Evening Edition
Fri, May 29, 2026, 8:58 PM
The CFTC just green-lit the first U.S. perpetuals, Hyperliquid’s native USDC vault tops $8 B, and James Wynn’s public breakdown continues to reverberate across CT.
The Story So Far
After days of doom-posting about ETH underperforming dating apps and CT’s existential crisis, today delivers a regulatory breakthrough: the CFTC’s approval of on-shore perpetual swaps flips the script from despair to “first-mover” euphoria. Hyperliquid’s $8 B milestone shows the same protocol quietly stacking yield while headlines chased rugs and depegs. Meanwhile, James Wynn’s meltdown—first an $87 M loss, now death threats—keeps spiraling, reminding everyone that behind every moon tweet is a human who can break.
From Your Network
CFTC Approves US Perpetuals
First legally-traded perps onshore open a $2 T derivatives market to American retail and institutions.
RT @zoomerfied: [ ZOOMER ] THE CFTC APPROVES PERPS TO OPERATE AND BE OFFERED TO US USERS: FILING
Hyperliquid Vault Hits $8 B
Native USDC deposits now generate ~700 k/day in future AF buybacks, cementing HYPE as a cash-flowing DeFi darling.
hyperliquid:native has now surpassed $8 billion in USDC That's a lot of future yield from the circle deal in regards to AQAv2 for the AF buybacks. That's potentially an additional 700k+ per day in future buybacks coming on top of what it's doing today. Assuming no further growth. Big dips if given, are for adding to the winners
Trending
James Wynn Breaks Down Publicly
After the $87 M rug fallout, threats and doxxing push the influencer to the edge—raising mental-health alarms in CT.
Lost my brain in this process. Made everything, lost everything, been given death threats, location and face doxxed. Started from nothing. In recent months my mum decided to take her life. When I lost the $87m it killed me inside. I was the hero on the way up. And people laughed on my way down. Never knew human could switch like this. I don’t really have anything else to say. Other than sorry. I started out a little meme account working for communities. I’ve lost my mind in this game. And you all love to remind me. The world is evil. I’ve tried to stay strong for a long time
US Seizes $1 B of Iran Crypto
Treasury’s largest-ever crypto confiscation signals escalating sanctions enforcement and wallet-freeze risk.
[ ZOOMER ] THE US HAS SEIZED ~$1B OF IRAN’S CRYPTOCURRENCY TO DATE: BESSENT
CFTC Chair Hails Perps Milestone
Selig’s endorsement confirms bipartisan momentum to bring offshore volume back to U.S. venues.
For the first time ever, true perpetuals will trade in the USA 🇺🇸 This is a huge step forward for U.S. derivatives markets and great work by @ChairmanSelig and his team at @CFTC. More is needed to bring onchain markets onshore, but this crucial first move is one to celebrate.
X Communities Sunset Sparks Migration
Deprecation of crypto’s main gathering space opens the door for new on-chain social platforms to capture users.
X Communities are about to be deprecated, which leaves a huge void in the crypto ecosystem - and an even bigger opportunity for the future good of the space. While it’s a big loss, it also presents a huge opportunity to completely redefine what a crypto community experience looks like from scratch. And we’re doing it with all the platforms you know and love.