ICE partners with Hyperliquid to bring 24/7 perpetual futures to U.S. market

Intercontinental Exchange, owner of the New York Stock Exchange, plans to launch a regulated U.S. version of Hyperliquid's round-the-clock perpetual futures market, pending approval. ICE will take a minority stake in TradeXYZ. Hyperliquid's token HYPE rose 19.9% to $95.89 in 24 hours, and shares of Hyperliquid Strategies (PURR) jumped 21.8%. Bitwise Chief Investment Officer Matt Hougan noted 99.9% of Americans are unaware of the platform.