Wall Street's existential crisis over perpetual futures — the 24/7 security on steroids — just got urgent
Perpetual futures (perps), 24/7-traded derivatives, are growing rapidly, raising concerns among traditional exchanges like CME Group and Cboe. President Trump's comments hint at potential CFTC regulation for Hyperliquid, a decentralized perp trading platform. Perps track various assets, offer high leverage, and threaten traditional exchanges' revenue streams. Hyperliquid's HYPE token has surged 196% this year, and major players are preparing for related derivatives. CME's CEO Terry Duffy has cri








