ChainCatcher message, trader Eugene shared the recently popular DEX project Hyperliquid on his social platform. Eugene stated, "HL (Hyperliquid) is the best Deriv DEX on the market, far ahead, deserving of the market share and fan base it has accumulated; everything that founder Jeff and his team have done so far has been right, even paving the way for other founders to establish the 'correct' strategy for issuing tokens.However, since the TGE, the token price has actually been parabolic, and I believe the current price has reached a very attractive level for early airdrop participants. In my view, the amount of promotional hype is equivalent to the peak market share of the entire CT. The speed of accumulation also reflects the enthusiasm of many marginal buyers, especially above $10.I have no opinion on the hype (long-term or short-term), but I admire their achievements in such a short time. Given that I am bombarded with questions about this topic every day, these are just my thoughts."

ChainCatcher news, according to a report by PR Newswire, the decentralized derivatives protocol Symmio has announced the completion of a $3.1 million funding round, with investment firms such as Spartan Group, Orbs, MCLB, and Blockchain Founders Fund contributing approximately $2.1 million, while MS2 Capital, GMoney, and Prime Ventures are early investors in the company.Symmio is an intent-driven derivatives clearing layer aimed at addressing the liquidity and fragmentation issues in DeFi, currently supporting four networks: Arbitrum, Base, BSC, and Mantle. The project revealed plans to launch its token TGE on December 16, with the token debuting on the Base blockchain, and initial liquidity will be provided through the SYMM / ETH trading pair on Aerodrome Finance.

ChainCatcher news, according to Bloomberg, large financial companies such as Standard Chartered Bank and Virtu Financial Inc. are preparing to join a new cryptocurrency derivatives trading platform in London.The trading platform Global Futures and Options Ltd. (referred to as GFO-X) announced on Monday that it has signed agreements with ABN Amro Clearing and market maker IMC, and it expects to launch in the first quarter of next year. GFO-X is supported by M&G Investments (the asset management division of pension giant M&G Plc).GFO-X will handle trading of Bitcoin index futures and options, initially planned to go live by the end of 2023, but it failed to launch on schedule due to two delays. The trading on GFO-X will be cleared by LCH SA, which is owned by the London Stock Exchange Group.

ChainCatcher news, according to financefeeds, the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution designed to unify the fragmented liquidity landscape of DeFi.Perennial founder Kevin Britz stated that currently only a small portion of cryptocurrency trading volume occurs on-chain, and it is dispersed across hundreds of L1 and L2 networks. Perennial Intents provides deeper market depth and better price execution by integrating liquidity from both on-chain and off-chain trading venues.It is reported that the protocol combines a hybrid model of off-chain order matching and on-chain AMM settlement, while also launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the initial launch period. Currently, Perennial has completed integrations with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.

ChainCatcher news, four asset management companies have submitted applications to U.S. regulators to create investment Bitcoin ETFs, but using derivatives to minimize or completely hedge potential losses.Calamos Investments has applied for four actively managed ETFs.First Trust Portfolios has applied to establish a 15% floor ETF and a buffered ETF aimed at hedging the first 30% of losses.Innovator ETFs is seeking to launch a three-month buffered product with a 10% return. The company has also applied to launch a three-month actively managed ETF with a 20% return and has set a "participation rate."Grayscale Investments also plans to launch a covered call Bitcoin ETF, which will sell call options on a spot Bitcoin ETF. This will reduce the potential price appreciation when Bitcoin rises, but can provide regular premium income.

ChainCatcher news, according to The Block, Hyperliquid airdropped 310 million fully unlocked tokens to users who earned points by trading on the platform, causing its HYPE token price to soar, with a market capitalization surpassing the lending platform Aave.According to data from The Block, Hyperliquid accounted for nearly half of the total trading volume on decentralized derivatives platforms yesterday, reaching 47%.

ChainCatcher news, Kaiko released a report stating that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options made their debut, with BlackRock's IBIT options reaching a notional trading volume of $1.9 billion on the first day, totaling 354,000 contracts. In comparison, BITO options had a trading volume of $360 million when they launched in 2021. This strong buying power highlights the robust demand for BTC-linked derivatives and bullish market sentiment.Notably, over 80% of the IBIT first-day options trading volume was in call options, reflecting a strong belief in the price increase of Bitcoin. Trading activity was primarily concentrated on options with near-term expirations, with contracts expiring in December 2024 dominating. The share of IBIT call options significantly exceeded that of the largest crypto-native options market, Deribit, where call options accounted for 64% of trades.The launch of BTC spot ETF options could further accelerate institutional adoption. These tools allow investors to hedge risks and devise complex strategies to profit from Bitcoin's volatility. Additionally, they could drive the creation of structured products, which offer customized investments with specific risk-return characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.

ChainCatcher news, DeFi derivatives protocol Cega announced that it has been acquired by a "leading platform," with the name of the acquirer and the acquisition amount undisclosed.The company stated that it will discontinue its product suite by the end of the year, Cega's platform will no longer accept deposits, and the protocol urges users to start withdrawing, as the protocol's products will cease operations by the end of this year. Cega stated on the X platform: "Cega's original vision was to create the next evolution of DeFi derivatives.Today, we are excited to announce that we have been acquired by a leading platform and will continue to drive this vision forward. Our team is very proud to have been the first to introduce exotic options to DeFi, processing 500 million transactions and securely safeguarding user funds over the past three years."

