**[Bloomberg: Cryptocurrency Market Once Again Becomes the Only Open Window for Traders to Price the Ongoing Middle East Conflict]** BlockBeats News, March 9, according to Bloomberg, the cryptocurrency market has once again become the only open window for traders to price the risks of the ongoing Middle East conflict. As the war in Iran continues, contracts tracking crude oil, gold, and silver on the Hyperliquid platform have shown significant volatility. These contracts are Hyperliquid's perpetual futures—this trading platform has become one of the largest 24-hour derivatives trading venues globally. Perpetual contracts track asset prices but never expire, allowing traders to hold leveraged positions without delays from clearinghouses. The contracts are settled in stablecoins (such as USDC, which is pegged to the US dollar). Although trading volumes remain far below those of traditional commodity markets, trading activity has noticeably increased since the conflict began. The weekend commodity price fluctuations on Hyperliquid are primarily driven by retail and crypto-native traders—serving as a real-time indicator of market sentiment, though with limited reference value. However, observers focused on the crypto market note that these platforms also provide a reference model for what "around-the-clock trading" could look like for traditional markets. Some traditional trading platforms are also exploring the possibility of offering uninterrupted trading.