Crypto

Alabama legalises DUNA nonprofit structure similar to DAOs, allows smart contract operations

Alabama has granted legal status to a nonprofit organisational structure similar to a decentralised autonomous organisation, or DAO. Governor Kay Ivey (케이 아이비) signed SB 277, the Decentralized Unincorporated Nonprofit Association Law. The bill defines a Decentralized Unincorporated Nonprofit Association, or DUNA, and sets a framework allowing such groups to operate and govern using blockchain technology and smart contracts.

Crypto

Hyperliquid nears 6 percent share of global perpetual futures trading

Decentralised perpetual futures trading platform Hyperliquid nearly reached a 6 percent share of total perpetual futures trading volume in March, The Block reported. Its share rose sharply from about 3.5 percent a year earlier. Hyperliquid’s monthly trading volume was close to $200 billion, while centralised exchanges process more than $3 trillion in monthly perpetual futures trading. The Block said Hyperliquid has also expanded into non-crypto assets, including commodities such as crude oil traded around the clock.