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Hyperliquid gains ground on centralized exchanges as perps market share nears 6% While platforms like dYdX and GMX exist, neither has matched Hyperliquid's trajectory in terms of volume growth or prod

Hyperliquid gains ground on centralized exchanges as perps market share nears 6%

While platforms like dYdX and GMX exist, neither has matched Hyperliquid's trajectory in terms of volume growth or product expansion.

The following is excerpted from The Block's Data and Insights newsletter.

Centralized exchanges have long been the crown jewel of the crypto industry, processing over $3 trillion in monthly perpetual futures volume and providing the core use case that underpins the sector: trading and speculation.

But Hyperliquid is steadily chipping away at that dominance.

The platform's share of total perpetual futures volume has climbed to just under 6% in March, up from roughly 3.5% a year ago, with monthly volumes approaching $200 billion.

What makes the trend particularly notable is that the ratio has continued to climb even as overall exchange volumes have compressed from their August 2025 peak. This suggests Hyperliquid is genuinely pulling market share rather than simply riding broader volume

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Hyperliquid gains ground on centralized exchanges

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Cardano (ADA) traded sideways on Wednesday as holders gauged its near-term direction amid elevated crypto market liquidity. Notably, over the past week, the cryptocurrency slipped nearly 9% as intensi

Cardano (ADA) traded sideways on Wednesday as holders gauged its near-term direction amid elevated crypto market liquidity. Notably, over the past week, the cryptocurrency slipped nearly 9% as intensified selling across the broader crypto market weighed on the token, despite a period of relative stability midweek. Meanwhile, according to analyst Crypto Patel, the current valuation of ADA may significantly undervalue its long-term potential.In a post on X, the analyst highlighted the asset's regulatory positioning and long-term technical structure as reasons for optimism. "ADA just got classified as a commodity and it's still 90% down from its all-time high," he wrote.Additionally, analyst Javon Marks noted that the cryptocurrency's technical setup appears to be forming a strong base similar to conditions observed during previous market cycles. According to the analyst, the Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, suggests that ADA could be preparing for another major upward movement.He explained that the current price structure resembles the early stages of past rallies, where the asset first formed a solid support zone before launching into an extended bullish run. "ADA, per its previous run and MACD, looks to be setting up a huge base/support again for another huge upside move," he said. However, not all analysts are convinced that the bullish case will play out immediately, and caution that ADA must first find firm footing at key support levels before any sustained recovery can take hold. Nevertheless, analyst AltCryptoGems noted that the asset is currently testing an important support zone. According to him, traders should remain cautious in the near term until the

market confirme a stronger recovery "ADA is kind

Cardano (ADA) traded sideways on Wednesday as hold

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Claim1,200 USDT in the Monthly Creation Challenge Trump’s $1.5T Defense Surge and Iran Escalation Shake Global Markets A sharp pivot in geopolitical rhetoric has sent tremors through global financial 

Trump’s $1.5T Defense Surge and Iran Escalation Shake Global Markets
A sharp pivot in geopolitical rhetoric has sent tremors through global financial markets. President Trump’s recent national address, characterized by a stern warning that Iran could be returned to the “Stone Age,” effectively dismantled the brief optimism of earlier de-escalation reports. This shift triggered an immediate rally in energy prices, with West Texas Intermediate (WTI) crude surging 11% to $111 per barrel.
The volatility extended beyond commodities. While defense and aerospace sectors—bolstered by a proposed $1.5 trillion defense budget for fiscal year 2027—saw sustained interest, broader indices like the Dow and S&P 500 closed lower. Risk-off sentiment also permeated the digital asset and precious metals space; Bitcoin slipped toward $67,000, and gold futures fell nearly 3% as a strengthening U.S. dollar and cooling rate-cut expectations weighed on prices.
Market Prediction
Market analysts predict a period of sustained volatility as investors digest the implications of the largest military spending increase since World War II. If the $1.5 trillion budget faces a smooth path through Congress, defense stocks are expected to decouple further from the broader market. However, should Iran tensions escalate into a direct blockade of the Strait of Hormuz, predictions suggest oil could test the $130 range, potentially forcing a defensive "flight to quality" that may eventually stabilize gold, even as speculative assets like Bitcoin remain under pressure.