ChainCatcher news, according to The Block, Wintermute analysts indicate that funds are shifting from BTC to ETH, with the derivatives market suggesting that investors expect Ethereum to rise further.Over the weekend, the open interest in Ether surged, while implied volatility also increased, and the demand for call options has noticeably risen, indicating that the confidence of derivatives traders is continuously strengthening.Analysts state that the shift from Bitcoin to Ether is characterized by a sharp rise in Ether's implied volatility, with the put-call skew reaching its highest level in 12 months, indicating a strong preference among investors for upside risk.According to Wintermute analysts, traders are actively pushing the market higher through upward buying. Wintermute analysts noted in their weekly cryptocurrency market update: "In the past few trading days, funds have flowed into Ethereum, as the open interest on trading platforms surged to an all-time high over the weekend."

ChainCatcher news, according to Cointelegraph, based on a report released by the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee on November 21, the CFTC has approved the use of blockchain technology to manage trading collateral in the U.S. derivatives market.The report states that blockchain technology (including distributed ledgers and tokenization) can address long-standing challenges in traditional derivatives exchanges and expand the types of assets available for collateralized trading.

ChainCatcher news, Arkham announced on X platform that the derivatives exchange is now open for registration, with trading set to start in 1 week.Arkham stated that registration eligibility varies by jurisdiction. Users residing in certain jurisdictions (including the United States) will be excluded from access.

ChainCatcher news, decentralized derivatives startup SynFutures has launched Perp Launchpad, which is combined with a $1 million grant program aimed at promoting new token projects on the blockchain.Perp Launchpad is built on top of Ethereum L2 and will allow projects to create perpetual futures markets for any asset. It also includes a vault feature to "optimize liquidity," generating returns for liquidity providers.

ChainCatcher news, the exchange Kraken has launched a new set of crypto derivatives products designed for institutional clients in Australia, aimed at complying with the regulatory standards following the country's recent legal challenges.Kraken stated that this licensed brokerage service will allow institutional clients to gain exposure to cryptocurrency price fluctuations through derivatives without directly holding the underlying assets.The service offers multi-collateral support, including fiat currencies, stablecoins, and cryptocurrencies, covering over 200 tradable assets.

ChainCatcher news, Coinbase's derivatives trading platform Coinbase Derivatives announced that it will launch silver (SLR) and Stellar (XLM) futures on November 11.

ChainCatcher news, according to official sources, Synthetix has proposed to acquire Kwenta and restart derivatives trading through a merger. The proposal has been sent to the Spartan Council and the Kwenta Council. The proposed strategic acquisition marks Synthetix's commitment to expanding its capabilities and creating value for SNX token holders.It is reported that if the proposal is approved, Synthetix will mint up to 9,050,375 new SNX tokens to fund the acquisition.

ChainCatcher news, according to The Block, in early trading on Tuesday, the price of Bitcoin rose from $69,000 to a solid breakthrough of $71,000, indicating that traders are increasingly optimistic about the U.S. elections a week away.Analysts point out that improved technical indicators, renewed inflows into spot Bitcoin ETFs, and broader macro factors (including speculation about a Trump victory and the seasonal strength of the market in the fourth quarter) support Bitcoin's continued upward trajectory.Bitfinex analysts stated, "'Trump trade' narratives and favorable seasonal factors for the fourth quarter have created a perfect storm for Bitcoin. Although prices may fluctuate before the election, an exciting period lies ahead."The options market also reflects an optimistic outlook for Bitcoin, with bullish positioning suggesting that the price of Bitcoin, the largest digital asset by market capitalization, could rise above $80,000 by the end of the year.

ChainCatcher news, according to CNBC, Robinhood is entering the prediction market, announcing on Monday that users can start trading contracts just eight days before the 2024 U.S. presidential election.The company stated that users can begin trading contracts for Kamala Harris or Donald Trump starting Monday, as long as they meet certain conditions (including being a U.S. citizen). This trading is offered through Robinhood's derivatives division and ForecastEx.Robinhood stated, "We believe event contracts provide people with real-time decision-making tools, unlocking a new asset class that allows the public to better engage with ongoing events."

ChainCatcher news, cryptocurrency exchange Bitstamp has obtained a MiFID MTF license issued by the Slovenian Securities Market Agency. This license allows Bitstamp to offer more complex products, including crypto derivatives, to institutional and retail investors.

ChainCatcher news, according to the Financial Times in the UK, cryptocurrency trading platforms are rapidly expanding into the derivatives space, hoping that stricter regulations and promises of high leveraged returns can attract cautious investors into the market.According to the latest data from CCData, cryptocurrency derivatives trading has accounted for 71% of the total trading volume of digital assets, with the total open interest surpassing $40 billion for the first time, demonstrating the dominant position of the derivatives market. Market leader CME Group has seen record trading volumes and open positions this year and is actively expanding its product line, with the newly launched Bitcoin Friday futures contracts specifically matching the New York trading cycle, further meeting the needs of institutional investors.The derivatives sector is attracting a large number of new players. The Dutch cryptocurrency derivatives exchange D2X is set to launch operations in November, while London's One Trading and GFO-X plan to open in early 2025. Additionally, Kraken has established a trading platform in Bermuda this month, directly competing with CME Group, Binance, and Bybit.Jason Urban, Global Head of Trading at Galaxy Digital, pointed out that after the collapse of crypto lending institutions like FTX, unsecured lending has essentially disappeared from the ecosystem, leading investors to turn to the derivatives market in search of leveraged opportunities.