Flash News

TREE NEWS reports: Synthetic perpetual DEX Papertrade.xyz, built on Hyperliquid’s HyperEVM, has attracted $118 million in deposits, with TVL at $118 million and leverage of up to 1000x. As of 11:45 a.m. ET on October 10, its 2,349 positions showed about $11 billion in open interest backed by only $54 million in collateral. The platform charges no slippage, funding rate, spread or traditional notional trading fees.

TREE NEWS reports: Papertrade’s dashboard showed $10.3 million in staker rewards hours after the 1000x-leverage venue launched. The same dashboard listed roughly $5 million in its house pool and no queued payout debt, with trading losses funding the PAPER rewards.

TREE NEWS update: Papertrade’s dashboard showed $10.3 million in staker rewards just hours after the 1000x leverage exchange launched. The same dashboard listed approximately $5 million in the house pool, with no pending payout liabilities, and trading losses are covering PAPER rewards.

TREE NEWS reports: Papertrade’s dashboard showed $10.3 million in staker rewards just hours after the 1000x leverage exchange launched. The same dashboard listed roughly $5 million in the house pool with no pending payout liabilities, with trading losses covering PAPER rewards.

TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $82.578 million over the past 24 hours, with $38.32 million in long positions and $44.26 million in shorts, CoinGlass data show. Bitcoin liquidations reached $7.10 million and Ethereum $7.37 million. The largest single liquidation, worth $3.79 million, occurred on HYPERLIQUID-XYZ:INTC-USD.

TREE NEWS reports: Papertrade drew a reported $3 billion in positions within its first hour of operation. DefiLlama tracked $137.1 million in trader balances and house liquidity combined, a fraction of that notional figure. Those funds are not all available to pay winning trades.

TREE NEWS update: StarkWare has described a shift of Starknet to layer 1 as its “clearest path forward,” while noting the network still settles on Ethereum. A day earlier, Starknet’s official account said an L1 move was “a question, not a decision.” No timeline or formal decision on the transition was disclosed.

TREE NEWS reports: A wallet linked to the CryptoBilis thefts routed 464 ETH into Tornado Cash, on-chain Ethereum records show. The funds passed through an intermediary address and four deposit wallets before reaching the mixer. The source address still held roughly 700 ETH after the transfers.

TREE NEWS reports: A wallet linked to the CryptoBilis theft sent 464 ETH to Tornado Cash, according to on-chain Ethereum records. The funds reached the mixer through an intermediary address and four deposit wallets. About 700 ETH remained in the originating address after the transfer.

TREE NEWS reports: One year after the October 2025 crypto crash, the high-leverage and crowded-trade risks that triggered it remain in place. Bitcoin had just set an all-time high near $126,000 before falling from about $122,000 to $105,000, sparking roughly $19 billion in crypto liquidations. Connors said open interest sat near record highs as traders bet on a four-year cycle rally, and the reversal was driven by derivatives rather than on-chain demand.

TREE NEWS reports: Hyperliquid’s cumulative protocol revenue has passed $1.4 billion, with perpetual futures contributing close to 90% of the total. The figure covers revenue accrued by the decentralized exchange since launch. Hyperliquid has become one of the highest-grossing DeFi protocols, with perps remaining its dominant business line.

TREE NEWS update: Derive’s DRV token hit an all-time high near $0.56 as on-chain options apps open early access. Dreaming, built on Derive infrastructure, offers BTC, ETH, SOL, HYPE, PUMP and LIT options and has distributed 500,000 Genesis Points to Jan 14–Jul 15 closed-beta traders plus 100,000 to Sep 25–Oct 6 traders, with weekly Dream Points from Oct 16. HEAT launched alongside Derive V3 with chart-based options, while PaperTrade opens pre-deposits ahead of trading on Oct 11, roughly an hour after the HyperEVM upgrade.

TREE NEWS update: Papertrade will begin trading its 1000x perpetual futures at 10 a.m. ET on Oct. 10, with $85 million in user deposits recorded ahead of the launch. The user deposits are held separately from the house-side pool, which starts at zero and grows from traders’ losses.

TREE NEWS reports: Papertrade will launch 1000x perpetual futures trading at 10 AM Eastern Time on October 10. Prior to launch, $85 million was recorded in user deposits. User deposits are held separately from the house pool, which starts from zero and grows through traders’ losses.

TREE NEWS reports: Aerodrome’s AERO token has gained 48% over four weeks, outpacing both bitcoin and ether, as the Base-based DEX holds about $393 million in total value locked. The rally comes ahead of Aerodrome’s planned merger with Velodrome. AERO trades on the Base network, where Aerodrome is the largest decentralized exchange by deposits.

TREE NEWS reports: Aerodrome’s AERO token has climbed 48% over four weeks, outpacing both Bitcoin and Ethereum. Total value locked (TVL) on Aerodrome, a Base-based DEX, stands at approximately $393 million. The rally comes ahead of Aerodrome’s planned merger with Velodrome. AERO trades on the Base network, and Aerodrome is the largest decentralized exchange on that network by deposits.

TREE NEWS update: Aerodrome’s AERO token has climbed 48% over four weeks, outpacing both Bitcoin and Ethereum. Total value locked (TVL) on Aerodrome, a DEX on Base, sits at around $393 million. The rally comes ahead of the planned merger between Aerodrome and Velodrome. AERO trades on the Base network, and Aerodrome is the largest decentralized exchange on that network by deposits.

TREE NEWS reports: A whale address 0x5EC moved 10 million POL worth about $987,000 to Binance after unwinding a leveraged position. The address had bought 25 million POL at roughly $0.1228 ($3.07 million), pledged it as collateral on Aave to borrow about $1.4 million for Binance trading, then repaid the loan and withdrew the collateral as POL fell. Selling now would mean a loss of nearly $400,000.

TREE NEWS update: Papertrade, a perpetuals exchange built on HyperEVM by traders Jez and Blurr, opens for live trading on Saturday, October 10, after pre-deposits opened yesterday. The platform offers up to 1,000x leverage with no slippage or funding rates, using a shared USDC pool called Martingaler LP as the counterparty, and mints PAPER tokens to traders who lose.

TREE NEWS reports: Papertrade, a perpetual futures exchange built on HyperEVM, will begin live trading on Saturday, October 10, following yesterday’s start of pre-deposits. The platform offers up to 1,000x leverage, with no slippage or funding rates, using a shared USDC pool called Martingaler LP as the counterparty, and issues PAPER tokens to traders who incur losses.