Bloomberg: Escalating Middle East situation drives demand for cryptocurrency perpetual contract hedging

Techub News reported, according to Bloomberg, as tensions escalate between the US, Israel, and Iran, during the weekend closure of traditional markets, crypto perpetual contracts have become a primary channel for risk hedging. On the Hyperliquid platform, the crude oil perpetual contract rose approximately 5%, reaching $70.6 per barrel; the gold perpetual contract increased about 1.3% to $5,323 per ounce, and silver rose about 2% to $94.9 per ounce. The 24/7 trading nature of the crypto market highlights its advantage when traditional markets are closed, driving increased investor attention towards on-chain perpetual contracts.