CME, ICE Push U.S. Regulators to Scrutinize Hyperliquid over ...
- CME Group and Intercontinental Exchange urged the Commodity Futures Trading Commission on Friday to scrutinize Hyperliquid, citing risks of market manipulation and sanctions evasion within the decentralized exchange's anonymous trading environment.
- Exchanges warned regulators that Hyperliquid's anonymous structure could distort global oil benchmarks and potentially allow state-backed entities to circumvent financial sanctions, threatening the integrity of prices that producers and traders rely on.
- Oil-Linked contract volumes on Hyperliquid surged past $700 million daily in April as traders increasingly utilized perpetual futures, or "perps," to speculate on price movements without expiration dates or physical delivery requirements.
- The Hyperliquid Policy Center is seeking a legal path for Americans to trade on the platform, with spokesperson Bridgett Frey stating the group is optimistic the CFTC will create a "framework tailored to on-chain derivatives markets."
- CME is testing 24/7 crypto futures launching in late May to compete with decentralized venues, as executives warn traditional exchanges might be forced to adopt round-the-clock trading to retain market share.
36 Articles
36 Articles
CME, ICE push U.S. regulators to scrutinize Hyperliquid over ...
CME, ICE Push US to Curb Crypto's Offshore Oil Trading Upstart
(Bloomberg) — Intercontinental Exchange Inc. and CME Group Inc. are pressing the US to rein in Hyperliquid, a fast-growing and unregulated crypto platform the exchanges say could skew global oil prices and be exploited for price manipulation.
Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push
Legacy exchange operators CME Group and ICE are reportedly lobbying U.S. authorities to force federal oversight onto Hyperliquid. The crypto community and the Hyperliquid Policy Center fiercely rejected the claims, arguing that public blockchain ledgers offer total transparency. Legacy Exchanges Raise National Security Alarms In what is shaping up to be a clash between traditional […]
American stock market giants CME Group and Intercontinental Exchange want regulators to crack down harder on crypto platform Hyperliquid. According to Bloomberg, the companies fear the platform could be used to manipulate global oil prices through anonymous trading. The concerns focus primarily on Hyperliquid's rapid growth within derivatives trading. The platform... The post CME and ICE want stricter rules for Hyperliquid appeared first on Bloc…
ICE and CME Push U.S. Regulators to Rein In HYPE Token Energy Markets
Intercontinental Exchange and the Chicago Mercantile Exchange want regulators to act. Both giants are pressing U.S. oversight bodies to take… Read the original on ICE and CME Push U.S. Regulators to Rein In HYPE Token Energy Markets. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
HYPE Falls 6% As CME, ICE Target Hyperliquid Over Oil Risks
Hyperliquid’s HYPE token retreated roughly 6% on Friday after Bloomberg reported that CME Group and Intercontinental Exchange are pressing US officials to scrutinize the decentralized exchange’s role in offshore oil-linked trading. The move puts one of crypto’s fastest-growing derivatives venues in direct tension with two of the most powerful incumbents in global commodities markets. HYPE traded near $43.81 after reaching an intraday high of $46…
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