On-chain derivatives are gaining momentum as Hyperliquid's HIP-3 surpasses $1.2 billion in open interest, focusing on oil and gold, while Derive hits a record $1 billion. Meanwhile, notable fundraises and major strategic moves from Kast, Zodl, and other firms highlight the evolving crypto landscape, alongside Mastercard's new Crypto Partner Program and Wells Fargo's trademark filing for WFUSD.