Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a><\/p>\n The arrival of new competitors <\/p>\n Hyperliquid, a decentralized cryptocurrency exchange<\/a>, made its name offering perpetual futures to crypto traders. These perpetual futures allow traders to make highly leveraged bets on the future prices of popular cryptocurrencies, all without actually owning the underlying crypto.<\/p>\n As can be imagined, perpetual futures have been a smash hit in the crypto world. It’s very easy to make long or short bets on crypto, so you can make money regardless of which way the market is moving.<\/p>\n However, until recently, these perpetual futures were not widely available in the U.S. market. Regulators viewed them as too risky due to their use of leverage and the ability to liquidate positions overnight. Even a slight 10% move in the market might be enough to wipe out your collateral.<\/p>\n But that’s all about to change. In early June, prediction market platform Kalshi became the first CFTC-regulated domestic exchange to offer trading in perpetual futures. And by all accounts, the launch has been a notable success. In the first week, Kalshi saw a head-spinning $1 billion in trading volume on its platform.<\/p>\n And it’s not just Kalshi that could be a threat to Hyperliquid. Centralized cryptocurrency exchange Coinbase Global (NASDAQ: COIN) also wants in on the action, given how perpetual futures trading is a natural complement to spot crypto trading. As does Robinhood Markets (NASDAQ: HOOD), given the potential of perpetual futures to ramp up trading activity in prediction markets.<\/p>\n From my perspective, it’s only a matter of time before Hyperliquid starts to get squeezed. Right now, U.S. customers can’t use the Hyperliquid platform (at least legally), so they’ll be using Kalshi, Coinbase, and Robinhood.<\/p>\n In order to offer perps to U.S. customers, Hyperliquid must undergo an official CFTC review process. While Hyperliquid has suggested it is willing to do this, it’s not clear how much time it might take, or whether it will require a modification to how these contracts are traded within the U.S.<\/p>\n The “Wild West” period is coming to an end <\/p>\n Long story short, the “Wild West” period for perpetual futures is coming to an end. Crypto-friendly U.S. regulators have finally embraced perpetual futures, and that’s going to tip the playing field away from Hyperliquid. The big winners will be the highly regulated U.S.-based competitors. You won’t need to hunt for some offshore destination to get your “perps” action.<\/p>\n It’s similar to offshore gambling — as soon as the U.S. legalized online gambling, all the action came to U.S. casinos and sportsbooks.<\/p>\n It was fun while it lasted, but does anyone really expect Hyperliquid to deliver 200% returns on an ongoing basis from here on out? I don’t, and that’s why I’m not buying Hyperliquid after its recent surge.<\/p>\n Should you buy stock in Hyperliquid right now? <\/p>\n Before you buy stock in\u00a0Hyperliquid, consider this:<\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Hyperliquid\u00a0wasn\u2019t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.<\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $417,305!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $1,293,148!*<\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of June 20, 2026. <\/p>\n Dominic Basulto<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hyperliquid. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy<\/a>.<\/p>\n![\"Shocked](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/06\/2c5d2a033e7167ca1f35cb3188e710ab.jpeg\")
Image source: Getty Images. <\/p>\n