Circle ($CRCL) is set to bring its open blockchain network ‘Arc' to a public mainnet on Sept. 16, a move the company is positioning as infrastructure built for global financial markets and ‘institutional-grade' participation.
Circle revealed the initial partners of Arc, its new blockchain, including BlackRock, Visa, Mastercard, NYSE, and Intercontinental Exchange. The network will launch with between 10 and 12 operators and could expand to 20 or 40 over time, according to CEO Jeremy Allaire.
Hyperliquid has been flagged by the UK Financial Conduct Authority, bringing regulatory scrutiny to one of the largest crypto perpetual futures venues.
Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), has sparked discussion across the crypto industry after describing decentralized trading platform Hyperliquid as bigger than NASDAQ during a recent Bernstein conference. His remarks highlight the growing influence of crypto-native trading venues and the increasing attention they are receiving from traditional financial institutions.
ICE Chair Jeff Sprecher told a Bernstein conference his company has met multiple times with Hyperliquid, calling the 11-person platform "bigger than Nasdaq" two weeks after pressing regulators to rein it in.
Jeff Sprecher, the CEO of the New York Stock Exchange's parent company ICE, has openly praised the decentralized derivatives protocol Hyperliquid, calling the platform “bigger than Nasdaq” at a recent gathering.
Intercontinental Exchange founder and CEO Jeff Sprecher said crypto-native exchange Hyperliquid has become impossible for traditional market operators to ignore, pointing to its weekend oil trading, stablecoin settlement, high leverage and retail-driven price discovery as signs of a broader shift in global markets.
Sprecher confirms ongoing talks with Hyperliquid while ICE moves to close weekend trading gaps in energy markets.
Hyperliquid's rise challenges traditional exchanges, prompting regulatory scrutiny and potential shifts in market dynamics and trading hours. ICE chief says Hyperliquid is bigger than Nasdaq, calls founders ‘extremely smart'.
Intercontinental Exchange and the Chicago Mercantile Exchange want regulators to act. Both giants are pressing U.S. oversight bodies to take a hard look at Hyperliquid, a decentralized exchange that lets users spin up entirely new energy trading markets — provided they can stake 500,000 HYPE tokens, which runs about $22.2 million at current valuations.
CME Group and ICE urged US regulators to scrutinize Hyperliquid for manipulation and sanctions risks on May 15. CME and ICE warned that Hyperliquid's anonymous, round-the-clock perpetual futures trading could distort global commodity benchmarks, particularly in oil markets.
CME Group and Intercontinental Exchange (ICE) requested U.S. regulators to subject Hyperliquid to a stricter review. According to Bloomberg, both corporations expressed concern over the risk of market manipulation and potential sanctions, demanding that the derivatives platform register with the Commodity Futures Trading Commission (CFTC).