U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

According to YuEmber monitoring, a new wallet spent 440,000 USDC to go long on STRK on Hyperliquid yesterday morning. STRK subsequently rose more than 50%, generating an unrealized profit of $850,000 for the wallet within a day.

A user named Boblob on X has posted that two wallet addresses are actively exploiting the Papertrade protocol. These addresses, which execute trades on Hyperliquid with each transaction totaling approximately $20 million, have caused ETH price swings of around 10 to 20 basis points and built long positions on Papertrade with a nominal value of hundreds of millions of dollars. The user argues this exposes a critical vulnerability in the current Papertrade protocol that requires urgent fixing, as failure to do so would undermine its long-term sustainability. The claim remains a unilateral allegation from the user at this stage.

Filecoin is set to conclude its six-year genesis token vesting plan, ending the regular annual release of around 68.3 million FIL, with block rewards becoming the primary ongoing source of its new token supply. Calculations based on Lotus supply accounting code and the latest mining data from Filfox show the total annual new token supply from vesting releases and block rewards is projected to drop by roughly 77%, from 88.9 million FIL per year to 20.6 million FIL. The post-vesting data is annualized from the past 24 hours of output, intended solely to compare current annualized supply rates and not a forecast of next year’s block rewards. Per Filecoin’s published token allocation plan, Protocol Labs (including its team and contributors) was allocated 300 million FIL, while the Filecoin Foundation received 100 million FIL. The combined six-year allocation plan releases around 66.7 million FIL annually. Lotus’ supply accounting code also includes an additional 9.8 million FIL in the same six-year vesting category, bringing the annual planned release to roughly 68.3 million FIL. The relevant code calculates the vesting plan starting from the network’s liftoff epoch, divided into six cycles of 365 days each. Thus, based on Filecoin mainnet parameters and recorded genesis block data, the plan is set to conclude on October 14, 2026.

According to monitoring by TradingBeats and DefiLlama data, Papertrade’s Total Value Locked (TVL) is approximately $96 million, up 64.26% in 24 hours, ranking fifth among HyperEVM applications. By sub-protocol statistics, it places sixth in the cross-chain derivatives category. As of press time, Papertrade’s official data shows its nominal trading volume over the past 24 hours reached around $596.283 billion (including position opening, voluntary closing and liquidation). The protocol’s current open interest (nominal) stands at roughly $1.979 billion, with used margin of about $17.3766 million in the same period, meaning nominal positions are approximately 114 times the margin. Trading leaderboards indicate that all 15 top single-trade profit positions over the past 24 hours are ETH long positions, involving 11 accounts with total profits of around $792,300. Entry prices are concentrated between $2,495.65 and $2,502.95, while exit prices range from $2,508.75 to $2,516.05. Among these, 13 positions were held for less than an hour, and 5 used 1000x leverage. Protocol statistics show all traders have collectively realized a net trading loss of about $30.24 million. Notably, the top-profit account currently holds a $10 million nominal long position with $10,000 in margin, held for 31 minutes. ETH rose from $2,495.65 to $2,515.15 (a gain of only ~0.78%), yet the position generated a profit of ~$66,400, translating to a margin return of ~664.5%. It is reported that Papertrade is a synthetic perpetual protocol running on HyperEVM, supporting up to 1000x leverage, with trades settled directly against the protocol’s liquidity pool.

According to HTX market data, AERO is trading at $0.9422, up 17.29% in 24 hours; VELODROME is at $0.04087, with a 24-hour gain of 16.74%. Aerodrome and Velodrome will merge into a unified cross-chain decentralized exchange (DEX) named Aero, scheduled to launch on October 21. The merged platform will support Base, Ethereum Mainnet, OP, Arc, Ink, plus new chains Robinhood Chain and Arbitrum. AERO and VELO tokens will be consolidated into a single AERO token, with prior revenue allocated at approximately 94.5% to AERO holders and 5.5% to VELO holders. Communities and trading platforms will also migrate to the new Aero.

According to monitoring by Onchain Lens, a crypto whale purchased and withdrew a total of 26,070 ZEC tokens from Binance and Kraken within minutes, valued at approximately $31.93 million.