TechMalak

Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally. In this structure: + Hyperliquid serves as the underlying technology infrastructure via HIP-3* + trade[XYZ] designs and implements the markets + ICE operates the regulated market and clearing structure Existing trade[XYZ] HIP-3 markets will remain unchanged. Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

JUST IN: Hyperliquid co-founder Jeff Yan said the perps trading platform is not trying to compete with any company and is instead meant to be a tool. "No one is trying to compete with the internet," Yan said during Token2049 Singapore.

Top Perpetual DEXs by Open Interest 📊 🥇@HyperliquidX - $8.557b 🥈@Aster_DEX - 425b 🥉@variational_io - $1.135b ▫️@Lighter_xyz - $836.13m ▫️@grvt_io - $481.69m ▫️@Antarctic_Ex - $357.05m ▫️@edgeX_exchange - $223.62m ▫️@GMX_IO- $162.75m ▫️@QFEX - $142.88m ▫️@SoSoValueCrypto - $121.46m

🚨HUGE: Hyperliquid's perps are now live on the Bloomberg Terminal. The Terminal now shows live data from Hyperliquid's 24/7 perps, including oil, gold, the S&P 500 and chipmakers. It comes after President Trump said the CFTC is working to bring Hyperliquid to the US.

CZ Supports More Competition From Hyperliquid CZ recently said he does not oppose @HyperliquidX, and believes more CEXs and DEXs should compete and innovate, following Binance’s listing of hyperliquid:native. • Hyperliquid → CZ views it as healthy competition, not a threat • Competition → He said criticism from the Hyperliquid community toward Binance is simply part of the competition • More DEXs → CZ believes the crypto industry is still early, with plenty of room for new platforms to grow • HYPE + BNB + BTC → He sees the broader growth of crypto benefiting multiple assets and ecosystems Binance doesn’t need to be the only winner. More competition can push the entire crypto industry forward.

Trailing stops are now available for perp markets. A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

Yes, I revenge traded. I’m not going to deny it. After taking a big loss, your emotions are inevitably affected. And the fact that I kept shorting three times in a row afterward can definitely be considered revenge trading. But from another perspective, it was also part of my plan. I understand a very simple principle of the market: When a coin rises too quickly in a short period of time, a strong correction often follows. I don’t know exactly how high it will go, and I don’t know where the top is. But I do know that after an extremely overheated move, the risk-to-reward of chasing the price becomes increasingly worse. That’s why I kept looking for short entries. You can call it revenge trading. You can call it following a plan. It depends on how you see it. But the most important thing I realized today is this: Don’t confuse believing in your analysis with trying to recover the money you just lost. From the outside, the two can look very similar, but they are fundamentally different. Losses are part of trading. What’s dangerous is letting a loss control your next decisions. And perhaps more importantly, this was also a lesson for me about being a leader.

$BTC open interest went up while price went down. This is the actual signal, not the 2% drop itself. When OI rises and price falls together, traders are building short positions expecting more downside. Cvd confirms it, negative and aggressive, sellers hitting market orders instead of sitting on limit orders. Funding rates disagree though. Still positive, around 5% annualized across most majors. that's longs paying to stay long, even as the short building happens in oi. Memecoins took the real damage here. down 10% in 24 hours, small caps down 5.1%, against btc's 2%. Options flow backs up the defensive mood too. the most traded btc put on deribit is a 70k strike expiring sept 18. Does funding actually flip negative if oi keeps building short?