From Coinpedia · By Anjali Belgaumkar
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.
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