HYPE, the native token of Hyperliquid, surged about 20% on Thursday after Intercontinental Exchange (ICE) and Trade[XYZ], whose investors include Stanley Druckenmiller, announced plans for US perpetual futures. HYPE traded above $96, close to September's all-time record of $97.96. The companies said they would seek regulatory approval for markets covering crypto, stocks, indexes, commodities and currencies, targeting retail traders through a clearing structure separate from ICE's institutional business. ICE is taking a minority stake in Trade[XYZ], with the investment amount and launch date undisclosed. Distribution is expected through ICE's joint venture with OKX, pending separate approvals, and the regulatory path remains conditional.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
HYPE/USDT
▲ Likely positiveHyperliquid
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $16.9B |
| Close on 10/28/2026 | 80.69 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops
Bitwise Asset Management and the Hyperliquid Policy Center are urging the US Securities and Exchange Commission (SEC) to revise its proposed crypto rules, seeking clearer guidance on how crypto assets are classified, how airdrops are treated, and how secondary-market trading works, as the public comment period closes. Bitwise wants a standard based on publicly available information to determine whether an asset falls under securities laws, along with clear rules on relying on issuers' Form TR filings. Hyperliquid asks the SEC to broaden its proposed safe harbor, protect airdrops that reward network participation, and clarify whether unregistered intermediaries or onchain protocols can facilitate token trading. In contrast, former SEC enforcement official John Reed Stark and scholar Lee Reiners urge withdrawing the proposal, arguing it exceeds the agency's statutory authority, weakens investor protections and could face immediate legal challenge. The SEC has not announced a timetable for a final decision.
- Hyperliquid Just Fell 17% From Its All-Time High. Here's Why I'm Not Buying the Dip.
Hyperliquid (HYPE) hit an all-time high of $97.98 on Sept. 23 before falling 17% to about $81. The token is up more than 235% year to date and 2,440% since its launch in November 2024; the exchange reportedly accounts for 60% or more of decentralized perpetual futures trading and uses trading revenue to buy back its token daily. Momentum is cooling, however: over the past 90 days HYPE is up 19%, versus 28% for Bitcoin. The author attributes this to the CFTC greenlighting perpetual futures trading in the U.S., which drew in Kalshi, Coinbase and Robinhood, and to the Clarity Act failing in the Senate, which casts doubt on the Trump administration's pro-crypto moves and on concerns over Hyperliquid's offshore status. The author says they are not buying the dip for now.
- Hyperliquid's HYPE Jumps 13% as NYSE Owner ICE Moves to Bring Its Perpetual Futures to the US
HYPE, the token behind the Hyperliquid exchange, rose about 13% to roughly $91 after Intercontinental Exchange, owner of the New York Stock Exchange, announced a deal to bring Hyperliquid-based perpetual futures to the United States. Under the agreement, ICE will be the exclusive operator of Trade[XYZ]'s regulated markets and take a strategic stake in the company, and it will build a dedicated retail market and clearing structure for the product. The product still needs regulatory approvals and has no launch date. HYPE hit a high of $92.10 on KuCoin, about 7% below its September record near $98, and its market capitalization is around $22.4 billion. Investor Stan Druckenmiller publicly backed the deal, and ICE plans to distribute the product through its joint venture with OKX, which also has approvals pending.
- NYSE owner takes steps to bring Hyperliquid perpetual futures to U.S.
- Monero futures are again heating with leverage, raising volatility risks
Leveraged bets are building again in Monero (XMR) futures, with open interest topping $300 million, close to January's peak of about $320 million according to SoSoValue. Open interest in coin terms reached 515.73K XMR, a five-week high up from 400K a week earlier, as the spot price recently rose above $600. The article notes a similar buildup in January preceded a 66 percent plunge, when XMR fell from about $790 to below $300 as long positions were forcibly closed. Analyst Doctor Profit warned of a possible big liquidation event, but the article says whether history repeats remains to be seen. With a market cap of $10.9 billion, Monero is the second-largest privacy coin in the world.
- Outpoll Expands Beyond Prediction Markets With Crypto Futures Trading
Outpoll has launched Trading, a perpetual futures venue built into its prediction market platform, so users can forecast events and trade related assets from one unified balance. The offering covers 80+ crypto pairs, 20+ stock and index pairs such as AAPL, MSFT and SPX500, and 4 commodity pairs, all quoted against USDT or USDC, with leverage up to 100x and no expiry dates. Tools include isolated and cross margin, one-way and hedge modes, several order types, TradingView charts, a liquidation price calculator and a public API. Trading is live on the web at outpoll.com and in the Outpoll app on Google Play, and new users can use promo code NEW100 for trading fee discounts or larger position sizes.
