Pump.fun has introduced a Hyperliquid-powered perpetual futures interface, with published fees of up to 0.10% per order and access restrictions covering the United States and Ontario.
Summary
Pump.fun has introduced perpetual futures trading through Hyperliquid’s infrastructure. Published fees reach 0.10% per order and 0.25% per bridge transfer. Hyperliquid handles orders, margin, funding payments, liquidations, and settlement. The perpetual trading feature restricts access for users in the United States and Ontario. Pump.fun’s terms, updated Oct. 17, describe the service as a software interface that sends signed trading instructions to Hyperliquid. The protocol handles orders, margin, funding, liquidations and settlement, while Pump.fun says it does not act as the counterparty.
Pump.fun perpetuals follow earlier trading-data discovery The platform’s public website now lists a Perps section alongside its existing trading products. Its accessible market page displayed a market table during this review, although individual contract details did not load.
Reporting on Oct. 16 put the maximum leverage at 40 times for Bitcoin and 25 times for Ether. CoinLaw attributed those figures to a Pump.fun application data response identified on Oct. 9, which contained prices, funding rates, open interest, and trading volumes.
The earlier data discovery and the current published product documents establish different stages of the rollout. CoinLaw’s report cautioned that the application data alone did not establish whether users could place orders.
Published fees cover orders and bridge transfers Pump.fun’s fee schedule sets a builder fee of up to 0.10% of each order’s notional value, covering orders that open, add to, or close a position. Users approve that fee by signature when first using the service, and the charge appears separately before order confirmation.
A second charge applies when customers move assets through the bridge available in the app. Pump.fun lists a fee of up to 0.25% per transfer to or from Hyperliquid, charged on top of the bridge operator’s own fees.
The schedule says the app may combine those two bridge charges into one displayed figure. Hyperliquid’s trading and funding charges remain separate, as does its one-time account activation fee, which the protocol deducts from the first deposit.
Pump.fun explicitly excludes perpetual orders from its general Platform Fee. The same page lists that general charge at 0.45% for wallets without a referral code and 0.40% for wallets with another user’s code.
The documented rates are ceilings, not confirmation that every order or transfer will incur the maximum.
At the published maximum rates, a $10,000 order would carry a $10 builder fee, while a $1,000 bridge transfer would carry a $2.50 Pump.fun transfer fee. Those calculations exclude third-party charges and do not establish the rate applied to a particular customer.
HyperEVM trading preceded the derivatives integration Before the derivatives integration, Pump.fun added trading for HyperEVM tokens against USDC on Aug. 26, as crypto.news previously reported. The announcement covered existing tokens on HyperEVM, Hyperliquid’s Ethereum-compatible smart-contract environment.
Pump.fun described the earlier offering as carrying close to zero trading fees and providing referral rewards. Its announcement did not publish an exact fee schedule, so the August description should not be applied to the newly documented perpetual product.
Hyperliquid’s documentation identifies HyperEVM as part of the same blockchain as HyperCore, which operates the network’s spot and perpetual order books. HYPE pays transaction costs in the smart-contract environment.
The August coverage recorded $12.43 billion in daily perpetual trading volume and $82.47 billion over seven days, citing DefiLlama. Both figures describe activity at that historical snapshot, not available liquidity or current trading volume.
Revenue figures capture the businesses before integration CoinGecko’s revenue comparison offers a separate view of the two businesses before the integration. Its figures through Sep. 15 placed Hyperliquid at $429.04 million and Pump.fun at $322.21 million.
The study ranked Hyperliquid first and Pump.fun second in its adjusted comparison, which excluded Tether, Circle and Grayscale. According to the study, the pair generated a combined $751.25 million, representing 22.10% of the comparison pool.
Pump.fun’s revenue came mainly from token creation and trading fees linked to its Solana launchpad, the September coverage said. Hyperliquid’s revenue came from its trading business, with fees supporting community mechanisms that include HYPE purchases through the Assistance Fund.
CoinGecko treated the ranking as a fixed year-to-date snapshot. It did not capture the full month of September or establish either platform’s revenue after the perpetual interface appeared.
US restrictions remain separate from energy-perpetual proposals Pump.fun’s terms prohibit the perpetual feature for specified people and entities in the United States, including its territories, and Ontario. The restrictions extend to sanctioned parties and people acting on behalf of prohibited users.
The terms warn that leveraged positions can lose all posted collateral and that Hyperliquid can liquidate positions automatically.
Separate from Pump.fun’s product, Hyperliquid Policy Center and trade[XYZ] submitted an Aug. 26 filing seeking a regulated U.S. route for energy perpetuals. Their request covered West Texas Intermediate crude, Brent crude, and Henry Hub natural gas.
The filing responded to a CFTC review of continuous energy futures trading and perpetual contracts tied to physical or storable commodities. The groups argued that existing regulatory authority could accommodate the products without new legislation.
According to the filing, trade[XYZ] had operated markets on Hyperliquid since October 2025 and recorded more than $500 billion in cumulative volume across several asset classes. The submission proposed stablecoin margin, leverage limits, and regulated onchain market infrastructure.
Ethereum, XRP, and Hyperliquid face resistance as Celestia rallies and Lighter rebounds. Daily charts identify support levels and breakout tests for each coin.
Asset Price Rolling 24-hour change Aggregate 24-hour volume Ethereum (ETH) $2,425.66 −0.43% $11.90 billion XRP $1.31 −1.78% $1.36 billion Hyperliquid (HYPE) $79.99 −1.00% $642.82 million Celestia (TIA) $0.733617 +21.77% $302.67 million Lighter (LIT) $3.22 +5.38% $76.72 million Ethereum: MACD Weakness Eases Without a Bullish Crossover Ethereum closed October 16 at $2,420.22 on Kraken, down 0.79% from the previous daily close. Its $2,490.84 session high failed to extend the recovery, leaving price below the $2,527–$2,535 highs recorded earlier in the week.
Ethereum’s daily Kraken USD chart shows a narrowing negative MACD histogram, but no bullish crossover. Support lies at $2,390.35 and $2,313.42. Daily MACD, using 12- and 26-period exponential moving averages with a nine-period signal line, remained negative.
The MACD line stood at −38.59 against a −9.18 signal line. The histogram improved from −31.29 to −29.41, indicating a narrower bearish gap rather than a confirmed bullish crossover.
Four-hour MACD was above its signal line but still below zero at the latest completed candle. That supports a short-term recovery attempt, not confirmation that the daily decline has ended.
A daily price close above $2,490.84 would strengthen the case for another test of $2,527–$2,535. Holding above that second area would weaken the recent lower-high pattern.
A close below $2,390.35 would instead expose the October 15 low of $2,313.42 and invalidate the immediate rebound setup.
Compared with the October 16 report’s $2,435.07 snapshot, ETH was about 0.39% lower. The focus shifts from moving averages to momentum, but the need to reclaim overhead resistance remains unchanged.
XRP: RSI Slips as Support Near $1.28 Comes Into Focus XRP closed October 16 at $1.30952, down 1.79%. Its daily range remained above the October 15 low of $1.28274, but the lower close showed that the rebound had not established sustained demand.
RP’s daily RSI fell to 36.37 as price held above $1.28274–$1.28724 support. A close above $1.35208 would strengthen the recovery case. The 14-period daily RSI, calculated with Wilder smoothing, fell to 36.37 from 38.75. That reading remains below the neutral 50 level without reaching the conventional sub-30 oversold threshold.
It indicates weak momentum, not an automatic reversal signal. Four-hour RSI at 39.31 also remained below neutral.
The $1.28274–$1.28724 area contains the lows of the last two completed sessions. A daily close beneath $1.28274 would invalidate that short-term support and bring the September 16 low of $1.24610 back into view.
For a recovery, XRP first needs to reclaim $1.33338 and then close above $1.35208, Friday’s high.
That would improve the prospects for a move toward $1.38076–$1.38535. Until those levels are recovered, holding support alone does not establish a new uptrend.
The October 15 report used Bollinger Bands. Since then, Kraken’s daily close has fallen from $1.32990 to $1.30952, about 1.53%, reinforcing the weaker momentum picture.
Hyperliquid: Price Stays Below Falling Moving Averages HYPE closed Friday at $80.22, down 1.80%, after trading between $78.35 and $82.44. Successive highs below $83 since October 14 show that recovery attempts have struggled to regain the earlier trading range.
Hyperliquid closed below its falling 20-day and 50-day EMAs, with support at $77.35–$78.35 and initial resistance at $82.44–$82.69. The 20-day exponential moving average stood at $85.23 and the 50-day EMA at $83.33. Both declined from the previous session, while price remained below them.
The faster average is still above the slower one, so the latest candle did not produce a fresh bearish moving-average crossover. The immediate weakness comes from price position and the falling averages.
Support sits at $77.35–$78.35, encompassing the October 15 and 16 lows. A daily close below $77.35 would put the September lows around $76.53 and $75.11 in focus.
A close above the $82.44–$82.69 recent-high area would be the first recovery checkpoint. Regaining the 50-day EMA would strengthen that attempt, with the 20-day EMA the next dynamic resistance.
A move back beneath $77.35 would invalidate the near-term recovery case. Search interest alone does not resolve this technical weakness.
Celestia: Breakout Arrives With Higher Exchange Volume TIA’s October 16 close of $0.6877 marked a 16.60% daily gain on Kraken and cleared the $0.6321–$0.6325 highs established on October 11 and 13. Unlike an intraday excursion, that move was confirmed by a completed daily candle.
Celestia closed above $0.6325 as Kraken daily volume reached 2.71 times its preceding 20-session average. The $0.7617 level is an October 17 four-hour high, not a completed daily breakout. Kraken recorded 6.97 million TIA traded during the session, approximately 2.71 times the mean of the preceding 20 completed sessions.
The higher matching exchange volume gives the breakout more support than a price move on thin turnover. It does not identify the buyers or establish why they traded.
The first completed four-hour candle on October 17 reached $0.7617 and closed at $0.7330, above Friday’s $0.7221 high. However, the daily candle had not closed above that level.
A daily finish above $0.7221 would confirm a further advance, with $0.7617 the next observed price hurdle rather than a guaranteed target.
On a pullback, the $0.6195–$0.6325 breakout area becomes the main retest zone. Closing below $0.6195 would weaken the breakout, while losing Friday’s $0.5808 low would invalidate the latest upward leg and expose the earlier $0.5200 low.
Lighter: Rebound Remains Below the Bollinger Midpoint Lighter closed Friday at $3.174 on Kraken’s LIGHTER/USD market, up 4.86%. That recovered the previous day’s $3.133 high, but the close remained beneath Friday’s $3.336 intraday peak and the October 14 high of $3.415.
Lighter rebounded below its $3.685 Bollinger midpoint, with $3.336–$3.415 the nearest resistance area. Daily Bollinger Bands, calculated from a 20-day simple moving average and two population standard deviations, placed the midpoint at $3.685, the lower band at $2.890 and the upper band at $4.481.
Price rebounded inside the lower half of the envelope, while the midpoint continued to fall. This remains a recovery within a declining trend rather than a confirmed trend reversal.
A daily close above $3.336–$3.415 would clear the nearest resistance area and improve the prospects for a midpoint retest. Because the bands recalculate each session, $3.685 is a current reference, not a fixed future target.
Support is defined by the $2.918 and $2.997 lows of October 15 and 16. A close below $2.918 would invalidate the rebound and put the current lower band in focus.
The completed four-hour close of $3.218 showed early follow-through, but did not clear daily resistance.
