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Crypto

Crypto industry urges U.S. to formalise oil and gas perpetual futures, 24/7 trading

Hyperliquid Policy Center (HPC) and crypto products operator TradeXYZ urged U.S. regulators to create a framework to allow oil and natural gas perpetual futures and 24-hour, seven-day trading in regulated markets. In a joint submission to the Commodity Futures Trading Commission, they also asked regulators to recognise stablecoins and tokenised real-world assets as margin and to approve on-chain infrastructure for trading, clearing and settlement.

Crypto

Bitcoin breaks above $72,500 mark, boosting hopes of return to bull market

Bitcoin climbed above $72,500, hitting its highest level in 11 weeks. It rose more than 4 percent on the day after retesting $71,000 and reaching around $72,800. The move came as renewed U.S.-Iran tensions affected markets, with U.S. stocks opening lower and oil prices jumping. Some analysts said it is still uncertain whether the rebound marks a return to a bull market, while on-chain indicators showed modest demand improvement.

Crypto

Hormuz Strait reopening hopes lift S&P 500 to record high, bitcoin stays rangebound

Bitcoin regained the $64,000 level and extended modest gains as oil prices tumbled and risk appetite improved on hopes of easing U.S.-Iran tensions and a possible deal to reopen the Strait of Hormuz. U.S. stocks rose, with the S&P 500 hitting a record high. Bitcoin’s advance was capped near its 21-day moving average, though on-chain data showed accumulation. Markets are watching the Hormuz talks and how lower oil may affect September Fed rate expectations.