ASIC Targets Crypto Derivatives Loophole After A$458M Losses
The proposal would extend leverage, margin and negative-balance protections to qualifying digitally settled contracts while keeping existing safeguards in force until 2037.
The proposal would extend leverage, margin and negative-balance protections to qualifying digitally settled contracts while keeping existing safeguards in force until 2037.
Trading losses outweighed staking rewards, leaving the trader with a $637K net loss despite earning 136M PAPER tokens and $1.07M in USDC rewards.
Fixed 2027 expiry and no recurring funding fees set MNX apart from perpetual contracts, but trader-set pricing and leverage raise clear settlement risks.
Papertrade's $910B in daily volume and $28.4B in liquidations highlight the scale and risk concentrated in its perpetuals market.
The landmark trade brings a major market institution into onchain finance, reinforcing tokenization as a bridge between traditional markets and blockchain infrastructure.
The trader has reportedly generated $29.75M across 15 trades, making the new ETH position a notable smart-money signal for derivatives markets.
Weekly turnover keeps setting highs, but the growth is concentrating on one venue: Kalshi's $4B single-day peak on October 11 shows how lopsided the sector's expansion has become.
A fresh 24,000 ETH long gives the wallet a $60.7M directional bet, with $2.6M in unrealized gains already on the line.
TradFi-linked volumes are growing on Binance, but regulatory clarity remains the key condition for broader convergence between crypto and traditional markets.
The liquidation wave exposed how crypto venues now channel leverage into stocks, while a four-hour rebound flipped the losses from longs to shorts.
The liquidation shows the downside of concentrated exposure when a market drop hits a large single-asset long.
The hour’s damage was overwhelmingly concentrated in leveraged long positions, making forced selling the key signal as Bitcoin breaks lower.
The $1.29B expiry carries a 1.43 put-to-call ratio, while seven-day implied volatility has eased to 32.01% before two days of key US data.
The episode exposes the risk of pairing 1,000x leverage with an external price feed and a shared pool that takes the other side of trades.
A circuit court split over who regulates sports event contracts has drawn briefs from Dodd, Gensler, the NFL, 39 states and 145 tribal nations, just as the CFTC issued new rules staking its own claim.
The rule turns a cancelled held limit into an immediate-or-cancel order, leaving execution status separate from the cancellation acknowledgment.
Capital efficiency can turn a delta-neutral Bitcoin trade into a directional loss when exchanges cannot share collateral, especially during fast markets and withdrawal freezes.
The contracts offer round-the-clock stock exposure, but thin overnight liquidity can widen price gaps, weaken hedges and liquidate traders before Nasdaq opens.
The claims expose a potential oracle-design weakness: short-term changes in Hyperliquid quotes could affect executions on Papertrade.
Six wallets control 11.7M LUMIA in 3x long positions, highlighting concentrated leveraged exposure after the token's recent 100% surge.