Oil Bets Surge on Crypto Exchange Hyperliquid as Geopolitical Risks Rise
Published on March 12, 2026.
Hyperliquid, a DeFi derivatives platform, has seen a surge in trading volume for oil-linked perpetual futures reaching $991 million in the past 24 hours. The platform offers leveraged positions collateralized by stablecoins, attracting traders amid global macro shocks. The new FDIC Chairman stated that stablecoin users won't have government guarantees under the new U.S. law, which bans FDIC from providing financial guarantees. The U.K. is investigating Iran's potential use of Binance to evade sanctions. The Crypto Partner Program by Mastercard has been launched by over 85 crypto companies and financial institutions.
Related Articles
Kevin O’Leary says high oil prices will be ‘granddaddy’ issue in midterm elections
Canadian investor Kevin O’Leary predicts high oil prices will be the central issue for the midterm elections, highlighting the impact of escalating military actions against Iran.
Oil supply gap far from closing despite reserve releases, strategist says
Despite the release of emergency oil reserves, the gap remains significant, with prices rising above $10 per capita and the lack of safe haven assets like gold and Treasperate.
Alaska Senate unanimously passes supplemental spending bill, buoyed by war-driven oil prices
The Alaska Senate unanimously approved a $373 million supplemental spending bill, leveraging unexpected oil revenue from high oil prices and state savings, despite concerns over funding shortfalls.