WuBlockchain
Stanley Druckenmiller said he has invested in Trade.xyz and backed its partnership with Intercontinental Exchange (ICE) to bring 24/7 perpetual contract trading to the US market. Elon Musk retweeted Druckenmiller’s debut post on X, commenting, “Interesting.” HYPE rose 17.64% to $94.64, leaving it 4.3% below its all-time high.
Why it matters
Druckenmiller said he looks forward to using Trade.xyz’s products as an active market participant. His investment and support put a prominent traditional finance investor behind the platform’s push into US perpetuals.
Market impact
HYPE’s sharp gain followed the news, bringing the token close to its record. The move ties market attention to Trade.xyz’s ICE partnership and the prospect of round-the-clock perpetual trading in the US.
Frequently asked questions
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What is Trade.xyz partnering with ICE to bring to the US market?
The partnership aims to bring 24/7 perpetual contract trading to the US market.
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What did Druckenmiller say about using Trade.xyz?
He said that, as an active market participant, he looks forward to using the platform’s products to support his investment decision-making.
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How did Elon Musk respond to Druckenmiller’s post?
Musk retweeted Druckenmiller’s post on X and commented, “Interesting.”
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How much did HYPE gain, and what was its price?
HYPE gained 17.64% to reach $94.64.
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How close was HYPE to its all-time high?
HYPE was 4.3% below its all-time high.
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