🏴 Papertrade's Launch Weekend
Hyperliquid's 1000x perps experiment opens tomorrow. Here's how it works, who's lining up, and what could go wrong.
This is the summary Bankless publishes in its feed. The full article lives on their site.
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SUI Gains 54% in Four Weeks, Outpacing Bitcoin and Ether
Sui’s DeFi liquidity also expanded, but more slowly than its token price, while a recent pullback interrupted the rally.
Papertrade Traders Lose $18.2 Million as Staking Rewards Reach $12.6 Million
Reported staking rewards equaled about 69% of net trading losses, but the payouts redistribute money to PAPER stakers rather than reimburse each losing trader.
Papertrade Draws Reported $3 Billion in Positions in First Hour
DefiLlama tracked $137.1 million in trader balances and house liquidity combined. Those funds are not all available to pay winning trades.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
