A trader lost over $2 million in Ether after a router directed their trade through a low-liquidity pool on a decentralized exchange, allowing a block builder to profit from arbitrage. The trader received only $14,500 worth of tokens.
Singapore's central bank, MAS, added decentralized exchange Hyperliquid to its Investor Alert List, identifying it as an entity not licensed or regulated by MAS, as the city-state continues to tighten its cryptocurrency oversight and consumer protection measures.
Decentralized perpetual futures exchange Hyperliquid has grown rapidly since its 2023 launch, processing trillions in volume and becoming a top crypto project. It offers low fees, high leverage, and a wide range of assets, attracting over 1.2 million users.
Solana-based decentralized exchange Raydium experienced a $1.34 million exploit affecting five deprecated liquidity pools from an older automated market maker program. The attacker stole USDC, SOL, and RAY tokens, but current users were unaffected. This incident adds to a growing list of DeFi exploits.
Decentralized exchange edgeX attributes a 40% plunge in its EDGE token to market manipulation by an external party. Onchain investigator ZachXBT disputes this, citing the token's low circulating float and insider control as the likely cause.
Hyperliquid's native token, HYPE, has surged to a record high of over $62, defying the broader cryptocurrency market slump with a 120% year-to-date gain. This rally is attributed to a shift towards an institutional Wall Street platform, strong ETF flows, and a short squeeze.
Solana's SOL token dropped 15% as DEX activity fell 56% since January. Negative futures funding rates signal bearish sentiment amid competition from Base and Hyperliquid.
Intercontinental Exchange and Chicago Mercantile Exchange urge US regulators to curb Hyperliquid's entry into commodity markets, citing insider trading and price manipulation risks.
Intercontinental Exchange and CME Group have reportedly urged the CFTC to address market integrity risks on the decentralized exchange Hyperliquid, citing its pseudonymous trading environment. Hyperliquid Policy Center dismissed concerns, highlighting platform transparency.
Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid, betting that renewed military conflict in the Middle East could push crude prices back to $100 a barrel. The surge in blockchain-based trading followed Iran's abrupt decision to shut the Strait of Hormuz to commercial shipping, […] The post Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure appeared first on CryptoSlate.
