Call-buying bonanza around Trump's Hyperliquid comments includes some eyebrow-raising trades

Traders work on the floor of the New York Stock Exchange. NYSEWednesday was already shaping up to be the best for crypto assets in recent memory, with bitcoin trading the highest since June as President Donald Trump scheduled a meeting with industry leaders.Then the big news hit.Around 3 p.m. ET, the president hinted at regulating Hyperliquid, the decentralized exchange owned by publicly traded Hyperliquid Strategies (PURR) that's been garnering popularity among traders as the home base of "perpetual futures" trading – the swap-like derivatives contracts with high leverage and no expiration that have been a thorn in the side of incumbent exchanges this year – despite U.S. residents not being allowed on the platform."I understand that [Commodity Futures Trading Commission Chair] Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion," Trump said in a press conference.Shares of Hyperliquid surged 30% before the closing bell, bringing the stock's year-to-date gain to more than 163%. HYPE, the digital token that powers the exchange's blockchain-based settlement and operations, jumped 18% to just below record highs. Shares of Cboe...