According to @Uniswap and @dYdX sources, currently there are no major decentralized or centralized exchanges offering options trading, such as writing put options, specifically for the $HYPE token. Most DeFi protocols like Opyn, Lyra, and Ribbon Finance primarily support options trading for top cryptocurrencies such as ETH and BTC, not lower-cap tokens like $HYPE (source: Uniswap, dYdX, Opyn official documentation). For traders seeking to hedge or short $HYPE, perpetual futures or spot trading on decentralized exchanges may be alternatives, but writing puts is not supported for this token at this time. Always verify token contract addresses and available products before trading to manage risk effectively (source: Opyn, Lyra, official protocol docs).

According to Coinbase International Exchange (@CoinbaseIntExch), support for Hyperliquid (HYPE) perpetual futures will be added to both Coinbase International Exchange and Coinbase Advanced, with the HYPE-PERP market opening on or after 9:30 am UTC on June 5, 2025. This listing introduces new trading opportunities for HYPE derivatives, increasing market liquidity and expanding access for traders seeking leveraged exposure to trending altcoins. The addition of HYPE perpetual futures is expected to drive heightened speculative interest and potential volatility in the HYPE spot markets, as perpetual contracts often influence price discovery and trading volume in the broader crypto ecosystem (Source: @CoinbaseIntExch, May 29, 2025).

According to Gracy Chen @Bitget, Bitget’s reserves remain at a 192% over-collateralization ratio, continuing its monthly public disclosure. This high reserve ratio suggests strong platform stability and risk management, providing increased confidence for traders leveraging Bitget for crypto derivatives and spot trading. Traders can use this data to assess counterparty risk and prioritize exchanges with transparent and robust reserve practices, impacting overall market sentiment and liquidity flows (source: Gracy Chen @Bitget, Twitter, May 28, 2025).

According to @EmberCN, after MYX Finance was listed on Binance Alpha, the on-chain derivatives platform was selected for the BNB Chain Foundation's $100 million incentive program's project purchase pool. Five days ago, the BNB Chain Foundation purchased $25,000 worth of $MYX tokens, with the transaction verified on BscScan (source: @EmberCN, May 28, 2025). Yesterday, MYX Finance launched a significant new utility for its native token $MYX through the Keeper Network staking mechanism. These developments provide concrete incentives and increased utility for $MYX holders, potentially driving liquidity and trading volume in the short term. The integration with BNB Chain and support from its foundation are pivotal for traders looking for new opportunities in the DeFi derivatives sector.

According to @Tetranode, Protocol FX now offers a 0% funding rate and allows traders to use up to 7x leverage on its crypto derivatives platform. The main risk highlighted is the redemption of higher leverage positions, but this approach is seen as advantageous for long-term long positions, as it avoids liquidation if the market price remains stable. Traders benefit from maintaining their positions without the risk of funding fees eroding profits, making Protocol FX a compelling choice for those seeking high-leverage, cost-effective crypto trading. (Source: @Tetranode on Twitter, May 28, 2025)

According to Paradex Network, effective Wednesday, 28 May 2025 at 06:00 AM UTC, the funding period for BTC, ETH, and SOL perpetual options will be extended to 5 days. This change is designed to reduce funding rate volatility, offering traders greater predictability in funding costs and allowing for more stable trading strategies. The extension of the funding period could lead to smoother price action in the perpetual options market, potentially reducing short-term liquidations and enhancing overall liquidity for major cryptocurrencies. This update is particularly relevant for active crypto derivatives traders, as it directly affects funding fee calculations and risk management approaches in the BTC, ETH, and SOL perpetual markets (source: Paradex Network @tradeparadex, May 26, 2025).

According to @GreeksLive, for the week of May 19th to May 25th, 2025, Greeks.Live reported notional trading volume of $331,258,995 in block trades, reflecting robust institutional activity in the crypto derivatives market (source: @GreeksLive Twitter, May 26, 2025). The top five block trades provided by Greeks.Live indicate continued demand for large-volume crypto options and futures contracts, which may signal increased volatility and liquidity for major cryptocurrencies such as Bitcoin and Ethereum. Active participation in block trades is often used by professional traders to hedge risk or speculate on price movement, making this data valuable for market participants seeking to anticipate shifts in crypto liquidity and volatility. Monitoring Greeks.Live block trade volume can provide actionable insights for crypto traders aiming to capitalize on institutional trading trends.

According to Coinbase International Exchange, trading for EOS-PERP has been suspended as previously announced. All remaining open positions were automatically settled at a final settlement price of $0.7582 USDC, based on the average index price over the 60 minutes before suspension (Source: @CoinbaseIntExch, May 25, 2025). This immediate settlement impacts traders holding EOS perpetual contracts, requiring them to reassess exposure to EOS and related crypto derivatives. The suspension could influence liquidity and volatility in the broader EOS spot and derivatives markets, prompting traders to monitor alternative platforms for EOS trading opportunities.

According to Ai 姨 (@ai_9684xtpa) on Twitter, James Wynn has opened a significant short position on Bitcoin, totaling 5,877 BTC or approximately $629 million, at an entry price of $107,061.6. Notably, after Wynn's massive short, the BTC perpetual contract funding rate shifted from positive to negative, indicating a surge in short interest and increased market volatility. This shift means traders are now paying funding fees regardless of position direction, reflecting heightened pressure from large positions and potential for abrupt price swings. These developments are critical for traders monitoring funding rates, open interest, and possible liquidation cascades in the crypto derivatives market (Source: @ai_9684xtpa, Twitter, May 25, 2025).

