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ICE invests in Trade.xyz, which plans to launch CFTC-regulated perpetual contract products based on Hyperliquid in the US.
Meanwhile, Trade.xyz announced an investment from Intercontinental Exchange (ICE, parent company of the New York Stock Exchange) and plans to launch 24/7 regulated perpetual futures products in the US, based on Hyperliquid, covering equities, indices, commodities, currencies, and cryptocurrencies, pending CFTC approval. Stanley Druckenmiller has also joined as a Trade.xyz investor; his family office earlier this year disclosed holding a $23 million position in Hyperliquid Strategies. The Hyperliquid token (HYPE) surged over 20% at one point before retreating due to the Binance incident.
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Previous: Binance was hit by a hacker attack of approximately $6.4 billion, the largest theft in crypto history, and has reserved over $6.34 billion to cover the losses.
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Next: TRM and Chainalysis attribute the $6.4 billion Binance hack to North Korea's TraderTraitor group. Binance has allocated $6.34 billion of its own funds to cover the losses.
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