ICE
Hyperliquid Policy Center Responds To ICE, CME's Regulatory Pressure Push
The Washington, D.C.-based policy team for decentralized exchange Hyperliquid (HYPE) has moved quickly to address a new regulatory pressure campaign described in a Friday report by Bloomberg.
CME, ICE Push Regulators to Review Hyperliquid Over Market Risks
CME Group and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, are reportedly urging U.S. regulators to take a closer look at decentralized crypto exchange Hyperliquid due to concerns surrounding market manipulation and sanctions evasion. According to a Bloomberg report published Friday, executives from both exchanges have raised concerns with officials at the Commodity Futures Trading Commission (CFTC) as well as lawmakers in Washington.
'Unfounded Concerns': Hyperliquid Slams CME and ICE Regulatory Push
The decentralized platform Hyperliquid publicly responded to a Bloomberg report claiming that major traditional exchanges - CME and ICE, the parent company of NYSE - had urged U.S. regulators to intervene in the platform's operations. The conflict between legacy exchanges and the DeFi platform intensified as Hyperliquid stopped operating as a purely crypto-native venue and began directly expanding into TradFi territory.
Ice Open Network News: CEO Cuts Monthly Costs by 89%, Promises New Product Launch in 8 Weeks
Ice Open Network's CEO published a detailed update on Wednesday outlining dramatic cost cuts and a new strategic direction, two days after the project came close to announcing a full shutdown following the ION token crash. Monthly operating costs have been reduced from approximately $400,000 to $45,000, an 89% cut achieved in 48 hours.