According to Ai 姨 (@ai_9684xtpa), prominent BTC trader James Wynn has increased his Bitcoin long position to 6437.76 BTC, totaling approximately $700 million. The entry price for this position is $109,063 with a liquidation level at $99,946. The current unrealized profit stands at $9.87 million. This aggressive accumulation signals high conviction in further BTC upside but also elevates liquidation risk if BTC price falls below $100,000 (Source: @ai_9684xtpa, May 21, 2025). Traders should monitor Wynn’s position size as large whale moves can impact short-term BTC volatility and trigger cascading liquidations across the crypto derivatives market.

According to Paradex Network (@tradeparadex), the platform is updating its funding PnL realization model for derivatives trading. Previously, any position adjustment—whether increasing, reducing, or flipping—caused 100% of accrued funding to be realized immediately. The new model only realizes funding PnL when a position is reduced and does so strictly in proportion to the reduction. This update changes realized profits and losses for traders, directly affecting risk management and trading strategies on Paradex. Crypto traders should reassess their position management tactics as the timing and amount of realized funding PnL will now change, potentially impacting margin requirements and liquidation risks (Source: Paradex Network, May 13, 2025).

According to Farside Investors, Bitcoin fell 1.43% to $102,415 on 13 May 2025, while March 2026 Deribit Bitcoin Futures traded at a premium of $109,099, down 1.46%. The annualised basis rate remains strong at 7.67%, indicating robust futures demand (source: Farside Investors Twitter, 13 May 2025). Bitcoin ETF inflows totaled $5.2 million the previous day, reflecting sustained institutional interest despite price corrections. Ethereum also declined 1.76% to $2,450. Traditional assets like gold and crude oil showed minor movements, but crypto's basis premium highlights continued trading opportunities in futures. These data points suggest active arbitrage and hedging in the crypto derivatives market.

According to Henri Arslanian, this week’s top crypto trading news includes Coinbase’s $2.9 billion acquisition of Deribit, a leading crypto derivatives exchange, which is expected to boost institutional derivatives trading volume and liquidity in the crypto market (source: Henri Arslanian, Twitter). Additionally, the US Office of the Comptroller of the Currency (OCC) has authorized banks to custody and execute crypto transactions, a move likely to increase mainstream adoption and attract new capital flows to major cryptocurrencies (source: Henri Arslanian, Twitter). Furthermore, New Hampshire passed a Crypto Reserve Law requiring certain reserves for digital asset operations, signaling increased regulatory clarity and potentially supporting market stability (source: Henri Arslanian, Twitter). These developments are expected to impact Bitcoin, Ethereum, and altcoin trading volumes and volatility in the coming weeks.

According to @charlesdhaussy, Coinbase has officially acquired Deribit, the leading cryptocurrency derivatives exchange. This strategic move positions Coinbase to dominate the crypto options and futures trading market, potentially increasing institutional flow and liquidity across Bitcoin and Ethereum derivatives. Traders should monitor shifts in open interest and volume on Coinbase and Deribit platforms, as this acquisition is likely to introduce new trading products and expand U.S. regulatory influence in global crypto derivatives markets (source: @charlesdhaussy, May 8, 2025).

According to StockMKTNewz, Coinbase ($COIN) is set to acquire leading crypto options platform Deribit in a $2.9 billion deal, as reported by The Wall Street Journal. This acquisition marks Coinbase's aggressive expansion into the crypto derivatives sector, which is known for high trading volumes and institutional participation. For traders, this move could mean increased liquidity, broader crypto options offerings, and intensified competition among major exchanges. Analysts expect this deal to enhance Coinbase's market share in derivatives and potentially drive increased volatility and trading opportunities in the broader crypto market (source: StockMKTNewz via WSJ, May 8, 2025).

According to Paradex Network's official Twitter post, $HYPE perpetual options are now available for trading, opening new opportunities for derivatives traders to gain leveraged exposure to the $HYPE token (source: @tradeparadex, May 5, 2025). This launch is significant as it increases $HYPE's liquidity and market depth, allowing traders to hedge or speculate on price movements with more flexibility. The introduction of perpetual options is expected to attract both institutional and retail traders, potentially boosting overall trading volume on decentralized platforms and influencing price volatility in related DeFi tokens. Traders should monitor open interest, funding rates, and implied volatility, as these metrics can provide actionable signals for short-term and swing trading strategies tied to $HYPE and correlated assets.

According to @justinsuntron, Justin Sun has officially announced a partnership with Deribit (@DeribitOfficial), a leading cryptocurrency derivatives exchange, via Twitter on May 2, 2025 (source: twitter.com/justinsuntron/status/1918290548919812229). This collaboration highlights Deribit's growing influence in the crypto options and futures market and signals increased institutional interest in derivatives trading platforms. Traders should monitor potential increases in liquidity and new product offerings on Deribit as a result of this partnership, which may impact trading strategies and market volatility (source: Deribit, Twitter).

According to Coinbase International Exchange, PAXG-PERP and ZORA-PERP perpetual futures markets are now fully open for trading on Coinbase International Exchange and Coinbase Advanced. Traders can now access limit, market, stop, and stop limit order types for both $PAXG and $ZORA, increasing flexibility and liquidity in these markets (source: @CoinbaseIntExch, May 1, 2025). This launch provides new opportunities for advanced trading strategies and risk management for both short-term and long-term traders. The availability of multiple order types is expected to enhance volatility-trading and arbitrage activities for PAXG and ZORA perpetual contracts.