Hyperliquid's oil market fell 7% and a chip-stock market rose 21%. Crypto bets shrank $420M
Hyperliquid's crypto markets held $9.18 billion of open bets, down from $9.60 billion a day earlier. Its stock and commodity markets now hold a third of the total.
Hyperliquid's crypto bets shrank $640 million since Friday, and ether shorts now pay
CoinGecko's per-market data puts Hyperliquid's open bets at $14.0 billion after Sunday's ether drop. Its $1.93 billion ether market now has negative funding, while bitcoin's does not.
Shorts now pay longs on 77% of ether's open futures bets. On Friday it was 21.5%
After Sunday's 4.6% drop, funding turned negative on Binance's biggest ether market. Bitcoin barely moved: 1.4% of its bets lean short.
Shorts are paying longs on 21.5% of ether's open futures bets, against 1.4% for bitcoin
CoinGecko's data on 287 bitcoin and ether perp markets shows short sellers paying to hold their bets on 21.5% of ether's open interest, against 1.4% for bitcoin, a day after the sell-off.
Kalshi raises $1 billion at a $40 billion valuation. Can it outrun the states?
The prediction market says it now runs at more than $1 trillion in annualized volume and wants to sell perps, indices and compute markets. Two days earlier, its federal regulator sued Utah to stop the state from shutting such markets down.