Hyperliquid (CRYPTO: $HYPE) is exploring a path into the U.S. perpetual futures market as its policy group presses federal regulators for rules that could bring onchain derivatives under a regulated domestic framework.
With a Senate vote on the CLARITY Act delayed, the decentralized exchange is looking for a route through existing regulatory authority rather than waiting for broader crypto legislation. Hyperliquid does not currently offer its trading platform to U.S. users.
Hyperliquid Policy Center CEO Jake Chervinsky said the goal is for regulators to interpret existing rules favourably or create new ones that would allow regulated firms to offer perpetual futures using markets built on Hyperliquid.
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The effort has already reached the Commodity Futures Trading Commission. In July, the Hyperliquid Policy Center and Phantom asked the agency to clarify that developers of onchain software should not automatically face exchange or clearinghouse registration requirements. They also urged regulators to let registered firms use blockchain infrastructure for execution, margining, clearing and settlement.
The groups argued that self-custodial markets do not fit neatly into rules written for traditional intermediaries because users retain control of their own funds. Their filing said the current framework leaves “American users” walled off from onchain derivatives while development continues offshore.
That distinction becomes more complicated as Hyperliquid moves beyond crypto-native contracts. About 32% of the platform’s second-quarter trading volume was linked to stocks and other real-world assets, potentially placing parts of the business across both CFTC and Securities and Exchange Commission jurisdiction.
Real-world asset markets have already become a larger part of Hyperliquid’s trading mix, with contracts tied to stocks and other traditional assets expanding alongside its core crypto derivatives business.
A regulated U.S. route would bring Hyperliquid closer to traditional derivatives infrastructure while preserving the self-custody model behind its onchain markets.
Hyperliquid (CRYPTO: HYPE) is currently trading at $55.80 U.S. per digital token.
The U.S. Securities and Exchange Commission was on the verge of revealing its first major rulemaking effort in the digital assets sphere, having been set to propose its “Regulation Crypto,” but the agency cancelled the Friday meeting in an end-of-day statement on Thursday.
“Due to an unforeseen scheduling issue,” the SEC is moving the meeting to “a later date,” according to a statement from an agency spokesperson.
In the absence of progress in the Senate’s Digital Asset Market Clarity Act, the legislation that would establish a legal foundation for crypto market activity in the U.S., the industry had looked to the SEC to pick up the baton. The so-called Reg Crypto is expected to open a limited framework for issuing crypto securities without triggering agency registration requirements, and also to be able to later transition out of management of the project and, as a result, out of the SEC’s regulatory radar.
The sector will instead have to sit back again and see which branch of the government delivers first: SEC or Congress.
In recent years, online casinos have surged in popularity, offering players the thrill of gambling from the comfort of their homes. However, as a novice, the world of online casinos can be overwhelming and, at times, risky. This guide aims to transform you from a novice to a pro while ensuring safe and responsible play.
Choosing a Reputable Casino
Research Licensing and Regulation
Before signing up, ensure that the online casino is licensed by a reputable authority. Look for casinos that display their license information prominently on their website.
Read Reviews and Ratings
Check out user reviews and ratings on trusted review sites. Feedback from other players can provide insights into the casino’s reliability, game offerings, and payout practices.
Understanding Games and Odds
Types of Casino Games
Familiarize yourself with different types of online casino games, including slots, table games, and live dealer games. Each game has its own rules and odds, which are essential to understand for successful play.
House Edge and RTP
Always check the house edge and return to player (RTP) percentages for different games. Games with lower house edges generally offer better chances of winning over time.
Setting a Budget
Establish a Gambling Budget
Set a clear budget for your gambling activities. Decide how much money you can afford to lose and stick to that limit, ensuring you don’t dip into funds needed for essential expenses.
Use Deposit Limits
Many online casinos allow you to set deposit limits on your account. Take advantage of this feature to control your spending and promote responsible gambling.
Implementing Safe Play Practices
Secure Your Information
Always play on secure sites that use SSL encryption. This protects your personal and financial information from potential threats.
Watch for Signs of Problem Gambling
Be aware of the signs of problem gambling, such as gambling to escape issues, lying about your gambling habits, or chasing losses. If you notice these signs, seek help immediately.
Taking Advantage of Bonuses and Promotions
Welcome Bonuses
Many online casinos offer generous welcome bonuses for new players. Make sure to read the terms and conditions attached, as they often come with wagering requirements.
Loyalty Programs
Join loyalty or VIP programs to earn points for your play, which can be redeemed for bonuses or other perks that enhance your gaming experience.
Conclusion
Transitioning from a novice to a pro in online casino play is achievable with the right knowledge and practices. By choosing reputable casinos, understanding games and odds, setting a budget, implementing safe play practices, and utilizing bonuses wisely, you can enjoy a thrilling yet responsible online gambling experience.