TLDR: PUMP price climbed 3.92% to $0.004649 following Pump.fun’s launch of Hyperliquid-powered perpetual futures trading services. Pump.fun now offers Bitcoin contracts with 40x leverage and Ethereum perpetual contracts with 25x. Hyperliquid handles order execution, margin requirements, and liquidations, while Pump.fun provides the trading interface directly. Pump.fun charges up to 0.10% per order and restricts perpetual trading in certain jurisdictions. Pump.fun’s native token, PUMP, has climbed 3.92% over the past 24 hours to trade at $0.004649 following its derivatives expansion. The recovery follows earlier PUMP token price movements and buyback activity, as traders assess the platform’s latest trading service.
PUMP recovered from a Thursday low near $0.00427 and crossed $0.004482 around midnight before approaching its daily high. The price movement comes as Pump.fun introduces leveraged Bitcoin and Ethereum perpetual futures powered by Hyperliquid’s trading infrastructure.
PUMP Price Recovers as Pump.fun Expands Into Perpetual Futures PUMP traded near $0.004649 during the latest market update, rising approximately 8.9% from its Friday intraday low. Meanwhile, Pump.fun has introduced Bitcoin perpetual contracts offering up to 40x leverage, while Ethereum contracts support up to 25x.
Traders can open long or short positions without purchasing the underlying cryptocurrencies, although leveraged positions carry liquidation risks.
The rollout follows an October 9 discovery of perpetual trading data within Pump.fun’s application programming interface. That data included funding rates, trading volumes, and open interest sourced from Hyperliquid’s HyperCore mainnet.
Pump.fun uses Hyperliquid’s existing order books rather than operating a separate derivatives engine. HyperCore handles execution, margin balances, and liquidations, while Pump.fun provides the interface used to submit trading instructions.
Hyperliquid has continued expanding its derivatives business throughout 2026, attracting traders across cryptocurrencies and other asset markets. Earlier Hyperliquid trading activity and open interest growth showed rising demand for its perpetual contracts.
Pump.fun previously integrated HyperEVM trading on August 26, allowing users to trade supported tokens against USDC. The perpetual futures launch builds on that earlier connection while adding leveraged positions to the platform.
Pump.fun Publishes Perpetual Trading Fees and Regional Restrictions Pump.fun’s updated fee schedule sets a builder fee of up to 0.10% on each perpetual order. The charge applies when traders open, increase, or close positions through the platform.
Bridge transfers carry an additional Pump.fun fee of up to 0.25%, excluding charges collected by third-party operators. Hyperliquid’s trading and funding charges remain separate, while its account activation fee applies to first deposits.
For example, a $10,000 order would cost $10 at the maximum builder fee. The actual charge may be lower, depending on the rate applied during order confirmation.
These fees introduce another potential revenue source for Pump.fun, which previously relied heavily on memecoin trading activity. Earlier PUMP buyback and revenue figures showed weekly revenue reaching $15.16 million in September, exceeding Hyperliquid’s $15.06 million.
The new service excludes traders located in the United States and Ontario, alongside other restricted jurisdictions. Pump.fun’s terms specify that Hyperliquid manages positions and settlements, while users remain responsible for monitoring their collateral.
The restrictions come amid wider discussions about regulating decentralized derivatives markets. Recent Hyperliquid regulatory developments have examined how perpetual contracts fit within existing financial market rules.
Other companies are pursuing different routes into the derivatives market. Kraken’s parent company, Payward, previously outlined plans for regulated Hyperliquid perpetual trading through its U.S. operations.
Pump.fun’s terms confirm that traders can access existing Hyperliquid positions through other compatible interfaces. Their positions remain subject to Hyperliquid’s margin requirements, funding payments, and liquidation rules.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Arkham's monitoring, whale trader 0x9c6 holds a 20x leveraged long position on SOL on Hyperliquid, with the current position value totaling around $57.5 million. The entry price for the position is $80.86. Based on SOL's current price of $104.43, the position has an unrealized profit of roughly $13 million. The trader opened the position approximately one month ago and has not closed it to date. Their Hyperliquid account is currently valued at about $24.2 million.
Pump.fun’s new Hyperliquid integration brings leveraged perpetuals trading to the memecoin crowd.
Pump.fun isn't just a memecoin launchpad anymore. The platform has switched on leveraged perpetual futures trading inside its app, and it's leaning on Hyperliquid for the heavy lifting.
What's the Scoop?
The plumbing: Pump.fun plugs in through Hyperliquid's builder codes, a setup that lets outside apps pipe user orders into Hyperliquid's books and pocket a cut of the fees. Hyperliquid's HyperCore engine does the matching and runs liquidations.
The leverage: Early reports put max leverage at 40x on BTC and 25x on ETH. The perps are off-limits in the U.S. and Ontario.
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Background prep: Perps data first surfaced in Pump.fun's API around Oct. 9th, and the launch follows the platform's HyperEVM spot trading integration in August.
Interesting timing: Pump.fun briefly out-earned Hyperliquid on a weekly basis in late September. Now it's routing its traders straight into Hyperliquid's order books, a neat snapshot of the builder-code era, where frontends and venues can be rivals and partners at once.
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Crypto analyst Ali Martinez has identified concurrent Tom DeMark (TD) Sequential buy signals for XRP, Solana, Dogecoin, and Hyperliquid following the latest market pullback, raising expectations about a possible shift in price momentum for these major altcoins.
Multiple altcoins trigger buy signalsMartinez, known for his technical analysis in the cryptocurrency space, observed that several top altcoins are presenting potential local bottoms on their charts. On October 15, 2026, new TD Sequential buy signals appeared for XRP, Solana (SOL), Dogecoin (DOGE), and Hyperliquid (HYPE)—all following notable declines in recent trading sessions.
For XRP, the price currently displays a confluence of buy setups, including a Sequential 13, a TD 9, and an Aggressive 13, according to the analyst’s review of the recent trading activity. This clustering may indicate that selling pressure is subsiding and a local bottom could be forming if buyers return to the market with strength.
XRP faces initial upside targets at $1.40, with additional resistance expected near $1.50 should buy-side interest increase at these levels.
Solana, Dogecoin, and Hyperliquid outlookSolana is currently challenging the $100 price zone after registering a fresh TD Sequential buy signal on its daily chart. Historically, a late September sell signal on SOL accurately forecasted a subsequent correction of approximately 14%. The newly emerged buy set-up may support a rebound toward $111, with further resistance anticipated around $120 if buying momentum strengthens.
Dogecoin has moved back to the critical $0.080 support, where its daily TD Sequential has flashed a buy signal as well. Maintaining this support is key; if achieved, DOGE could rise toward the $0.087 mark, followed by resistance near $0.094.
Hyperliquid, abbreviated as HYPE, trades close to $80 as it presents a new buy signal according to TD Sequential analysis. A similar setup triggered on October 1 led to a nearly 11% rally for HYPE. A comparable move could send the token to $86, with the next resistance area forming around $93.
Mini dictionary: Tom DeMark TD Sequential, a popular technical indicator that aims to identify trend exhaustion and potential reversal zones in asset prices using sequential price bar patterns.
Market reaction remains uncertainMartinez emphasized that while four large-cap altcoins have simultaneously flashed buy signals, positive market follow-through is necessary to confirm a sustainable rebound. The signals alone do not guarantee upward price action without sustained buying volume or stronger investor conviction benefiting the respective support levels.
Technical buy signals point toward a potential bottom, but only active demand and increased trading volumes can validate the reversal scenario.
The broader crypto market has experienced a tentative recovery following an inflation-driven downturn, putting these four digital assets under heightened scrutiny from traders and investors watching for confirmation of any price reversal. Whether these technical setups translate into extended rallies or face renewed selling remains an open question.
AltcoinSupportFirst TargetSecond ResistanceXRPCurrent zone$1.40$1.50Solana$100$111$120Dogecoin$0.080$0.087$0.094Hyperliquid (HYPE)$80$86$93Investors are closely following the technical signals and key price levels for signs of renewed strength or further losses in the wake of recent market volatility.
The new swaps track Trade.xyz perpetual markets on Hyperliquid, with Ripple Prime taking the other side of each trade and accepting RLUSD as collateral.
Ripple Prime now offers institutions 24/7 swaps tied to perpetual futures on Hyperliquid
Posted October 16, 2026 at 6:26 am ET.
Ripple Prime, Ripple’s institutional prime brokerage, now lets clients hold positions on stocks, indices, commodities and currencies at any hour through swaps tied to perpetual futures on Hyperliquid, Ripple announced on Oct. 15.
Market maker Virtu is one of the institutions already using the product. The swaps track more than 100 markets across stocks, stock indices, ETFs, metals, energy and currencies, and they trade and settle 24/7, weekends included.
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How the Swaps Work Clients do not trade on Hyperliquid themselves. Ripple Prime enters each swap as principal, and the contract’s value follows a perpetual futures market that Trade.xyz lists on the decentralized derivatives exchange. Perpetual futures never expire, so a position stays open for as long as the trader keeps it funded.
Because the swaps sit inside a client’s Ripple Prime account, they can be cross-margined against the other asset classes the firm handles. Clients can also post Ripple’s RLUSD stablecoin as collateral, though Ripple said availability depends on the jurisdiction. The company pitched the result as one counterparty and one consolidated view of margin and risk.
“RWA swaps are where traditional and digital markets meet,” said Michael Higgins, Ripple Prime’s international CEO, in the announcement. He added that institutions want exposure to equities, commodities and currencies “with the round-the-clock access and efficiencies of digital infrastructure.”
Scotte Moegling, Virtu’s head of business development for digital assets, said in the same release that Ripple Prime’s cross-margining helps the trading firm “expand our presence more efficiently as markets move toward round-the-clock access.”
One License for Now For now, the product is available only through Ripple Prime’s CIV BVI license. More regions are planned, Ripple said, though it didn’t say which.
The launch builds on Ripple Prime’s earlier move onto the venue. In February, it added support for Hyperliquid so clients could margin onchain derivatives alongside their other holdings.
Trade.xyz’s lineup on Hyperliquid already includes an officially licensed S&P 500 perpetual, which debuted in March after S&P Dow Jones Indices granted the license.
Related Listen: The NYSE CEO Calls Hyperliquid ‘Bigger Than the Nasdaq’: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Trading in Hyperliquid’s Tesla contract rose from $2.8 million to $47 million in a single hour overnight. It is already the contract’s second-busiest day since launch.The contract’s price rose about 5% to roughly $378. Binance’s Tesla contract was still the largest, with $279 million in 24-hour volume against Hyperliquid’s $159 million, according to RootData.The contract tracks Tesla’s stock price but is not a tokenized share. It trades around the clock and allows up to 20x leverage.Traders rushed into Tesla-linked crypto markets overnight after Elon Musk unveiled a flying version of the Roadster, with trading on Hyperliquid jumping while U.S. stock markets were closed.
The surge shows how crypto exchanges that never close are becoming the first place investors react to news about traditional companies.
Musk demonstrated the prototype, which uses SpaceX thruster technology, on Oct. 15, after Tesla TSLA$351.98 shares closed at $362.44. Hyperliquid’s TSLA perpetual contract rose about 4.9% to roughly $378, and hourly trading volume leapt about 1,580%, from $2.8 million to $47 million.
TLSA market on Hyperliquid (Hyperliquid)It is already the contract’s second-busiest day since listing a year ago, with the daily candle only nine hours old. Binance remained the largest venue, with $279 million in 24-hour volume versus Hyperliquid’s $159 million, according to RootData, but Hyperliquid held the most open interest, at $99 million. Tesla shares were up about 4.5% in premarket trading.
Hyperliquid’s contract, listed through Trade.xyz, is a perpetual future that tracks Tesla’s stock price rather than a tokenized share. It settles in USDC, allows up to 20x leverage and requires no brokerage account. The contract trades around the clock, so it was one of the few ways to bet on Tesla’s price while Nasdaq was closed. Tesla is due to report third-quarter earnings on Oct. 21.
