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Hyperliquid Backs 24/7 Crypto Trading in CFTC Comments Submission

  • On May 23, 2025, Hyperliquid engaged in discussions with the CFTC by submitting comments supporting 24/7 perpetual futures trading to align with U.S. Regulations.
  • This action follows the CFTC's April 21 public comment requests and reflects growing industry efforts for clearer regulatory frameworks amid expanding digital asset markets.
  • The positive regulatory engagement coincides with Hyperliquid's strong market momentum, marked by a 15% price rise, a 130% volume surge, and breaking the $28 resistance today.
  • Key metrics include open interest hitting $8.9 billion, daily trading fees at $5.4 million, and USD Coin TVL reaching $3.2 billion, alongside the token HYPE trading near its $35 all-time high.
  • These combined factors suggest that Hyperliquid's regulatory alignment and market growth may enhance institutional interest and foster greater market stability in the DeFi space.
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http://coinprofitnews.com broke the news in on Thursday, May 22, 2025.
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