Hyperliquid's HYPE Sets $66.84 Record After CFTC Clears Kalshi BTCPERP Perps

Hyperliquid's HYPE token climbed to a new all-time high of $66.84 after an initial sell-off tied to the CFTC's approval that enables Kalshi to offer the first U.S.-regulated perpetual futures. The move followed a brief 3% drop to $62 as traders weighed whether a regulated U.S. venue could divert some institutional liquidity from DeFi derivatives.