At the opening of the US stock market, the Dow Jones Industrial Average rose 0.45%, the Nasdaq rose 0.43%, the S&P 500 index rose 0.31%, cryptocurrency concept stocks rose generally, COIN rose 6.01% within the day, and HOOD rose 7.59% within the day.
The Hyperliquid Policy Research Center has released a report stating that perpetual futures can expand market risk management tools and improve price discovery efficiency without causing negative impacts on traditional futures markets. Research has found through analyzing data on Bitcoin and on chain WTI crude oil perpetual contracts that perpetual contracts can reduce hedging costs, and the median trading size of on chain crude oil perpetual contracts is approximately $1300, which is about 1/100 of traditional WTI futures. The perpetual market provides effective price discovery during the closure period of traditional markets, and the spread of WTI futures market has narrowed after reopening.
