NYSE Parent Plans Hyperliquid Perps With Trade[XYZ], Abstract Fallout Hits Pudgy Penguins

The parent company of the New York Stock Exchange is teaming up with Trade[XYZ] to pursue regulated U.S. perpetual futures markets built on Hyperliquid, sending HYPE higher and drawing attention from billionaire investor Stan Druckenmiller. Meanwhile, Abstract's planned shutdown continues to create backlash, with longtime Pudgy Penguins supporters questioning broken promises and the damage to community trust. On the other side of the NFT market, Mudwater's expanding collector features and renewed BAYC momentum show what successful community execution can look like.

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