News linked to both this project and an event.
Odaily reports: Crypto trader Ansem shared his recent investment views, stating that the crypto market is gradually shifting toward a phase that places greater emphasis on individual project fundamentals, capital inflows, and actual business performance. As a result, identifying mispriced assets and determining which teams are truly driving project development will become increasingly important, rather than relying entirely on the price action of major assets such as Bitcoin and Ethereum.Ansem believes that the investment approach to altcoins in this cycle differs from the past. Assets such as HYPE and ZEC have, even during periods of overall market weakness, decoupled from Bitcoin and Ethereum and charted independent price movements.
Odaily reports, according to Onchain Lens monitoring, a Hyperliquid trader had two short positions liquidated, losing $47,900. Among them, the BTC short position was worth $4.29 million, with a loss of $46,070; the ZEC short position was worth $61,880, with a loss of $1,800. Hours earlier, the trader had deposited $200,000 USDC in an attempt to save the positions. Currently, the trader still holds $17.36 million in open short positions, with an unrealized loss of $149,900.
According to monitoring by on-chain analyst Ai Yi, an address lost $9.05 million on long positions over the course of a week but continued to add to its position. At the end of September this year, the address's Hyperliquid account was once up $19.7 million in profit, after which the account's returns declined. Its most recent BTC 40x long position was opened in the early hours of October 16, with the position at one point increased to $187 million; 5 hours ago, its ETH long position worth $11.74 million was fully liquidated, with a loss of $1.08 million. As of now, the address's ETH and BTC trades have realized a combined loss of $4.5 million. It currently has a remaining $110 million BTC long position totaling 1,355.6 BTC, with an unrealized loss of $287,000, and plans to stop out of the entire position if the price falls below $80,500.
Odaily Report: According to on-chain analyst Ai Yi's monitoring, the top three ETH positions on Hyperliquid are currently showing an unrealized loss of $9.493 million, with one address becoming the address with the largest unrealized loss on ETH. This address has held a 13x long ETH position since September 21, during which it reduced its position by 8,250 ETH, realizing an actual loss of $2.277 million. It currently still holds 40,268.75 ETH, worth approximately $97 million, with an average entry price of $2,646.05, a liquidation price of $2,290.99, and a remaining liquidation buffer of $116.51.
Odaily Report: According to Lookonchain monitoring, trader "Brother Machi" (@machibigbrother) suffered a full liquidation again approximately 4 hours ago, with nearly all of the 250,000 USDC deposited two days prior now lost.Lookonchain noted that Machi's unrealized gains on the Hyperliquid platform once reached as high as $44.84 million a year ago. Now, not only has he given back all of those profits, but he has also incurred an additional loss of approximately $36.85 million, with cumulative P&L having drawn down about $81.69 million from its previous peak.
pump.fun has launched perpetual contract trading services on its frontend based on Hyperliquid's Builder Code mechanism.pump.fun stated in its official documentation that when users trade on Hyperliquid through its perpetual contract feature, pump.fun charges a developer fee (Builder Fee) of up to 0.10% on the notional value of each order submitted by users (including opening, adding to, or closing positions). Additionally, for each transfer of assets to or from Hyperliquid via the cross-chain bridge provided within the app, pump.fun charges a fee of up to 0.25%, which is charged on top of the fees collected by the cross-chain bridge operator itself and may be displayed together with the operator's fee as a combined cross-chain fee amount.
According to Onchain Lens monitoring, a Hyperliquid trader's account address has been published. Previously, the trader held a TSLA short position worth $4.25 million for 1 day, making a profit of $241,700, a gain of 21.5%; the SKHX short position profited $1.34 million, the NBIS short position profited $1.17 million, the SPXC short position profited $552,400, and the XYZ100 short position profited $498,100; total unrealized profit was $3.65 million, with cumulative historical losses of $217,600.
Odaily reports: According to Onchain Lens monitoring, a trader on Hyperliquid holds a TSLA short position worth $4.25 million, which generated a profit of $241,700 after being held for 1 day, representing a return of 21.5%. The trader's other profitable short positions include: SKHX short position with a profit of $1.34 million, a return of 86.9%, held for over 3 days; NBIS short position with a profit of $1.17 million, a return of 104.1%, held for over 9 days; SPXC short position with a profit of $552,400, a return of 46.2%, held for over 9 days; XYZ100 short position with a profit of $498,100, a return of 32.5%, held for 4 days. The above positions have a combined unrealized profit of $3.65 million, while the trader's cumulative loss stands at $217,600.
According to data monitored by on-chain analytics platform Lookonchain (@lookonchain), on the launch day of papertrade (@papertrade_xyz), an on-chain perpetual futures exchange built on Hyperliquid, one trader executed $10.1 billion in trading volume. Although his trades incurred a loss of $979,000, he was awarded 252 million PAPER tokens. He subsequently ceased trading and staked all 252 million PAPER tokens, having already claimed $1.73 million in USDC staking rewards to date. Over the past three days, he has averaged earnings of approximately $220,000 per day. After factoring in his trading losses, his current cumulative profit is approximately $762,000.
Odaily News: According to on-chain analyst Ember, Perp @papertrade_xyz on Hyperliquid, since launching loss-mining on the 10th, in less than 6 days, the trading volume of the top three addresses has each exceeded $10 billion.The first-ranked address had a trading volume of $11.6 billion, trading losses of $780,000, and obtained 46 million PAPER through loss-mining, with a token acquisition cost of $0.017; the second-ranked address had a trading volume of $10.3 billion, trading losses of $930,000, and obtained 85 million PAPER through loss-mining, with a token acquisition cost of $0.011; the third-ranked address had a trading volume of $10.1 billion, trading losses of $980,000, and obtained 252 million PAPER through loss-mining, with a token acquisition cost of $0.0039.The above token acquisition costs do not include dividends from PAPER earned through mining. If relevant dividends are included, the token acquisition costs will decrease further, and the third-ranked address's token acquisition cost will turn negative.