Related markets
Latest news
- Nvidia's relationship with China just got even more complicated as report says Jensen Huang was target of spy plot
Nvidia has struggled to gain a foothold in China because of US Commerce Department export restrictions in place since 2022. The New York Times reported that US intelligence believes Alice Huang, a leader at Nvidia customer Megaspeed with a well-documented relationship with Jensen Huang, acted as an intelligence asset and passed information to China's governing party, raising questions about information leakage from Nvidia. In December 2025, the Trump administration allowed some H200 chip exports after a $5 million lobbying push during the year, but H200 sales made up less than 1% of Nvidia's $89 billion second-quarter data center revenue, as Beijing blocked Chinese buyers from purchasing Nvidia chips. Nvidia said its forward outlook includes no China data center compute revenue. The article also describes a black-market trade smuggling chips through Southeast Asia and Blackwell B300 chips being openly sold on Douyin at millions of US dollars per server.
- Big Oil earnings are set to surge. Why investors may want to be cautious
The article says earnings at ExxonMobil, Chevron, Marathon Petroleum and ConocoPhillips are set to rise sharply, with EPS for XOM, CVX and COP expected to more than double from a year earlier. Marathon Petroleum's EPS estimate is $25.37 per share, versus $4.51 a year ago, driven by higher oil prices and a large crack spread on refined products, with sales expected to rise by $13 billion in one year. The author argues that guidance and capital spending plans may matter more than the earnings figures themselves. Citing BTIG analyst Jonathan Krinsky, the article notes the S&P Refining Index has risen nearly 160% in 2026, its best year in at least three decades, and that he expects at least consolidation, with a significant downside reversion considered more likely.
- Okta vs. UiPath: Which Technology Stock Is a Better Buy in 2026?
The article compares Okta (OKTA) and UiPath (PATH), two software companies with different models: Okta provides identity and access management, while UiPath offers an automation platform. Okta reported FY 2026 revenue of nearly $2.9 billion, up about 11.8%, and net income of close to $235.0 million versus $28.0 million a year earlier; free cash flow was nearly $863.0 million, though stock-based compensation was roughly 61.5% of operating cash flow. UiPath posted revenue of roughly $1.6 billion, up about 12.7%, net income of nearly $282.3 million and free cash flow of approximately $352.2 million, with stock-based compensation at roughly 78.3% of operating cash flow. The piece outlines Okta's competition and cybersecurity risks and UiPath's reliance on a limited number of large customers, and the author leans toward Okta, citing growing demand for identity security.
- Microsoft (MSFT) Expands Copilot In Education, Is The AI Upside Already Priced In?
McGraw Hill launched a plugin for Microsoft 365 Copilot that ties Copilot use to higher education workflows and licensed digital course materials. Microsoft's share price return was 17.71% over 90 days and 57.03% over 3 years, while the 1-year total shareholder return was slightly down 1.14%. A Simply Wall St narrative puts fair value at $419.91, below the last close of $531.01, and suggests Copilot optimism and strong cloud results may already be heavily reflected in the stock. On the other side, the article cites return on equity of 30.2%, a net profit margin of 40.3%, and a valuation model showing the stock trading about 22.5% below its estimate of future cash flow value. It also notes the stock looks expensive against a peer P/E average of 24.8x and significant insider selling over the past three months.
- Can This Number Push Booking Holdings Stock Higher?
Booking's top Genius members (Levels 2 and 3) made up more than 30% of active customers and a high 50% share of room nights in the June quarter, both up from a year earlier. Direct room nights kept growing, with the direct share of consumer room nights in the mid-60% range, though pressure on unpaid search traffic continued and large language model traffic stayed well below 1% of room nights. Booking plans a $100 million investment in Vayo, a new company offering a personal travel agent, announced October 14, 2026. The stock (BKNG) fell 29.0% in the year to October 28, 2026, while the S&P 500 returned 14.0%. For the September quarter, management guided room nights up 3% to 5% and gross bookings and revenue up 4% to 6%, versus June-quarter gains of 9% and 8%.
- ServiceNow just can't seem to escape the SaaSpocalypse — even after strong Q3 AI growth
A panel discussed ServiceNow after its results, where free cash flow rose but remaining performance obligations (RPO) came in modestly below expectations, and the company itself forecasts RPO growth to slow in the fourth quarter. CFO Gina Mastrantonio said AI net new business grew 65% year over year, beating expectations, which allowed the company to raise its full-year AI target to 1.7 billion while delivering AI value without a large capex investment. Julia said the market is not yet convinced, citing concerns about AI reducing seat counts, while Mastrantonio said ServiceNow's blended pricing covers both seats and usage. The stock was down 25% that day, which the speakers noted was the fourth straight quarter shares fell after a report.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.