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Foresight News reported that Based tweeted that Based has partnered with Nunchi to launch the funding rate perpetual contract BTCSWP on Hyperliquid. BTCSWP allows users to directly trade Bitcoin funding rates: users can go long when funding rates rise and go short when funding rates narrow. BTCSWP is currently live on the testnet.

May 15—According to reports, Bitcoin rebounded from yesterday’s low of around $79,300 and briefly broke above $81,500, with a 24-hour increase exceeding 2%. Market sentiment has clearly warmed up, primarily driven by a “double boost” from US regulation and macro policy. Firstly, on May 13, the US Senate officially confirmed Kevin Walsh as Federal Reserve Chair with a 54 to 45 vote, replacing Jerome Powell. This was the most partisan Fed Chair confirmation vote in modern history, marking a new phase for US monetary policy. The market widely believes that, compared to the Powell era, Kevin Walsh holds a more open stance towards digital assets and market innovation. Multiple media outlets highlighted that he is the first Fed Chair to personally hold and directly invest in crypto assets, and he has publicly stated that Bitcoin is “a constraint mechanism on policy.” More importantly, the US crypto regulatory framework also achieved a significant breakthrough. On May 14 local time, the Senate Banking Committee officially passed the CLARITY Act, with a final vote of 15 to 9, and the bill will next be brought to a full Senate vote. Notably, three strong regulatory amendments proposed by the relatively conservative Senator Elizabeth Warren were all rejected, which the market interpreted as the US mainstream regulatory camp shifting from “restricting crypto” to “accepting and integrating it into the system.” In detail: Amendment No. 52 was rejected, meaning the original provisions of the bill remain, allowing major traditional banks to compliantly hold, trade, and provide crypto asset-related services in the future. This will bring more large-scale institutional funds and liquidity to the industry; Amendment No. 64 was rejected, so the Treasury cannot immediately expand its sanctions on Tornado Cash-like DeFi/mixer tools, resulting in a temporary easing of regulatory pressure on the decentralized finance ecosystem; Amendment No. 74 was rejected, so the industry will not need new, specialized crypto investor protection procedures, lowering compliance thresholds and reducing business promotion costs. In summary, all three stricter regulatory amendments were rejected, effectively sending a clear “loosening” signal from US regulators to the market—especially benefiting banks’ entry, stablecoin systems, and the DeFi ecosystem.

BlockBeats News, May 15th, according to Hyperinsight Monitoring, Hyperliquid's renowned trader "Loracle" shorted 29,771 CBRS with 5x leverage last night, previously valued at approximately $11.3 million, marking the largest on-chain short position for this asset. The average entry price for the position was around $333.13, with a modest profit of $190,000 (1.6%), and the contract's current price is currently trading at $326.6. It is reported that Cerebras (CBRS) is an AI newcomer once known as the "strongest challenger to NVIDIA." Yesterday, it was officially listed on Nasdaq and completed the largest IPO in the history of the AI chip sector, closing the first day with a 68% surge. Previously, the trader, after Mizuho Securities raised the "buy" target price, accurately shorted SNDK at the target price, opening a $8 million short position. Currently, this short position has made over $1.4 million in profit (63%). Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae