Intercontinental Exchange's partnership with Trade.xyz caused HYPE to surge by over 5%.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has partnered with Trade.xyz to introduce perpetual contracts to the regulated U.S. market. The marketplace will reportedly have its own independent clearing, customer identity verification (KYC), and anti-money laundering (AML) systems. Built on the Hyperliquid platform and using Trade.xyz products pegged to stock indices, commodities, and currency prices, the marketplace is currently awaiting regulatory approval. Following this news, HYPE rose more than 5% in the short term. (Source: Bloomberg)