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.
Extreme negative funding rates turned the winning short-sale of a crypto meme into a huge loss, despite a correct bet on its decline.
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.
Tokenized crude oil perpetuals on Hyperliquid have generated multiple, billion-dollar trading days this week.
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders.