The post Hyperliquid Wants CFTC to Exempt DeFi From Legacy Crypto Rules appeared on BitcoinEthereumNews.com.
The Hyperliquid Policy Center (HPC) and non-custodial wallet provider Phantom have jointly urged the US Commodity Futures Trading Commission (CFTC) to modernize its regulatory approach to decentralized finance (DeFi). In a response to the agency’s Request for Information on evolving financial technology, the organizations argue that onchain infrastructure should not be regulated like traditional financial intermediaries. The filing could influence how US regulators oversee decentralized markets while shaping the future of self-custody, onchain trading, and blockchain innovation. HPC and Phantom Push for Tailored DeFi Rules In their joint comment, HPC and Phantom argue that developers who publish onchain protocol software should not automatically be treated as operators of exchanges or clearinghouses. Instead, they urge the CFTC to distinguish between building technology and prov
The post CLARITY Act in Focus as White House, Democrats Dispute SEC, CFTC Nominations appeared on BitcoinEthereumNews.com.
The White House has pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies. This dispute comes ahead of the potential vote on the CLARITY Act, although it is unclear whether it will affect the crypto bill’s chances of passage. White House Rebuts Nomination Claims Ahead of Potential CLARITY Act Vote In a letter addressed to the Senate Majority and Minority Leaders, John Thune and Chuck Schumer, the White House pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies such as the CFTC and the SEC. The White House said that it has requested suitable Democratic nominations to the CFTC and SEC but has yet to receive names in response to its request. It is worth noting that the CFTC and SEC are both key crypto regulators and w
The post Gauntlet Raises $125M Series C From SBI Holdings appeared on BitcoinEthereumNews.com.
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure. Gauntlet, a DeFi risk management and vault curation firm with $1.42 billion in assets under advisement, closed a $125 million Series C funding round with SBI Holdings, the Japanese financial conglomerate, as the sole investor, Gauntlet said on X Thursday. The firm, founded by chief executive Tarun Chitra, said the capital will fund “building our infrastructure across traditional capital markets, expanding stablecoin coverage, and accelerating new onchain offerings.” Gauntlet said it aims to provide “quantitative guardrails” as institutions move capital onchain. Gauntlet was last valued at $1 billion in 2022, when it raised roughly $24 million in a Series B round. Gauntlet did not disclose a post-money valuation for the Series C
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure.
CFTC Chairman Michael Selig stayed CME Group's self-certified 24/7 crude oil futures contract one day before launch, calling the move 'wholly
The post CFTC chair calls CME’s self-certified 24/7 crude oil futures trading ‘wholly inappropriate’ appeared first on Crypto Briefing.
The laundering through Tornado Cash complicates fund recovery, highlighting regulatory challenges and potential impacts on DeFi privacy tools.
The post Summer.fi hacker launders $1M through Tornado Cash after $6M exploit appeared first on Crypto Briefing.
The post HYPE Tripled in a Risk-Off Market: The Machine Behind It appeared on BitcoinEthereumNews.com.
HYPE trades near $68 after roughly tripling from its March low of $25.64, a run built during one of the most risk-averse stretches crypto has seen since 2022. Global retail crypto activity contracted for two straight quarters through Q1, yet Hyperliquid’s token set an all-time high at $76.90 in June. Understanding why it outperformed in risk-off conditions explains why a risk-on turn could compound the effect rather than replace it. Summary HYPE tripled from $25.64 in March to a $76.90 high in June. At peak activity, $2.3M in daily fees funded $11M in HYPE buybacks. Seven of Hyperliquid’s top ten markets by volume are now equities or commodities. Price is coiling between support at $67 and a triple-tested ceiling near $74. Why It Worked in a Risk-Off Market Most crypto assets need risk appetite to rise, because their value rests on future adoption stories that get discounted harder wh
The post Bitwise Drops 2 Altcoins From Flagship Crypto ETF: Will Hyperliquid Keep Its Seat? appeared on BitcoinEthereumNews.com.
Bitwise has dropped Polkadot (DOT) and Avalanche (AVAX) from its flagship Bitwise 10 Crypto Index ETF (BITW). Hyperliquid (HYPE) and Stellar (XLM) were added to the fund’s latest monthly rebalance. BITW works like a crypto stock index fund. It automatically holds the 10 largest eligible coins by market cap, so investors gain exposure to HYPE and XLM without buying them directly. Why Hyperliquid and Stellar Entered the Bitwise 10 Crypto Index ETF Bitwise’s rebalance results show HYPE entering at a 0.93% weight and XLM at 0.38%. That makes HYPE the fund’s fifth-largest holding, ahead of Cardano (ADA), Chainlink (LINK), Litecoin (LTC), and Sui (SUI). Bitcoin (BTC) still accounts for 77.54% of the fund. Bitwise 10 Crypto Index ETF holdings after adding Hyperliquid and Stellar, Source: Bitwise Hyperliquid earned its seat through sheer size. The token ranks 10th am
