Trader 0xb15b liquidated 13 times shorting $ETH, loses $1.14M on 18,080 $ETH

Legendary investor Stan Druckenmiller published a statement announcing he is pleased to join Trade.xyz as an investor, expressing anticipation for the firm’s collaboration with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual contracts to the U.S. As a market participant, he also looks forward to leveraging Trade.xyz’s innovative products to enhance his investment workflows. Druckenmiller, a legendary macro hedge fund manager and former chief trader of Soros Quantum Fund, led iconic trades including the 1992 British pound "Black Wednesday" bet, later founded Duquesne Capital, and is long famed for precise macro trend positioning and rare, sustained excess returns, recognized as one of the most influential macro investors of the modern era.

Huobi HTX announced that the UK Financial Conduct Authority (FCA) had initiated legal proceedings against the exchange in the UK. Following a period of constructive communication between both parties, the matter has now been resolved. Huobi HTX has always sincerely cooperated with the FCA, actively collaborated with the regulator, and responded proactively to its concerns over the UK market. During this period, in line with its commitment to upholding compliance standards, Huobi HTX gradually strengthened restrictions related to the UK market and exit arrangements, and rolled out corresponding operational measures. These measures were already implemented before the settlement was reached. The settlement further reinforces the aforementioned measures, and does not constitute an admission by Huobi HTX of any legal liability, wrongdoing, or violation. The settlement eliminates relevant legal uncertainty, aligning with the exchange’s ongoing commitment to enhancing its compliance standards. This allows Huobi HTX to focus on its core priority: delivering high-value services to users and achieving long-term sustainable growth. Huobi HTX thanks all parties for their professional cooperation in resolving this matter, and will continue to focus on serving users responsibly. Looking ahead, Huobi HTX is willing to engage in constructive cooperation with all industry stakeholders, including partnering with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.

Over the past few hours, 5 whales have all opened long positions on $HYPE, totaling 597,912 $HYPE ($52.7M).

U.S. September core PCE price index rose 3.1% year-over-year, in line with market expectations of 3.10%, up slightly from the prior reading of 3.00%.

The initial annualized quarterly rate of U.S. real GDP for the third quarter came in at 3.4%, a sharp acceleration from 2.2% in the prior quarter and exceeding market expectations of 3.2%. The artificial intelligence (AI) investment boom continues to drive economic growth. So far this year, U.S. companies have ramped up large-scale investments in AI data centers and high-tech equipment, providing key support for economic expansion. Despite persistent inflationary pressures, consumers have maintained robust spending. Federal Reserve (Fed) Chair Waller said Wednesday that economic growth momentum has strengthened, noting that consumer spending is solid and capital expenditure as a share of GDP is at a historic high. U.S. President Donald Trump described the U.S. economy as "the hottest economy in the world". U.S. economic growth continues to outpace other member states of the Group of Seven (G7).

OKX founder and CEO Star stated on social media platforms that he will push perpetual contracts into the regulated U.S. market. The project is being jointly developed by Intercontinental Exchange (ICE, parent company of the New York Stock Exchange), on-chain perpetual contract platform Trade.xyz, and OKX. According to public information, ICE has signed a definitive agreement with Trade.xyz, planning to build an independent trading and clearing framework in the U.S. to support 24/7 perpetual contract trading for stocks, indices, commodities, foreign exchange, and crypto assets. Under the partnership, ICE acts as the exclusive operator of this U.S. market, Trade.xyz serves as ICE’s exclusive partner for launching the business in the U.S., and retail user distribution will be handled via a joint venture between ICE and OKX. Star noted that the collaboration will combine ICE’s institutional-grade market infrastructure, Trade.xyz’s on-chain innovation capabilities, and OKX’s distribution and trading technology, with the aim of forming a new generation of global, all-weather financial markets.