According to a disclosure by Bloomberg on August 31, Hyperliquid is in in-depth talks with Kraken’s parent company, Payward, with plans to use Bitnomial’s U.S.-compliant license to route on-chain derivatives into domestically regulated channels. If this goes through, it would mark the first time liquidity for leading on-chain derivatives is integrated into a U.S. compliant framework. Trump recently also specifically called out that he wants to help it come ashore, and the regulatory climate is indeed shifting. The news has driven $HYPE to maintain strength, but ultimately this still needs CFTC approval; based on past timelines, it will likely take years to materialize—so it can’t be rushed.

#HYPE #Market Update