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Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures. Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller. HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96. Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.
The exchange cited legal and regulatory compliance in its reason for cutting off services to users based in the two countries, currently the targets of international sanctions. Cryptocurrency exchange KuCoin announced that it would immediately suspend services for its users in Russia and Belarus, citing legal and regulatory compliance concerns. In a Thursday notice, KuCoin said it had suspended access to all products and services for users based in Russia and Belarus. According to the exchange, it would offer an “orderly exit process” to allow users to withdraw assets. “Compliance is at the core of our operations and guides our decisions on where and how we offer our services,” said the exchange in a Thursday X post regarding the service suspension.
The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE's parent company. His family office previously reported owning shares in a HYPE-focused treasury company.
Circle’s SEC letter seeks separate permissions for offerings, brokerage capital and customer reserves, showing where issuer regulation leaves further decisions. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption. Canton Strategic Holdings, a Nasdaq-listed company formerly known as biotechnology firm Tharimmune, announced plans to tokenize its common shares on the Canton Network, with trading expected to begin as soon as Nov. 2. According to a Thursday announcement, the company partnered with TSV LLC, a trading venue for tokenized securities, and Fairmint, a US Securities and Exchange Commission-registered transfer agent, to bring its shares onto the blockchain. The tokenized shares would carry the same shareholder rights as the company’s Nasdaq-listed stock. The Nasdaq-traded issue, under the ticker CNTN, currently trade an av…
Something potentially transformative could hit NEAR Protocol by January 1, 2027. Mark Zuckerberg’s Meta AI predicts that in an intentionally extreme, over-the-top scenario built around a hypothetical landmark catalyst, NEAR could go parabolic over Q4.The idea centers on NEAR being formally selected as the core blockchain infrastructure for a major global decentralized physical infrastructure (DePIN) …
ICE says more than 99% of its market participation is institutional today. The retail perps get their own clearing structure, which ICE says keeps its hedgers clear of retail counterparty risk.
Intercontinental Exchange signed a deal with Trade[XYZ] to launch regulated perpetual futures built on Hyperliquid in the United States, sending HYPE soaring.
The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts. Prediction market platform Kalshi has closed a $1 billion funding round at a $40 billion valuation, Reuters reported Thursday, as the company expands beyond sports betting into financial markets. The Series G round was co-led by Wellington Management and Sequoia Capital. Kalshi also said its non-sports markets now generate more than $1 billion in annualized revenue, according to The Wall Street Journal. The financing was first reported in September, when Kalshi was said to be seeking $1 billion at the same valuation. Thursday’s announcement confirmed the completion of the round.
BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss. Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates. Key points: Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close.
The October 28 advisory identifies four patched releases, but 29.x is now at end of life. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Walmart, Eli Lilly, Cigna, Carniva,l and Arcos Dorados objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 38.
The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process. The French Senate adopted a bill to allow tax authorities to automatically exchange crypto transaction data with their foreign counterparts. The bill passed its first reading on Tuesday and was then transmitted to the National Assembly as Bill no. 3421 for consideration. The bill covers an agreement on exchanging crypto tax information and an update to an existing agreement on financial account information.
