HYPE cycle 🚀

The HYPE token is up double-digits after NYSE owner Intercontinental Exchange announced a deal to bring Hyperliquid-based perpetual futures to the United States.

Author

Stephen Graves
October 29, 2026

 

đź“ť What you need to know

Hyperliquid’s HYPE token jumped by double digits on Thursday after Intercontinental Exchange, the owner of the New York Stock Exchange, announced a deal to bring Hyperliquid-based perpetual futures to the U.S.

ICE will become the exclusive operator of regulated markets for Trade[XYZ], which runs real-world asset markets on Hyperliquid, and is taking a strategic stake in the company. The new markets still need regulatory approval and have no launch date. Investor Stan Druckenmiller, a Trade[XYZ] backer, said he looks forward to using the product, while ICE CEO Jeffrey Sprecher called it “additive to our futures markets, not a replacement for them.”

Hyperliquid's HYPE Jumps Double-Digits as NYSE Owner ICE Moves to Bring Its Perpetual Futures to the US

Intercontinental Exchange signed a deal with Trade[XYZ] to launch regulated perpetual futures built on Hyperliquid in the United States.

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Bitcoin (BTC)October 29, 2026
$80,762
â–˛ 0.8% (24h)
View live price

đź“Š Myriad Insight of the Day

Myriad prediction marketOctober 29, 2026
How much gold will it take to buy one Bitcoin next?
Resolves when the BTC/gold ratio hits 10 oz or 30 oz first
10 oz 57%30 oz 43%
  
Why it matters
One Bitcoin buys about 20 ounces of gold, halfway between this market's targets. Traders lean toward 10 ounces at 57%, a view that firmed this week. That would require Bitcoin to lose half its value relative to gold. Both assets are falling together: gold slipped 1.1% Thursday after hot PCE data lifted December rate-hike odds to 83%, per Reuters, while BTC has slipped 2.5% over the past month.
Source: Reuters
Trade on Myriad

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đź“š Watch & Learn

📹 WATCH: HYPE Partners with NYSE, YCombinator’s Crypto Picks and RH Chain + Tokenization with @Econoar

🎓 LEARN: What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.

🎓 LEARN: What Is Strategy (MSTR)? The Bitcoin Treasury Company

Strategy’s co-founder Michael Saylor pioneered the Bitcoin treasury playbook. Here’s what you need to know.

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