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Nearly two full years since “no tax on Social Security” became a presidential campaign slogan, retirees collecting benefits are still paying taxes.
Despite the passing of President Donald Trump’s signature One Big Beautiful Bill Act in July 2025, it “does not include this provision,” according to the Tax Foundation (1).
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Instead, the bill includes something much narrower: a special and temporary tax deduction spread across different income bands. And the structure of this deduction has far-reaching impacts for all taxpayers, even those who are years away from retirement or claiming benefits.
Here’s what you need to know.
Implications of the enhanced deduction for retirees
The enhanced deduction for older Americans applies to those beneficiaries above a certain age (65) and can only be claimed between 2025 and 2028, according to the IRS (2). There’s also income thresholds. The deduction phases out for taxpayers with modified adjusted gross income over $75,000, or $150,000 for joint filers.
Because of these narrow parameters, the Tax Policy Center (3) estimates that the tax reduction will “benefit fewer than half of older adults.” And even for those who qualify, they just receive a tax reduction, not elimination.
This reduction also cuts the program’s revenue by roughly $91 billion over its four-year term, according to analysis by the Joint Committee on Taxation, as cited by the Peter G. Peterson Foundation (4). This, along with several other tax cuts implemented by the OBBBA, accelerated the Social Security trust fund’s depletion to 2032, one year earlier than anticipated, according to the Bipartisan Policy Center (5).
Simply put, some beneficiaries will see their taxes reduced temporarily, but all beneficiaries could see their benefits cut over the long term, unless Congress intervenes. The Committee for a Responsible Federal Budget anticipates that retirees could face a 24% benefit reduction (6).
Until then, there are several ways to protect your wealth and retirement.
Since Social Security’s future is highly unpredictable, the best way to prepare might be to make your retirement plan less reliant on benefits in the first place. Diversifying into alternative assets that offer inflation protection, tax advantages or reliable passive income could be the smart money move.
For those worried about the government’s chronic fiscal deficits, gold could be one such safe haven. This environment of sovereign debt concerns favors the yellow metal, according to investment firm Sprott (7).
One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainty.
To learn more, you can get a free information guide that includes details on how to get up to $10,000 in free silver on qualifying purchases.
Diversify with your portfolio real estate
For those worried about passive income in retirement, rental property could be a potential solution. For example, platforms like Arrived have democratized this asset class, so you can invest as little as $100 to start collecting rental income from a robust portfolio of vacation homes and apartments.
Another platform that offers fractional ownership in blue-chip rental properties is mogul. Founded by former Goldman Sachs real estate investors, the mogul team handpicks the top 1% of single-family rental homes nationwide for you. Simply put, you can invest in institutional-quality offerings for a fraction of the usual cost.
Each property undergoes a vetting process, requiring a minimum 12% return even in downside scenarios. Across the board, the platform features an average annual IRR of 18.8%. Their cash-on-cash yields, meanwhile, average between 10% to 12% annually. Offerings often sell out in under three hours, with investments typically ranging between $15,000 and $40,000 per property.
Get some professional help
For older Americans with a relatively sizable portfolio of retirement savings, these tax and diversification strategies may need a professional touch. Managing withdrawals, minimizing tax exposure and ensuring long-term sustainability often require greater coordination and strategic planning.
In these cases, working with a financial advisor can help reduce costly mistakes.
Especially if you have a portfolio of $250,000 or more, platforms like WiserAdvisor can connect you with vetted professionals who specialize in this kind of planning.
Simply answer a few questions about your savings, retirement timeline and overall investment portfolio. From there, WiserAdvisor reviews its network to match you — for free — with up to three vetted, reputable advisors aligned with your specific needs.
WiserAdvisor is a matching service and does not provide financial advice directly. All matched advisors are third parties, and specific financial results are not guaranteed.
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Article Sources
We rely only on vetted sources and credible third-party reporting. For details, see ourethics and guidelines.
Tax Foundation (1); Internal Revenue Service (2); Tax Policy Center (3); Peter G. Peterson Foundation (4); Bipartisan Policy Center (5); Committee for a Responsible Federal Budget (6); Sprott (7)
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Tesla is making a major bet on demand from urban EV owners by planning an unusually large charging hub in San Francisco.
Plans filed with the city show that Tesla is planning for 124 V4 Supercharger stalls at 75 Waterloo Street, a triangular vehicle storage lot near the intersection of Alemany Boulevard and Bayshore Boulevard, alongside Highway 101.
The proposed station would be among Tesla’s largest globally, and a rare project of that scale inside a major city. By comparison, Tesla’s planned V4 Supercharger at 25 Mason Street, near Market Street in the city, would have 35 stalls. That permit application was submitted on May 18.
