A crypto trader paid $36,000 in node bribes and gas fees to front-run and purchase the token "Niu Lai", ultimately suffering a net loss of $14,000.

According to Fortune, Ethereum infrastructure firm Consensys is set to split its business: its consumer-facing operations will operate as an independent company under the MetaMask brand, focusing on wallets and related consumer financial services; its protocol and institutional-focused Ethereum software business will form another independent entity, retaining the Consensys name. Consensys founder Joe Lubin will serve as CEO of the independent MetaMask company, while also acting as executive chairman of the new Consensys; long-time executive Mike Kriak will lead Consensys. Lubin cited one reason for the split as MetaMask’s consumer business growing faster in value than the firm’s other operations. MetaMask has expanded from an Ethereum wallet to a crypto-native digital banking-like platform, offering services including unified accounts, debit cards, perpetual contracts, and prediction markets. Neither Lubin nor company spokespeople provided specific details on the IPO timelines for the two firms or MetaMask’s token issuance plans.

According to TradingBeats monitoring, trader Based16z liquidated approximately 7,650 long positions in VVV, valued at around $200,000. Following the position reduction, he still holds roughly 83,290 long positions in VVV, with a total position value of about $2.2 million and unrealized profit exceeding $500,000.

According to an official announcement, Bitget has launched four stock perpetual contracts: FCX (Freeport-McMoRan), BHP (BHP Group), RIO (Rio Tinto), and VALE (Vale S.A.). The contracts are settled in USDT, offer up to 20x leverage, and support 24/7 trading. As of now, Bitget supports a total of 310 stock contract underlyings.

According to market data from BIT (bit.com), BNC dropped over 8% after the US stock market opened, currently trading at $4.81. Separately, GMGN data shows that the tokenized stock BNC4 on the BSC chain is now priced at $5.25, with an approximately 9% premium over its underlying stock.

According to BIT (bit.com) market data, the three major U.S. stock indexes fell collectively at opening: the Dow Jones Industrial Average dropped 0.70%, the S&P 500 declined 0.29%, and the Nasdaq Composite fell 0.34%. Optical communication concept stocks led gains: Nokia (NOK) rose 4.11%, Marvell Technology (MRVL) gained 3.38%, Astera Labs (ALAB) increased 2.98%, Coherent (COHR) rose 2.92%, and Lumentum (LITE) climbed 2.81%. The storage sector saw broad-based gains: SK Hynix (SKHY) advanced 3.36%, Western Digital (WDC) rose 1.55%, Seagate Technology (STX) gained 0.44%, SanDisk (SNDK) increased 0.43%, and Micron Technology (MU) climbed 0.31%. Semiconductor stocks extended their rally: Arm (ARM) rose 4.68%, Marvell Technology (MRVL) gained 3.38%, Qualcomm (QCOM) advanced 2.86%, and AMD increased 1.86%. The Neocloud sector was mixed: Nebius (NBIS) rose 1.95%, Hut 8 (HUT) gained 1.17%, Applied Digital (APLD) advanced 0.55%; Cipher Digital (CIFR) fell 1.76%, and Galaxy Digital (GLXY) declined 1.11%.

Hyperliquid Policy Center (HPC) has filed an amicus curiae brief with the U.S. District Court for the District of Columbia, urging the court to dismiss the lawsuit brought by CME against the Commodity Futures Trading Commission (CFTC). The brief was submitted on behalf of Elizabeth Prelogar, former U.S. Solicitor General at law firm Cooley. In May this year, the CFTC approved Kalshi’s launch of Bitcoin perpetual contracts as futures products on its U.S.-regulated trading platform, and confirmed that other U.S. derivatives exchanges could also offer similar digital asset contracts. CME later filed the lawsuit, seeking to overturn the regulator’s decision. HPC contends that CME cannot demonstrate the CFTC’s ruling caused it actual harm, thus failing to meet the standing requirement under Article III of the U.S. Constitution. Furthermore, the Commodity Exchange Act is intended to promote responsible innovation and fair competition among exchanges, and CME’s effort to block rivals from launching new products falls outside the scope of protection provided by this law. HPC adds that the case’s outcome could also affect the entry of perpetual contracts and on-chain platforms like Hyperliquid into the U.S. regulatory system.