According to @EleanorTerrett, the SEC and CFTC are ramping up coordination to support crypto, DeFi, prediction markets, perpetual contracts, and portfolio margining to keep U.S. markets competitive, source: Eleanor Terrett on X, Sept 5, 2025. The agencies aim to harmonize rules, reduce regulatory gaps, expand trading hours, and use innovation exemptions, source: Eleanor Terrett on X, Sept 5, 2025. A joint SEC-CFTC roundtable is scheduled for Sept 29 to discuss next steps, source: Eleanor Terrett on X, Sept 5, 2025.

According to @AggrNews, the SEC said it will work with the CFTC to consider on-shoring crypto perpetual contracts for U.S. traders, per the SEC. On-shoring such perpetual swaps would bring them under federal derivatives oversight with venue registration, margin, reporting, and customer protection requirements, according to the CFTC and the SEC. U.S.-regulated crypto derivatives activity is currently concentrated on CME-listed BTC and ETH futures and options under CFTC oversight, per CME Group and the CFTC. Traders should monitor SEC and CFTC public rulemaking dockets and any requests for comment to gauge timing and scope of potential proposals, per SEC and CFTC rulemaking procedures.

According to @ai_9684xtpa, $IN has already listed on derivatives contracts, and the author notes the price remains resilient after the listing, source: @ai_9684xtpa. A futures listing typically broadens liquidity and enhances price discovery, which can influence short-term volatility and spreads, source: CME Group. For trading, monitor three perp metrics: funding rate to read long-short skew, basis versus spot for carry signals, and open interest to track leverage build-up, source: Binance Academy. Rising open interest with flat price and persistently positive funding often signals crowded longs and squeeze risk, while increasing open interest with neutral funding and a mildly positive basis tends to indicate healthier demand, source: Binance Academy.

According to Coinbase International Exchange, TOWNS-PERP and PROVE-PERP perpetual markets have entered halt mode on both Coinbase International Exchange and Coinbase Advanced. During this period, users are allowed to submit and cancel limit orders, but no trade matches will occur. The halt will last at least one minute, which may impact short-term trading strategies and liquidity for these perpetual contracts. Active traders should closely monitor updates from Coinbase for the precise resumption time and adjust their risk management accordingly. Source: Coinbase International Exchange

According to @KookCapitalLLC, Monad is positioning itself as a fast crypto trading venue by focusing on central limit order books (CLOB) and perpetuals (perps), especially following GTE's significant funding round led by Paradigm and other investors. Despite Monad's claims of being the 'fastest trading venue,' @KookCapitalLLC questions its appeal compared to Hyperliquid, highlighting ongoing competition among advanced trading platforms and possible user skepticism regarding new entrants. This competitive dynamic may influence trader migration and liquidity distribution in the crypto derivatives market, especially for ETH-related products (source: @KookCapitalLLC).

According to @alice_und_bob, the upcoming launch of perpetual contracts (perps) by Hydration is anticipated to attract additional capital to the platform, as each new feature release has historically resulted in increased capital inflows. Traders should monitor Hydration’s DeFi ecosystem closely, as the introduction of perps may boost trading volumes and liquidity, presenting new opportunities for yield generation and capital allocation. Source: @alice_und_bob.

According to @lookonchain, Galaxy executed a massive sale of over 80,000 BTC on behalf of a Satoshi-era investor last week, causing Bitcoin (BTC) prices to fall sharply below the $115,000 mark. The report highlights that overall market activity has slowed compared to the previous week, with decreased trading volumes on both DEX spot and perpetual contracts. Traders should note the significant impact of large-scale BTC movements and reduced liquidity on price volatility. Source: @lookonchain.

According to @Trader_XO, BTC perpetual futures trading ended July on a positive note, with strong account performance and a disciplined wind-down for the month. This momentum could signal renewed interest from active traders heading into August, potentially influencing short-term BTC price action in the crypto derivatives market. Source: @Trader_XO.

According to AltcoinGordon, over $200 million was liquidated across crypto markets in the last hour, highlighting extreme volatility and the dangers of leveraged perpetual trading without a solid strategy (source: twitter.com/AltcoinGordon). Such mass liquidations often trigger sharp price swings in major assets like BTC and ETH, creating both risks and buying opportunities for disciplined traders. This event underscores the need for risk management and can serve as an entry point for investors positioned to capitalize on market overreactions.

According to @DefiLlama, Hyperliquid, a decentralized derivatives exchange, has experienced a notable increase in trading volume and open interest over the past month, driven by growing demand for perpetual contracts and advanced trading tools. The platform's daily trading volume exceeded $2 billion on multiple days in June 2024, positioning it among the top decentralized exchanges by volume. This surge in activity reflects a broader trend of traders shifting from centralized to decentralized platforms following recent regulatory uncertainties affecting major exchanges like Binance and OKX. For traders, Hyperliquid's rising liquidity and competitive fee structure provide new opportunities for executing large trades with minimal slippage, especially for assets like BTC and ETH. Source: DefiLlama, June 2024.

