Traders did not wait for Monday’s open to react to the Jensen Huang scandal. Nvidia perpetual futures on Hyperliquid began falling on Sunday afternoon, hours before any stock market session started. By 3:30 pm New York time, Hyperliquid’s xyz contract on Nvidia had dropped as low as $180.15 on about $200 million in volume. Both the perps and Nvidia’s shares later slipped below $178 overnight, and the stock fell as much as 7% on Monday. Perpetual futures are leveraged contracts that never expire and trade around the clock, giving investors a way to price news when traditional markets are shut. Market structure expert Rich Repetto said perps now fill a major gap in weekend price discovery. Prediction markets also saw a spike, with a Kalshi contract on when Huang might leave as CEO drawing over $105,000 in Sunday trades.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin’s recent slide has many traders bracing for a deeper crash. A closer look at…
Honda will spend $3 billion on a new vehicle assembly plant near its existing operations…
Alphabet (GOOGL) stock gained momentum on Monday, November 9, as Google's latest AI chip announcement…
North Korean hackers have found a new use for worthless meme coins to move stolen…
XRP’s social media timelines have turned hostile again. Over the past week, long-time holders have…
Nvidia (NVDA) stock fell 5.7% in premarket trading on Monday, November 9, slipping below $180.30…
