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Elon Musk shows interest in US approval for Hyperliquid crypto derivatives, boosting HYPE token.

Market News
29 Oct 2026, 18:53 WIB
Crypto Briefing
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Bullish
Elon Musk shows interest in US approval for Hyperliquid crypto derivatives, boosting HYPE token.

Elon Musk expressed interest in billionaire Stanley Druckenmiller's investment to bring Hyperliquid-native perpetual futures to the US market, pending Commodity Futures Trading Commission (CFTC) approval. This move signals growing institutional attention on decentralized crypto derivatives. The HYPE token surged 9-13% following the announcement, reflecting positive market sentiment. Investors are now watching closely for the CFTC's decision, which could further influence crypto futures trading in the US.

The HYPE token is currently trading at Rp1.716.599 on Pluang, showing a strong 18.30% increase in the last day. As of Oct 29, 2026 23:02 WIB, the market cap stands at Rp429.47 trillion with a 24-hour trading volume of Rp33.51 trillion, while Pluang users show a 59% sell and 41% buy order split.

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