A strategic partnership between Hyperliquid and Kraken (via parent company Payward) is highlighted as a potential bullish move for regulatory compliance and market expansion in the U.S. Payward has been aggressive with acquisitions, recently agreeing to acquire Bitnomial for up to $550 million in cash and stock in a transaction valuing Payward's equity at $20 billion, alongside acquiring NinjaTrader. These acquisitions give Payward complete CFTC licensing (FCM, DCM, DCO) across prediction markets, futures, and options to build a fully regulated derivatives platform.