According to Polynomial (@PolynomialFi), USDS is now enabled as collateral on the Polynomial platform, allowing traders to deposit USDS for margin and access over 50 perpetual markets with high-speed execution. This feature provides traders with more flexibility in managing leverage and risk, while offering new opportunities for USDS holders to engage in both long and short strategies. The integration of USDS is expected to boost liquidity and trading volume on Polynomial, potentially influencing USDS price stability and adoption in the broader crypto derivatives market. Source: Polynomial (@PolynomialFi) on Twitter, June 20, 2025.

According to PolynomialFi, Sky's USDS (USDS) is now fully integrated into Polynomial’s multi-collateral engine, allowing traders to use USDS as margin for long or short positions across more than 50 perpetual markets with fast execution speeds. This integration offers greater flexibility for crypto traders seeking to diversify collateral options and optimize margin strategies, potentially increasing USDS liquidity and utility within the DeFi derivatives sector (source: @PolynomialFi, June 19, 2025).

According to Coinbase International Exchange (@CoinbaseIntExch), the WCT-PERP, KERNEL-PERP, BABY-PERP, and PROMPT-PERP markets will enter a halt mode on Coinbase International Exchange and Coinbase Advanced. During this halt, users can post and cancel limit orders, but no trades will be matched. The halt will last for a minimum of one minute, impacting short-term trading strategies. Traders should adjust their strategies accordingly and monitor for updates.

According to @MilkRoadDaily, Hyperliquid led the onchain perpetual markets with a 58% share in March. This dominance indicates significant trader confidence and liquidity in the platform, which is crucial for trading price movements rather than the underlying asset itself.

According to Miles Deutscher, Bitcoin weekly liquidations have reached their highest level since the peak of the last cycle in 2021, with over $670 million worth of BTC liquidated in perpetual markets this week.