Hyperliquid’s HYPE token recorded a sharp price increase after the U.S. Commodity Futures Trading Commission (CFTC) approved trading of perpetual futures on individual stocks, known as Equity Perpetuals, for the first time. According to a statement from the CFTC dated November 3, 2026, equity perpetual contracts have gained the status of security futures within the regulatory oversight of both the CFTC and the Securities and Exchange Commission (SEC). These contracts can now be traded on exchanges registered under both agencies.