XLM Rallies on Major Partnership While Regulators Push for Onchain Market Clarity

XLM Rallies on Major Partnership While Regulators Push for Onchain Market Clarity

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Stellar's native token, XLM, experienced a significant rally of over 50% following a major partnership announcement between the Stellar Network and US financial giant DTCC, though analysts caution about potential downside risks. Concurrently, the parent company of the New York Stock Exchange (NYSE), ICE, is urging regulators to establish a "level playing field" for the growing market of 24/7 onchain perpetual contracts, a segment already active on platforms like Hyperliquid.

XLM rallied after US financial giant DTCC announced a partnership with the Stellar Network, but it still risks a sharp downside in the coming weeks.

ICE’s CEO said regulators need to create a “level playing field” for launching 24/7 onchain perps contracts, which are already trading on exchanges such as Hyperliquid.