Hyperliquid Zooms Towards All-Time High on US Expansion Talks

Hyperliquid (HYPE) is on track to reach new all-time highs after advancing talks with Kraken's parent company Payward about expanding into the US market.

The token has been trading above $84.30, nearing its record high of $86.75 set just days ago. Institutional demand remains strong, with spot ETFs recording a net weekly inflow of $56.86 million last week, the highest since June.

Hyperliquid Labs is reportedly in advanced talks with Payward to bring its perpetual futures products to the US through Kraken's exchange and clearinghouse subsidiary Bitnomial. This development comes after US President Donald Trump's statement that his administration is working to bring the platform to the US.