Bitcoin24h $71,305.92-3.53%

Ethereum24h $2,181.56-5.67%

BNB24h $648.19-2.77%

XRP24h $1.44-4.30%

Solana24h $89.22-4.66%

TRON24h $0.3019-0.68%

Dogecoin24h $0.0943-4.88%

Hyperliquid24h $41.25+3.83%

Cardano24h $0.2716-4.91%

Bitcoin Cash24h $448.63-4.87%

Oil price surge sparks billion-dollar trading frenzy on crypto platforms

Tokenized crude oil perpetuals on Hyperliquid have generated multiple, billion-dollar trading days this week.

Trove Markets perpetrator is Chinese crypto scammer, report

Crypto sleuth Eyeonchains claims to have identified the “real actor” behind Trove Markets as the Shanghai-based Jin Qing Qing.

The collectible perp trading project Trove Markets launched its token yesterday, and it shed over 90% of its value in minutes.

A token unlock for Core Contributors increased the supply of Hyperliquid by 5.5% overnight, diluting all other investors.

Gauntlet’s Tarun Chitra claims “greedy” ADL led to excess Hyperliquid losses, and describes a new “risk-aware pro-rata” ADL algorithm.