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Selini Capital unstakes 504,000 HYPE worth $31.7 million, netting nearly $20 million in profit
Odaily reports, according to Selini Capital's monitoring, it has just requested to unstake 504,000 HYPE, valued at $31.7 million. The address deployed the HIP-3 Dreamcash market. After announcing the closure of this market, Selini is unstaking the HYPE required to deploy and maintain the market, having netted nearly $20 million in profit from this investment.
Dreamcash will gradually shut down the CASH perpetual contract market while retaining its non-custodial trading application
Dreamcash, a Tether-backed Hyperliquid mobile interface and non-custodial trading platform, has announced it will gradually close its CASH perpetual contract market based on Hyperliquid HIP-3, while retaining its non-custodial trading application. All CASH markets will be settled sequentially according to a preset schedule between June 30 and July 2, with positions automatically closed at the settlement prices based on external oracle prices. During this period, the funding rate will be set to 0.