Synapse

The Hypercall SDK is now available on GitHub with Rust implementation. **Key Details:** - Repository: [hypercall-rust](https://github.com/hypercall-public/hypercall-rust/) - SDK enables developers to integrate Hypercall functionality into their applications - Rust implementation provides performance and safety benefits The release follows recent infrastructure improvements in the cross-chain ecosystem, including GMGN's global distributed deployment on AWS and their transition to operating as a Solana validator node with self-built RPC trading nodes. Developers can now access the SDK to build applications leveraging Hypercall's capabilities.

The desktop trading interface has undergone a complete rebuild with several new features: - **Live charts** now include position lines for better trade visualization - **Bulk cancel** functionality for managing multiple orders at once - **Quote popovers** for quick price information - **Sortable history** to organize past trades - **Cleaner funding** interface - Improved states and stability throughout the platform This follows earlier desktop improvements including a redesigned trading shell, new trade dropdown, ticker tape, and optimized deposit flow for larger screens.

Hypercall now operates two live markets on Hyperliquid, with additional markets planned for immediate launch. The platform previously announced a trading competition and mainnet launch scheduled for the following month.

**Standard Margin shorting is now live on Synapse**, enabling traders to sell calls and puts directly on-chain. The platform supports: - Long premium positions - Short premium positions - Defined-risk spreads This launch follows the recent addition of **SP500 options on Hypercall**, which went live on June 29th. The upgraded desktop shell now provides full options trading capabilities including calls, puts, and spreads. Traders can now execute sophisticated options strategies with margin requirements, expanding beyond simple long positions to include short selling and spread trading.

Hypercall has launched SP500 options trading on-chain through an upgraded desktop platform. **Available Trading Options:** - Call options - Put options - Spreads - Standard Margin shorting The launch follows the earlier release of $SPCX and represents a significant expansion of traditional financial instruments into decentralized finance. All trading functionality is now accessible through Hypercall's enhanced desktop interface. [Trade on Hypercall](https://app.hypercall.xyz/)

Hypercall reached its open interest (OI) cap after capturing approximately 3% of the underlying asset's notional volume. **Key Points:** - The platform maxed out its current OI limits during trading - This occurred shortly after launching $SPX options - The team is considering removing the caps to allow for further growth **Market Context:** - Capturing just 1% of the SPX options market would represent $28 billion in daily option volume - This would generate billions in delta hedging open interest on Hyperliquid Perps The platform's rapid approach to its OI cap suggests strong initial demand for its options products.

**Historic Trading Opportunity Arrives** Mainnet launches next week, enabling trading of $SPCX options - the first tradeable pre-IPO options in history. **Key Details:** - Trade calls and puts on SpaceX before public listing - All options expire at June 12 IPO date - Platform already live on testnet - First-ever opportunity to trade options on a company before shares hit public exchanges This represents a new financial instrument allowing speculation on SpaceX valuation ahead of its anticipated public debut.

A new Retail Price Improvement feature is now operational, introducing a competitive auction system for single-leg orders. **How it works:** - Every order enters a 2-second auction period - Market makers compete to offer better prices than the current orderbook - If no improvement is offered, orders execute at your specified limit price - Execution is guaranteed regardless of auction outcome **Additional mechanics:** - The system continuously monitors best bid/ask prices every second - Order prices update automatically based on market conditions - Orders remain active until filled, manually cancelled, or reach preset safety boundaries This mechanism aims to provide better execution prices for retail traders through competitive market maker participation.

Trollbox has launched its desktop application with full Telegram integration. **Key Features:** - Real-time bidirectional chat sync between desktop and Telegram - Messages, replies, reactions, media, and GIFs sync seamlessly - Command cards work across both platforms - Simple account linking with a single code The integration allows users to participate in conversations from either platform while maintaining full functionality. All interactions are mirrored in real-time, creating a unified chat experience regardless of which platform users prefer.

Synapse Protocol released a major update consolidating three weeks of development work: **Key Features:** - **SpaceX pre-IPO options** now available for trading - Full **strategy builder** tool for complex positions - **Desktop chat** integration with Telegram bridge - Redesigned order form interface - Mainnet preparation underway The update follows their recent trading competition launch and improvements to the options chain and margining system.