CoinDesk
CME Group and Intercontinental Exchange have taken their competitive battle with Hyperliquid to Washington, urging CFTC officials and Capitol Hill lawmakers to scrutinize the decentralized perpetual futures platform over risks of market manipulation and sanctions evasion. According to a Bloomberg report, the two exchange giants warned that Hyperliquid's anonymous, 24/7 trading environment could allow bad actors to distort global oil benchmarks or enable state-backed entities to circumvent U.S. financial restrictions.
The pressure campaign arrives as Hyperliquid has become one of crypto's fastest-growing venues, recently securing Coinbase as its official USDC treasury partner and Circle as a collaborator — moves that deepened its ties to mainstream U.S. crypto infrastructure. Its HIP-3 synthetic markets, which let users trade leveraged exposure to stocks and commodities, place it in…
TheBlock
WuBlockchain