Business

Oil’s war rally just hit its first real hurdle. Tokenized crude futures on Hyperliquid’s CL-USDC contract fell sharply from a high of $118 to $102.83 on Monday after the Financial Times reported that G7 finance ministers would discuss a coordinated release of emergency oil reserves through the International Energy Agency. Bitcoin rose above $67,300, reversing

Crude oil just had its biggest day in history, and traders shorting or taking bearish bets on it over the weekend paid the price. Tokenized oil contracts on Hyperliquid recorded nearly $40 million in liquidations over the past 24 hours, per Coinglass, $36.9 million of which came from short positions that were wiped out like

Bitcoin is holding up better than it probably should. The biggest cryptocurrency traded at $67,378 on Monday morning, up 1.1% over the past 24 hours and largely flat on the week, while the world around it worsened sharply. Among the majors, ether rose 2.3% to $1,981, hovering just below $2,000. BNB rose 1.4% to $624.

Every revolution eventually becomes the establishment. What began as crypto’s peer-to-peer challenge to the global financial order is quickly being absorbed into the traditional fold, its anti-elite spirit traded with the legitimacy of spot ETFs, institutional custody and the very banking frameworks it was built to bypass. This is a familiar arc. Throughout history, every