Trump Tweets After Hours, Pushing On-Chain Perpetual Contracts into the Mainstream

marsbitОпубликовано 2026-03-24Обновлено 2026-03-24

Введение

Trump, who calls himself the "Crypto President," is also driving the adoption of perpetual futures contracts. He frequently makes market-moving statements outside traditional trading hours, coinciding with the rise of 24/7 trading infrastructure. Over a single weekend, Hyperliquid’s S&P 500 proxy product experienced three major price swings triggered by Trump’s tweets—first rising on positive remarks, then falling after a threat against Iran, and surging again following claims of diplomatic progress (later denied by Iran). This highlights a structural shift toward perpetual contracts and round-the-clock markets. Perpetual DEX trading volume reached $739 billion in January 2026, accounting for 10.2% of all crypto perpetual trading—up from just 2.0% two years prior. While it remains uncertain whether perps will dominate traditional finance, growth is undeniable. Recent developments, like Katana’s acquisition of IDEX and the launch of Katana Perps, signal increasing momentum. Regulatory clarity and macro risks are accelerating the move toward 24/7 trading, where price discovery happens continuously.

Author: FintechFrank

Compiled by: Deep Tide TechFlow

Deep Tide Guide: This article captures an ongoing structural shift: Trump's habit of making market-moving statements after the market closes, which coincides with the rise of 24/7 trading infrastructure. The S&P 500 proxy product on Hyperliquid experienced three significant fluctuations triggered by Trump's tweets over the same weekend. This is not a coincidence but a preview of a new normal.

Full Text Below:

Trump calls himself the "Crypto President," but in many ways, he is also the "Perpetual Contracts President."

It is well-known that Trump doesn't sleep, and he doesn't hesitate to make statements that can shake the market outside of traditional trading hours. This is a peculiar yet fitting backdrop: the market is evolving toward 24/7 trading, and we happen to have a president who can best be described as "spontaneous and sometimes chaotic."

This dynamic was fully demonstrated over the weekend.

Just days after S&P Global announced it would authorize trading of the S&P 500 on Hyperliquid, Trump stated on Friday afternoon after the market closed that the U.S. is "very close to achieving our goals." The S&P 500 proxy product on Hyperliquid immediately rose.

Then, on Saturday at 7:44 PM Eastern Time, Trump escalated his threats, warning that he would strike Iran's power facilities if the Strait of Hormuz was not reopened. The reaction was instantaneous: the S&P 500 on Hyperliquid immediately fell.

But it didn't end there. On Monday morning, Trump claimed that the U.S. and Iran had held talks on a "comprehensive and thorough resolution of hostilities." S&P 500 futures surged by over 3.5%. Iran later denied Trump's statement.

Trump's presidency may not be driving the arrival of 24/7 markets, but it has made it impossible to ignore the issue.

It remains unclear which perpetual contract product will dominate or whether perpetual contracts will become the primary structure for 24/7 markets. Futures have historically been far less familiar to U.S. retail investors than options, and whether traditional brokerages can successfully promote these products to their customer base remains an open question. I am skeptical. What works in crypto markets may not seamlessly translate to traditional finance users.

Nevertheless, growth is undeniable.

The open interest on perpetual contract DEX platforms has surged significantly. In January 2026, the trading volume of perpetual contract DEXs reached $739 billion, accounting for 10.2% of the total crypto perpetual contract trading volume on decentralized platforms—compared to just 2.0% two years ago.

As Carlos Guzman and Slater Santer of GSR Research show in the chart, news flow in both centralized and decentralized perpetual contract markets has accelerated since the HYPE TGE:

This morning, there was further momentum within the GSR ecosystem:

Katana acquired the early decentralized exchange IDEX and launched Katana Perps, a platform designed to unify spot and derivatives trading on-chain. This is the first major move by CEO Matthew Fisher since taking office, reflecting a pursuit of controlling more of the trading stack and capturing greater economic value.

This move also highlights a broader shift: the environment for perpetual contracts is becoming increasingly favorable. Here’s how Katana put it:

"This move coincides with U.S. regulators sending clear signals allowing crypto perpetual contracts, marking a potential inflection point for on-chain derivatives. At the same time, trading activity continues to migrate toward 24/7 markets, with price discovery increasingly happening in real-time rather than during fixed trading hours. As global markets adapt to new realities, macro risks no longer wait for trading hours, reinforcing the importance of a continuous 24/7 trading environment."

Связанные с этим вопросы

QWhat is the main argument of the article regarding Trump and the financial markets?

AThe article argues that former President Trump, through his habit of making market-moving statements after traditional trading hours, is inadvertently accelerating the adoption and mainstream relevance of 24/7 on-chain perpetual contracts, making him a 'Perpetuals President'.

