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Hyperliquid backs 24/7 crypto trading in CFTC comments submission

Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC).

In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment on perpetual derivatives and 24/7 trading.” The team behind the decentralized exchange (DEX) added:

“We commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global markets.”

Hyperliquid stated that it is committed to the advancement of the decentralized finance (DeFi) space. The team also claimed that its implementation “exemplifies how core DeFi principles can be put into practice to enhance market efficiency, market integrity, and user protection.”

Source: Hyperliquid

CFTC’s 24/7 derivatives plans

Hyperliquid’s remarks follow CFTC Commissioner Summer Mersinger recently saying

DeFi near-zero onboarding costs can help 1.4B unbanked: 1inch co-founder

Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch.

Speaking at a panel during Dutch Blockchain Week on May 22 in Amsterdam, Bukov said traditional banks spend between $100 and $300 per user to verify documents and set up accounts. Online banks, he said, spend about $20 to $30. In contrast, DeFi requires almost nothing beyond a smartphone and internet access.

“Onboarding to DeFi literally costs zero,” Bukov said. “You don’t need brick-and-mortar infrastructure or lengthy verification processes. Just connect and transact.”

Bukov said that this gives DeFi an edge over traditional financial institutions in reaching the 1.4 billion unbanked people who remain excluded from traditional finance due to high onboarding expenses.

1inch Network co-founder Anton Bukov at the Dutch Blockchain Week. Source: CointelegraphReaching 1.4 billion unbanked users

“That’s why we have 1.4 billion people

Bitcoin buyer dominance at $111K suggests 'another wave' of gains

Key points:

Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024.

The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes.

Bitcoin short-term holders are firmly in the black in a further potential bull market boost.

Bitcoin (BTC) buyers remain dominant on exchanges as all-time highs are met with unusual optimism.

Data from onchain analytics platform CryptoQuant shows a 90-day cumulative volume delta (CVD) favoring Bitcoin bulls.

CryptoQuant: BTC price uptrend “may continue”

BTC price all-time highs continue to find support among traders, with buyers staying dominant despite the market surging 50% in under two months.

Analyzing 90-day CVD, CryptoQuant contributor Ibrahim Cosar reveals the extent to which sellers have ceded control during that period.

“In short: Buy orders (taker buy) have become dominant again. In other words, more buy orders are being placed in the market than sell orders,”

Why Tether refuses to comply with MiCA

Is Tether MiCA compliant?

The EU’s new Markets in Crypto-Assets regulation, better known as MiCA, is the first major attempt by a global economic power to create clear, region-wide rules for the crypto space, and stablecoins are a big focus.

MiCA mandates best practices. If a stablecoin is going to be traded in the EU, its issuer has to follow some stringent rules:

1. You need a license

To issue a stablecoin in Europe, you must become a fully authorized electronic money institution (EMI). That’s the same kind of license traditional fintechs need to offer e-wallets or prepaid cards. It’s not cheap and it’s not quick.

2. Most of your reserves have to sit in European banks

This is one of the most controversial parts of MiCA. If you issue a “significant” stablecoin — and Tether’s USDT certainly qualifies — at least 60% of your reserves must

Read More at https://cointelegraph.com/explained/why-tether-refuses-to-comply-with-mica?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US big banks hold early talks on joint crypto stablecoin: WSJ

Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin.

Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter.

Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House.

The discussions are still in the early stages, and a final decision on the project could change depending on the regulatory environment and the demand for stablecoins.

A JPMorgan spokesperson told Cointelegraph the company had no comment. Bank of America, CitiGroup, and Wells Fargo did not immediately respond to requests for comment.

On May 20, the US Senate voted 66-32 in favor of advancing discussion on the stablecoin-regulating Guiding and

Anthropic’s debuts most powerful AI yet amid ‘whistleblowing’ controversy

Artificial intelligence firm Anthropic has launched the latest generations of its chatbots amid criticism of a testing environment behaviour that could report some users to authorities.

Anthropic unveiled Claude Opus 4 and Claude Sonnet 4 on May 22, claiming that Claude Opus 4 is its most powerful model yet, “and the world’s best coding model,” while Claude Sonnet 4 is a significant upgrade from its predecessor, “delivering superior coding and reasoning.”

The firm added that both upgrades are hybrid models offering two modes — “near-instant responses and extended thinking for deeper reasoning.”

Both AI models can also alternate between reasoning, research and tool use, like web search, to improve responses, it said.

Anthropic added that Claude Opus 4 outperforms competitors in agentic coding benchmarks. It is also capable of working continuously for hours on complex, long-running tasks, “significantly expanding what AI agents

Hackers using fake Ledger Live app to steal seed phrases and drain crypto

Cybercriminals are using fake Ledger Live apps to drain macOS users’ crypto through malware that steals seed phrases, a cybersecurity firm warns.

The malware replaces the legitimate Ledger Live app on victims’ devices and then prompts the user to input their seed phrase through a phony pop-up message, a team from Moonlock said in a May 22 report.

“Initially, attackers could use the clone to steal passwords, notes, and wallet details to get a glimpse of the wallet’s assets, but they had no way to extract the funds,” the Moonlock team said.

“Now, within a year, they have learned to steal seed phrases and empty the wallets of their victims,” it added.

One way the scammers replace the real Ledger Live app with a clone is through the Atomic macOS Stealer, designed to steal sensitive data, which Moonlock said it has found lurking on at

Pictures give glimpse inside Trump’s memecoin holder dinner

Photos from within US President Donald Trump’s secretive dinner for his top memecoin buyers show attendees were treated to a three-course meal and gift bags as protesters gathered outside the event to accuse Trump of profiting from the presidency.

Pictures posted online by some of the 220 largest holders of the Official Trump (TRUMP) token — one of several crypto ventures critics have said conflicts with Trump’s ethics as president — show attendees were greeted by large posters bearing “Fight Fight Fight,” which also sat atop each table, referencing the company that launched the memecoin.

The White House said it would not publish a guest list of those who attended the dinner, but Tron CEO Justin Sun, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were among those sharing snaps of the dinner held at the Trump National Golf Club in

Bitcoin open interest hits record high as BTC slips below $111K

Bitcoin futures open interest (OI) has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs.

Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass. It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices.

Open interest is the total number of outstanding futures contracts that allow traders to bet on the future price of Bitcoin, which have not been settled or closed, showing the total amount of current market speculation.

Total Bitcoin futures OI. Source: Coinglass

When OI surges, it indicates massive leveraged positions are built up in the market, with lots of traders holding large positions with borrowed money.

If Bitcoin’s price moves against these over-leveraged

Trendspotting in crypto: How to discover winning projects before the crowd

TL;DR

Spotting the next big crypto project before it explodes demands data, discipline and a sharp eye for real signals. This guide explores how to identify early winners by analyzing onchain metrics, tokenomics, dev activity and community traction while avoiding the common traps of hype-driven pumps and red-flag projects.

Despite the crypto space being crowded, fast-moving and full of noise, some investors manage to consistently find promising projects while they’re still under the radar.

So, how do they do it?

Crypto trendspotters know how to read onchain data. They understand tokenomics. They read GitHub commits and follow the money. It takes more than jumping on the hype bandwagon ahead of the crowd.

This guide breaks down how to find crypto projects with real potential using lessons from past winners like Solana, Arbitrum, Chainlink and even memecoins like Pepe. Along the way, it will highlight the tools that matter, red