Ripple Prime, the institutional brokerage division of Ripple, has introduced a new prime brokerage offering that allows clients to maintain perpetual positions across multiple asset classes—including stocks, commodities, indices, and foreign exchange—at any hour. The feature, announced on October 15, leverages swaps tied to perpetual futures listed on Hyperliquid, a decentralized derivatives exchange.
Expanded asset access through perpetual swapsVirtu, a leading global market-making firm, is among the first institutions to adopt Ripple Prime’s new product. These swaps provide exposure to more than 100 different markets, covering equities, indices, exchange-traded funds, metals, energy products, and forex pairs. Trading and settlement are available continuously, including weekends, enabling institutions to respond instantly to market developments worldwide.
Clients interact with these swaps entirely through their Ripple Prime account; they do not trade directly on Hyperliquid. Ripple Prime acts as principal for each swap contract, mirroring the pricing and performance of perpetual futures markets listed on the Hyperliquid platform by Trade.xyz.
Perpetual futures, which have no expiration, allow clients to keep positions open indefinitely as long as required margin is maintained. This flexibility supports various trading strategies and round-the-clock engagement across traditional and digital markets.
Swaps held in a Ripple Prime account can be cross-margined against other supported assets, which helps institutions optimize capital efficiency and risk management. Clients may post Ripple’s RLUSD stablecoin as collateral for these positions, although this feature’s availability depends on local regulations and client jurisdiction. The company emphasized its approach of offering a single counterparty framework with unified margin and risk visibility.
FeatureRipple Prime SwapsTraditional HoursTrading hours24/7, including weekendsLimited to exchange hoursAssets coveredStocks, indices, ETFs, commodities, forexVaries by venueSettlementContinuousClearing cyclesCollateral typeRLUSD stablecoin, othersUsually fiat, securitiesIndustry perspectives and global rolloutMichael Higgins, Ripple Prime’s international CEO, commented on the launch, noting the convergence between traditional and digital markets through the new swaps. He highlighted institutions’ growing demand for access to asset classes like equities, commodities, and currencies, combined with the continuous access and operational efficiencies made possible by digital infrastructures.
Ripple Prime’s international CEO Michael Higgins described RWA swaps as the meeting point of digital and traditional markets, emphasizing that institutional clients increasingly seek full-time access and the benefits of digital infrastructure for a broader set of assets.
Scotte Moegling, Virtu’s head of business development for digital assets, stated that the cross-margin capabilities in Ripple Prime’s platform allow the trading firm to increase its efficiency as financial markets transition toward non-stop trading.
Virtu’s Scotte Moegling underscored the importance of cross-margining, saying it allows the company to support an expanding global presence and adapt quickly as institutional trading becomes more continuous.
Regional rollout and earlier stepsCurrently, access to the new swaps offering is available only under Ripple Prime’s CIV BVI regulatory license. Ripple intends to expand into additional jurisdictions, but did not specify a timeline or regions in the initial announcement.
This development follows Ripple Prime’s February integration with Hyperliquid, which initially enabled clients to collateralize onchain derivatives within the same account as other asset classes. The new product further extends these cross-asset and cross-platform capabilities.
Trade.xyz, the company listing these perpetual markets on Hyperliquid, already offers an officially licensed S&P 500 perpetual contract. This product, which debuted in March, was launched after S&P Dow Jones Indices granted express licensing approval. Hyperliquid, as a decentralized trading platform, enables users to trade derivatives without an intermediary, supporting increased accessibility and transparency.
Mini dictionary: Hyperliquid is a decentralized derivatives exchange offering continuous, onchain trading of perpetual futures contracts across multiple asset classes, providing non-stop market access outside traditional exchange hours.
Ripple Prime has launched a new service offering 24/7 swaps on real-world assets such as equities, ETFs, metals, energy, and currencies, utilizing perpetual futures on the Hyperliquid platform. This move is aimed at expanding institutional access to blockchain-based derivatives tied to traditional assets, operating outside conventional exchange hours. The service, which allows for cross-margining and uses RLUSD as collateral, is currently under Ripple Prime’s BVI CIV license. Market maker Virtu is among the first to onboard this service, highlighting early institutional interest.
This development comes as Ripple Prime seeks to enhance its institutional prime-brokerage platform, which now supports over 100 reference markets. The introduction of perpetual swaps could potentially drive increased interest in Hyperliquid, a blockchain platform known for its comprehensive offering of financial products. The market’s current pricing suggests that this announcement could have a moderate impact, reflecting potential growth in institutional adoption.
Market participants appear to be factoring in these developments, as evidenced by the odds movement in relevant prediction markets. The market for Hyperliquid reaching $100 by December 31, 2026, is currently priced at 45% YES, up from 43% the previous day, suggesting a slight increase in optimism towards Hyperliquid’s potential value appreciation.
Key Takeaways Ripple Prime’s introduction of 24/7 swaps appears consistent with scenarios of increased institutional interest in blockchain-based financial products. The early adoption by Virtu suggests institutional clients may view this offering as a significant expansion of their capabilities. Market pricing implies a moderate positive impact on Hyperliquid’s perceived value, as reflected in the modest increase in YES odds for reaching $100 by year-end. What to Watch Market participants will likely monitor the uptake of Ripple Prime’s new service among other institutional players and any resulting changes in market dynamics. Key indicators will include announcements of additional early adopters or partnerships that could further validate the service’s appeal. Any significant shifts in Hyperliquid’s volume or price movements could provide additional insights into the market’s response to this development. Additionally, regulatory updates impacting blockchain-based derivatives could influence market sentiment in the coming months.
What Price Will Hyperliquid Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 40.5% -4.5¢ $800 View market → January 1 2027 2.5% +0.1¢ — View market → January 1 2027 1.4% 0.0¢ $138 View market → January 1 2027 2.9% -0.1¢ $1K View market → January 1 2027 1.7% -0.3¢ $1K View market → January 1 2027 5.2% -0.1¢ $2 View market → January 1 2027 3.5% 0.0¢ — View market → January 1 2027 3.2% -0.3¢ $60 View market → January 1 2027 11.5% 0.0¢ $639 View market → January 1 2027 6.5% +0.5¢ — View market → Xrp All Time High
Contract Odds Δ since publish Volume 24h December 31, 2026 5.3% 0.0¢ — View market → Updated 7min ago
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After the U.S. stock market opened, the TSLA contract on Hyperliquid dipped to $364.8, down around 1.3%. It briefly fell below the ~$365.3 level recorded at the start of the Roadster launch, erasing all gains made after the event. A whale address 0x0242…ffa1 holds TSLA short positions worth approximately $10.5 million; the short once had an unrealized loss of ~$310,000, and now has an unrealized profit of ~$66,000, with the position still open. Another whale address 0x7d04…9e7b’s TSLA long positions were partially liquidated: around 2,093 contracts were force-liquidated, worth ~$764,000, resulting in a realized loss of ~$27,800. The address still holds ~6,697 TSLA long positions, using 20x full leverage, valued at ~$2.45 million, currently with an unrealized loss of ~$84,000, and the liquidation price for its remaining positions is ~$361.8.
Pump.fun built its name as the place where memecoins are born. Now it wants a piece of the leveraged trading business, too.
A post on X announced that Pump.fun is launching crypto perpetual futures trading powered by Hyperliquid. API data shared around October 9, 2026, shows the platform pulling funding rates and open interest for BTC and ETH perpetuals directly from Hyperliquid’s HyperCore mainnet.
What Pump.fun is actually plugging into
Perpetual futures are a type of derivative contract. They let traders bet on an asset’s price without owning it, and with no expiration date.
The funding rate is a periodic payment between long and short traders that keeps the contract price tethered to the real market price. Open interest measures how many contracts remain open at a given time.
Both figures are being sourced from HyperCore, Hyperliquid’s core trading layer. Rather than building its own derivatives engine from scratch, Pump.fun is borrowing Hyperliquid’s order book and liquidity.
The leverage on offer is substantial. According to the research findings, traders can access up to 40x margin on BTC and 25x on ETH.
A partnership that has been building for months
This is not Pump.fun’s first integration with Hyperliquid’s stack. On August 26, 2026, the platform added support for HyperEVM, Hyperliquid’s smart contract environment, enabling USDC-denominated spot trading with near-zero fees.
Hyperliquid’s perpetual market recorded $12.43 billion in daily trading volume in late August 2026. That is the liquidity pool Pump.fun users will effectively be tapping.
By early October 2026, Pump.fun had surpassed Hyperliquid in 30-day revenue.
Background: from memecoin factory to trading venue
Pump.fun launched in January 2024 as a memecoin launchpad, becoming a central hub in the memecoin sector.
Rival platform FOMO introduced Hyperliquid-based perpetuals trading in June 2026, broadening the range of assets its users could trade. Pump.fun is entering a lane a competitor already occupies.
What this means for traders and the platforms
Hyperliquid is becoming backend infrastructure for consumer-facing crypto apps. FOMO uses it. Pump.fun now uses it for both spot and perpetuals.
The risks deserve equal billing. Leverage of 40x on BTC and 25x on ETH can turn modest price swings into total losses. Liquidation on a leveraged position is a different and less forgiving experience than spot trading.
There is also concentration risk at the infrastructure level. If multiple consumer platforms rely on HyperCore for pricing and execution, any disruption on Hyperliquid could ripple across all of them at once.
Key metrics to track from here include open interest on Pump.fun’s perpetual markets, whether its 30-day revenue lead over Hyperliquid holds, and how FOMO responds to a larger rival entering its lane.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Pump.fun has expanded beyond memecoin trading by introducing crypto perpetual futures powered by Hyperliquid’s decentralized trading infrastructure. The integration enables eligible users to trade leveraged cryptocurrency contracts on Pump.fun with liquidity provided by Hyperliquid.
Pump.fun Adds Bitcoin and Ethereum Perpetual Futures The Solana-based platform has introduced perpetual futures trading, with Bitcoin (BTC) contracts offering up to 40x leverage. Traders can trade on Ethereum (ETH) contracts with up to 25x leverage without owning the underlying assets themselves.
The development comes after the discovery of perpetual trading data in Pump.fun’s application programming interface on October 9. The data included funding rates, open interest, and trading volumes sourced from Hyperliquid’s HyperCore mainnet.
Pump.fun uses Hyperliquid’s existing order books rather than developing a separate derivatives trading system. This enables trades to use the liquidity of Hyperliquid while the user interacts with the Pump.fun interface.
The growth comes after previous progress from Hyperliquid on its perpetual futures platform, such as its ongoing work on bringing commodity futures to regulated U.S. markets.
Hyperliquid Infrastructure Supports Derivatives Trading As part of the integration, HyperCore will take care of order matching, margin balances, funding payments, and liquidations. According to the terms of the platform, the operations are handled by Hyperliquid, and Pump.fun offers the trading interface.
The partnership is based on an existing link between the platforms. In August, the Solana-based platform added support for HyperEVM so that USDC can be used to trade spot transactions in Hyperliquid’s smart contract environment.
At the end of August, Hyperliquid saw about $12.43 billion in daily perpetual futures trading volume. Its existing liquidity allows Pump.fun to offer derivatives without establishing an independent order book.
The development comes on the heels of Hyperliquid’s derivatives growth that has helped prop up trading fee income and its ongoing HYPE token acquisitions via its Assistance Fund.
However, leveraged trading carries liquidation risks, and traders can lose their entire posted collateral during sharp market movements. Pump.fun restricts perpetual futures access in the United States, Ontario, and other prohibited jurisdictions.
Pump.fun Expands Trading Services Beyond Memecoins Pump.fun entered perpetual futures after building its business around Solana-based memecoin launches and trading. The new product introduces derivatives alongside its existing spot trading services.
