Hyperliquid Draws ICE Talks, Grayscale $115M Seed, and HYPE ETF Surge as SPACEX Perp Flash-Crashes 45%
Tech Hyperliquid Draws ICE Talks, Grayscale $115M Seed, and HYPE ETF Surge as SPACEX Perp Flash-Crashes 45% Intercontinental Exchange chair and CEO Jeffrey Sprecher confirmed that the parent of the New York Stock Exchange has held multiple meetings with the Hyperliquid team to map overlapping territory in the onchain perpetual futures market. Speaking at a Bernstein conference, Sprecher said ICE is pressing U.S. regulators for a “level playing field” rather than seeking to suppress the protocol, framing recent Capitol Hill discussions as exploratory. The remarks follow reports that ICE and CME pushed the CFTC to scrutinize Hyperliquids role in 24/7 oil derivatives. Sprecher signaled ICE wants entry into the segment, citing surging non-crypto activity during weekend sessions linked to Middle East volatility. Grayscale advanced its proposed spot product with an amended S-1 filing that rebrands the vehicle as the Grayscale Hyperliquid Staking ETF under the Nasdaq ticker HYPG. The asset manager disclosed it is negotiating a seed capital arrangement with Hyper Holdings Global LP to exchange fund shares for 2 million HYPE tokens, worth roughly $115 million at Thursdays prices. The disclosure surfaced inside the amended prospectus and was flagged by ETF analysts probing the identity of the counterparty. The filing follows earlier








