4 stories mentioning it. Newest first.
The return to green on a $60M notional book shows how thin the margin is for high-leverage perps traders: a single day's spot move erased weeks of unrealized losses.
Gold tokens like PAXG and XAUT track metal prices with no yield. T-bill tokens like BUIDL and OUSG pass through ~4-5% yield but add custodial and KYC layers. They're different tools, not rivals.
Backed 1:1 sounds reassuring. But tokenized gold is a chain of claims, not a bar in your hand, and the failure modes live in the seams.
The sales, totaling 326 ETH, come as repeated Hyperliquid liquidations have left his account with just $81K, raising questions about whether the trader is flush or scrambling.
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