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perpetual

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Статьи
Новости

first_img Мнение: Binance захватывает рынок RWA perpetual, цена HYPE может оказаться под давлением

Согласно отчету Cointelegraph, руководитель исследований CoinMarketCap Элис Лю в программе Trade Secrets Cointelegraph заявила, что биткойн, возможно, достиг дна, и в ближайшее время вряд ли снова упадет до низких уровней, на которых он находился большую часть года.Она отметила, что в июне биткойн упал до примерно 59 000 долларов, что на 53% ниже исторического максимума в 126 100 долларов 10 октября, в то время как в начале сентября биткойн достигал 81 600 долларов, увеличившись примерно на 28% с середины августа, что способствовало росту индекса страха и жадности CoinMarketCap в зону жадности.Говоря о Hyperliquid, Лю отметила, что активность в сети не обязательно приводит к росту цен на токены. Она наблюдала, что в последние два месяца торговля бессрочными контрактами на токенизированные акции, ETF и индексы RWA в основном проводилась на Hyperliquid, но после запуска бессрочных контрактов RWA на Binance объем торгов и ликвидность быстро переместились, и Binance заняла около 50% доли рынка, хотя в области DEX Hyperliquid по-прежнему сохраняет лидерство.HYPE недавно достиг исторического максимума в 86 долларов, Hyperliquid уже потратила более 400 миллионов долларов на выкуп токенов, часть ценового импульса поддерживается выкупом, но цена HYPE зависит от постоянного притока сетевых доходов для поддержки выкупа, что является ключевым моментом наблюдения.

SoFi becomes the first national bank in the U.S. to offer bank-issued stablecoins to retail users, Coinbase receives CFTC approval to launch crypto perpetual contracts, Sequans announces a complete exit from its Bitcoin reserve strategy, currently holding 658 BTC

According to BBX data, yesterday the intertwining news of traditional finance's entry into cryptocurrency and corporate reserve exits presented the following core dynamics:SoFi Technologies, Inc. (NASDAQ: $SOFI) announced through a BusinessWire official press release that its SoFiUSD stablecoin has officially opened to approximately 14.7 million members within the SoFi app, supporting buying, selling, holding, and conversion, becoming the first national bank in U.S. history to embed its own stablecoin within a banking app (the issuer is SoFi Bank, N.A., regulated by the OCC). SoFiUSD (on-chain code SOFID) is pegged 1:1 to the U.S. dollar and can be used on the Ethereum and Solana networks, with reserves backed by liquid assets and subject to regular independent CPA audits; in the coming weeks, tokenized deposits and 24/7 cross-border transfer functions will be launched, and an institutional trading channel will be opened in collaboration with Bullish exchange. SoFi CEO Anthony Noto stated, "Users no longer have to choose between blockchain technology and regulated bank products." The company's Q1 2026 crypto trading revenue reached $121.6 million, with a net income of approximately $852,000 after costs; SoFiUSD is not insured by FDIC or SIPC, does not constitute legal tender, and on-chain transactions are generally irreversible.Coinbase Global, Inc. (NASDAQ: $COIN) and the prediction market platform Kalshi announced that the two platforms have received approval from the CFTC to launch cryptocurrency perpetual contract products for U.S. customers, becoming the first exchanges approved to offer such products within the U.S.; this move by the CFTC officially brings perpetual contracts from a regulatory gray area into the federal derivatives legal framework, and a policy statement was released simultaneously, indicating that future applications for perpetual contracts in other asset classes will be reviewed on a case-by-case basis. In 2025, the global trading volume of cryptocurrency perpetual contracts reached $61.7 trillion (up 29% year-on-year, according to CryptoQuant data), and the U.S. previously lacked regulated domestic trading venues. This approval is expected to drive a significant amount of institutional and retail funds back from offshore platforms to compliant channels in the U.S., with several other exchanges expected to follow suit with applications.Sequans Communications S.A. (NASDAQ: $SQNS) CEO Georges Karam clearly announced during the recent Q1 2026 earnings call that the company has completely terminated its previously initiated Bitcoin treasury reserve strategy. The company began its cryptocurrency layout in June 2025, raising approximately $384 million through debt and equity financing, and quickly accumulated 3,000 BTC by the end of July 2025; however, the crypto market crash in October 2025 triggered the company to deleverage, selling 970 BTC in November 2025 and another 1,025 BTC in Q1 2026; as of now, it holds approximately 658 BTC (completely debt-free, worth about $46.8 million), and the company stated it will gradually liquidate over time, with all funds returning to its core chip business. Sequans is an IoT/5G semiconductor company, and this case is one of the most significant "failed corporate Bitcoin reserve strategy cases" in 2026.

Solana officially stated that it will vigorously promote the construction of fully on-chain perpetual contracts, aiming to become the world's strongest on-chain financial derivatives infrastructure

Solana's official announcement "Building Fully On-Chain Perpetual Contracts on Solana" aims to vigorously promote the ecological construction of fully on-chain perpetual contracts (Perps) in the future, with the goal of making Solana the world's strongest on-chain financial derivatives infrastructure. Currently, the trading volume of crypto derivatives is mainly concentrated on centralized trading platforms or hybrid models that rely on off-chain matching engines, which Solana believes is a transitional phase. It hopes to make a truly fully on-chain derivatives market a reality through the characteristics of high-performance blockchain—where all processes such as order submission, price updates, matching, and clearing are completed on-chain, while maintaining institutional-level speed and low costs.The Solana Foundation will provide funding, technical support, and resource allocation, focusing on supporting projects that meet the following criteria: fully on-chain execution, price discovery based on real bilateral liquidity (rather than purely pool pricing), Solana priority with revenue flowing back on-chain, teams with derivatives experience, and core code being open source. It also welcomes the co-construction of surrounding infrastructure such as front ends, aggregators, vaults, and market-making tools.
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