Odaily News: According to watershedpath monitoring, watershedpath holds a HYPE long position worth $11.2 million with 5x leverage, with unrealized profit of approximately $58 million. The average entry price for this position was $38.68, and the current price is $81.38, roughly double the entry price. watershedpath has held this position until now without taking profits. This position is one of the largest single-sided HYPE allocations on Hyperliquid, and watershedpath's total profit on the platform has exceeded $50 million.
Odaily reports: Patrick Collison posted on X that more than a year after Privy joined Stripe, its wallet asset scale has grown to about 25 times its previous level, its number of monthly active developers has grown about 3 times, and its revenue has grown about 9 times. It currently facilitates nearly $25 billion in transactions per month. Companies such as Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is integrating Privy into Treasury, Link, and Connect, and plans to launch a Link balance feature. Privy's wallet infrastructure already supports AI agents in conducting transactions and earning income. Stripe, together with Privy, Bridge, and other businesses, is building a unified API to support holding stablecoin balances and earning yield, fiat funding inflows and outflows, and arranging spending through bank cards.
According to monitoring by Onchain Lens, three newly created wallet addresses suspected to belong to the same whale have collectively staked 1.255 million HYPE tokens on the decentralized derivatives trading platform Hyperliquid, totaling approximately $100.43 million. Specifically, the three addresses staked 460,180 HYPE (approximately $36.84 million), 449,900 HYPE (approximately $35.98 million), and 345,250 HYPE (approximately $27.62 million), respectively.
Odaily reports: Bitwise analyst Ishmael Asad posted on X that Bitwise is currently working with over 20 wealth management platforms, which collectively manage approximately $24 trillion in assets. Bitwise is also pushing these platforms to approve crypto asset exchange-traded products (ETPs) so that their investment advisors can offer clients access to crypto asset allocation.Currently, among the institutions Bitwise works with, 17 have approved crypto-related equity ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved top-10 crypto asset portfolio ETPs, and 2 have approved Solana ETPs, with 1 each approving a Bitcoin and gold combo ETP and an XRP ETP.Asad stated that since the first batch of spot crypto ETFs launched in January 2024, crypto ETPs have seen cumulative net inflows of approximately $77 billion. Currently, there are over 50 spot crypto ETPs in the U.S. market, and the number continues to grow, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, crypto asset portfolios, and more. Additionally, wealth management institutions' interest in crypto assets continues to grow, with related demand extending from ETPs to crypto trading and custody, payments, and tokenization.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a smart money address with a cost basis as low as $3.87 previously sold from $93 all the way down to $81, with estimated profits of $21.48 million. Two hours ago, this smart money address once again deposited 100,276 HYPE tokens to Kraken, worth approximately $8.17 million; since September 28, the cumulative HYPE transferred to exchanges has increased to 261,926.4 tokens, with a total value of $22.49 million, at an average deposit price of $85.87, representing a return rate exceeding 2,119%.
Odaily reports: According to Odaily monitoring, an address currently holds approximately 1.38 million HYPE long positions, with a notional value of approximately $114.63 million and current unrealized profit of approximately $61.256 million. This position accounts for approximately 6.88% of HYPE contract open interest, with a denominator of approximately $1.667 billion in total market notional open interest. This is the first observation; no trades were found in existing records, and the position entry time cannot be determined based on this information. According to the official leaderboard, this address has a daily PnL loss of approximately $6.947 million and a weekly PnL loss of approximately $14.344 million, both ranking No. 1; the leaderboard data is not equivalent to self-calculated realized PnL.Address: 0x082e843a431aef031264dc232693dd710aedca88Contract: HYPECurrent Position: Long, notional value $114,630,100Current Unrealized PnL: $61,256,100Official Leaderboard Account PnL (Last 1 Day): -$6,946,700Official Leaderboard Account PnL (Last 7 Days): -$14,343,600Account Observed Contract Trades Realized PnL: $0.00 (excluding funding fees)Distance from Liquidation Price at Observation Time: 10.30% (not a liquidation prediction)
according to Lookonchain monitoring, a whale created 4 new wallets 4 months ago and began trading on Hyperliquid, completing 15 trades with almost all of them profitable, accumulating $29.75 million in profits. Today, the whale once again went long 24,000 ETH, with a position value of $60.7 million and current unrealized profit of $2.6 million.
Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, with a total purchase amount of $69.68 million and an average price of $2,534. The entire process is as follows: BTC that was withdrawn from HTX about a year and a half ago was transferred to Hyperliquid, sold and converted into USDC, then the USDC was transferred back to Arbitrum and bridged to Ethereum, and finally ETH was purchased on the Ethereum chain.
Odaily News: According to on-chain analyst Yu Jin's monitoring, NEAR has risen over 145% within a month. The largest NEAR long position held by trader @mk4_lul (0x773...5Bf66) on Hyperliquid currently has unrealized profits exceeding $20 million. The trader opened a long position of 5.76 million NEAR at an average price of $2.35 in September, and NEAR is currently priced at $5.85.
According to Lookonchain monitoring, a whale sold 410.14 BTC worth $34.16 million on Hyperliquid, and then bought 14,341 ETH worth $36.14 million on a DEX.