ICE Plans U.S. Hyperliquid-Based Perpetuals; HYPE Reaction Needs Follow-Through

ICE and TradeXYZ plan to seek approval for U.S. retail perpetual markets using Hyperliquid HIP-3 infrastructure; coverage reports HYPE gains of roughly 15–20% and $2.38B in HIP-3 open interest. Approval, launch timing, and resulting volume or fees remain uncertain, so the announcement and price jump are not standalone trade signals.