Hyperliquid's US Entry Sparks $HYPE Surge Towards $100

Hyperliquid's token, $HYPE, has gained around 4.5% over the past 24 hours to trade near $84.

This price surge comes as Hyperliquid Strategies announced last week that US President Donald Trump had stated on August 19 that CFTC Chairman Michael Selig was working on bringing Hyperliquid into the United States through a compliant structure.

Further reporting has revealed that Hyperliquid Labs is in advanced talks with Payward, Kraken's parent company, to offer some Hyperliquid-linked perpetual futures to US traders through Bitnomial, Payward's CFTC-regulated derivatives exchange and clearinghouse.

The proposed arrangement would provide American traders with exposure to Hyperliquid-linked contracts through regulated infrastructure without opening Hyperliquid's existing decentralised front end directly to the US market.