PANews reported on June 17th that, according to a video shared by Alex Thorn, Head of Research at Galaxy Digital, on the X platform, Binance founder Changpeng Zhao commented on Hyperliquid, stating that the platform's innovation is outstanding and it occupies a niche market that Binance cannot compete in. Zhao pointed out that while Hyperliquid lacks KYC and claims to be decentralized, based on his own experience, he would not adopt the same practices as Hyperliquid, speculating that the latter has a professional legal team to support it.