The Robinhood Chain memecoin's slide has erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders.
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The venue's HIP-3 markets for stocks, commodities and indices first topped its native crypto volume on July 8 and have led on several trading days since — though they fade on weekends, and single-name stocks alone still trail crypto
The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.
The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.
Perpetual futures and Hyperliquid’s blockchain infrastructure are expanding into traditional asset classes with around-the-clock trading, according to Pantera Capital.