The platform has competed with Hyperliquid in protocol revenue during 2026, although their primary products serve different trading markets. In late September, Pump.fun overtook Hyperliquid in weekly revenue, generating $15.16 million against Hyperliquid’s $15.06 million.
Pump.fun can now earn additional fees from derivatives activity, while Hyperliquid receives trading orders through another interface. However, despite the launch, Pump.fun (PUMP) has fallen 5.35% over the past 24 hours to trade at $0.004320.
Today, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
The crypto market correction continued this week and Ethereum broke below the support at $2,400 for a brief period before buyers returned to push it back up. This has allowed the price to close at a similar level to last week.
This ongoing correction has completely stopped the bullish momentum, which now appears to be transitioning into a bearish trend. The only barrier to that is the support at $2,400, which is still holding at the time of this post.
Looking ahead, Ethereum has a decisive week ahead as sellers will try their luck again. If buyers show weakness, then a deeper correction awaits that could see this cryptocurrency revisit $2,000.
Source: TradingView
Ripple (XRP)
XRP closed 3% lower this week and is quickly approaching the support at $1.3. In the past, this level was defended well, but repeated tests can be interpreted as bearish, and it seems the bullish momentum is slowly vanishing from the order books.
In the case bears manage to break below $1.3 in the coming days and turn that into a key resistance, then buyers will most likely retreat to the key psychological level at $1. This is a likely possibility considering the previous rally never re-tested $1 as support.
Looking ahead, watch the price reaction at $ 1.3 closely since that will determine where XPR is going next for the remainder of the month. The current sentiment leans bearish, but until $1.3 breaks, it can still go either way.
Source: TradingView
Cardano (ADA)
ADA also closed 3% lower this week after the price failed to make higher highs and is currently struggling to hold above the $0.23 support. Considering that the bearish momentum is intensifying, there is a good chance this support will break.
If bears take over, then the next key level they will eye is found at $0.20. Buyers could be scouting an entry there, but sellers may get greedy and attempt to hit even a lower price before they become exhausted.
Looking ahead, wait for this ongoing correction to complete. As it stands today, it’s likely that this bearish price action is only starting and will take a few weeks to reach its high point. If so, best to wait for a price around $0.20 before taking a position.
Source: TradingView
Binance Coin (BNB)
Binance Coin was flat this week despite the volatility and appears on a collision course with the support at $690. If nothing changes, expect a test of this key level in the coming days. That would turn the chart bearish, especially if buyers can’t stop sellers.
While a pullback was expected, the question is how deep and long it will last before buyers become interested again. On most charts we covered today, the key support levels appear weak, and this is no different for BNB.
Looking ahead, expect this cryptocurrency to test the $690 support in the coming week. If the main market leaders like BTC and ETH remain bearish, then BNB could also fall lower towards $600.
Source: TradingView
Hype (HYPE)
Hyperliquid continues to disappoint with a 5% loss this week, making it the worst performer on our list. That’s because sellers have been dominating the chart since the price hit the resistance at $97.
At the time of this post, HYPE is close to the support at $76. If that level breaks, then this cryptocurrency will enter a deep correction and it will be hard to imagine it can make new all-time highs before the end of the year.
Looking ahead, Hyperliquid is about to face a critical moment. If it loses support at $76, bears will dominate. However, if buyers return, then HYPE has a good shot at retesting the resistance at $97.
Source: TradingView
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Tesla-linked perpetual futures have retreated to around $357 on Hyperliquid, reversing an overnight climb toward $380 following Elon Musk’s demonstration of a thruster-equipped Roadster.
Summary
Hyperliquid’s Tesla contract reversed its climb toward $380 and traded down 0.95% over 24 hours.
Binance led daily Tesla-linked trading with $564.49 million in turnover, according to RootData.
Hyperliquid held approximately $80 million in open interest, ahead of Binance’s $64.96 million.
Tesla will release third-quarter financial results after market close on Oct. 21.
Hyperliquid showed its TSLA-USDC contract at a mark price of $356.66, down $3.42 over 24 hours, with approximately $247.8 million in daily trading volume and $80.05 million in open interest, the value of outstanding contracts.
Tesla futures give back their climb toward $380
On Hyperliquid’s 1-hour chart, the Tesla contract rose from around $360 to $380 on Oct. 16 before retreating to approximately $357. The reversal carried the price below the level where the overnight advance began.
The same chart showed the contract trading near $385 earlier in the week before declining toward $360 ahead of Thursday’s Roadster presentation. Friday’s rebound approached $380 but stopped below those earlier highs, according to the displayed price history.
Across the exchanges listed in RootData’s stock-contract comparison, Tesla-linked markets showed negative 24-hour returns. Binance’s TSLAUSDT contract traded at $357.26, down 0.85%, while the displayed declines ranged from 0.84% on OKX to 1.30% on Lighter.
Binance leads turnover as Hyperliquid holds more open positions
RootData listed $564.49 million in daily Tesla-linked trading on Binance, compared with $246.64 million on Hyperliquid. Bitget and OKX followed with $78.35 million and $68.46 million, respectively.
The same table showed $45.95 million in turnover on Bybit and $23.37 million on Lighter.
RootData placed Hyperliquid first with $80.12 million in open interest, ahead of Binance’s $64.96 million, Bitget’s $18.04 million and OKX’s $14.87 million.
RootData listed liquidity within 2% of the quoted price at $6.73 million on Hyperliquid and $4.52 million on Binance. Binance nevertheless showed the narrower quoted spread at 0.0028%, compared with Hyperliquid’s 0.0084%.
Hyperliquid identifies TSLA-USDC as a perpetual market independently deployed by xyz. Trade.xyz’s specification index states that the contract references one Tesla common share quoted in US dollars and permits leverage of up to 20 times.
According to the operator’s specifications, the market uses cross-margin treatment. Hyperliquid’s trading interface warns users about low liquidity, high volatility, and elevated liquidation risk in the independently deployed contract.
The instrument provides price exposure without transferring Tesla stock ownership. A separate Anthropic-linked perpetual contract examined by crypto.news on Oct. 15 similarly granted no shares, company earnings claims or right to redeem positions for equity.
Trade.xyz’s stock-linked markets previously encountered a pricing disruption in July, when the operator agreed to cover eligible liquidation losses involving its SK Hynix contract.
In a statement described in the July 29 coverage, Trade.xyz said multiple independent data providers relayed an executed external-market trade. The contract’s mark price fell 18.7%, from $1,127.90 to $917.25, triggering liquidations of leveraged long positions.
The operator characterized reimbursement as a one-time discretionary decision and said it would review how external venue prices entered its pricing system, according to the same account.
Musk’s Roadster demonstration carries a 2028 production target
At SpaceX’s McGregor test facility in Texas on Oct. 15, Musk presented the redesigned Roadster using technology developed by Tesla and SpaceX engineers, Reuters reported.
AP described cold-gas thrusters and a suction system that enabled short aerial movements and midair spins. Musk named 2028 as the production target, while Tesla had not immediately announced a price, according to the agency.
Tesla’s website labels the rocket feature “Not approved for public road use,” AP reported.
Reuters traced the second-generation Roadster to a prototype unveiled in 2017, when Tesla promised deliveries in 2020. The production target announced on Thursday falls eight years after that original delivery schedule.
During the presentation, Tesla vehicle engineering chief Lars Moravy claimed acceleration from zero to 60 mph in less than one second and a top speed above 230 mph, Reuters reported. The company claimed a driving range exceeding 300 miles.
Tesla earnings follow deliveries of 486,532 vehicles
Tesla’s Oct. 2 operating release reported third-quarter deliveries of 486,532 vehicles against production of 464,391. Model 3 and Model Y accounted for 478,237 deliveries, with 8,295 vehicles listed under other models.
Calculated from Tesla’s figures, deliveries exceeded production by 22,141 vehicles during the quarter. Model 3 and Model Y represented approximately 98.3% of total deliveries.
Tesla reported energy-storage deployments of 13.7 gigawatt-hours over the same period. Its release cautioned that deliveries and storage deployments were only two measures of financial performance, with results dependent on selling prices, costs, foreign-exchange movements and other factors.
The company scheduled its financial results for after market close on Wednesday, Oct. 21, followed by management’s question-and-answer webcast at 5:30 p.m. Eastern Time. Tesla said net income and cash-flow figures would accompany the earnings release.
During the previous quarter, Tesla kept its Bitcoin reserve unchanged at 11,509 BTC, according to July 22 coverage of its shareholder update. The company recorded a $112 million after-tax digital-asset loss without buying or selling Bitcoin during the reporting period.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
According to TradingBeats' monitoring, contracts for Micron, SK Hynix, and SanDisk on Hyperliquid have all declined notably from their respective peaks since the late-July rebound. However, their relative strength during that prior rebound phase varied: Micron is currently the most resilient to drops, while SK Hynix has recorded the largest pullback. Micron (MU) has fallen from its October 2 high of $1,114.90 to $923.62, a total pullback of roughly 17.16%—the smallest among the three. SanDisk (SNDK) has dropped from its September 22 high of $1,908 to $1,378.40, a total pullback of around 27.76%, roughly 10.60 percentage points more than Micron. SK Hynix (SKHX) has fallen from its September 10 high of $1,438.40 to $958.73, a total pullback of around 33.35%—the largest among the three, underperforming Micron by approximately 16.19 percentage points. During the earlier rebound period, however, the top performer was SanDisk, which now sits in the middle of the three in terms of pullbacks, while Micron posted the smallest gains. Using the July 31 intraday lows of each asset as the storage sector's trough, SanDisk rallied to a peak of roughly 60.27%, SK Hynix to around 38.73%, and Micron to about 36.14%.
Ripple Prime, Ripple's institutional prime brokerage, has begun offering swaps on more than 100 traditional markets that trade and settle around the clock, including weekends, the company announced on Thursday. The products cover equities, equity indices, ETFs, metals, energy and foreign exchange, and market maker Virtu is already trading them.
Ripple Prime acts as principal on each trade. The swaps reference perpetual futures listed by Trade.xyz on Hyperliquid, the decentralized derivatives exchange, so clients get price exposure to those markets while facing Ripple Prime as their only counterparty. Positions can be cross-margined against the other asset classes Ripple Prime supports, and clients can post Ripple's RLUSD stablecoin as collateral, though its availability varies by jurisdiction.
The offering is available under Ripple Prime's British Virgin Islands license. Ripple said it plans to extend it to other regions but gave no timeline.
"RWA swaps are where traditional and digital markets meet," said Michael Higgins, international CEO of Ripple Prime. Scotte Moegling, head of business development for digital assets at Virtu, said Ripple Prime's "24/7 cross-margining across asset classes helps us expand our presence more efficiently."
The launch gives traditional trading firms a regulated, intermediated route into one of the fastest-growing parts of onchain derivatives. Perpetual futures on stocks, commodities and currencies were a niche product a year ago, and open interest in these contracts across the major platforms has grown to about $9 billion, Bloomberg reported. Hyperliquid opened the door to these markets with its HIP-3 framework, which lets third parties such as Trade.xyz deploy their own perpetual markets on the exchange.
The structure also reflects the constraints institutions face. Many funds cannot connect directly to a permissionless exchange, post collateral in self-custodied wallets or take on the counterparty risk of an onchain venue. A prime broker that sits in the middle and takes the onchain exposure onto its own book removes those obstacles, while letting clients trade when U.S. and European exchanges are closed.
Ripple Prime is the former Hidden Road, which Ripple bought for $1.25 billion in 2025, and it has steadily added onchain markets to its platform. Ripple Prime had already added support for Hyperliquid before this launch and began offering crypto perpetual futures in February.
