiple U.S. policymakers in Washington through the Hyperliquid Policy Center to discuss the regulatory path for introducing on-chain derivatives markets in the United States. Part of the discussion focused on the global demand for on-chain trading as financial innovation, while another part explored the potential of on-chain markets from the principles of DeFi. Jeff.hl stated that he will continue to push forward related work in Washington, hoping to enter the U.S. market and enable local users to access Hyperliquid.
The Hyperliquid Policy Committee (@hyperliquidpc) recently traveled to Washington, D.C. to meet with policymakers and discuss regulatory pathways amid the advancement of the Clarity Act legislation. Topics covered included Hyperliquid’s value proposition for U.S. consumers, global demand for on-chain trading, and foundational principles of DeFi markets. Jeff.hl noted bipartisan support among policymakers for prudent cryptocurrency regulation and expressed optimism about making formal U.S. user access to Hyperliquid a reality.
According to an article published by Caixin titled “Financial Innovation or Insider Trading? The Rise and Controversy of Polymarket,” when insider information can be openly monetized, the boundary of prediction markets has already become blurred—raising questions about whether such markets are merely “gambling” disguised as finance, or even涉嫌 insider trading. Yet regardless of the legal debate over whether such activities constitute gambling, the fact that Polymarket uses the USDC stablecoin for settlement and delivery itself poses a significant legal risk for participants within China. Previously, U.S. Senators Jeff Merkley and Amy Klobuchar introduced the “End Prediction Market Corruption Act,” which prohibits the President, Vice President, and members of Congress from trading on prediction markets and requires that the prediction market trading activities of their spouses and dependents be included in annual financial disclosures.