Hyperliquid's HYPE token retreated roughly 6% on Friday after Bloomberg reported that CME Group and Intercontinental Exchange are pressing US officials to scrutinize the decentralized exchange's role in offshore oil-linked trading. The move puts one of crypto's fastest-growing derivatives venues in direct tension with two of the most powerful incumbents in global commodities markets.
Among large-cap altcoins, HYPE continues to exhibit one of the strongest trend structures. The token defended the 200-day MA and printed a sharp rebound candle toward the $47 zone in March after regaining the 50-day and 100-day moving averages.
Coinbase (NASDAQ:COIN) is expanding its footprint in the decentralized finance space by forging a closer alliance with Hyperliquid, one of the leading onchain perpetuals trading platforms. The major U.S.
Decentralized exchange Hyperliquid has become a popular destination for speculating on oil prices.
CME and NYSE owner ICE are urging U.S. regulators to scrutinize Hyperliquid over manipulation and sanctions concerns.
Alternative cryptocurrencies outperformed Bitcoin on Thursday as Hyperliquids HYPE token rallied sharply following the launch of Bitwises new Hyperliquid ETF and expanding institutional adoption across the blockchain sector. While Bitcoin (BTC) continued trading below its 200-day simple moving average near $79,281, altcoins gained momentum amid rising investor interest in decentralized finance and tokenized assets.
Kraken said that it added HYPE and XAUT to its collateral currency lineup for Kraken Pro traders. According to the announcement, the expansion brings Kraken's eligible collateral assets to 56 across margin, derivatives and Flexline products.
Hyperliquid price remained volatile this week after rebounding sharply from a recent pullback, while growing institutional involvement and the launch of new spot exchange-traded products strengthened bullish sentiment surrounding the decentralized trading protocol. According to data from crypto.
Hyperliquid faces fresh regulatory pressure as CME and NYSE raise concerns around HYPE trading
Hyperliquid's (HYPE) token rose 6.5% in the last 24 hours, reaching $47, its highest level since October 2025. It now trades around $43. Bitwise's HYPE spot ETF (BHYP) debuted with a 0.34% fee, offering a one-month waiver for the first $500 million in assets.
The Coinbase partnership raises questions on USDC's dominance and HYPE's supply dynamics.
Fresh U.S. ETF launches and Coinbase's Hyperliquid deal helped fuel HYPE's rally this week, but technicals warn of a possible pullback.