QWhich platform's S&P 500 proxy product is highlighted as reacting to Trump's tweets?

AThe S&P 500 proxy product on the Hyperliquid platform is highlighted, as it experienced significant price movements in response to a series of Trump's tweets over a single weekend.

QWhat significant change in market share for perpetual DEXs does the article mention?

AThe article states that perpetual DEX trading reached $739 billion in January 2026, accounting for 10.2% of all crypto perpetual trading volume, a significant increase from just 2.0% two years prior.

QWhat recent corporate acquisition and product launch is cited as evidence of growing momentum in the on-chain derivatives space?

AKatana acquired the early decentralized exchange IDEX and launched 'Katana Perps', a platform aiming to unify spot and derivatives trading on-chain.

QAccording to the article, what broader shift in trading is being reinforced by global macro events?

AThe article states that trading activity is shifting towards 24/7 markets, with price discovery happening increasingly in real-time, a trend reinforced by the fact that global macro risks no longer wait for traditional market hours.

Похожее

KOL's Perspective: Why Is SOL Set to Rise from This Point?

**Summary: Why SOL is Positioned for Growth at This Level** The article argues that SOL is poised for an upward move from its current price point, citing several key factors. Primarily, SOL has just broken out of a 4-month consolidation phase. This breakout signals a return of risk appetite to the broader crypto market, as SOL is seen as a key indicator of overall crypto health. The token's ownership has reportedly shifted from short-term traders and tourists to long-term accumulators, leading to low volume. Any meaningful increase in trading activity could thus trigger significant upward momentum. Fundamental strengths include strong institutional adoption, integration with DeFi and RWAs (Real-World Assets), and the potential benefits from the Clarity Act. Despite its high volatility—having dropped 70% from its all-time high but still up 12x from its bear market low—SOL is highlighted as one of the few tokens from the last cycle to reach new highs. It boasts a robust ecosystem of applications, users, and protocols. Future catalysts include the expected influx of AI developers following the Miami Accelerate conference, which focused on AI on Solana. Furthermore, Solana is positioned as the premier chain for memecoin activity, a trend expected to continue and drive network usage and fees. The article concludes that recent price action reflects a healthy transfer to long-term holders, setting the stage for growth.

marsbit50 мин. назад

KOL's Perspective: Why Is SOL Set to Rise from This Point?

marsbit50 мин. назад

Those Pre-Bitcoin PoW Protocols Have Recently Been Reimplemented

This article details a recent surge in replicating pre-Bitcoin Proof-of-Work (PoW) protocols, specifically focusing on Hal Finney's 2004 RPOW (Reusable Proofs of Work). Within five days in May 2026, multiple independent builders in the Bitcoin/cypherpunk community launched projects inspired by this early electronic cash proposal. The initiative began with Fred Krueger's `rpow2.com`, a centralized but auditable system that replaced RPOW's original IBM 4758 hardware with Ed25519 signatures. Initially a faithful replica, it later adopted Bitcoin-like features (21M supply cap, difficulty adjustment) and a controversial 5.24% founder allocation. This sparked rapid forks, including `rpow4.com` which incorporated full Bitcoin parameters, a prediction market (`rpowmarket.com`), and a DEX (`rpow2swap.com`). Concurrently, Mike In Space created a prototype of Wei Dai's 1998 b-money proposal (`b-money.replit.app`), pushing the historical exploration even further back. The article contrasts these centralized, server-dependent experiments with Bitcoin's core innovation of decentralized, trustless consensus. It also highlights a parallel development: the `HASH` project on Ethereum, which uses smart contract hooks to enable a purely fair-launch, browser-mineable PoW token with 0% allocations to team or VCs. The collective activity is framed as a meme-driven, educational exploration of cypherpunk history rather than a serious financial movement, with all projects heavily disclaiming any investment value.

