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Hyperliquid Policy Center writes to the CFTC: A compliance pathway should be opened for decentralized prediction markets

The Hyperliquid Policy Center (HPC) announced that it has formally submitted a comment letter regarding the U.S. Commodity Futures Trading Commission (CFTC) Advance Notice of Proposed Rulemaking (ANPRM) on prediction markets, advocating for the establishment of a clear compliance path for decentralized prediction markets based on public, permissionless blockchains while improving the regulatory framework for centralized prediction markets.In the comment letter, HPC calls on the CFTC to develop more flexible, function-oriented rules to accommodate decentralized market structures; to establish clear legal channels for U.S. market participants to access decentralized prediction markets; and to promote the U.S. leading position in decentralized financial innovation. HPC stated that prediction markets are a natural extension of the federal derivatives framework, helping participants directly manage their economic risk exposure to real-world events and aggregating dispersed information through continuously updated market prices, whose price discovery capabilities have been widely validated, even outperforming traditional polls and expert forecasts.It pointed out that decentralized prediction markets based on public blockchains have advantages such as transparency, non-custodial nature, and high resilience, not relying on centralized operators to hold user funds, and there is no single point of failure risk; all transactions are recorded in real-time on a public ledger, facilitating regulation and market oversight, while market access standards are more transparent and uniform.HPC emphasized that current rulemaking should not solidify reliance on a single exchange operator, custodial intermediaries, and traditional settlement monitoring mechanisms, as this would hinder U.S. users' legitimate participation in decentralized prediction markets. It stated that it will continue to promote compliance access for U.S. market participants to Hyperliquid and HIP-4 outcome markets and will maintain communication with the CFTC.

The advantages of the Gate multi-asset platform are highlighted, accelerating the construction of integrated financial infrastructure

According to CryptoRank, Gate is accelerating its efforts in the multi-asset track and forming differentiated advantages through a native construction path. Data shows that Gate has launched over 430 types of TradFi CFD assets, covering multiple categories such as stocks, foreign exchange, indices, metals, and commodities, and is continuously expanding at a rate of 10 to 20 new assets daily, with peak single-day trading volume exceeding $25 billion.In terms of product structure, Gate has simultaneously connected five core forms, including TradFi CFD, traditional asset perpetual contracts, tokenized stocks, RWA yield products, and Pre-IPO, all operating under the same account system. Through a collateral and settlement mechanism centered on USDT, the platform has achieved efficient connectivity between crypto assets and traditional assets, significantly enhancing cross-market capital utilization efficiency and trading flexibility.Moreover, in terms of transparency and infrastructure, Gate continues to strengthen the foundation of market trust. The platform's latest reserve coverage exceeds 122%, and it enhances asset transparency through verifiable mechanisms. As the industry accelerates towards multi-asset and institutional evolution, Gate further consolidates its leading position in the new competitive landscape through product depth, asset breadth, and infrastructure synergy capabilities.

RootData released the eighth issue of the "Cryptocurrency Exchange Transparency Rankings (Stock Category)": BingX makes the list for the first time, while XT.com falls out of the top ten

Web3 asset data platform RootData released the eighth issue of the "Cryptocurrency Exchange Transparency Rankings (Stock Category)," continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this ranking, Binance, OKX, Bybit, Gate, and Bitget continue to occupy the top five positions.In terms of ranking changes, BingX entered the list for the first time at ninth place due to a significant increase in traffic, while XT.com fell out of the top ten this issue due to a decline in trading volume and insufficient compliance transparency.In terms of traffic, leading platforms showed a moderate decline. Newly ranked BingX had a weekly traffic of 7.6 million, placing it second, just behind Binance. Meanwhile, Ourbit's traffic plummeted from 1.33 million to below 310,000, a drop of over 76%, making it the exchange with the largest decline in traffic this issue.Additionally, according to the ranking data, almost all exchanges experienced a significant decline in daily average trading volume, with decreases generally between 10% and 25%.It is reported that RootData adheres to the principle of "transparency first" and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The platform will continue to enhance and publish this ranking in the future.

Funds are accelerating towards leading liquidity platforms, with Gate institutions facilitating efficient trading and strategy execution

According to the latest weekly report released by Gate, in the past week (from April 20 to April 26), driven by the easing of geopolitical tensions and rising expectations for interest rate cuts, BTC rose from $68,000 to above $77,000, with market sentiment remaining "cautiously optimistic." ETF funds continued to see net inflows, indicating that institutions are steadily increasing their positions amid fluctuations, with capital accelerating towards high liquidity assets and deep trading platforms.There was a noticeable rotation of on-chain funds: PancakeSwap's trading volume approached $36 billion, the supply of USDT was nearly $200 billion, while USDe saw a net outflow of about $2 billion; in the DeFi sector, Aave's lending balance decreased, with liquidity shifting towards Spark. In terms of derivatives, the funding rate for BTC remains negative, while the activity and volatility of options have increased. The market will pay attention to the FOMC interest rate meeting and the volatility effects brought by the unlocking of OP, SUI, and ENA.Against this backdrop, Gate continues to strengthen its institutional service capabilities, providing high-performance matching, deep liquidity, and multi-exchange strategy support to meet high-frequency and arbitrage demands. At the same time, through a comprehensive asset security and custody system, combined with a one-stop solution for spot, contract, and multi-asset trading, it helps institutions execute efficiently and lay out robust strategies in a volatile market.
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