CFTC approves first US stock perpetuals, sending Hyperliquid’s HYPE higher

The CFTC has approved the first-ever regulated US stock perpetuals, a decision that validates Hyperliquid's core trading architecture. HYPE rallied on the news as traders bet the approval strengthens the platform's position in perpetuals markets. A regulated path for stock perpetuals could pull more institutional volume into on-chain derivatives, making the approval a meaningful catalyst for Hyperliquid and the broader perp sector.