BTC $78,472.53 -1.24%
ETH $2,475.36 -0.61%
BNB $759.97 +2.05%
XRP $1.39 -1.29%
SOL $102.72 -1.76%
TRX $0.3380 +0.46%
DOGE $0.0889 -0.70%
ADA $0.2168 -0.55%
BCH $254.98 -0.33%
LINK $12.63 -4.83%
HYPE $83.94 -2.99%
AAVE $130.59 -2.09%
SUI $0.8110 +0.28%
XLM $0.1890 -0.26%
ZEC $1,120.63 -5.15%
BTC $78,472.53 -1.24%
ETH $2,475.36 -0.61%
BNB $759.97 +2.05%
XRP $1.39 -1.29%
SOL $102.72 -1.76%
TRX $0.3380 +0.46%
DOGE $0.0889 -0.70%
ADA $0.2168 -0.55%
BCH $254.98 -0.33%
LINK $12.63 -4.83%
HYPE $83.94 -2.99%
AAVE $130.59 -2.09%
SUI $0.8110 +0.28%
XLM $0.1890 -0.26%
ZEC $1,120.63 -5.15%

perl

All
Article
Flash

first_img Silhouette launches the xStocks inquiry trading system on Hyperliquid

According to The Block, Hyperliquid's block trading layer Silhouette launched its Request for Quote (RFQ) trading system on the mainnet on Tuesday, initially supporting tokenized stocks from Payward's tokenized stock framework xStocks. Silhouette stated that the system allows traders to initiate quote requests for any supported xStock and receive competitive quotes from connected market makers, with winning trades able to settle on-chain at any time and in any size.The RFQ system enables trading of supported xStocks without a dedicated order book, and tokens that generate sufficient trading activity can subsequently be upgraded to an independent HyperCore market. Silhouette founder Chandler De Kock mentioned that while tokenized stocks continue to go on-chain, they mostly lack trading venues, and market makers compete for each trade, with settlement completed on-chain, proving that assets with real liquidity will be upgraded to their own HyperCore market.xStocks was launched in June 2025 and is said to have processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. The platform issues publicly listed stock tokens pegged 1:1, and its business has expanded from U.S. stocks to European and Asian markets. RWA.xyz data shows that the existing tokenized stocks amount to approximately $2.53 billion, with xStocks accounting for about $620.1 million, ranking as the third-largest issuer, following Ondo (approximately $856.3 million) and bStocks (approximately $621.5 million).

first_img North Korean hackers transfer tens of millions of dollars at Hyperliquid, Trump promotes platform's entry into the U.S

According to Arkham blockchain data, wallets associated with the North Korean state-sponsored hacking organization Lazarus Group have sold over $30 million in Bitcoin on the decentralized perpetual contract trading platform Hyperliquid in the past three weeks, using the proceeds to purchase Ethereum and Solana, which were then transferred to centralized exchanges such as Kraken, LBank, and KuCoin. Kraken responded that it maintains an industry-leading compliance program, continuously monitoring on-chain activities to identify and block assets related to sanctioned wallets; LBank and KuCoin stated that the associated risks are a continuing challenge faced by the industry as a whole and emphasized that publicly available on-chain data may not reflect compliance measures at the platform level.At this time, the Trump administration is exploring ways to incorporate Hyperliquid into the regulated U.S. financial system. Trump stated earlier this month at a White House event that the chairman of the Commodity Futures Trading Commission, Mike Selig, is developing a path to bring Hyperliquid into the U.S. in a fully compliant and legal manner. According to Bloomberg, Kraken's parent company Payward is in deep negotiations with Hyperliquid Labs to offer perpetual contracts to U.S. traders.Hyperliquid is the leading platform in the decentralized perpetual contract space, allowing users to trade directly from their crypto wallets without the need for traditional brokerage accounts or KYC checks. According to DefiLlama data, its cumulative perpetual contract trading volume has exceeded $5 trillion, with current open contracts of approximately $13.3 billion.
app_icon
ChainCatcher Building the Web3 world with innovations.