The main risk for clients is that pricing on the reference markets depends on liquidity on Hyperliquid, which can thin out on weekends when the underlying exchanges are shut and there is no official price to anchor to. How Ripple Prime manages that basis risk will be a large factor in how much institutional volume moves onto the product.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
Bonk Guy's Portfolio Surges $1M+ in 24H, Maintains #FOMO Leaderboard Lead
As the market rebounds, Bonk Guy(@theunipcs)'s portfolio has grown by $1M+ in the past 24 hours.
He remains No. 1 on both #FOMO's 24H and All-Time leaderboards.
3 minutes ago
Hong Kong Exchanges and Clearing (HKEX) aims to transition to T+1 settlement in the second half of 2028.
Hong Kong Exchanges and Clearing (HKEX) has published a consultation summary document on shortening the settlement cycle of Hong Kong’s spot stock market, which shows widespread market support for implementing a T+1 settlement cycle in Hong Kong’s securities market. Based on feedback from various stakeholders, HKEX plans to complete the relevant transition in the second half of 2028, provided the market is ready and regulatory approval is obtained. The consultation received a total of 109 non-duplicate responses from market stakeholders including brokers, custodians, investment managers, industry associations, technology vendors, and investors. Respondents supported Hong Kong’s adoption of a T+1 settlement cycle, agreeing that this move will help enhance market efficiency, reduce settlement risks, improve capital efficiency, and consolidate Hong Kong’s competitiveness as an international financial center.
3 minutes ago
Microsoft completes pre-training of a 2.8-trillion-parameter model, outperforming the GPT-5.6 base model with only one-quarter of the computing power.
Beating AI News: Microsoft announces completion of pre-training for its new self-developed model MAI-Base-2. The model has a total of 2.8 trillion parameters, adopts a Mixture-of-Experts (MoE) architecture, and activates only 80 billion parameters per forward pass. Between August and September this year, Microsoft used 16,000 NVIDIA GB200 GPUs for 38 days of training, processing approximately 50 trillion tokens. The new model also introduces native visual pre-training for the first time, with visual data accounting for 18% of its training data.
Internal tests released by Microsoft show that MAI-Base-2 outperforms models including DeepSeek-V4-Pro-Base, Kimi K3, and Qwen3.8 on text prediction benchmarks for code, question answering, mathematics, and science and engineering disciplines. Microsoft also claims that training a model of equivalent performance to DeepSeek-V4-Pro-Base would require only 1/4 to 1/12 of the computing power using its approach. However, Microsoft has invested additional computing power to build a larger, more capable model; MAI-Base-2’s actual training computing power consumption is still higher than that of DeepSeek.
Microsoft AI head Mustafa Suleyman stated at an internal meeting on October 15 that MAI-Base-2’s pre-training base is already stronger than the OpenAI model supporting GPT-5.6 Sol, while requiring only one-fourth the training computing power. Microsoft improved MoE expert scheduling, Muon optimizer, and data filtering methods to reduce GPU memory waste and enhance the stability of large-scale training. The company also emphasized that all training data is processed in-house, and the model’s capabilities were not obtained through distillation of other firms’ models.
MAI-Base-2 is currently in the post-training phase. Microsoft plans to first deploy it for its own products, then license the model weights to enterprise partners via Foundry.
3 minutes ago
Lily Liu responds to the Solana Shanghai event: Overwhelming sign-ups have led to excess attendance, so the event will be postponed to make adequate preparations.
Solana Foundation Chair Lily Liu posted that the large-scale light display on the entire exterior wall of Citigroup Building in Shanghai’s Lujiazui area on the evening of October 14 was meant to showcase Solana’s deep affection for the Chinese community and express gratitude for the warm welcome extended by the community. Due to promotion efforts, registrations for the "Solana Shanghai Event" quadrupled overnight, far exceeding the maximum number declared to local authorities. Officials were unable to prevent the excessive influx of attendees. To comply with local regulations, the event will be postponed, pending a time when it can better accommodate the community’s scale and reach. We extend our apologies to all friends who traveled near and far to join the Shanghai Solana event.
3 minutes ago
Lightning Labs unveils LayerTree, a Bitcoin scaling solution that allows up to around 1 million users to share a single UTXO.
Lightning Labs has proposed a Bitcoin scaling solution called LayerTree, a non-custodial architecture that allows up to around 1 million users to share a single UTXO and connect to the Lightning Network. Balances are recorded in an off-chain Merkle-sum tree, with the shared output committing to the tree’s root, enabling users to exit unilaterally via a single transaction. The scheme depends on as-yet-unactivated Bitcoin consensus layer changes—such as covenant-related opcodes—and cannot be directly deployed on the mainnet at this time. The project team states that LayerTree is a design and reference implementation, and the opcodes it uses remain proposals rather than active consensus rules.
3 minutes ago
Vercel Adds Background Persistence to Its Agents: Tasks Continue Processing, Files Are Not Lost Even When Sandboxes Are Destroyed
Beating AI Express News: Vercel launched Daemons at its Ship 2026 Developer Conference, enabling developers to directly deploy long-running background processes. These processes can continuously pull tasks from message queues or databases, process one after another, and automatically restart if they crash. Previously, Vercel primarily executed code on a request basis, so developers needing to run long-running tasks often had to deploy separate background services. Daemons is now in public beta.
Another update is the official launch of Drives, which provides persistent file storage for AI Agents. Previously, files inside temporary sandboxes would disappear once the sandbox was shut down. Now, Agents can save code, data, and work products in independent storage for reuse when a new sandbox is launched next time. Developers can also duplicate workspaces, allowing multiple Agents to start from the same set of files, process different tasks in parallel, and avoid overwriting each other’s modifications.
Vercel also added MCP Events to Connect, enabling Agents to subscribe to events from external systems. For example, when a new GitHub Issue is created or a document receives a new comment, compatible MCP services can proactively send notifications, triggering Agents to process them without repeated polling for new tasks. This feature is also in public beta and requires external services to support event subscriptions.
These updates expand Vercel’s business scope. Developers who previously used the platform mainly for website deployment can now host long-running background tasks, Agent workspaces, and event integrations all on Vercel, reducing the need to build and maintain separate infrastructure.
Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.
Relevant content
Google lowers the Pro subscription price for Gemini 4 Argon by $20.
Beating AI News Flash: Google has begun rolling out Gemini 4 Argon to paid Google AI Pro subscribers. Previously, while Argon was already available in the Gemini app, it was restricted to the pricier Ultra subscription tier within the AI coding tool Antigravity. Now, Pro users can also access this flagship model via Antigravity’s desktop app and CLI to handle complex programming, debugging, and multi-step development tasks. Google has also set a separate weekly usage cap for Argon for Pro users, which does not take up their existing Gemini 3.8 Flash quota, allowing the two models to be used independently. That said, Argon still does not support Antigravity’s built-in IDE, and can only be accessed via the desktop app, CLI, or third-party IDE extensions. Additionally, this rollout is limited to full paid Pro subscriptions; trial subscriptions are not eligible.
6 minutes ago
Coinbase to Suspend NEON and SYND Trading on November 17
Coinbase Assets announced it will suspend trading of Neon EVM (NEON) and Syndicate (SYND) on Coinbase.com, Coinbase Exchange, and Coinbase Prime at approximately 03:00 Beijing Time on November 17. The NEON order book has entered limit-only mode, with users still able to submit, cancel, and match limit orders. NEON and SYND assets remain accessible and withdrawable.
6 minutes ago
Meta and Apple Forge Rare Collaboration: 816 Billion-parameter Muse Spark Open-sourced, Can Run Locally on Just Two Mac Studio Devices
Beating AI Express: Meta has open-sourced the weights of the Muse Spark Open model and partnered with Apple to enable this 816-billion-parameter large model to run natively on Mac Studio. The model activates only 42 billion parameters per inference, supports a 1-million-token context window, and is primarily targeted at programming and complex agent tasks. The weights were made available on Hugging Face on October 15; developers can apply for access after logging in and agreeing to the access terms. Meta and Apple have clashed multiple times in the past over privacy policies, but Meta CEO Mark Zuckerberg has now publicly thanked Apple executive John Ternus, who responded personally. The two companies leveraged Apple’s MLX framework to distribute the model across multiple Mac Studio units for execution. Even when compressed to 4-bit precision, the model requires around 493GB of memory; combined with inference overhead, a single Mac Studio cannot accommodate it. For practical deployment, at least two Mac Studio units equipped with M5 Ultra chips and 512GB of unified memory each are needed, with hardware costs exceeding $40,000. Apple’s tests show that four M5 Ultra Mac Studio units working together can generate roughly 37 tokens per second with an 8192-token context window. Meta has adopted a custom Muse Model License that allows developers to modify, commercialize, and distribute the model, but requires attribution of Muse Spark Open in products or related documentation. For enterprises and their affiliates with total annual revenue exceeding $20 million over 12 consecutive months, a separate agreement with Meta is required if they intend to offer the model as an API service.
6 minutes ago
Preview: Leading central bank officials around the world will deliver remarks in succession this morning, with Waller speaking at 11:30.
Multiple economic events are being held in Bangkok, Thailand, with senior officials from major global central banks set to deliver speeches one after another this morning (Beijing time, 16th). Specifically: At 10:00 Beijing time, Bank of England Governor Bailey will participate in the annual member meeting of the Institute of International Finance (IIF) and hold a fireside chat. At 11:30 Beijing time, Federal Reserve Chair Walsh will attend the IMF Annual Meeting and hold a fireside chat with IMF Managing Director Georgieva. At 12:15 Beijing time, Bank of Canada Governor Macklem will attend the IMF Annual Meeting and take part in a panel discussion. Should these central bank officials’ latest comments on inflation trends, interest rate paths and global economic outlook signal policy moves exceeding market expectations, it may trigger volatility in assets including the U.S. dollar, European and U.S. Treasury yields, and gold. Investors are advised to stay alert.
6 minutes ago
Pirate Chain has confirmed it was recently attacked, with its token supply inflated by approximately 20%.
Pirate Chain releases an update on its exploit incident investigation. On October 14, a transaction validation vulnerability was discovered in Pirate Chain’s source code, which led to the unauthorized creation of approximately 39.8 million ARRR tokens, increasing the total token supply by around 20%. The newly generated tokens were immediately transferred to the Sapling privacy pool. The NonKYC platform subsequently detected the suspicious deposits, restricted relevant accounts, and blocked withdrawals. The exploit leveraged failures in two validation processes: one bypassed the minting check, while the other involved an error in parsing the output script. As a voluntary preventive measure, dPoW (Delayed Proof of Work) operators have reached a consensus to temporarily suspend notarization services; the team has also requested exchanges and mining pools to voluntarily pause related operations during the development of a recovery plan. The Pirate Chain network remains operational at present. The Pirate Chain team is investigating the incident and collaborating with the broader community to develop solutions.
6 minutes ago
Bitcoin rebounds from its recent low, while previously strong cryptocurrencies have rallied rapidly, with NEAR surging nearly 10%.
After Bitcoin bottomed at $80,000 and rebounded, previously strong altcoins have posted notable gains overnight into this morning. According to HTX market data: NEAR is trading at $5.3281, up 9.9% over 24 hours; ZEC is at $1234.78, up 8.53% over 24 hours; PYTH is at $0.09335, up 10.5% over 24 hours, hitting a new high since last November; INJ is at $8.563, up 11.98% over 24 hours, also hitting a new high since last November.
The reported rollout builds on Ripple Prime’s existing Hyperliquid access, which lets institutions combine onchain derivatives with other exposures in one margin framework.
The reported rollout builds on Ripple Prime’s existing Hyperliquid access, which lets institutions combine onchain derivatives with other exposures in one margin framework.
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Hyperliquid [HYPE] faced strong downward pressure as the broader market weakened following lower-than-expected Consumer Price Index (CPI) data.
