HYPE Risks $70 if Regulators Stall Hyperliquid Strategies' U.S. FCM Application

Hyperliquid Strategies, the Nasdaq-listed firm that holds HYPE as its main treasury asset, has asked U.S. regulators for broker status in futures. Approval would let a subsidiary serve American clients on markets built on Hyperliquid. The filing lands as HYPE struggles through a broad crypto selloff, and corporate buying has failed to stop the slide. Traders now want to know whether the token can hold its longer-term trend during a review of uncertain length. Hyperliquid Strategies (NASDAQ: PURR) has filed to register as a futures commission merchant (FCM). If regulators approve, a subsidiary could carry accounts for U.S.

Source: Crypto Daily