History says major airdrops mark tops as often as they spark rallies, but the timing is everything.

Bitnomial would deploy, administer, clear and settle the proposed markets, while NinjaTrader Clearing would carry approved customer accounts.

The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.

The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.

Deployers can set fees of up to 50% but face slashing by validator vote for poorly defined or unsettled markets, under terms Hyperliquid calls preliminary.

Bitcoin and Ethereum funds pulled in a combined $181 million over the same week as HYPE's nine-week inflow streak broke.

The venue's HIP-3 markets for stocks, commodities and indices first topped its native crypto volume on July 8 and have led on several trading days since — though they fade on weekends, and single-name stocks alone still trail crypto

The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.