Hyperliquid price climbed 1.29% to around $83 as HYPE gained broader investment exposure following its addition to a regulated multi-asset cryptocurrency exchange-traded fund. Hashdex has added HYPE to the Hashdex Nasdaq CME Crypto Index ETF, which trades under the ticker NCIQ.
Lazarus-linked wallets moved roughly $30 million through Hyperliquid and HyperUnit, converting Bitcoin into Ether or Solana before bridging funds onto other networks. Tracked assets later reached KuCoin, Kraken, Lbank and unidentified Tron-based services, showing how sanctioned funds can pass through multiple tokens, chains and platforms. The transfers came weeks after U.S.
Silhouette launched its RFQ system on Hyperliquid mainnet with support for xStocks, letting traders request competing market-maker quotes and settle winning trades onchain. xStocks has processed more than $40 billion in volume across over 200,000 holders, with nearly $20 billion already settled directly onchain.
Trading in derivatives tied to stocks and other traditional assets is accelerating across both centralized and decentralized crypto infrastructure, with TradeXYZ and Binance recording sharp increases in activity during 2026.
The inclusion of HYPE in NCIQ highlights the ETF's adaptability, offering investors diversified exposure to evolving crypto ecosystems. Hashdex adds Hyperliquid's HYPE to Nasdaq crypto index ETF.
Data from Arkham reveals Lazarus-affiliated wallets transferred more than $30 million using Hyperliquid and HyperUnit. This was amid Hyperliquid's efforts to access the U.S. markets through Bitnomial, which is owned by Payward.
Hyperliquid's potential U.S. entry could signal increased regulatory acceptance, boosting market credibility and influencing future crypto regulations. Hyperliquid in talks with Kraken's Payward to enter US perpetual futures market.
Hyperliquid's HYPE token targets $90.75 as a bullish ascending triangle breakout, US expansion plans, and a $10.75M short liquidation zone support upside.
Trump wants to “bring Hyperliquid into the United States in a fully compliant and legal fashion.”
Arkham researcher Emmett Gallic says Lazarus-linked addresses moved more than $30 million through Hyperliquid's HyperUnit service in August.
In a significant move toward regulatory compliance, Hyperliquid Labs is pursuing a collaboration with Payward, the entity behind Kraken exchange, to introduce crypto perpetual futures trading to the American market. According to initial reports from Bloomberg, the negotiations focus on leveraging Bitnomial—a regulated Payward subsidiary—as the authorized U.S. trading infrastructure.
Has the pecking order finally flipped?