
Wall Street’s fight with Hyperliquid could decide who controls 24/7 markets
CME and ICE are building 24/7 markets, but Hyperliquid’s oil-linked perps are forcing Washington to decide who gets to run them.

Bond yields and oil are already near stress levels, but a 2008-style break still needs confirmation from credit spreads, volatility, and financial conditions before Bitcoin faces its real macro test.

Higher US yields are weakening institutional demand while stablecoins and tokenized Treasurys attract cautious crypto capital.

Record demand for leveraged ETFs shows investors are rushing back into risk, but hotter inflation and fading Fed rate-cut hopes could decide whether Bitcoin breaks through resistance or gets rejected.

Disclosures show exposure to Coinbase, MARA and Strategy as the administration pushes a friendlier framework for digital assets.

Clarity Act faced a gauntlet of last-minute objections over national security, stablecoin yields, and Trump's personal wealth.

Proponents of the CLARITY Act are now targeting a July 4 desk signing by President Trump for the monumental legislation.



