W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/20/2026

HYPE Token Jumps 11% as Trump Signals CFTC Effort to Bring Hyperliquid Onshore

What happened: HYPE, the native token of the Hyperliquid perpetual futures platform, surged 11% after President Donald Trump stated that CFTC Chair Michael Selig is working to bring Hyperliquid into t

HYPE Token Jumps 11% as Trump Signals CFTC Effort to Bring Hyperliquid Onshore

What happened: HYPE, the native token of the Hyperliquid perpetual futures platform, surged 11% after President Donald Trump stated that CFTC Chair Michael Selig is working to bring Hyperliquid into the U.S. under federal regulation. The announcement came during a high-profile White House meeting with executives from Coinbase, Ripple, Robinhood, Kraken, Gemini, and Chainlink, as well as leaders from the SEC and CFTC. Hyperliquid Strategies Inc. shares spiked up to 31% intraday, while HYPE’s market cap reached approximately $17.6 billion.

Why it matters: The remarks indicate growing political and regulatory momentum to attract offshore crypto derivatives platforms to the U.S. market. However, Trump did not specify what a compliant Hyperliquid would entail, and the CFTC has not formally approved any onshoring plans. CNBC flagged suspicious call-buying activity in HYPE ahead of the announcement, raising questions about potential information leaks and market integrity.

Source: CoinDesk