Wall Street Pushes for Hyperliquid Regulation: Bloomberg

The Hyperliquid Policy Center disputed the framing.

The post CME and NYSE Push for U.S. Regulatory Oversight of Hyperliquid appeared on BitcoinEthereumNews.com. Traditional finance (TradFi) giants CME Group and the New York Stock Exchange’s (NYSE) parent company, Intercontinental Exchange (ICE), are urging U.S. regulators to regulate Perp DEX Hyperliquid. These firms cited concerns about market manipulation and sanctions evasion on the decentralized platform. CME And NYSE Urge U.S. Regulators To Regulate Hyperliquid According to a Bloomberg report, the CME and NYSE are pushing the U.S. to regulate Hyperliquid, citing concerns that the exchange could skew global oil prices and be exploited for price manipulation. These exchanges have also told the Commodity Futures Trading Commission (CFTC) and Capitol Hill officials that Hyperliquid’s decentralized trading environment poses risks of insider price manipulation or state actors seeking to evade sanctions. The HYPE token fell sharply from an intraday high of around $45 following the report.

The post Bullish Posts Q1 Earnings Miss, $605M Loss appeared on BitcoinEthereumNews.com. Shares in the US crypto exchange Bullish fell on Thursday after the company’s first-quarter earnings missed analysts’ top and bottom line expectations. Bullish’s adjusted revenue for the quarter ended March 31 was $92.8 million, up from $62.4 million a year ago, but below Wall Street expectations of $95.4 million. The company reported a net loss of $604.9 million, deeper than its $348.6 million loss in the prior-year period. Its adjusted earnings per share were 13 cents, below estimates of 17 cents. Bullish is the latest crypto company to report an earnings miss after the wider crypto market fell from January to March, with Bitcoin falling 24% over the quarter, according to CoinGecko. Shares of Bullish (BLSH) fell 5.6% during Thursday’s trading session to close at $39.46, then rose 1% in after-hours trading. Shares in Bullish dropped on Thursday on the company’s first-quarter results. Source: Googl

The post How USDC expansion via Coinbase can reshape Hyperliquid’s supply dynamics appeared on BitcoinEthereumNews.com. As stablecoins dominate liquidity, Layer1 networks are making strategic moves to capture the flow.  Recently, Circle’s USDC, through a partnership between Coinbase and Hyperliquid [HYPE], has emerged as a key catalyst behind this trend. As AMBCrypto previously reported, Coinbase will serve as the official USDC treasury deployer on Hyperliquid, signaling a meaningful shift in HYPE’s stablecoin ecosystem. Notably, the on-chain data and market response reinforce this narrative. According to DeFiLlama, USDC already represents 93% of Hyperliquid’s total stablecoin supply, suggesting the network is rapidly consolidating around a single dominant liquidity base. This, in turn, gives the partnership a clear edge in strengthening the overall ecosystem, especially with the gradual phase-out of USDH in favor of USDC. Source: DeFiLlama In terms of market response, Michael Friedman

Hyperliquid price remained volatile this week after rebounding sharply from a recent pullback, while growing institutional involvement and the launch of new spot exchange-traded products strengthened bullish sentiment surrounding the decentralized trading protocol. According to data from crypto.news, Hyperliquid (HYPE)…

Regulating Hyperliquid could reshape the decentralized trading landscape, impacting market dynamics and compliance standards globally. The post CME, NYSE lobby Washington to regulate Hyperliquid over manipulation and sanctions fears appeared first on Crypto Briefing.

The Clarity Act passed a bipartisan vote in its 1st checkpoint. Coinbase made a major deal with Hyperliquid and HYPE ripped on the news.

The post Detroit automakers have cut over 20,000 U.S. salaried jobs as AI looms appeared on BitcoinEthereumNews.com. The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers. The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of software-defined vehicles, autonomous and all-electric vehicles, and, increasingly, AI. “Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.,” Ford CE