Hype Stuck at All-Time High as US Entry Plans Gain Momentum

Hype (HYPE) is trading near an all-time high, around $84, after gaining 4.5% in the past 24 hours.

The token's price is stuck just below the $85 to $85.5 resistance area that could determine whether HYPE can extend its move towards $100.

Hyperliquid Strategies recently announced plans to bring Hyperliquid into the United States through a compliant structure, with Payward, Kraken's parent company, presenting the basic structure to the Commodity Futures Trading Commission (CFTC).

The proposed arrangement would allow American traders to access Hyperliquid-linked perpetual futures through Bitnomial, Payward's CFTC-regulated derivatives exchange and clearinghouse.

Regulatory clearance remains a major condition before any launch can take place, with one former SEC counsel estimating that the process could take another 10 to 12 months.