CEO Jeffrey Sprecher discussing Hyperliquid's trading volume surpassing Nasdaq at a conference.
CEO Jeffrey Sprecher discussing Hyperliquid's trading volume surpassing Nasdaq at a conference.
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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.

Sprecher made the remarks in a fireside chat with Bernstein analyst Chinedu Bolu. He highlighted Hyperliquid's small team of 11 people and its dominance of more than 70 percent of the decentralized perpetual futures market. The HYPE token has a market capitalization of roughly $15.1 billion, compared with Nasdaq Inc.'s $50 billion valuation as of May 28.

人们在说什么

Reactions on X focus on ICE CEO Jeffrey Sprecher's claim that Hyperliquid exceeds Nasdaq in trading volume, praising its 24/7 operations and efficiency with a small team. Users note growing institutional interest and calls for regulatory parity. Some express skepticism about the comparison's validity. Discussions highlight price impacts on $HYPE and broader DeFi-TradFi shifts.

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Illustration of Hyperliquid token price at $50 driven by HYPE ETF inflows, featuring financial charts and investment flows.
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Hyperliquid price crosses $50 as HYPE ETFs attract inflows

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Hyperliquid's token price crossed $50 this week, driven by early inflows into new spot HYPE exchange-traded funds that outpaced Bitcoin products on an adjusted basis.

Michael van de Poppe says Hyperliquid’s surge and renewed interest in AI-focused crypto projects signal a broader return of risk appetite in altcoins. He highlighted recent gains in the HYPE token and pointed to undervalued AI-linked projects as key drivers.

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Hyperliquid's HYPE token has gained 101 percent year to date while decoupling from Bitcoin. The platform's revenue has expanded across multiple sectors. Bitwise's Matt Hougan described HYPE as the most mispriced cryptocurrency.

A cryptocurrency trader deposited 5.6 million USDC into the Hyperliquid platform to open a 20x leveraged short position on crude oil near $96 per barrel. The move comes amid a spike in oil prices driven by Iran conflict risks. The position's liquidation price is set at $147.94 per barrel.

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The Shanghai Futures Exchange is designing derivative contracts on AI tokens, while CME Group and Intercontinental Exchange announce futures for GPU rentals.

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