Hyperliquid
Ice ceo says hyperliquid bigger than nasdaq
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Jeffrey Sprecher, chief executive of Intercontinental Exchange, described the decentralized crypto platform Hyperliquid as bigger than Nasdaq in trading activity during a May 27 conference appearance.
A prominent Ethereum long position on Hyperliquid faced repeated liquidations on June 23. The event has drawn attention to public tracking of whale activity on the platform.
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Hyperliquid ETFs have drawn in 172 million dollars since their launch. This comes as the HYPE token reached an all-time high. Meanwhile, U.S. spot Bitcoin ETFs have seen outflows of nearly 5.6 billion dollars over the same period.
CME Group and ICE are pressing U.S. regulators to restrict Hyperliquid's offshore perpetual contracts tied to oil prices. The effort comes amid traditional exchanges' push into continuous trading, including CME's planned round-the-clock crypto futures launch.
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The first US exchange-traded products for the HYPE token recorded robust opening-day trading this month, outpacing earlier 2026 altcoin ETF launches. Bitwise and 21Shares introduced the funds on major exchanges with combined debut volume near 6.1 million dollars.