HYPE, the native token of Hyperliquid, rose 4.8% after Payward, Kraken’s parent company, announced plans to launch a regulated U.S. perpetuals market on the platform. Payward would become the first Commodity Futures Trading Commission-regulated entity to deploy Hyperliquid’s HIP-3 infrastructure, which is currently in testnet. Bitnomial would handle market creation, while NinjaTrader Clearing would manage customer accounts. The launch remains subject to regulatory review, and prediction markets assign a 23% probability of HYPE reaching $100 by December 31, 2026.
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