Trump’s $1.5T Defense Surge and Iran Escalation

BASED: Hyperliquid’s On-Chain Super App

USD/JPY edged higher on Thursday as dollar firmed after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end. Trump said in a prime-time address that the U.S

USD/JPY edged higher on Thursday as dollar firmed after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end. Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending. Trump said the United States does not need the key oil gateway and that it will open naturally once the conflict is over.. Attention will now turn to Friday's U.S. non-farm payrolls report. The market is looking for a 60,000 rise in jobs for March, according to economists.. The Japanese yen traded weaker at 159.25, but it was still away from the psychologically important 160 level that is viewed as the line in the sand for intervention by Japanese authorities. Immediate resistance is located at 160.32 (23.6%fib), any close above will push the pair towards 160.87 (Higher BB). Support is seen at 158.99 (SMA 20) and break below could take the pair towards 157.95(38.2%fib). Recommendation: Good to buy around 159.20, with stop loss of 158.040 and target price of 159.90 Gold is meant to be a 'safe haven' in uncertain times. Why is it crashing amid a war?Wall Street Slides as Iran War Uncertainty, Oil Surge, and Al Fears Rattle MarketsSpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 BillionStagflation Shadows: U.S. Manufacturing Shines as Services Slump to 11-Month LowScarcity and Strife:

Bitcoin Hits Historic Milestone Amid Geopolitical TremorsStrategy's Multi-Billion Dollar Bitcoin Accumulation: A 2026 Milestone

USD/JPY edged higher on Thursday as dollar firmed

Institutional caution persists despite recent accumulationGuess BTC Price, Share 540M HTX!HTX Community Spring Creation Contest7 Days of Check-ins to Unlock a 10x Airdrop Flows from U.S. Spot investor

Institutional caution persists despite recent accumulation

7 Days of Check-ins to Unlock a 10x Airdrop



Flows from U.S. Spot investors closed on the 1st of April with a net outflow of approximately $7.10 million, reflecting continued caution among traditional market participants.

Although relatively small, this outflow aligns with a broader pattern of hesitation, even after a recent accumulation phase between the 31st of March and the 1st of April, during which investors added roughly $36.13 million in ETH exposure.

This contrast highlights a key market divide. While crypto-native participants and regional investors continue to position for upside, institutional capital remains measured, reacting more directly to macro uncertain

The session close on the 2nd of April will be critical in determining direction.

A return to net inflows would signal renewed confidence among traditional investors, while continued outflows would confirm that institutional capital remains on the sidelines—even as localized demand attempts to stabilize price action.



Institutional caution persists despite recent accu

The anticipated covenants++ hard fork will not be May 5th but about a month later. No dates given are ever absolute. Much testing and research is always involved which can always push things back. Sta

Guess BTC Price, Share 540M HTX!HTX Community Spring Creation Contest7 Days of Check-ins to Unlock a 10x AirdropA heated discussion is emerging within the XRP community over whether global banks could

A heated discussion is emerging within the XRP community over whether global banks could truly adopt XRP and trigger its next explosive rally—despite Ripple’s gargantuan token holdings.Widely-followed crypto analyst Mason Versluis sparked the debate on X, pointing out that if XRP’s price were to skyrocket to sky-high prices, Ripple—which sits on roughly 38 billion token holdings—could rise to become one of the most powerful financial forces globally. “Do we really think banks want to make that happen for the Ripple company’s story? Versluis asked XRP fans.He stressed that global banks operate with caution, noting that adopting a crypto asset like XRP requires careful evaluation not only of the technology itself but also of its market structure, token distribution, and overall public perception. Banks assessing XRP would weigh multiple factors, particularly Ripple’s substantial control over the token supply.The real question is whether XRP’s speed and low-cost cross-border utility are powerful enough to make banks ignore Ripple’s massive token stash?Ripple’s combined holdings—33.5 billion tokens in escrow and 5 billion in a spendable wallet, totaling 38.5 billion XRP—highlight the scale of its position. At a hypothetical price of $30 per XRP, those holdings would be valued at a staggering $1.14 trillion, compared to a current estimated value of about $51.3 billion.Simply put, XRP’s price surge could hand Ripple massive financial power—something rivals may not welcome. Versluis warns investors to stay grounded, rethink assumptions, and avoid getting swept up in overly bullish hype.Genuine question for hardcore $XRP holders:Why would global banks choose to use XRP and in turn, potentially boost its price through the roof, when Ripple holds 34B tokens?If it goes to the wild prices everyone yaps about, Ripple would be the most valuable financial…“Yeah, th

A heated discussion is emerging within the XRP com

Guess BTC Price, Share 540M HTX!edgeX: Sub-10ms Global DeFi LayerFor the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within

For the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within the period. Despite the lack of direction in price, selling activity has continued across the market, effectively putting robust pressure on the leading cryptocurrency asset.

