Hyperliquid’s HYPE token surged about 13%, rising from $80.69 to a high of $92.10 on KuCoin after Intercontinental Exchange announced a deal with Trade[XYZ]. The owner of the New York Stock Exchange will become the exclusive operator of Trade[XYZ]’s regulated markets and will take a strategic stake in the company. ICE will build a dedicated retail market and clearing structure, subject to regulatory approvals and with no launch date. HYPE’s market capitalization now stands at roughly $22.4 billion, while its price remains about 7% below its September record near $98.
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