According to Eleanor Terrett on Twitter, Acting CFTC Chair Caroline D. Pham stated that all recent proposals submitted to the agency concerning 24/7 derivatives and perpetuals trading have exclusively focused on crypto asset products, with no submissions related to traditional commodities. This trend underscores increasing institutional and industry interest in around-the-clock crypto derivatives trading, which could drive further liquidity and volatility in the digital asset markets. Pham's remarks reinforce the growing separation between crypto and traditional commodity markets in regulatory discussions, signaling a pivotal shift for crypto derivatives trading and potentially influencing regulatory frameworks and market participation. (Source: Eleanor Terrett on Twitter, June 6, 2025)

According to @KookCapitalLLC, the 'hyperliquid domination era' signifies Hyperliquid's rapid ascendancy in the decentralized perpetuals exchange sector, with recent data indicating a significant increase in trading volumes and user adoption (source: @KookCapitalLLC, June 6, 2025). This surge in Hyperliquid’s market share is directly impacting liquidity and price discovery across major cryptocurrencies, making it a critical platform for active traders seeking deep order books and tighter spreads. Traders are advised to monitor Hyperliquid’s volume dominance, as shifts in market share could influence volatility and arbitrage opportunities on competing decentralized and centralized exchanges.

According to @jessepollak, AvantisFi is setting new standards in the perpetuals trading space by pioneering zero fee perps and offering broad asset support, including real-world assets (RWAs) like gold and FX. The platform is preparing to launch 200ms order fills with flashblocks, which could significantly improve trade execution speed for active traders. These advancements are likely to enhance liquidity and attract more volume, making AvantisFi a noteworthy platform for crypto traders seeking low-cost, fast, and diverse trading options. Source: @jessepollak via Twitter, June 3, 2025.

According to @KookCapitalLLC, a significant liquidation event occurred on the Hyperliquid platform, as evidenced by the posted screenshot on June 3, 2025. This mass liquidation highlights increased volatility and risk exposure for traders using decentralized perpetual exchanges. The event is likely to trigger heightened caution among leveraged traders and could temporarily increase price swings for popular pairs on Hyperliquid, impacting both short-term trading strategies and overall market liquidity. Source: @KookCapitalLLC Twitter, June 3, 2025.

According to Ai 姨 (@ai_9684xtpa), CZ introduced the concept of a 'dark pool perp DEX' early this morning, aiming to use a dark pool mechanism that hides the order book and even delays or conceals the amount of funds deposited in smart contracts. This approach is designed to prevent large perpetual orders from being front-run or targeted by market participants. The discussion also highlights that James is seeking to communicate with CZ, possibly due to his central role in this situation (source: Twitter @ai_9684xtpa, June 2, 2025). For traders, the adoption of dark pool mechanisms in decentralized perpetual exchanges could significantly reduce order visibility, impacting liquidity strategies, price discovery, and overall market transparency within the crypto ecosystem.

According to Charles Edwards (@caprioleio), the Capriole Heater metric is showing significant strength, with open interest (OI) building up across futures, perpetuals, and options markets. This increased OI on rising Heat suggests that crypto traders should prepare for heightened volatility, with expectations of market consolidation at best, or a potential price drop at worst (source: Twitter/@caprioleio, May 31, 2025). This data-driven insight is critical for crypto traders monitoring market liquidity and leverage risks, as it points to possible liquidation cascades if sentiment turns negative.

According to Flood (@ThinkingUSD), traders seeking optimal results on Hyperliquid should aim for 500,000 HYPE tokens, maintain decent perpetual (Perp) contract volume, and high spot trading volume. Flood recommends accumulating between 100 to 1,000+ HYPE for casual traders, staking HYPE, and providing liquidity to BTC/HYPE pools for added rewards. He further suggests moving both spot and Perp trading activities to Hyperliquid to maximize trading efficiency and capitalize on platform incentives. This strategy is designed to leverage Hyperliquid's trading ecosystem, including its high-volume liquidity pools and staking rewards, potentially driving higher trading yields in the crypto market (Source: Flood on Twitter, May 27, 2025).

According to Coinbase International Exchange, trading for MOVE-PERP has been officially suspended, and all remaining open positions were automatically settled at the final price of $0.17322 USDC, based on the 60-minute average index price before the halt (Source: @CoinbaseIntExch, May 27, 2025). This decisive action eliminates MOVE-PERP exposure, impacting traders who relied on MOVE-contract volatility strategies. The settlement standardizes risk management and may drive traders toward alternative derivatives, affecting liquidity and volatility in related crypto perpetual markets.

According to Coinbase International Exchange (@CoinbaseIntExch), trading for MOVE-PERP will be suspended on Coinbase International Exchange and Coinbase Advanced today, May 27, 2025, around 19:00 UTC. This suspension may lead to increased volatility and liquidity changes for MOVE-PERP and related perpetual contracts, affecting traders' open positions and exit strategies. Crypto traders are advised to adjust their portfolios and risk management plans accordingly, as trading access on a major exchange directly impacts price discovery and market depth. Source: Coinbase International Exchange Twitter (May 27, 2025).

According to Aggr News, Hyperliquid has recently experienced significant trading volume increases, reflecting heightened activity on decentralized perpetual exchanges (Source: Aggr News, May 24, 2025). This surge indicates growing trader interest in non-custodial platforms, with Hyperliquid's liquidity depth and low slippage rates attracting both retail and institutional participants. Market data shows that this trend could impact price discovery and volatility across major crypto assets, especially as more users seek alternatives to centralized exchanges. Crypto traders should closely monitor liquidity flows on Hyperliquid, as shifts here often signal changing sentiment and potential arbitrage opportunities across derivatives markets.

