Rare Stanley Druckenmiller post sends crypto-linked stock surging — SkimNews
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- TradeXYZ announced a Thursday partnership with ICE to bring its perpetual-futures markets on Hyperliquid onshore in the U.S., with the companies saying they are seeking regulatory approvals.
- Druckenmiller posted on X that he was “excited to be an investor in trade(xyz)” and planned to use its product to enhance his investment process; his representatives confirmed the statement to the Financial Times.
- Hyperliquid Strategies shares surged 19% to a three-week high after the post, making PURR the closest publicly traded play on Hyperliquid and its HYPE token.
- PURR options trading exceeded 111,000 on Thursday, more than six times the 30-day average; nearly 86,000 calls traded against fewer than 27,000 puts, with only one of the top 10 trades involving put-buying.
- David Schamis said the ICE deal demonstrates demand for perpetual-futures trading and is a step toward regulated trading of the asset class.
- PURR’s most popular trades by volume were selling the $13 put expiring Dec. 18 and buying the $13 call expiring Nov. 6; together, they resembled a bullish risk reversal pairing short-term upside with confidence the stock would not fall below $13 by year-end.
- Trump said in a surprise August comment to reporters that regulators were working to bring Hyperliquid onshore.
Why it matters: Hyperliquid Strategies served as the closest listed proxy: its shares rose 19% and options volume ran at more than six times the 30-day average. ICE’s regulatory-approval push also puts Hyperliquid’s perps on a stated path into U.S. traditional-finance channels, with calls heavily outnumbering puts.
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