CME Is “Concerned” About Hyperliquid… or Just Losing Flow? They had Hyperliquid up on a screen yesterday. Think about that. And now suddenly it’s “market manipulation” and “sanctions evasion” investigations? No. Call it what it is. They’re not scared of manipulation. They’re scared of competition. They’re scared of a product that trades 24/7, moves faster, and is eating market share from everyone else. Hyperliquid isn’t the problem. It’s the disruption. It’s the fact that a better tool is pulling volume and traders away in real time. That’s what this is about. Just call a spade a spade. Hyperliquid.