Crypto trader shorted the top, still lost 3,963%
Extreme negative funding rates turned the winning short-sale of a crypto meme into a huge loss, despite a correct bet on its decline.
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Newsletter
Inside DeFi 008: A 99.93% loss, and are DAOs done?
Today, we look at a gung-ho swap which lost the user almost $50M, the move away from DAOs, and some short snippets from the security space.
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.
US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Polymarket ends trading loophole for bitcoin quants
Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders.
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XRP Ledger generated less than $400 in fees yesterday—by Protos Staff
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HTX moved $1.3 billion from reserves to undisclosed ‘ThirdParty’—by Protos Staff
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One laptop: How poor security ruined Humanity Protocol—by Protos Staff
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La Liga club Osasuna reportedly used Kalshi to hedge relegation risk—by Protos Staff
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Bounty-chasing Pump Fun users are tattooing crypto tickers on their faces—by Protos Staff
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Blackstone gates withdrawals as crypto and private credit slide—by Protos Staff
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STRC tumbles as DeFi copies lose their peg—by Protos Staff
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Jim Chanos was right about Strategy — just not patient enough—by Protos Staff
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Twenty One has four days to fix NYSE non-compliance—by Protos Staff
