Reclassifying XRP as a commodity could reshape regulatory frameworks, influencing future crypto asset classifications and market dynamics. The post SEC considers classifying XRP as commodity in settlement talks with Ripple appeared first on Crypto Briefing.

SEC considers classifying XRP as commodity in settlement talks with Ripple

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Local media reported that Hayden David, who was involved in the creation of 
Libra, the utility coin shared by President Javier Milei of Argentina, might 
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Libra Update: Interpol Red Notice Request Arises While Funds Remain in Motion

Hyperliquid, a blockchain network specializing in trading, has increased 
margin requirements for traders after its liquidity pool lost millions of 
dollars during a massive Ether (ETH) liquidation, the network said.
On March 12, a trader intentionally liquidated a roughly $200 million Ether 
long position, causing Hyperliquid&#8217;s liquidity pool, HLP, to lose $4 million, 
unwinding the trade.
Starting March 15, Hyperliquid will begin requiring traders to maintain a 
collateral margin of at least 20% on certain open positions to &#8220;reduce the 
systemic impact of large positions with hypothetical market impact upon 
closing,&#8221; Hyperliquid said in a March 13 X post.
The incident highlights the growing pains confronting Hyperliquid, which has 
emerged as Web3&#8217;s most popular platform for leveraged perpetual trading.
_Hyperliquid has adjusted margin requirements for traders. 
Source:__Hyperliquid_
Hyperliquid said the $4 million loss was not from an exploit but rather a 
predictable consequence of the mechanics of its trading platform under extreme 
conditions.
&#8220;[Y]esterday&#8217;s event highlighted an opportunity to strengthen the margining 
framework to address extreme conditions more robustly,&#8221; Hyperliquid said.
These changes only apply in certain circumstances, such as when traders are 
withdrawing collateral from open positions, Hyperliquid said. Traders can 
still take on new positions with up to 40 times leverage.
Perpetual futures, or &#8220;perps,&#8221; are leveraged futures contracts with no expiry 
date. Traders deposit margin collateral &#8212; typically USDC (USDC) for 
Hyperliquid &#8212; to secure open positions.
By withdrawing most of his collateral and liquidating his own position, the 
trader effectively cashed out of his trade without incurring slippage &#8212; or 
losses from selling a large position all at once.
Instead, those losses were borne by Hyperliquid&#8217;s HLP liquidity pool.
_Hyperliquid &#8216;s HLP has more than $350 million in TVL. Source: __DeFiLlama_
 _**Related:**__**Crypto market liquidations likely reached $10B &#8212; Bybit 
CEO**_
## Leading perps exchange
As of March 13, HLP has a total value locked (TVL) of approximately $340 
million sourced from user deposits, according to DefiLlama.
Launched in 2024, Hyperliquid&#8217;s flagship perps exchange has captured 70% of 
the market share, surpassing rivals such as GMX and dYdX, according to a 
January report by asset manager VanEck.
Hyperliquid touts a trading experience comparable to a centralized exchange, 
featuring fast settlement times and low fees, but is less decentralized than 
other exchanges.
As of March 12, Hyperliquid has clocked approximately $180 million per day in 
transaction volume, according to DefiLlama.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

Hyperliquid ups margin requirements after $4 million liquidation loss

In the ongoing debate over Bitcoin’s market trajectory, two prominent crypto 
analysts have shared contrasting viewpoints on X, underscoring the community’s 
divided sentiment. While one maintains that a drastic downturn remains 
possible, the other posits that the worst of the market downturn has already 
passed—citing a notable 87.5% probability. Bitcoin Bears In Trouble? Crypto 
analyst Doctor Profit (@DrProfitCrypto) posted on X and laid out two potential 
paths for Bitcoin: “There are two scenarios: A) Bottom to be 68-74k region in 
normal market, B) Full crash towards 50k in Black Swan event.” He did not 
provide a specific probability for either outcome but emphasized that a Black 
Swan event—a term used to describe a rare, unexpected event that can 
drastically impact markets—cannot be ruled out. While noting that such an 
extraordinary downturn was previously unlikely, he now concedes that recent 
shifts in the macro landscape may leave room for it:“Take your bets, I would 
say that a Black Swan event was very unlikely in the last few months, but ask 
me now, I would not rule it out, rather welcome it.” Related Reading: Bitcoin 
Teeters On The Edge: Will This Pivot Hold Or Collapse? In direct contrast, 
crypto analyst Astronomer (@astronomer_zero) responded with a more bullish 
outlook, asserting that the bottom is already behind us. He referenced a track 
record of Bitcoin price reversals around Federal Open Market Committee (FOMC) 
meetings, claiming it works “14 out of 16 times,” or roughly 87.5% of the 
time. “Not guarantees, but an 87.5% chance, granted the chart below and all 
the confluences I already presented. So far so good.” His approach relies on 
mapping out price movements in proximity to FOMC dates, noting that markets 
often price in interest rate decisions (and related news) before official 
announcements. Astronomer’s method contends that Bitcoin typically finds local 
bottoms in a window spanning from up to five “2D bars” before an FOMC date to 
the day of the meeting itself. “All it requires is flip on a daily (or 2 daily 
in my case to keep the chart clean) timeframe, plot out all the dates FOMC 
meeting appeared, and see what price did. This shows that indeed price tends 
to reverse when time is nearing into FOMC. The caveat is that the price 
reverses before or at the very latest, right at the FOMC day,” the analyst 
writes. Related Reading: Bitcoin Shows Signs of Recovery—Is the Whale Sell-Off 
Finally Over? He points out that the next FOMC meeting is scheduled for March 
19, meaning the bottom—if the historical pattern holds—should appear no later 
than that date: “Works almost every time, 14 out of 16 times in fact (or 87.5% 
of the time)… The time difference the bottom happens versus the FOMC day is 
usually 0 to 5 2D bars before the exact date. Given the next FOMC is the 19th 
of March, that means the low is in the latest that day and the earliest the 
5th of March.” To bolster his argument, Astronomer points to what he perceives 
as “peaking fear” in the market. He views heightened pessimism and “cautionary 
posts out of nowhere” from established traders as typical signals that a 
rebound could be imminent: “Sentiment wise, fear is peaking to hilarious 
levels. Even ‘Reputable’ traders are protecting their reputation […] I don’t 
blame anyone’s methods, but I take it as a great sign of a bottom.” At press 
time, BTC traded at $83,277. Featured image created with DALL.E, chart from 
TradingView.com