HYPE breached $80 support and fell to $78 before bouncing back. At press time, Hyperliquid traded around $79, down 1.7% over the past day.
Yet one whale chose to stake over $100 million in HYPE, taking a longer view as derivatives selling persisted.
Why did a Hyperliquid whale stake $100M?
With Hyperliquid below the $98 recorded three weeks earlier, some investors turned to staking for yield.
According to Onchain Lens, three new wallets linked to one whale staked 1.255 million HYPE, worth $100.43 million.
Source: Hypurrscan
The move suggested a willingness to keep those tokens committed to staking rather than immediately available for sale.
And the whale had company. Hyperscreener data showed over 439.9 million HYPE staked, worth $35.2 billion and representing roughly 44% of supply.
Source: Hyperscreener
Reported average Daily Staking stood at roughly 120,000 HYPE. Staking can limit immediately available supply, although it does not guarantee stronger prices.
Spot Exchange Netflows offered another sign of tokens moving away from trading venues..
Source: CoinGlass
At press time, Spot Netflow stood around -$2.4 million, compared with -$11 million the previous day. Outflows continued, but their net value narrowed considerably. These withdrawals coincided with staking activity, although the figures did not establish a direct connection.
Derivatives Remain a Thorn
Although staking continues to reduce the supply available for immediate sale, derivatives markets have turned stubbornly bearish.
Over the past day, for example, Hyperliquid saw $673.4 million in Futures Outflows and $592 million in inflows. Over this period, Netflow fell to- $80 million, suggesting that more capital flowed out of the futures market than entered it.
Source: Coinglass
For perpetuals, especially on Binance, sell volume rose to 2.02 million, with Net Buying at -3.5 million. High sell volume suggested that more sell orders were executed on Binance.
Source: Coinalyze
These two metrics suggest that the derivatives market is currently contributing to the selling pressure.
What’s Next for HYPE?
Although whales are turning to staking, it remains insufficient to absorb the pressure from derivatives.
For that reason, the market still leans bearish. A look at the Relative Strength Index (RSI) confirms this observation.
Source: Tradingview
The RSI fell deeper into the bearish zone, reaching 39 and reflecting increased bearish pressure. When this indicator sits at such low levels, it signals that weakness may persist.
If selling pressure continues, Hyperliquid is likely to extend its decline and fall to $75 in the short term. However, if staking manages to absorb the selling pressure, HYPE could defend $80 and target a move to reclaim $88 in the short term.
Final Summary
Hyperliquid whale staked 1.255 million HYPE, worth $100.43 million.
Hyperliquid [HYPE] breached the $80 support and fell to a low of $78 before slightly rising to $79.
President Trump stated in August that the Commodity Futures Trading Commission (CFTC) is working to integrate the crypto platform Hyperliquid into the U.S. market in a compliant manner. Hyperliquid, known for its Layer-1 blockchain and decentralized platform, runs on-chain order books supporting both spot and perpetual-futures markets. Despite its current exclusion of U.S. persons, the CFTC’s involvement suggests efforts to channel Hyperliquid’s activities through regulated U.S. intermediaries. This development could indicate a significant step towards broader regulatory acceptance of novel crypto platforms in the U.S.
Key Takeaways
President Trump’s statement suggests the CFTC is facilitating Hyperliquid’s integration into the U.S. market within regulatory frameworks.
Pricing indicates potential increased confidence in Hyperliquid, with implications for its native asset, HYPE.
The initiative may reflect a broader regulatory trend towards accommodating innovative blockchain platforms under U.S. law.
What to Watch
Observers should monitor the CFTC’s actions regarding Hyperliquid’s integration, as regulatory approvals or delays could impact market perceptions. Developments in U.S. regulatory policy towards blockchain platforms could influence future market scenarios, especially if Hyperliquid gains significant approval or faces setbacks. Market reactions to any formal announcements from the CFTC or Hyperliquid itself will be crucial in assessing the long-term implications for the crypto market.
Hyperliquid wants into the US market. It just doesn’t want to be the one holding the license.
In an October 15, 2026 appearance on Bloomberg’s Odd Lots podcast, Hyperliquid Labs CEO and co-founder Jeff Yan sketched a regulatory model in which US oversight targets the financial firms that run markets on Hyperliquid’s Layer-1 blockchain. Under his proposal, the blockchain itself would sit outside exchange-level rules.
The internet analogy, applied to derivatives
Yan’s core argument leaned on a comparison to the internet. Nobody asks the protocols that move web traffic to register as a bank. The bank running a website on top of those protocols handles the compliance.
Hyperliquid, in Yan’s framing, is the plumbing. The licensed market operators building on it would be the ones answering to regulators.
Yan also pitched Hyperliquid as a partner to traditional finance rather than a rival. He described the goal as supplying core infrastructure that established firms can build on.
Washington is already paying attention
On August 19, 2026, President Trump said CFTC Chair Michael Selig was actively working to bring Hyperliquid into US markets in a fully legal way.
Hyperliquid had been preparing for this conversation well before Trump weighed in. In February 2026, the Hyperliquid Policy Center was funded with 1 million HYPE to engage with regulators including the CFTC and the SEC.
How HIP-3 makes the operator model work
Yan’s proposal isn’t purely theoretical. Hyperliquid already has a mechanism that separates the chain from the people running markets on it.
Under the HIP-3 framework, anyone who wants to deploy a market on Hyperliquid must stake 500,000 HYPE tokens for at least 183 days. The HIP-3 setup lets third parties stand up their own markets while the main Hyperliquid platform stays closed to US traders.
Kraken’s parent is already testing the idea
In September 2026, Payward, the parent company of Kraken, announced a partnership with Bitnomial and NinjaTrader Clearing to offer permissioned perpetual futures tied to Hyperliquid markets. Those products are aimed at eligible US clients, with users not getting direct access to the main Hyperliquid platform.
Payward’s structure is a working version of Yan’s pitch. Regulated US firms handle client onboarding, clearing, and permissions. Hyperliquid’s markets provide the underlying activity. The chain stays in the background.
What this means for Hyperliquid, regulators, and Wall Street
For regulators, Yan’s proposal offers a familiar shape. The CFTC already knows how to supervise clearing firms, futures commission merchants, and exchanges. Asking it to supervise the companies plugging into Hyperliquid, rather than a decentralized blockchain, keeps the agency inside its comfort zone.
HYPE holders have a specific reason to watch. Every HIP-3 deployer has to lock up 500,000 HYPE for at least 183 days, so a wave of new market operators would mean more tokens committed to staking.
Yan’s framework is a proposal, not policy. The CFTC has not formally adopted it, and the SEC’s view on where Hyperliquid fits remains a separate variable.
What to watch next: any formal guidance from Selig’s CFTC on how it will treat platforms like Hyperliquid, whether additional US brokers or clearing firms copy the Payward model, and how the Hyperliquid Policy Center uses its 1 million HYPE war chest in conversations with the CFTC and SEC.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Decentralized trading platform Hyperliquid is set to deepen its presence in traditional asset markets after EQX Labs announced plans to introduce a suite of tokenized US stocks and exchange-traded funds.
The offering, scheduled to go live soon on Hyperliquid’s HyperCore infrastructure, will enable continuous, round-the-clock trading of these instruments as native HIP-1 tokens against the USDC stablecoin on the venue’s public order book.
EQX Labs detailed its initial lineup of eleven markets, covering major individual names such as Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta Platforms, Tesla, Micron Technology, and SpaceX, along with products tracking the S&P 500 and Nasdaq 100 via the SPDR S&P 500 ETF and Invesco QQQ Trust.
These will trade under dedicated tickers including EQSPY, EQQQQ, EQNVDA, and EQSPCX.
Eligible participants can place orders directly on the order book without intermediary brokerage layers, with on-chain settlement completing in less than one second.
The design centers on a one-to-one backing structure.
Each token corresponds to shares of the referenced company or fund held in custody accounts in the name of the issuer at Depository Trust Company-connected firms, specifically Alpaca Securities, StoneX Financial, and Clear Street.
Daily reconciliations are planned so that market participants can verify the underlying holdings.
Shares in the process of settlement from authorized participants are tracked separately and expected to clear by the following US business day.
https://t.co/CMSApltjRC
— EQX Labs (@eqxlabs) October 14, 2026
The tokens themselves are structured as share-backed, limited-recourse notes issued by EQX SPC Ltd., a British Virgin Islands segregated portfolio company.
The EQX STAR Trust owns the issuer, a Cayman Islands purpose trust with independent governance, while EQX Labs provides technology services under a contract rather than serving as the issuer.
Economic features include automatic reinvestment of dividends into additional shares of the same security after applicable withholding taxes, with stock splits reflected in the backing.
Holders may also submit voting instructions through wallet signatures. Importantly, the issuer adds no fees for creation, redemption, or holding of the tokens and takes no portion of dividend proceeds.
Revenue for the project instead derives from a share of Hyperliquid’s standard spot trading fees.
Creation and redemption are restricted to authorized participants and occur in kind at zero issuer cost, supporting tighter arbitrage between the tokens and the underlying shares during US market hours.
The structure deliberately prioritizes transparency and cost efficiency relative to many prior tokenized equity products, aiming to position Hyperliquid as a competitive venue for price discovery in US equities over time.
Tokens can also serve broader purposes within the ecosystem, such as collateral for lending or vault strategies.
However, important distinctions remain: holders receive economic exposure through a debt instrument rather than direct equity ownership or shareholder rights against the underlying companies, and redemption in kind is available only to eligible institutional participants.
Access is restricted; the products are not offered to US persons, individuals located in the United States, residents of the British Virgin Islands, or sanctioned persons.
Trading has not yet commenced, and no precise launch date has been provided.
The initiative joins existing tokenized equity activity on Hyperliquid from other issuers, further extending the platform beyond crypto-native assets while leveraging its high-throughput order book and integration with both spot and perpetual markets.
Remittix defines its final RTX price path as Hyperliquid’s revenue model and Ripple’s latest institutional partnership strengthen bullish HYPE and XRP forecasts.
MAJURO, Marshall Islands, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Remittix is moving through its final presale phase with RTX available at $0.28 before an announced $0.46 final tier and planned minimum exchange launch price.
The defined price path gives Remittix a clear pre-launch catalyst before RTX begins public trading on November 24, 2026. More than 40,000 participants have joined the presale, which has raised over $32 million toward its $36 million hard cap.
The update comes as Hyperliquid’s revenue approaches $1.4 billion and Ripple brings its institutional infrastructure to DriveWealth. Those developments support aggressive targets of $250 for HYPE and $20 for XRP while highlighting the market value placed on trading, payments and financial rails.
The $0.28 RTX Entry Creates a Defined Price Gap
The progression from $0.28 to the announced $0.46 final presale tier represents a potential increase of approximately 64%. The same $0.46 level is planned as the minimum exchange launch price, creating a visible reference point before open-market trading begins.
November 24 adds a firm deadline to that price structure. Buyers can track the remaining allocation, the $36 million hard cap, the final tier and the public-market launch rather than waiting through an open-ended presale.
PayFi Gives Remittix a Large Primary Market
Remittix is primarily a PayFi project designed to connect supported cryptocurrency with ordinary bank settlement. A sender can fund an eligible transaction using crypto while fiat reaches the recipient through a compatible banking route.
One thousand invited RTX holders can test EUR and USD transfers using USDT and USDC across Ethereum, Celo, Base and Polygon. The wider Remittix ecosystem includes an iOS wallet with more than 10,000 downloads, Remittix Markets with over $50 million in volume and Remittix Earn, which is approaching release with advertised yields of up to 22% APY.
PayFi supplies the real-world entry point, while trading, wallet activity and earning can create additional demand inside the same application.
