Hyperliquid Confirms Former Employee Behind HYPE Shorting Activity

Hyperliquid Confirms Former Employee Behind HYPE Shorting Activity The decentralized finance (DeFi) world was rocked this week by a stark admission from a major player. Hyperliquid, a leading perpetual futures decentralized exchange (DEX), confirmed that a terminated employee was responsible for significant short positions against its native token, HYPE. The Incident: A Breach of Trust…

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Market Maker Sounds Alarm: Volatility Persists in Thin Holiday Trading

Market Maker Sounds Alarm: Volatility Persists in Thin Holiday Trading The crypto market experienced a stark reminder of its fragility last week. Leading market maker Wintermute reported repeated selloffs that sent Bitcoin briefly below $85,000 and Ethereum tumbling under the $3,000 threshold. This sharp downturn, occurring during a period of typically thin summer holiday trading,…

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