Persistent Selling Activity Weighs on Bitcoin
While the Bitcoin price is moving sideways, investors are steadily reacting negatively to the performance. During the period of indecision, selling pressure is persistently building underneath the surface, suggesting growing uncertainty among investors.

According to the report from CryptoQuant, a leading on-chain data analytics platform, the selling pressure is being driven by major BTC players rather than retail holders. The constant distribution from key market players raises the possibility that underlying sentiment is more brittle than it seems.

CryptoQuant’s report began with the Bitcoin Spot Demand, which remains in deep contraction despite accelerating Exchange-Traded Fund (ETF) and Strategy purchases. After examining the 30-day apparent demand, the platform highlighted that the chart is showing a positioning at -63,000 BTC, indicating that broader market selling pressure is still outweighing institutional accumulation.

At the same time, large Bitcoin investors or whales holding between 1,000 BTC and 10,000 BTC have turned net distributors. This wave of selling is indicated on the 1-year change in whale holdings, which has declined from +200,000 BTC to -188,000 BTC today.


Source: Chart from CryptoQuant on X
Currently, this is one of the most aggressive large-holder distribution cycles on record, spanning between the 2024 bull market peak and March 2026. As selling activity reaches this level, the trend is likely to influence the asset’s price, potentially causing a more decisive move lower.

The selling pressure from large holders has 

For the past few days, the price of Bitcoin has be

Guess BTC Price, Share 540M HTX!HTX Community Spring Creation Contest7 Days of Check-ins to Unlock a 10x AirdropTrusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Treasury on Wednesday published a notice of proposed rulemaking (NPRM) that launches the administration’s first formal effort to implement the GENIUS Act, the new federal law governing payment stablecoins that was signed by President Donald Trump last year.The NPRM is the Treasury’s initial regulatory proposal to give effect to the statute’s requirements and solicits public comment on how the department intends to apply the law. GENIUS Act’s Proposed RulesUnder the GENIUS Act — formally titled the Guiding and Establishing National Innovation for US Stablecoins Act — Treasury is charged with setting out, through notice-and-comment rulemaking, high-level principles for assessing whether a state regulatory regime is “substantially similar” to the federal framework. The department’s 87-page proposed rule explains how it expects federal and state authorities to interact under the new regime and identifies matters on which Treasury seeks input from stakeholders.Related Reading: Crypto Market‑Structure Bill Now A Long Shot — TD Cowen Puts 2026 Approval At One‑ThirdTreasury’s proposal signals that it anticipates states will look to federal guidance, including standards the Office of the Comptroller of the Currency (OCC) has proposed, when deciding how prescriptive their own rules should be.  The NPRM cites the OCC’s approach, which the OCC says is intended to be flexible and calibrated to the nature, scope, and risks posed by a permitted payment stablecoin issuer’s activities. Treasury’s draft leaves room for states to adopt principles-based requirements, indicating that state regulators will have discretion to design standards for issuers who qualify under a state regime. The ultimate effects will depend on the specific content of each state’s regulato

Trusted Editorial content, reviewed by leading ind

Guess BTC Price, Share 540M HTX!HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Crypto Volatility Builds as Iran-US Risks Escalate According to Mohammad Bagher Q

Crypto Volatility Builds as Iran-US Risks Escalate

According to Mohammad Bagher Qalibaf, 7 million Iranians are prepared to engage in a fight against an invasion by the US.

Iran threatens 18 US technology giants allegedly connected to anti-Tehran activities.

Regional incidents in Iraq and Saudi Arabia add to the geopolitical strain.

Iran-US tensions are rising again, and crypto traders are back in a headline-driven market. Fresh statements from Tehran, new warnings aimed at major US technology firms, and wider regional incidents are increasing uncertainty across risk assets.

As headlines shift, traders are cutting risk and closing leveraged positions, causing crypto prices to swing quickly amid fears of conflict, oil shocks, and possible escalation.



Crypto Volatility Builds as Iran-US Risks Escalate

嘿，我注意到2025年5月10日比特币价格出现了一些剧烈波动。你知道是什么导致了这些波动吗？只是市场的正常疯狂，还是有什么具体的事情发生，让大家在买卖上有点疯狂？

嘿，我注意到2025年5月10日<a data-auto-add="True" href="/zh-cn/tokens/btc/" rel="noopener noreferrer" target="">比特币</a>价格出现了一些剧烈波动。你知道是什么导致了这些波动吗？只是市场的正常疯狂，还是有什么具体的事情发生，让大家在买卖上有点疯狂？

为什么比特币价格在2025年5月10日波动？

币圈百科问答

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为什么比特币价格在2025年5月10日波动？

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