Breaking》CME teamed up with NYSE to urge the U.S. to strengthen regulation on Hyperliquid, $HYPE plunged nearly 10% in the short term

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Hailed as the "on-chain Binance," Hyperliquid has become a target of strong backlash due to its towering presence! According to the latest Bloomberg report, the Chicago Mercantile Exchange (CME) and the New York Stock Exchange (NYSE) are actively lobbying U.S. regulators to tighten oversight of Hyperliquid, pointing directly to risks of market manipulation and sanctions evasion. However, analysts indicate that the real reason traditional giants are taking action is their fear of the immense competitive pressure brought about by its 24/7 uninterrupted trading liquidity. Affected by this bearish news, the HYPE token plunged nearly 10% in the short term. (Background: Hyperliquid's open scheme: wanting to break free from Circle, becoming a USDC validator node seven months later) (Context: Coinbase dominates Hyperliquid liquidity! Acquires USDH brand assets, USDC becomes the sole official quoted stablecoin) The explosive growth of decentralized derivatives trading leader Hyperliquid in recent years seems to have made traditional Wall Street financial giants feel a direct threat. According to the latest report from Bloomberg today (15th), CME Group, the world's largest derivatives market, is joining forces with the New York Stock Exchange (NYSE) to actively push U.S. regulators to strengthen regulatory scrutiny over Hyperliquid. Three Core Concerns Behind CME and NYSE's Pressure As a decentralized perpetual contract exchange primarily operating on-chain, Hyperliquid not only offers cryptocurrency derivatives but is also actively expanding into the tokenized commodities market. The report states that the core concerns raised by traditional financial giants to regulators (such as the CFTC) mainly involve three points: - Market manipulation risk: Traditional institutions believe that Hyperliquid's decentralized nature leads to insufficient transparency, easily breeding market manipulation behaviors (such as the malicious liquidation squeeze incident that previously erupted with the JELLY token). - Sanctions evasion and compliance loopholes: As an offshore platform operating on-chain, it could be used by bad actors to circumvent U.S. financial sanctions or anti-money laundering (AML) regulations. - Direct impact on traditional markets (competitive pressure): This is the most critical pain point. During weekends or when traditional institutions like CME are closed (such as during sudden geopolitical conflicts), Hyperliquid provides 24/7 round-the-clock liquidity for commodity derivatives such as crude oil. This has made it a highly threatening competitor to traditional institutions. Actively Pursuing Compliance, HYPE Token Price Plunges 10% in the Short Term Ironically, although NYSE participated in pushing for regulation, the related ETF recently launched by Bitwise (such as BHYP) is precisely listed on NYSE. This shows that traditional finance both fears this emerging force and wants to profit from it. To respond to the potential regulatory storm, Hyperliquid had actually already launched self-rescue actions. The platform recently established the "Hyperliquid Policy Center," actively lobbying institutions such as the CFTC, attempting to secure a clear compliance path for decentralized derivatives. Currently, this wave of regulatory action is still in the "pushing" stage, with no formal enforcement landing yet. However, the cryptocurrency market has always been extremely sensitive to regulatory news. Hit by the bearish sentiment from this Bloomberg report, Hyperliquid's native token HYPE encountered massive selling pressure in the short term, with its price quickly dropping nearly 10%. Investors should closely monitor the subsequent formal stance of U.S. regulators and the platform's compliance adjustment progress.

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