According to official exchange announcements, the final settlement price for affected crypto contracts will be determined by averaging the index price over the 60 minutes prior to trading suspension, with the funding rate set to zero for the final period before settlement (source: official exchange notice). This means traders should anticipate price stabilization in the last hour of trading, as funding cost volatility will be eliminated. Such measures can reduce unexpected funding rate-driven price swings and help traders better manage risk and position closure strategies, especially for perpetual and futures contracts.

According to Paradex Network, the ELX-USD-PERP perpetual contract will be delisted due to inactivity, entering reduce-only mode on May 23, 2025, at 5:00 AM UTC and full delisting at 6:00 AM UTC the same day. Remaining positions will be settled at the mark price, impacting traders who hold open ELX perpetual positions. This delisting signals decreased liquidity and trading opportunities for ELX, potentially affecting short-term volatility and requiring traders to reassess their portfolio exposure and risk management strategies (Source: Paradex Network on Twitter, May 21, 2025).

According to Flood (@ThinkingUSD) on Twitter, two significant accounts have opened large short positions against HYPE token, with both accounts funded from Binance. The first account holds a $24 million perpetual short with a liquidation price at $22.8, while the second account has a $6.6 million perpetual short set to liquidate at $28.5. These liquidation levels present crucial resistance zones for traders monitoring HYPE's price action. The on-chain activity, verified via hypurrscan.io, highlights increased institutional short interest and suggests heightened volatility near these liquidation thresholds (Source: Flood, Twitter, May 1, 2025).

According to Ai 姨 on Twitter, the announcement of ALPACA's delisting by Binance triggered a dramatic 60-fold price surge, with the ALPACA perpetual contract reaching a 24-hour trading volume of $3 billion and open interest peaking at $110 million before contract closure. On April 24, 2025, Binance announced the delisting of ALPACA and three other tokens, causing ALPACA to spike 150% and initiate a major short squeeze (source: Ai 姨 Twitter, April 30, 2025). The following day, Binance expedited funding rate settlement intervals from four hours to two, intensifying trading activity. Traders should note that extreme volatility and liquidation risk were directly driven by Binance's official delisting notice and subsequent exchange policy changes, making risk management crucial for similar delisting events (source: Ai 姨 Twitter, April 30, 2025).

According to Coinbase International Exchange (@CoinbaseIntExch), support for ZORA perpetual futures (ZORA-PERP) will launch on Coinbase International Exchange and Coinbase Advanced on or after 9:30 am UTC, May 1, 2025. This listing enables traders to access leveraged $ZORA positions, potentially increasing ZORA's liquidity and volatility. The move is expected to attract institutional and professional traders, offering new hedging and speculative opportunities. Traders should monitor the market opening for potential price swings and increased trading volume, as perpetual futures listings often drive short-term volatility (Source: @CoinbaseIntExch, April 25, 2025).

According to Polynomial (@PolynomialFi), the upcoming integration of perpetual contracts with decentralized finance (DeFi) platforms is set to offer traders new opportunities for leveraged trading, improved liquidity, and efficient risk management. This development is expected to merge the high-volume trading of perps with the transparency and composability of DeFi, enabling seamless access to advanced derivatives directly on decentralized exchanges (source: PolynomialFi Twitter, April 25, 2025). Crypto traders should monitor this launch for potential shifts in trading volumes and new arbitrage possibilities within DeFi ecosystems.

According to Cas Abbé on Twitter, $INIT has officially launched trading on Gate.io, offering both spot and perpetual (perps) contracts from day one, which indicates strong confidence from the project and exchange (source: @cas_abbe, April 25, 2025). The immediate availability of perps is notable, as this allows traders to take both long and short positions with leverage, increasing market participation and potential volatility. Early listing on a major exchange like Gate.io can lead to higher trading volumes and liquidity, making $INIT a project to watch for active traders seeking new opportunities (source: Gate.io, @initia).

According to Coinbase International Exchange, WCT-PERP, KERNEL-PERP, BABY-PERP, and PROMPT-PERP markets are now fully operational, allowing traders to utilize limit, market, stop, and stop limit orders. These additions provide traders with more opportunities for strategic trading and risk management across volatile markets. This launch on Coinbase Advanced and International platforms is expected to enhance liquidity and trading volume for these perpetual contracts.

According to @PolynomialFi, the new $ZORA perpetual contracts are now available for trading on Polynomial with up to 20x leverage and native cross-margin. This market is powered by @PythNetwork, allowing traders to earn points, $OP tokens, and exclusive Discord roles. These features offer a robust trading environment for those looking to maximize their gains with leveraged positions.

According to Greeks.Live, the overall market sentiment is cautiously bearish in the short term, with traders noting declining volumes and thin order books during the holiday markets. They are focusing on key levels between 84k-88k, with a particular emphasis on the 80k psychological level if the market breaks lower. The weekend market is expected to remain range-bound, driven by perpetual contracts, while spot selling continues. Notably, volatility has decreased significantly, with calls for next week priced at sub-40%, presenting a potential opportunity for gamma positions. Traders are advised to consider buying cheap options or option ratios to capitalize on the low volatility, anticipating a potential liquidity squeeze when markets stabilize.