Injective CEO: US INJ spot ETF expected to launch before 2027

Polymarket will file a lawsuit over the Dutch decision to ban operations of the U.S.-based prediction market platform. The company told Dutch financial daily Het Financieele Dagblad that the Dutch gambling regulator Ksa ordered Polymarket to cease operating in the Netherlands in February this year. Polymarket contends that its platform offers a financial product, so it should be regulated by the Dutch Authority for the Financial Markets (AFM) rather than Ksa. Ksa previously ruled Polymarket is an unlicensed site and ordered it to stop operating in the Netherlands.

Kraken’s parent firm Payward has partnered with Singapore Gulf Bank to provide 24/7 USD settlement services for institutional clients across Asia.

Barclays said it has cut Nike (NKE.N) price target from $48 to $37.

Bloomberg Terminal now supports users to monitor select perpetual contracts on Hyperliquid around the clock, covering cryptocurrencies, stocks, commodities, foreign exchange, and indices. Trading execution is not yet available, but the more significant impact lies in the expansion of institutional distribution channels. Institutional trading teams can now compare Hyperliquid’s prices with traditional market benchmarks such as BTC, NVIDIA, the S&P 500 Index, Brent Crude, and EUR/USD within their existing workflows. This will boost Hyperliquid’s market exposure and credibility, establishing it as one of the price sources familiar to institutions. This move does not mean institutional capital will flow into Hyperliquid immediately, but it brings Hyperliquid into the terminal environment where institutional investors already follow price information, and is expected to further integrate the on-chain, all-weather global asset market into institutional trading workflows.

According to market data from BIT (bit.com), crypto-related concept stocks in pre-market US equities trading posted broad gains, with individual performances as follows: CRCL rose 2.26%, MSTR gained 2.97%, HOOD increased 1.18%, BMNR climbed 2.17%, COIN advanced 2.11%, BNC jumped 4.44%, and HSDT surged 14.07%.

Sources said Saudi Arabia’s east-west oil pipeline is operating normally, after earlier reports claimed the pipeline had been suspended following a fresh attack.