Hyperliquid Targets $250 as XRP Price Prediction Eyes $20
Hyperliquid has generated approximately $1.35 billion in cumulative protocol revenue, with its fee-funded buyback model becoming a central part of the HYPE investment case. HYPE recently traded near $81, placing a $250 target at more than three times its current level. Reaching it would require Hyperliquid to maintain its dominance in decentralized perpetual trading and continue converting volume into token demand.
Ripple’s DriveWealth partnership provides XRP Ledger with another institutional route. DriveWealth plans to use RLUSD on XRPL for European settlement before expanding to the United States, while also integrating Ripple Payments and custody infrastructure. For XRP, a move from around $1.30 to $20 would represent a major institutional-payments rerating.
Remittix Brings Payments and Trading Into One Earlier-Stage Opportunity
Hyperliquid demonstrates the value that active traders and fee generation can create, while Ripple shows how payment infrastructure can reach institutional markets. Remittix connects both themes through PayFi and its live perpetual platform.
At $0.28, RTX remains in its presale stage with a $0.46 final tier and November 24 launch ahead. That combination places Remittix among the most closely watched new crypto launches for buyers seeking utility, a defined price path and multiple ecosystem demand channels.
About Remittix
Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.
Media Contact
Company: Remittix
Email: [email protected]
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In briefBitcoin (BTC): Bitcoin is testing $80,000 and the 50-day average near $80,300, and a daily close below that line would be the first warning that the uptrend is weakening.Binance Coin (BNB): BNB trades near $717 and is close to its key $700 support, with sellers in control after an approximately 11% drop from the $810 high.Hyperliquid (HYPE): HYPE trades near $77.80 just above its 100-day average at $77, and a daily close below $75 would put the August rally at risk.Cardano (ADA): ADA trades near $0.219 and sits on its 100-day line near $0.220, with sellers holding the edge until it can reclaim $0.230.Bitcoin (BTC) Tests the $80,000 MarkBitcoin is testing the $80,000 mark once more after a gradual slide from its recent high. The price trades near $80,100, down approximately 1.8% on the day. The daily low touched exactly $80,000, and buyers stepped in there, but the bounce has been weak.
This drop comes after a strong run. Bitcoin rose from approximately $63,000 in August to nearly $87,500 in late September. It failed to break higher in early October and has now given back roughly 8% from that peak. The chart shows a series of lower highs since then, which is a sign that sellers have become more active.
BTC/USDT Chart by TradingViewThe price now sits right at the 50-day moving average, the blue line near $80,300. This line has held the trend since the August breakout, so it matters a lot. Bitcoin has already slipped below the shorter averages, which now sit just above at approximately $81,200 and $82,400.
HOT Stories
If that happens, the next area to watch is $77,000 to $78,000. That zone held as support in September, and the 100-day average near $76,600 and the 200-day average near $75,600 sit just below it. Together they form a thick floor. A drop to this area would not damage the bigger trend, but it would erase most of the recent gains.
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Trading volume also tells a quiet story. Recent red candles have not come with heavy volume, so this looks more like gradual selling than panic. That is good for bulls, but it also means buyers are not showing strong interest yet. A real bounce typically needs a clear jump in volume.
For bulls, the task is simple. Bitcoin needs to hold $80,000 and climb back above $82,400, where the shorter averages are stacked. That would turn the recent dip into a normal pullback. Clearing $84,000 could then open the way back toward the $87,500 high. For bears, a break below $80,000 on rising volume could pull the price toward $77,000 within days. The next few daily closes should set the direction.
Binance Coin (BNB) Hovers Just Above $700BNB is down approximately 1.2% on the day and trades near $717. The price reached a low of $708.89 earlier before buyers pushed it back up a little. Even so, the coin remains under pressure and is now near a key test.
BNB had a strong summer. It climbed from approximately $540 in late June to a high near $810 in early October. That is a gain of approximately 50%. Since the peak, the price has fallen approximately 11%, and the chart now shows lower highs, which points to a loss of momentum.
BNB/USDT Chart by TradingViewThe short-term picture has turned weaker. BNB has dropped below its shorter moving averages, which now sit between $733 and $750 and act as resistance. The RSI has slid to approximately 38, which indicates sellers are in control, but the coin is not yet oversold.
The most important level now is $700. The 100-day moving average, the orange line, sits right there at approximately $700, and the price is only 2.5% above it. Just below, the 200-day average near $686 offers a second layer of support. Both lines are rising, which has helped hold the trend together since August. Volume data on this chart is thin, so it is hard to judge how strong the selling is.
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What is clear is the pattern of price. September lows near $705 were bought quickly, and today's low of $708.89 sits almost at the same line. If buyers defend this area again, it might form a solid base. A bounce would first need a move back above $735, where the main moving averages are bunched together.
That would show that dip buyers are still active. A push over $750 would then put BNB back in a healthy uptrend, with $780 as the next target and the $810 high after that.
The risk is on the other side. A daily close below $700 would break the 100-day line and possibly send the price toward $686, and perhaps $660 if selling speeds up. That would wipe out much of the August and September rally. Bulls need to hold $700.
Hyperliquid (HYPE) Tests Key Support Near $77Hyperliquid is under pressure. HYPE trades near $77.80, down approximately 4% on the day. The daily candle opened at $80.85 and fell to a low of $77.56. The drop is part of a larger pullback.
HYPE/USDT Chart by TradingViewHYPE rose from approximately $51 in early August to a high near $98 in late September. That is a gain of nearly 90% within months. Since then, the price has lost approximately 20%, and every bounce has stopped at a lower level than the last one. The coin has now fallen below its 50-day moving average, the blue line near $83. It also sits below the shorter averages around $84 to $86, which now work as resistance. The RSI is near 38, so momentum is weak, but the coin is not yet oversold.
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The key level is $77, where the 100-day moving average, the orange line, sits. HYPE is only approximately 1% above it. This line has supported the trend since the August bounce, and a mid-September dip near $75 also held. So buyers have a clear area to defend between $75 and $77.
Volume is a good sign for bulls. It has been shrinking during this drop, which means that sellers are not rushing out. But volume is also low on bounces, so buyers are not rushing in either. If $75 breaks on a daily close, the next real support is the 200-day line near $64.50. That would mean a drop of approximately 17% from here and would put the entire August rally at risk. Between those levels, there is little to stop the price.
For a recovery, HYPE should first get back above $83. That would take it over the blue line and show that dip buyers are active. After that, $86 and then $90 are the next hurdles. A new high above $98 looks far away for now. The larger trend is still up, but the short term belongs to sellers.
Cardano (ADA) Slips Toward the 100-Day LineCardano is losing ground fast. ADA trades near $0.219, down approximately 5% on the day. The daily candle opened at $0.2303 and touched a low of $0.2159 before buyers stepped in.
This drop follows a solid recovery. ADA climbed from approximately $0.14 in June to a high near $0.282 in early October, a gain of approximately 100%. Since that peak, it has lost approximately 22%.
ADA/USDT Chart by TradingViewThe chart shows why the rally stalled. ADA failed several times to close above the 200-day moving average, the black line near $0.241. Each attempt in late September and early October ended with a sharp drop. That line is now the main wall for buyers. Today's fall also pushed the price through the 50-day line at $0.230 and onto the 100-day line, the orange one, near $0.220. This is the last support before the lower area.
The RSI is near 40, which indicates weak momentum but still some room to fall before the coin is oversold. Volume is moderate. It rose during the early October sell-off, but it is not at panic levels. That suggests holders are not dumping, although buyers are also not showing strength. A strong bounce would need volume to rise on green days.
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Cardano is also moving with the broader market. Bitcoin is near $80,000 and also under pressure, so this looks like a broad pullback and not a Cardano-specific problem. If Bitcoin holds $80,000, ADA has a better chance to defend its support. If the 100-day line breaks on a daily close, the next target is $0.200, a round level where ADA bounced in September. Below it, $0.190 is the next floor, which could erase most of the recent rally.
For bulls, the primary mission is to reclaim $0.230. That would put the price back above the blue line and calm the market. A real change in trend needs a close above $0.241, and after that $0.260 becomes the next target. For now, sellers have the edge. ADA should hold the $0.215 to $0.220 area to keep the recovery alive and avoid a far deeper slide.
Rocket Lab announced it has pushed back the first launch of its Neutron medium reusable rocket from the fourth quarter of 2026 to 2027, primarily due to manufacturing issues with carbon fiber composite parts for the rocket’s first-stage propellant tank. The company still needs to carry out design optimization and adjust production processes. This is not the first technical setback Neutron has encountered: in January this year, the rocket’s first-stage tank ruptured during a pressure test, leading to extended subsequent manufacturing and verification work. The latest delay further pushes back Rocket Lab’s timeline to enter the medium launch vehicle market and compete with SpaceX for large satellite launch contracts, while also extending risks related to its R&D costs and commercial revenue realization cycle. Hit by the news, RKLB (Rocket Lab’s US stock) fell further in after-hours trading. Per TradingBeats monitoring, RKLB on Hyperliquid is currently trading at $54.53, down roughly 14.8% in 24 hours. A whale holding around 44,400 RKLB long positions was liquidated this morning, with a nominal transaction amount of about $2.49 million and a trading loss of approximately $740,000 (0x58f0). In an August 11 Bloomberg report, Rocket Lab had previously stated that its Neutron rocket project faced new delay risks, with the first launch possibly pushed to 2027. The company plans to deliver Neutron to the launch pad in the fourth quarter as scheduled, but has not confirmed the rocket will complete its first flight this year. Rocket Lab had originally targeted a first Neutron launch by the end of 2026. Earlier update: Rocket Lab warned of delay risks for Neutron’s first flight, potentially pushing it to 2027.
Hyperliquid founder Jeff Yan outlined a regulatory approach that would shield his fast-growing cryptocurrency trading platform from direct US exchange oversight, as American authorities consider how to bring offshore venues into the domestic financial system.
In an interview with Bloomberg’s Odd Lots podcast, Yan argued that regulatory obligations should fall on financial firms operating markets on Hyperliquid’s blockchain rather than the network itself. The distinction would allow the company to expand its reach into Wall Street without assuming the full compliance burden of a traditional exchange.
Traders and market watchers around the world started talking about a crypto platform called Hyperliquid earlier this year, when speculators used markets built on top of it to trade crude oil after war broke out in Iran. What Hyperliquid allowed for was a 24/7 market on the blockchain. Then in August, President Trump said the CFTC was working on bringing “Hyperliquid into the United States in a fully compliant and legal fashion.” Hyperliquid currently operates outside the US, but that hasn’t stopped it from growing prodigiously in the last year. Jeff Yan, CEO and co-founder of Hyperliquid Labs, joins us today to explain how exactly the platform — works: He walks us through the protocol he and his co-founders built, the ecology of actors and assets that are tied to Hyperliquid (like the platform’s cryptocurrency HYPE), how perps are bought and sold on the platform, he explains what a blockchain oracle is, and he discusses what has to happen for Hyperliquid to start operating in the US.
Hyperliquid is best known for offering perpetual futures, which allow traders to make leveraged bets on cryptocurrencies and other assets without the expiry dates of conventional futures. Yan, 31, is the co-founder of Singapore-based Hyperliquid Labs, which is the main developer of the trading venue’s underlying blockchain. Hyperliquid remains off-limits to US customers, although Kraken parent Payward has announced plans to offer American investors derivatives using its technology through a regulated exchange.
Read: The Little-Known Crypto Powerhouse Behind Billions in Trading
Yan compared the proposed division of regulatory responsibilities to internet infrastructure, which supports financial services without itself being subject to the same oversight. His broader ambition is to provide the underlying trading technology for established Wall Street institutions rather than displace them, drawing a parallel with Amazon Web Services and its role in corporate computing.
