The HYPE token surged 14.1% in 24 hours, rising above $91, following the announcement of an agreement between Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, and Trade[XYZ]. The agreement aims to offer U.S. investors perpetual contracts on stocks, commodities and currencies through Hyperliquid, using infrastructure provided by the platform. ICE will operate the regulated market and its clearing house, while Trade[XYZ] will design the contracts. The project remains subject to approval from the Commodity Futures Trading Commission, and no launch timeline has been announced. HYPE’s market capitalization reached $21.9 billion, placing it 6.5% below its record high of $97.94.
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