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Hyperliquid's HYPE token hits $67 as US regulators approve first perpetual futures contract.

Market News
30 May 2026
Bitcoin
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE reached a record high of $67.24 following the U.S. Commodity Futures Trading Commission's approval of the first perpetual futures contract on a regulated U.S. exchange. This regulatory milestone, along with strong endorsement from Grayscale and the New York Stock Exchange, has boosted confidence in Hyperliquid, which processed $2.9 trillion in perpetual volume in 2025 and earned $800 million in fees. Investors are now watching for the SEC's decision on a spot HYPE ETF, which could further legitimize and expand institutional participation in the market.

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