CryptoPotato

Regulatory Showdown: Hyperliquid and Multicoin Demand Unified Rules for Prediction Markets

July 28, 202606:47 AM
Regulatory Showdown: Hyperliquid and Multicoin Demand Unified Rules for Prediction Markets

In a decisive move to combat regulatory ambiguity, Hyperliquid and Multicoin Capital have filed a joint petition with the CFTC. The filing advocates for federal oversight but demands a unified rulebook for prediction markets to ensure industry-wide consistency and legal certainty.

The core of the demand focuses on transparency, specifically asking the CFTC to clarify settlement tests and mandate the publication of detailed reasoning following every contract review. This push for accountability aims to prevent arbitrary enforcement and create a stable environment for the next wave of institutional adoption in decentralized finance.

Key demands include a formal clarification of settlement tests and a requirement for the CFTC to publish its specific reasoning after reviewing any contract. By seeking this level of transparency, the industry leaders hope to establish a predictable framework that fosters innovation rather than stifling it through opaque regulatory decisions.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at CryptoPotato
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

The AI Identity War: Hush Security Secures $30M to Govern Non-Human Agents
Crypto Briefing★ Featured

The AI Identity War: Hush Security Secures $30M to Govern Non-Human Agents

Hush Security has successfully raised $30 million to tackle the escalating crisis of AI agent governance. As the digital landscape shifts toward automation, the demand for securing non-human identity is skyrocketing, making robust identity management a cornerstone of modern digital ecosystems.

This massive funding round underscores a critical pivot in cybersecurity: the move toward managing autonomous entities. By addressing the vulnerabilities inherent in AI agent governance, Hush Security is building the necessary guardrails to prevent systemic failures in an increasingly automated global economy.
Sen. Jon Husted Backs the CLARITY Act—But the Odds of Passage in 2026 Slip to 30%
Bitcoin.com

Sen. Jon Husted Backs the CLARITY Act—But the Odds of Passage in 2026 Slip to 30%

Intel Brief: U.S. Senator Jon Husted (R-OH) publicly backed the Digital Asset Market Clarity Act (CLARITY Act) on July 28, saying the bill is essential for maintaining U.S. leadership in digital assets. Still, the legislation’s odds of becoming law in 2026 have slipped to just 30%, underscoring how fragile the path to passage remains.

Husted’s support adds to the chorus of Senate backers, but the political runway is narrowing. With the CLARITY Act’s future uncertain, the broader push for clear cryptocurrency regulation, market rules, and a more predictable framework for digital asset oversight continues to hinge on timing, negotiations, and legislative momentum—factors that will shape the sector’s expectations well beyond 2026.
Hyperliquid Chaos: SK Hynix Perpetuals Hit by Massive $900 Flash Crash
CoinDesk★ Featured

Hyperliquid Chaos: SK Hynix Perpetuals Hit by Massive $900 Flash Crash

A violent flash crash struck perpetual futures tied to South Korean chipmaker SK Hynix on the Hyperliquid platform, causing a staggering 20% plunge in just sixty seconds. The sudden price drop sent the asset down to the $900 level, triggering immediate concern regarding market stability.

Following the rapid descent, the market staged a swift recovery, rebounding to trade above $1,000. This volatility underscores the inherent risks of trading perpetual futures in decentralized environments and the intense price action often seen in highly leveraged crypto-linked assets.
Kenya Slash Stablecoin Capital Rules by 40% to Invite Global Issuers
Bitcoin.com★ Featured

Kenya Slash Stablecoin Capital Rules by 40% to Invite Global Issuers

Kenya's National Treasury has executed a major regulatory pivot, slashing the minimum paid-up capital requirement for stablecoin issuers by 40%. The new threshold, set at approximately $2.32 million, is a calculated move to lower entry barriers and stimulate the country's rapidly expanding crypto market.

By easing these financial requirements, the Central Bank of Kenya is positioning the nation to attract major global issuers looking for strategic entry points into the African continent. This regulatory shift is expected to drive liquidity and foster greater integration of stablecoins within the local digital economy.
Crypto Trading Slump: BitMEX and BitMart at Risk as Volumes Hit 2-Year Low
CoinDesk★ Featured

Crypto Trading Slump: BitMEX and BitMart at Risk as Volumes Hit 2-Year Low

The crypto market is witnessing a massive liquidity drought, with trading volumes across major centralized exchanges plummeting to $1.05 trillion. This marks the quietest stretch of activity for the digital asset market in over two years, raising alarms that BitMEX and BitMart could be the first casualties of this sudden trading slump.

This significant contraction in trading volumes poses a direct threat to the business models of centralized platforms that rely heavily on transaction fees. As the digital asset market enters this period of stagnation, the industry faces a critical test of resilience for its most established players.
Legal Win: Judge Blocks Minnesota Ban on Prediction Markets
Decrypt★ Featured

Legal Win: Judge Blocks Minnesota Ban on Prediction Markets

A major legal victory has arrived for the prediction market industry. A judge has blocked a Minnesota mandate aimed at banning platforms like Kalshi and Polymarket, providing a critical shield against sweeping state-level restrictions on event-based trading.

The ruling hinges on a technical distinction regarding whether prediction contracts qualify as 'swaps' under federal law. By finding that not every contract meets this definition, the judge has cleared a path for prediction markets to continue operating while navigating the complex landscape of federal regulation and financial compliance.
Jornal Bitcoin Logo