According to Coinbase International Exchange (@CoinbaseIntExch), the RESOLV-PERP, HOME-PERP, and SPK-PERP markets have entered halt mode on both Coinbase International Exchange and Coinbase Advanced. During this halt, traders can post and cancel limit orders, but no order matches will occur. The halt will last for at least one minute, impacting immediate trading strategies for these perpetual contracts. This operational pause may affect liquidity and short-term volatility in related crypto derivatives markets, and traders should monitor for updates to adjust their positions accordingly. (Source: Coinbase International Exchange Twitter, June 19, 2025)

According to @KookCapitalLLC on Twitter, the recent launch of perpetual contracts trading by Robinhood and Coinbase in the US is expected to drive significant customer acquisition and market awareness for Hyperliquid, a decentralized perpetuals exchange. The source highlights that while Robinhood and Coinbase will attract mass retail attention, Hyperliquid offers a superior product, enhanced user value, and advanced technology. This competitive differentiation positions Hyperliquid to benefit from increased user education and demand for perpetuals, potentially boosting trading volumes and liquidity on its platform (source: Twitter/@KookCapitalLLC, June 18, 2025). Traders should monitor user migration trends and the impact on decentralized perpetuals protocols following these high-profile launches.

According to @strikecardano, the platform has introduced perpetual contracts, providing ADA traders with new leveraged trading opportunities and advanced risk management tools. This addition is expected to increase trading volume and liquidity for Cardano (ADA) derivatives, potentially impacting ADA price volatility and attracting institutional interest to the broader crypto derivatives market (source: @strikecardano).

According to Coinbase International Exchange (@CoinbaseIntExch), the FARTCOIN-PERP market has entered halt mode on both Coinbase International Exchange and Coinbase Advanced. During this halt, users can post and cancel limit orders, but no trades will be matched. The halt is set to last for a minimum of 1 minute. This temporary market pause may affect short-term trading strategies and liquidity for FARTCOIN-PERP, and could create volatility in related crypto pairs once trading resumes. Traders should monitor official updates for further instructions and be aware of potential price swings when the market reopens. Source: Coinbase International Exchange Twitter, June 12, 2025.

According to Eleanor Terrett on Twitter, Acting CFTC Chair Caroline D. Pham stated that all recent proposals submitted to the agency concerning 24/7 derivatives and perpetuals trading have exclusively focused on crypto asset products, with no submissions related to traditional commodities. This trend underscores increasing institutional and industry interest in around-the-clock crypto derivatives trading, which could drive further liquidity and volatility in the digital asset markets. Pham's remarks reinforce the growing separation between crypto and traditional commodity markets in regulatory discussions, signaling a pivotal shift for crypto derivatives trading and potentially influencing regulatory frameworks and market participation. (Source: Eleanor Terrett on Twitter, June 6, 2025)

According to @KookCapitalLLC, the 'hyperliquid domination era' signifies Hyperliquid's rapid ascendancy in the decentralized perpetuals exchange sector, with recent data indicating a significant increase in trading volumes and user adoption (source: @KookCapitalLLC, June 6, 2025). This surge in Hyperliquid’s market share is directly impacting liquidity and price discovery across major cryptocurrencies, making it a critical platform for active traders seeking deep order books and tighter spreads. Traders are advised to monitor Hyperliquid’s volume dominance, as shifts in market share could influence volatility and arbitrage opportunities on competing decentralized and centralized exchanges.

According to @jessepollak, AvantisFi is setting new standards in the perpetuals trading space by pioneering zero fee perps and offering broad asset support, including real-world assets (RWAs) like gold and FX. The platform is preparing to launch 200ms order fills with flashblocks, which could significantly improve trade execution speed for active traders. These advancements are likely to enhance liquidity and attract more volume, making AvantisFi a noteworthy platform for crypto traders seeking low-cost, fast, and diverse trading options. Source: @jessepollak via Twitter, June 3, 2025.

According to @KookCapitalLLC, a significant liquidation event occurred on the Hyperliquid platform, as evidenced by the posted screenshot on June 3, 2025. This mass liquidation highlights increased volatility and risk exposure for traders using decentralized perpetual exchanges. The event is likely to trigger heightened caution among leveraged traders and could temporarily increase price swings for popular pairs on Hyperliquid, impacting both short-term trading strategies and overall market liquidity. Source: @KookCapitalLLC Twitter, June 3, 2025.

According to Ai 姨 (@ai_9684xtpa), CZ introduced the concept of a 'dark pool perp DEX' early this morning, aiming to use a dark pool mechanism that hides the order book and even delays or conceals the amount of funds deposited in smart contracts. This approach is designed to prevent large perpetual orders from being front-run or targeted by market participants. The discussion also highlights that James is seeking to communicate with CZ, possibly due to his central role in this situation (source: Twitter @ai_9684xtpa, June 2, 2025). For traders, the adoption of dark pool mechanisms in decentralized perpetual exchanges could significantly reduce order visibility, impacting liquidity strategies, price discovery, and overall market transparency within the crypto ecosystem.

According to Charles Edwards (@caprioleio), the Capriole Heater metric is showing significant strength, with open interest (OI) building up across futures, perpetuals, and options markets. This increased OI on rising Heat suggests that crypto traders should prepare for heightened volatility, with expectations of market consolidation at best, or a potential price drop at worst (source: Twitter/@caprioleio, May 31, 2025). This data-driven insight is critical for crypto traders monitoring market liquidity and leverage risks, as it points to possible liquidation cascades if sentiment turns negative.