Data: In the past 24 hours, the entire network has liquidated $518 million, with long positions liquidated at $445 million and short positions at $72.68 million.

Trump ordered a blockade of the Strait of Hormuz, and Hyperliquid crude oil futures prices rose 7%

U.S. President Trump blockaded the Strait of Hormuz because Iran refused to give up its nuclear weapons program, causing crude oil futures prices on the decentralized platform Hyperliquid to surge by 7%. The market saw intense fluctuations due to concerns about a supply disruption, making it an important venue for price discovery. Strategic petroleum reserves are about to run out, supply risks in the oil market are intensifying, and this could trigger even more severe inflation pressure.

Contract whale “sets 10 big targets first” — the short position is up $3.21 million; the BTC short opening price is $71,554.61.

Gate News message, April 12, according to on-chain analyst Ai Yi (@ai_9684xtpa) statistics, the short positions of the contract whale “first set 10 big targets” (@Jason60704294) are currently up $3.21 million. Of this, the BTC short positions are 2,567.49 BTC, with an opening price of $71,554.61, and an unrealized profit of $1.19M; the ETH short positions are 38,465.22 ETH, with an opening price of $2,248.74, and an unrealized profit of $2.03M.

BTC 15-minute chart slightly down 0.57%: leveraged long positions passively cut risk and macro sentiment disturbances drive volatility

2026-04-12 12:45 to 13:00 (UTC), the BTC price range was 71081.7 to 71493.2 USDT, with an amplitude of 0.58%. Within 15 minutes, the return recorded was -0.57%. During the period of unusual activity, market volatility increased somewhat, risk sentiment warmed up, and overall attention rose; however, there was no extreme surge in volume or a sudden drop in liquidity. The main driver behind this unusual activity is that, under the leverage structure, long positions were reduced passively. Recently, the funding rate for perpetual contracts turned from negative to positive. Leverage among longs in the market accumulated; the price dipped slightly, triggering liquidations of some leveraged long positions and sell orders for position closures, resulting in

Sports betting event contracts are derivatives! The U.S. CFTC blocks local law enforcement and seeks regulatory authority over prediction markets

The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that contracts for sports events are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and unify nationwide regulation, reducing the influence of state and local gambling laws.

Over the past 24 hours, liquidations across the entire market totaled $231 million, with long liquidations accounting for more than 60%

Gate News message, April 12, in the past 24 hours total liquidations across the market reached $231 million. Of this, long liquidations were about $142 million, and short liquidations were about $88.3557 million. By coin, Bitcoin liquidations were about $72.2491 million, and Ethereum liquidations were about $63.7792 million.

Recognized sports event contracts are derivatives! The U.S. CFTC blocks local law enforcement and fights for regulatory authority over prediction markets

The U.S. federal government is working jointly with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and unify nationwide oversight, reducing the influence of state-level gambling laws.