Elon Musk · New York · Wall Street · Cointelegraph
Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller.
Key facts
- HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96
- Meanwhile, ICE’s separate tokenized stock venture with OKX has disclosed objections from 38 companies, up from 26 reported by Cointelegraph on Oct. 27
- Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors
- Its Oct. 28 notice adds Walmart, Eli Lilly, Carnival, Arcos Dorados and Cigna
Summary
Hyperliquid’s token pumped following news of ICE and Trade unveiling plans for US perpetual futures. HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96. Perpetual futures allow traders to take positions on asset prices without an expiration date. The companies said Thursday they would seek regulatory approval for markets covering cryptocurrencies, stocks, indexes, commodities and currencies.