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NYSE Parent Company CEO Calls for Regulated Trading Platforms to Launch 24/7 On-Chain Perpetual Contracts, Stressing the Need for a Level Playing Field

3 hours ago

May 29 — Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), called on regulators to set up a "level playing field" for regulated exchanges to roll out 24/7 on-chain perpetual contracts. He noted that crypto-native platforms like Hyperliquid already offer on-chain perpetual trading, while traditional exchanges are barred from similar operations. Sprecher revealed ICE has held multiple conversations with Hyperliquid to assess the growth of the on-chain perpetual contract market. He added that traditional finance is actively exploring 24/7 trading for assets such as stocks and commodities through blockchain infrastructure. He also lauded Hyperliquid’s rapid development, saying, "If you haven’t heard of it yet, it’s already bigger than Nasdaq" — though reports clarify Hyperliquid’s actual trading volume remains far smaller than Nasdaq’s, a remark highlighting competitive pressure from crypto derivatives platforms on traditional exchanges. Previously, ICE has invested in OKX and partnered with Securitize to build on-chain stock trading infrastructure that supports 24/7 trading and settlement.
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A certain whale made a 25x long position on 12,900 ETH, equivalent to $26.1 million.

On May 29, on-chain analyst Excalibur reported that a crypto whale opened a 25x leveraged long position on Hyperliquid, using 12,900 ETH worth roughly $26.1 million. The trade’s average entry price came to $2,011.7, and its liquidation price sits at just $1,967.1—meaning it’s only a $45 gap from the entry level, an extremely tight safety buffer for such a leveraged trade.

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Hyperliquid Lobbying Organization Welcomes CFTC Approval of US First Ever Perpetual Contract, Says Regulation Acknowledges Perp Market Value

**Hyperliquid Policy Center Hails CFTC’s New Perpetual Contract Rules** May 29 – The Hyperliquid Policy Center, a lobbying arm for Hyperliquid, welcomed the Commodity Futures Trading Commission’s (CFTC) latest regulatory moves on Thursday. The actions include the U.S.’s first-ever listed perpetual contract approval, a policy statement outlining perpetual derivatives listing rules, accompanying interpretive guidance, a no-action relief letter, and a staff advisory addressing 24/7 trading, clearing, and settlement. The policy center stated these measures mark regulators’ first clear acknowledgment of perpetual contracts’ legitimacy and core role in price discovery and risk management. It emphasized that prior regulatory ambiguity drove market activity and liquidity offshore, weakening America’s competitiveness in the global derivatives sector. The center also expressed its intention to deepen collaboration with the CFTC to build a regulatory framework applicable to both centraliz

4 minutes ago

HYPE's Largest Long and Short Positions Face Off: A Whale's Long Position Shows Unrealized Gains of Over $36.7 million, While Loracle's Short Position Shows Unrealized Losses of Over $34.5 million

On May 29, HyperInsight’s monitoring shows HYPE has climbed above $65, hitting a brand-new all-time high. The whale address “0x082” that went long on HYPE is now sitting on over $36.7 million in unrealized gains. Meanwhile, another whale—Loracle (@loraclexyz)—is facing more than $34.5 million in unrealized losses from their HYPE short position.

4 minutes ago

Bitcoin Breaks $74,000

On May 29, HTX market data indicates Bitcoin has topped $74,000, with a 1.6% gain over the past 24 hours.

4 minutes ago

HYPE Surpasses $65, Setting a New All-Time High

May 29 update: Per HTX market data, HYPE has surged past $65, now trading at $65.71, marking a 14.1% 24-hour gain and hitting a new all-time high.

4 minutes ago

Analyst: ETH Faces Downward Pressure, $1800 Key Support Level

May 29th — A crypto analyst says Ethereum (ETH) is still facing near-term downward pressure, with the market closely watching its $1,750-$1,800 support zone. A CryptoQuant analyst points out ETH’s current leverage ratio remains elevated, while funding rates stay positive — indicators that long positions still dominate trading. Yet fresh lows keep printing on ETH’s price chart, signaling a fragile overall market structure. Meanwhile, Binance’s cumulative net inflow has dropped to roughly -$744 million, a sign sellers are still in control of the market. Turning to institutional demand, the U.S. Ethereum spot ETF has logged 13 straight trading days of net outflows, totaling about $695 million — a clear sign institutional appetite for ETH is steadily cooling. Analyst Suraj Jha highlights the $1,700-$1,800 range as a buy zone worth noting, but warns that if this support level breaks, ETH could extend its downward slide. Another analyst, Crypto Patel, argues ETH needs to hold above $1,750 t

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