Tesla’s 124-stall Supercharger hub plan, as seen in the company’s permit application to the city of San Francisco.Â
Official Tesla Filings
Tesla’s biggest charging hubs are typically built along heavily traveled interstate corridors, where land is cheaper and demand surges during road-trip season.The hub sits at the crucial location where the 101 meets Interstate 280, which leads to the Peninsula, Silicon Valley, and San Francisco International Airport. It’s also not far from Bernal Heights and the Bayview, which have significant residential populations.
Some of Tesla’s largest charging locations include a 200-stall station in Yeehaw Junction, Florida, and a 164-stall station in Kern County, California. While the latter became fully operational in November 2025, the largest hub in Florida has yet to open.
Based on maps submitted to the city, the 124 stalls would use a conventional parking configuration rather than the pull-through stalls Tesla has introduced at some newer locations.
The plans include a roughly 416-square-foot “micro-amenity” building.Â
Official Tesla Filings
The plans indicate the station would operate around the clock and include a roughly 416-square-foot “micro-amenity” building. Sketches show that the building contains two gender-neutral, accessible restrooms with diaper-changing stations, water fountains, and vending machines, as well as space for storage, cleaning equipment, and the site’s security and IT systems. The vending area would offer coffee, hot drinks, and snacks.
The plans do not appear to include solar canopies or Tesla Megapack batteries, features used at some of the company’s other large charging hubs. Solar canopies are typically used to lower peak-demand costs and keep chargers operating during some outages.
The latest version of the application was submitted on July 29, but the project still needs to go through the city’s permitting process. No construction or opening date has been announced.
The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this effort may need to wait for the outcome of the Clarity Act.
Resistance came from traditional financial institutions as well.
SIFMA, the Wall Street trade group whose members include major broker-dealers and investment banks, has emerged as one of the main groups halting the SEC’s initiative, according to an industry source familiar with the discussions. SIFMA did not immediately respond to a request for comment.
The group’s concerns centered on how blockchain-based trading venues would fit within existing equity-market rules, particularly brokers’ obligations to seek the best execution for customers, the source said.
Under today’s market structure, Regulation NMS links prices across exchanges and generally requires brokers to execute trades at the best available protected quotation. That framework becomes less straightforward if tokenized securities trade through decentralized venues or automated market makers (AMM), where pricing and execution costs may differ from traditional exchanges.
In June, the SEC proposed eliminating Rule 611 of Regulation NMS — the so-called Order Protection Rule — a move widely viewed as removing one of the biggest regulatory obstacles to tokenized securities trading.
Liquidity in crypto does not seem to be an issue as stablecoin market cap continues to grow. This growth was spotted both chain-wise and in terms of issuers.
TRON has maintained its lead as the largest execution layer, especially for USDT, with 49.35% deployed on the network. What does this increasing stablecoin demand mean for the broader crypto?
How stablecoin market cap grew in the past week
As per data from Token Terminal, the stablecoin market cap on the TRON Network added $1 billion over the past week. That was more than tenfold the growth of any other chain during this period.
BNB Chain, Aptos [APT], and Avalanche [AVAX] followed with $85 million, $82 million, and $73 million, respectively. Stellar Lumens [XLM], Arbitrum One [ARB], and Robinhood Chain were also featured.
Source: Token Terminal
In terms of market cap growth by issuer over the same period, United Stables led with $106 million, according to Token Terminal. Paxos, Anchorage Digital, Aave Protocol [AAVE], Ethena [ENA], and World Liberty Financial [WLFI] completed the top five.
Meanwhile, Ripple’s XRP Ledger added $23.4 million. This minting of more stables by issuers suggests that demand is on the rise.
Stablecoin DEX volume surges
At the same time, a spike in stablecoin DEX volume reinforces demand for liquidity. For instance, stablecoin volume hit a new daily peak this month after recording $40.37 billion on August 10.
Source: DeFiLlama
Platform-wise, Robinhood Chain peaked on the same day with $366 million in stablecoin DEX volume. ETH-stablecoin represented $193.2 million, more than half the total.
Of Robinhood’s daily stablecoin DEX volume, over 50% was exchanged between major pairs. This indicated traders were rotating to major cryptos like Bitcoin [BTC], Ethereum [ETH], XRP, and Solana [SOL], among others.
What does declining dominance mean?
The rotation was evident as stablecoin dominance declined despite market cap growth.
Since early July, total dominance has dropped from 14.79% to 14.10% and continues to trade below a slanting resistance. USDT’s dominance was down to 8.445%.
During this period, the total crypto market cap was attempting a recovery, an indication of shifting dynamics. It was up from $2.15 trillion to $2.19 trillion, more than $40 billion added in August alone.
Source: Stablecoin Dominance on TradingView
However, a rise in stablecoin demand does not guarantee a shift to a bullish market. The market sentiment is still fearful but improved from last month’s extreme fear.
Final Summary
The stablecoin market cap is growing across different chains and by issuers, suggesting there is demand for liquidity.Â
The growth in market cap while USDT dominance declines suggests capital is rotating to major crypto tokens.Â
