The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.

The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.

Deployers can set fees of up to 50% but face slashing by validator vote for poorly defined or unsettled markets, under terms Hyperliquid calls preliminary.

Bitcoin and Ethereum funds pulled in a combined $181 million over the same week as HYPE's nine-week inflow streak broke.

The venue's HIP-3 markets for stocks, commodities and indices first topped its native crypto volume on July 8 and have led on several trading days since — though they fade on weekends, and single-name stocks alone still trail crypto

The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.

Ventuals froze its OpenAI and Anthropic pre-IPO markets at 24-hour average prices and is returning deposited HYPE to users as the team folds into another Hyperliquid-ecosystem project.

Hyperliquid's HIP-3 framework — which lets anyone deploy a perpetual futures market on the protocol's settlement layer — cleared $62 billion in May volume, pushing the venue to a record 6.63% share of global perps and 14.4% against Binance.