Crypto markets closed the weekend with activity spread across derivatives, token sales, regulation and ETF flows.
Summary
- The HIP-3 Hyperliquid market reached $5.4 billion in assets and huge futures volume on March 23.
- Global Assets sold 239 million shares of WLD for $65 million as WLD traded near a record low.
- US spot Bitcoin ETFs posted $296.18 million in weekly outflows, ending a four-week inflow streak.
Onchain asset trading continued to grow, the World Foundation revealed a new sale of WLD, Washington sued Kalshi, and Bitcoin ETFs ended the week with a complete outflow.
Onchain commodity trading remained stable after the HIP-3 Hyperliquid market posted a new record high on March 23. The platform hosted about 5.4 billion of infinite futures volume across all commodities and capital goods. Silver led at $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 the S&P 500 also drew volume.
Market participants say this trend goes beyond crypto-native traders. Theo’s chief investment officer Iggy Ioppe said the volume of oil futures over the weekend is now more than $1 billion a day, adding that “geopolitics does not stop on Friday afternoon.”
At the same time, liquidity remains an obstacle, as 1inch founder Sergej Kunz says traditional venues still lead in depth and quality use.
World Foundation unveils new WLD token sale
The World Foundation said its token issuance unit, World Assets, has completed a $65 million over-the-counter sale of WLD with four partners. The first settlement took place on March 20, and the average price was approximately $0.2719 per token, which puts an estimated value of 239 million WLD sold. The foundation also said that $25 million of those tokens carry a six-month closing.
The disclosure came as WLD traded near recent lows. Reports on March 29 said the token was close to $0.27 after touching a record low around $0.2444, and the opening on July 23, 2026 is scheduled to cover about 52.5% of the total. The World Foundation said the proceeds will support key operations, research and development, orb production and ecosystem growth.
Kalshi is facing a new federal charge
In control, the state of Washington sued Kalshi on March 27. Attorney General Nick Brown said the operator of the prediction market violated gambling laws and consumer protection by offering contracts tied to sports, elections and other events. The civil suit seeks to stop Kalshi from operating in Washington, recover lost money from citizens and pursue civil penalties.
Kalshi backtracked and said it operates under federal supervision as an exchange regulated by the CFTC. Reports said the company moved the lawsuit to federal court and said there was no “warning or dialogue” before the lawsuit. The case adds to a broader legal battle, with Nevada and Arizona also taking action against Kalshi in recent weeks.
Reverse Spot Bitcoin ETFs
US spot Bitcoin ETFs closed the week with $296.18 million in net outflows, ending a four-week inflow streak. The pullback followed more than $2.2 billion in revenue over the past four weeks, according to SoSoValue data.
The weekly outing came after two straight days of withdrawals on Thursday and Friday, including $225.48 million on Friday alone. Total Bitcoin ETF assets fell 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 in early March.