Jeff Yan, chief executive officer of Hyperliquid Labs, during the Token2049 conference in Singapore, on Wednesday, Oct. 7, 2026. — Photographer: Ore Huiying/Bloomberg
“The regulation sits at the layer where there are controls, and indeed the deployers are the ones that exercise these controls,” Yan said. “And so it’s a very natural way for the protocol to continue playing its role as a networking liquidity infrastructure layer.”
Hyperliquid, once a little-known startup, is gaining mainstream popularity especially after President Donald Trump said in August that US regulators are working to bring the exchange into the country. Yan noted that while US regulators are conservative, they are willing to move fast with new technologies.
Regulators “want to embrace innovation, but there’s a very heavy responsibility with that because there’s an existing system that by and large works well, serves many people, and has protections built in place,” said Yan. “So I think there’s very naturally this gap of wanting to understand, ‘is this technology truly compatible with our core principles?’”
The question of how to regulate Hyperliquid has also drawn scrutiny from established exchange operators, including CME Group Inc. and Intercontinental Exchange Inc., Bloomberg has previously reported. In the Odd Lots interview, Yan pushed back on calling traditional finance players as “legacy,” as he believes that Wall Street institutions will also want to come and build on Hyperliquid eventually.
Read: The $500 Billion Experiment to Build 24/7 Markets on Blockchain
“We’re not trying to displace anything,” Yan said. “In fact, I think the technology can benefit everyone who currently operates markets in a more traditional setting. And whether these markets are perpetual markets or settled dated futures is irrelevant because ultimately what you really need is an order book, clearing system and global distribution, concentration of liquidity.”
On Hyperliquid’s ambition to be the“house of all finance,” Yan said his team is “very serious” about it.
“Ultimately, the thinking is that the financial system is there to better serve as many people on this planet as possible,” said Yan. “I think many layers are moved, but this sort of permissionless employment system ultimately is accomplishing that goal.”
Before he moved to Singapore to start Hyperliquid Labs, Yan lived in Puerto Rico and ran a crypto fund called Chameleon Trading. Yan also worked at Hudson River Trading after he graduated from Harvard University.
Hyperliquid founder Jeff Yan is advocating for US regulatory frameworks that would exempt the blockchain from being categorized under direct US exchange oversight. The move aims to protect Hyperliquid’s Layer-1 blockchain, which hosts a decentralized perpetual-futures exchange, from stringent regulatory measures typically applied to exchanges. Currently, Hyperliquid does not possess a CFTC exchange license and restricts US users, positioning itself as infrastructure rather than a regulated intermediary. This development emerges as the regulatory classification of on-chain market infrastructure remains a pivotal issue for platforms like Hyperliquid seeking to operate within US compliance.
Key Takeaways
The announcement appears to align with efforts to gain regulatory clarity, potentially boosting market confidence in Hyperliquid.
Market activity suggests a decrease in confidence regarding Hyperliquid reaching $100 by the end of 2026, with YES probabilities falling from 72% to 47% over the past week.
Regulatory discussions may influence perceptions of Hyperliquid’s compliance and operational viability in the US market.
What to Watch
Observers should monitor further statements from US regulatory bodies like the CFTC, as their decisions could significantly impact Hyperliquid’s classification and market dynamics. Developments in partnerships or endorsements from major financial entities could also suggest increased confidence in Hyperliquid’s regulatory path. As regulatory clarity evolves, market pricing may adjust in response to perceived risks and opportunities for Hyperliquid’s operations in the US.
Crypto trader Machi Big Brother has seen his Hyperliquid trading account fall to just $21,800 after building a $56,000 stake into more than $12 million over four months.
Summary
Machi Big Brother’s Hyperliquid trading account fell from a reported peak of $12.25 million to approximately $21,800 following liquidation.
Lookonchain said the trader had turned an initial $56,000 into more than $12 million over four months before losing nearly all of those gains.
The liquidation occurred as Bitcoin dropped below $81,000 and Ethereum approached $2,380 amid heavy selling across the crypto market.
Machi reportedly returned to trading shortly afterward, opening another Ethereum long position with 25x leverage.
According to blockchain analytics platform Lookonchain, the trader, whose real name is Jeffrey Huang, was fully liquidated on October 15 after a series of leveraged trades went against him.
In an October 15 X post, the platform said Machi had grown his initial $56,000 into $12.25 million through trading before his account balance dropped to $21,787.78.
The decline represents a loss of more than 99% from the account’s reported peak, effectively wiping out the gains accumulated over the preceding four months.
The account had been used to trade perpetual futures on Hyperliquid, where traders can borrow exposure to take positions larger than their available collateral.
Reports indicated that Machi returned to trading shortly after the liquidation, opening another leveraged Ethereum long position with 25x leverage.
Crypto market downturn triggers heavy liquidations
Machi’s losses occurred as Bitcoin and Ethereum faced renewed selling pressure, with BTC falling below $81,000 and ETH approaching $2,380.
The latest downturn followed several days of heavy liquidations across cryptocurrency derivatives markets.
On October 14, crypto.news reported another liquidation wave that erased approximately $811 million in leveraged positions. Open interest remained near $140.9 billion after the selloff, according to Bitget Research.
Bitcoin had already fallen below $82,000 following the release of hotter than expected U.S. inflation data. Annual inflation reached 3.7% in September, above the 3.6% market forecast.
Selling pressure had been building since the previous week, when crypto liquidations reached $1.09 billion in the 24 hours leading to October 9. Long positions accounted for approximately $1.05 billion of that total.
Ethereum faced similar pressure as U.S. spot Ether ETFs recorded $542.2 million in weekly outflows during the week ending October 9.
Machi’s reported decision to reopen a 25x leveraged Ethereum position followed the liquidation, leaving the trader exposed to further price movements in the cryptocurrency.
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Jensen Huang backs CoreWeave: The company’s financial conditions continue to improve and it does not require guarantees from NVIDIA.
Nvidia CEO Jensen Huang said data center operator CoreWeave’s financial health is improving. Nvidia is CoreWeave’s computing equipment supplier. Speaking at an event in Stockholm, Huang stated: “CoreWeave’s strength grows stronger every day.” He believes Nvidia does not need to provide financial guarantees for CoreWeave. “I am optimistic. In fact, their cost of capital is declining.” Earlier, credit market confidence in CoreWeave had deteriorated, with concerns rising over its default risk, and Huang is trying to restore market confidence in the company. CoreWeave is a key case testing the sustainability of business models for emerging AI infrastructure firms. These firms emerged to meet the nearly unlimited growth in AI computing power demand as described by companies like Nvidia. Backed by suppliers including Nvidia, CoreWeave and similar entities have taken on large amounts of debt, sparking market concerns about circular financing generating artificial demand.
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During intraday U.S. stock trading, most crypto-related concept stocks turned positive, with Circle surging over 7%.
According to market data from BIT (bit.com), most US-listed cryptocurrency-related stocks turned positive during US trading hours. Circle (CRCL) rose 7.10%, Block (XYZ) gained 3.80%, Strategy (MSTR) rose 3.79%, Coinbase (COIN) gained 3.29%, and BitMine (BMNR) rose 1.71%.
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Nasdaq is currently experiencing network issues, and clients may intermittently encounter data gaps.
Nasdaq stated it is currently experiencing network issues, which may cause intermittent data gaps for its clients. The firm recommends clients use Chicago-based data sources as a backup.
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Jupiter launches YOLO, a high-leverage trading product modeled after PaperTrade, supporting up to 1000x leverage.
Jupiter co-founder SIONG announced in a post that Jupiter Labs has launched an experimental high-leverage trading product called YOLO, which offers leverage ranging from 500x to 1000x. The product adopts the JLP model framework, simulating positions based on real market prices, with actual realized profits and losses—no need to execute corresponding leverage positions in the open market. YOLO’s profits are disbursed from a dedicated fund pool. If the fund pool lacks sufficient liquidity to settle profit positions, payouts may be queued instead of processed instantly. SIONG emphasized that this model differs from traditional perpetual contracts, carrying its own unique risks and limitations. He stated that launching YOLO under Jupiter Labs is to provide a testing ground for such new financial products and trading experiences, without the need to adapt to existing offerings. Currently, YOLO remains in the early stage of development, with room for further improvement. The launch was inspired by PaperTrade, he added.
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Final implementation rules for the GENIUS Act are expected to be released by the end of October.
Crypto journalist Eleanor Terrett reported that Office of the Comptroller of the Currency (OCC) Director Jonathan Gould said the final rules for the OCC’s implementation of the GENIUS Act are expected to be released soon, by the end of October. Gould made the remarks at the "Building the New Digital Economy" event hosted by the Milken Institute, which was held concurrently with DC FinTech Week.
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The three major U.S. stock indices opened lower but climbed higher, with the S&P 500 index turning positive.
According to market data from BIT (bit.com), the three major U.S. stock indexes opened lower and moved higher: the S&P 500 turned positive, the Nasdaq’s decline narrowed to 0.4%, and the Dow Jones rose nearly 1%. Among component stocks, Micron Technology neared a positive turn after falling more than 6% earlier; Microsoft, Apple, and Google gained 0.5% each, while SanDisk and SpaceX fell 3%.
Odd Lots: Jeff Yan's Plan to Bring the Entire Financial Industry Onto Hyperliquid (Podcast)
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Traders and market watchers around the world started talking about a crypto platform called Hyperliquid earlier this year, when speculators used markets built on top of it to trade crude oil after war broke out in Iran. What Hyperliquid allowed for was a 24/7 market on the blockchain. Then in August, President Trump said the CFTC was working on bringing “Hyperliquid into the United States in a fully compliant and legal fashion.” Hyperliquid currently operates outside the US, but that hasn't stopped it from growing prodigiously in the last year. Jeff Yan, CEO and co-founder of Hyperliquid Labs, joins us today to explain how exactly the platform works: He walks us through the protocol he and his co-founders built, the ecology of actors and assets that are tied to Hyperliquid (like the platform's cryptocurrency HYPE), how perps are bought and sold on the platform, he explains what a blockchain oracle is, and he discusses what has to happen for Hyperliquid to start operating in the US.
Hyperliquid founder Jeff Yan said U.S. regulators should oversee financial firms operating on the blockchain rather than regulate the network itself.Yan’s proposal could allow Wall Street firms to build regulated trading businesses on Hyperliquid without requiring the blockchain to register as an exchange.Kraken parent Payward plans to offer U.S. investors derivatives using Hyperliquid’s technology through a regulated exchange, even as Hyperliquid’s perpetual futures market remains closed to them.Hyperliquid founder Jeff Yan wants U.S. regulators to oversee financial firms using his blockchain rather than the network itself.
Companies operating trading markets on Hyperliquid should be responsible for meeting regulatory requirements, much like financial firms using internet infrastructure, Yan said Thursday in a Bloomberg interview.
“The regulation sits at the layer where there are controls, and indeed the deployers are the ones that exercise these controls,” Yan said.
Hyperliquid, best known for its eponymous perpetual futures trading platform, remains closed to U.S. customers.
However, Kraken’s parent company, Payward, plans to offer investors in the country derivatives using Hyperliquid’s technology through a regulated exchange. For Hyperliquid, this means it could add a Commodity Futures Trading Commission (CFTC) regulated operator even though its perps market remains unavailable to U.S. customers.
Yan’s proposal would allow Wall Street firms to build trading businesses on Hyperliquid without requiring the blockchain itself to operate as a regulated exchange.
“We’re not trying to displace anything,” Yan said. “In fact, I think the technology can benefit everyone who currently operates markets in a more traditional setting.”
His comments come after President Donald Trump said in August that the CFTC was working to bring Hyperliquid into the U.S. under federal regulations.
