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Billionaire investor Stanley Druckenmiller had never posted on X — until Thursday. He used his first X post to disclose an investment in Trade[XYZ], without revealing financial details.

Druckenmiller wrote that he is “excited to be an investor in trade(xyz).” Trade[XYZ] is collaborating with Intercontinental Exchange, the owner of the New York Stock Exchange, to bring a 24/7 product built on Hyperliquid to the U.S.

Hyperliquid is a crypto exchange best known for “perpetual futures”: contracts that don’t expire, letting traders hold positions for as long as they meet margin requirements. It is…