Hyperliquid Hits Record $67 as CFTC Cracks Open the US Perpetuals Market

▤ Summary

HYPE reached a record high near $67 after U.S. regulators approved the first domestic perpetual futures contract, which traders viewed as a positive sign for the broader market. Grayscale also boosted sentiment by calling Hyperliquid a breakout success and highlighting its trading volumes, open interest, and fee generation. The company is also drawing attention from investors because Grayscale filed for a spot HYPE ETF, while 21shares has already launched its own fund. Traders are now watching whether regulatory clarity can bring sustained institutional demand and help HYPE hold its gains.

▦ Linked Companies

Grayscale Labs, Inc

$1M to $5M