Onchain commodity trading remained in focus after Hyperliquid’s HIP-3 market posted a new record on March 23, handling about $5.4 billion in perpetual futures volume across commodities and macro assets. Silver led with $1.3 billion, followed by WTI crude at $1.2 billion, Brent crude at $940 million and gold at $558 million. Equity index products tied to the Nasdaq and S&P 500 also drew volume.
World Foundation said its token issuance unit, World Assets, completed $65 million in over-the-counter WLD sales with four counterparties. The first settlement took place on March 20, and the average sale price was about $0.2719 per token, putting the total at roughly 239 million WLD sold. The foundation also said $25 million worth of those tokens carry a six-month lockup.
Washington state filed a lawsuit against Kalshi on March 27, alleging violations of state gambling and consumer protection laws by offering contracts tied to sports, elections and other events. The civil suit seeks to halt Kalshi’s Washington operations, recover resident losses and impose civil penalties. Kalshi said it operates under federal oversight as a CFTC-regulated exchange and has moved to shift the case to federal court, arguing there was no warning or dialogue before the lawsuit. The action is part of a broader set of regulatory moves against Kalshi in Nevada and Arizona.
US spot Bitcoin ETFs ended the week with $296.18 million in net outflows, ending a four-week inflow streak. The reversal followed more than $2.2 billion in inflows over the prior four weeks, according to SoSoValue data. The weekly outflow came after two straight days of withdrawals on Thursday and Friday, including $225.48 million on Friday alone. Total net assets for spot Bitcoin ETFs slipped to $84.77 billion, down from more than $90 billion a week earlier, while weekly trading volume fell to $14.26 billion from $25.87 billion earlier in March.
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