marsbit54 мин. назад

Those Pre-Bitcoin PoW Protocols Have Recently Been Reimplemented

marsbit54 мин. назад

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

South Korea's cryptocurrency industry is engaged in a rare, direct confrontation with regulators. The Financial Intelligence Unit (FIU), the primary anti-money laundering (AML) watchdog, has recently imposed heavy penalties on major exchanges like Upbit and Bithumb for alleged violations involving unregistered overseas VASPs and AML procedures. However, exchanges are now actively challenging these actions in court and through industry associations. In a significant shift, the Seoul Administrative Court ruled in favor of Upbit's operator, Dunamu, overturning part of an FIU-ordered business suspension. The court found the FIU's penalty criteria and justification insufficiently clear. Similarly, the court suspended the enforcement of a six-month business suspension against Bithumb pending a final ruling, citing potential irreversible harm to the exchange. Beyond legal battles, the industry is contesting proposed legislative amendments. The Digital Asset eXchange Alliance (DAXA) strongly opposes a draft rule that would mandate Suspicious Transaction Reports (STRs) for all crypto transfers over 10 million KRW (~$6,800). DAXA argues this "poison pill" clause violates legal principles and would overwhelm the STR system, increasing reports from 63,000 to an estimated 5.45 million annually for major exchanges, thereby crippling effective AML monitoring. This conflict highlights a structural tension in South Korea's crypto governance: comprehensive digital asset laws are still developing, while regulators rely heavily on AML enforcement. The industry's move from passive compliance to active legal and legislative challenges signifies a new phase, pressing for clearer rules and more proportionate enforcement. While short-term disputes may intensify, this clash could ultimately lead to a more mature and sustainable regulatory framework for South Korea's vibrant crypto market.

marsbit1 ч. назад

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

marsbit1 ч. назад

Earnings Report, CLARITY Bill, and Warsh's Arrival: CRCL Faces Three Major Tests This Week

Circle (CRCL) faces three major tests this week that will significantly impact its stock price and valuation. First, on May 11, it will release its Q1 2026 earnings. Key metrics to watch are overall revenue and EPS, the proportion of revenue paid to distributors like Coinbase, and growth in non-interest income. The market also awaits Circle's stance on renegotiating its revenue-sharing contract with Coinbase, which expires in August. Second, on May 14, the U.S. Senate Banking Committee will vote on the CLARITY Act. This bill aims to establish a clear federal regulatory framework for digital assets. A recent compromise proposal would ban yield on static stablecoin reserves but allow rewards for active ones. Its passage, currently seen as likely by prediction markets, would be a major positive for the industry and Circle. Finally, on May 15, Kevin Warsh will succeed Jerome Powell as Federal Reserve Chair. Warsh's proposed policy of quantitative tightening combined with interest rate cuts could pose a short-term headwind for CRCL, as lower rates reduce Circle's primary revenue from USDC reserves. However, long-term prospects may improve as Warsh, a known crypto investor who opposes a Fed CBDC, is seen as potentially favorable to regulated private stablecoins like USDC.

marsbit1 ч. назад

Earnings Report, CLARITY Bill, and Warsh's Arrival: CRCL Faces Three Major Tests This Week

marsbit1 ч. назад

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

Sun Yuchen, known for his controversial stunts like a $30 million lunch with Warren Buffett (canceled due to a kidney stone) and eating a $6.2 million duct-taped banana, is often overshadowed by a significant fact: his decade-long track record of spotting major investment trends. In 2016, he famously advised young people to invest in Bitcoin, Nvidia, Tesla, and Tencent instead of buying property. A hypothetical $20,000 investment in Nvidia and Tesla from that list would now be worth over 50 million RMB. His latest major call was on November 6, 2025, predicting a "50x storage opportunity" tied to the AI boom, which materialized with Sandisk's stock surging nearly 50-fold by 2026. Looking ahead, Sun now focuses on the next frontier: Physical AI. He identifies four key areas: 1. **Embodied AI/Robotics**: He sees this reaching its "iPhone moment," with companies like UBTech and Galaxy General leading in commercialization. 2. **Drones**: Viewed as the first commercially viable form of Physical AI, revolutionizing sectors from warfare (e.g., AeroVironment's Switchblade) to logistics. 3. **Spatial Computing**: Beyond VR, it's about AI understanding physical space, a foundational technology for robotics and autonomous systems, exemplified by Apple's Vision Pro. 4. **Space Exploration**: After a 2025 suborbital flight with Blue Origin, Sun advocates for space as the ultimate frontier, discussing blockchain's potential role in space asset management and data transactions. His investment philosophy involves betting on entire, inevitable trends rather than single companies. For robotics, he sees Tesla (the body/manufacturer) and Nvidia (the brain/AI platform) as complementary plays. In defense drones, he highlights companies making tanks obsolete (AeroVironment) and those augmenting fighter jets (Kratos). For space, he participated in Blue Origin's flight and anticipates SpaceX's potential IPO to redefine the sector's valuation. Sun Yuchen's vision frames the next two decades not as a revolution in information flow (like the internet), but in the fundamental operation of the physical world through AI-powered robots, autonomous systems, and spatial intelligence, ultimately extending human and AI activity into space. While many still focus on conventional assets, he continues to look toward the next technological horizon.

marsbit2 ч. назад

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

marsbit2 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow