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.
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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.
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