HYPE Jumps 23% to $71.9 as Trump Signals US Pathway for Hyperliquid
Updated
Updated · Yahoo Finance · Aug 20
HYPE Jumps 23% to $71.9 as Trump Signals US Pathway for Hyperliquid
2 articles · Updated · Yahoo Finance · Aug 20
Summary
$71.9 HYPE rose more than 23% in 24 hours after Donald Trump said the CFTC was working to bring Hyperliquid to the US legally and compliantly.
Those remarks stopped short of approval or registration, but they boosted expectations that on-chain perpetual-futures markets could eventually get a formal US compliance route.
August 20's CFTC Innovation Advisory Committee meeting in Washington is now drawing scrutiny for any discussion of on-chain derivatives, though no Hyperliquid framework or launch timetable has been confirmed.
Coinbase added another catalyst on August 19, saying eligible Base App users can access more than 290 Hyperliquid perpetual-futures markets with up to 50x leverage, excluding the US, UK and Canada.
$3.01 billion in aggregated futures open interest — up 16.43% over 30 days — points to elevated positioning as the broader crypto market cap climbed 7.5% to $2.45 trillion.