Oil Trading
CME Group and ICE are pressing U.S. regulators to restrict Hyperliquid's offshore perpetual contracts tied to oil prices. The effort comes amid traditional exchanges' push into continuous trading, including CME's planned round-the-clock crypto futures launch.
Reported by AI
A cryptocurrency trader deposited 5.6 million USDC into the Hyperliquid platform to open a 20x leveraged short position on crude oil near $96 per barrel. The move comes amid a spike in oil prices driven by Iran conflict risks. The position's liquidation price is set at $147.94 per barrel.