HYPE Token Surges 15% After Hyperliquid CFTC Response
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Hyperliquid, a decentralized finance platform, saw its native HYPE token rally 15% following a regulatory response from the U.S. Commodity Futures Trading Commission (CFTC). The move signals growing institutional engagement with DeFi protocols amid evolving oversight.
Market participants interpreted the CFTC’s stance as a tentative endorsement of Hyperliquid’s compliance framework. Liquidity surged on decentralized exchanges, though no major centralized platforms currently list the token.
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