Hyperliquid's Big Stamp of Approval — and Why CME Wants It Shut Down

Hyperliquid signed a USDC deal with Coinbase and Circle, replacing USDH as the platform's preferred stablecoin. The hype token jumped 17% on the news, and David Sencil reads the move as a "stamp of approval" — Circle had to share yield with Hyperliquid to be on the platform. But CME and ICE, the two largest TradFi derivatives exchange operators, are lobbying regulators hard to clamp down on Hyperliquid's 24/7 on-chain oil and commodity futures. David's response: "When you are beat on product, the thing you do is go cry to regulators." Arthur Hayes had a simpler take: long live hype. David also relays his interview with CFTC Chairman Michael Selig from Vegas, who told him Hyperliquid is "on our radar" — but not first in line. In this clip: - The Circle / Coinbase / USDC deal and what it means for USDH - Why David sees this as a "stamp of approval" for Hyperliquid - CME and ICE lobbying regulators — "the classic not capitalistic response" - Arthur Hayes: "go F themselves long live hype" - Jeff in Washington — what Hyperliquid's regulatory engagement signals - David's interview with CFTC Chairman Michael Selig in Vegas - Is regulation bullish or bearish for Hyperliquid long-term?