No Durian today🦐 retweeted
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
No Durian today🦐 retweeted
with hyperliquid's network upgrade beginning now papertrade's launch is imminent.
papertrade might be one of the most interesting experiments crypto has run in years.
we're about to find out what happens when an exchange is owned by its losers.
No Durian today🦐 retweeted
papertrade launch timing and details
papertrade is expected to launch at 14:00 UTC on 10.10.2026, following the scheduled hyperevm network upgrade.
at this time trading through the frontend will be enabled.
deposits will pause for a short period of time at 13:45 UTC, fifteen minutes before, to ensure that trading has the utmost priority during launch. if you wish to participate in the launch you must predeposit.
launch congestion
papertrade will be congested at the start due to launch demand. expect temporarily long confirmation wait times, especially for smaller notional trades.
the frontend relayer plays an important role during launch, controlling how transactions are submitted to the hyperevm. some actions like staking distributions run separately in big blocks. the chain will always look as if only half of all possible gas is being used, this is optimal. using more than this would exponentially raise fees within minutes to unpayable prices.
oi limits
papertrade has individual atomic position limits of 10m. there is no limit on the number of 10m positions a user can have. papertrade also has floating oi headroom per market/side, which determines how much oi can be opened in a very short period. these are not designed to be triggered through normal trading usage and are set at 1bn per market/side for launch.
asym pnl fee parameters
papertrade inherits rollbit’s asymmetric fee pnl curve
the parameters are:
-baseRate: .1
-rateMultiplier: 15000
-rateExponent: 1
-referenceNotional: 100000*k (k=1m)
-positionMultiplier: 814.598 btc / 483.979 eth
-profit deadman: 0.2 basis points
a visualization of the pnl parameter curve is below
admin keys
the papertrade admins (2 of 3 multisigs consisting of @izebel_eth @blurr @UngusTrade ) perform three separate roles:
-guardian: pause opens and freeze individual/global markets. if a market is frozen any existing positions can still be closed against the paused bbo mid.
-owner: set impact curve and fee parameters. change configure relayers/keepers. list new markets and upgrade the contracts. all contract upgrades are gated by a 7 day timelock.
-markets: adjust the oi headroom per market/side. set the minimum margin and minimum position sizes.
read more about these features at: docs.papertrade.xyz
No Durian today🦐 retweeted
Stripe has built every layer a Crypto Card needs
@StripeCrypto just mapped out its full stablecoin stack. Read it as a card app and it looks like this
- Wallet: @privy_io holds the user's stablecoins
- Top-up: Crypto Onramp turns fiat into crypto inside the app
- Rails: @Stablecoin moves money between fiat and stablecoins, virtual accounts included
- Card: Stripe Issuing, over 400M cards issued across all its programs
- Chain: @tempo
- Coin: @openstandard , launching later this year
Stripe calls the last two independent infrastructure. The family ties are still easy to see
- Tempo was incubated by Stripe and Paradigm
- Open USD's CEO is @zcabrams , who co-founded Bridge
Phantom, Exodus, Morse, Plata, Chipper Cash, Airtm and 10 more apps already run their cards on Bridge
Card apps compete on cashback. Stripe builds what they run on
$VAR
FDV $300M → Buy
FDV $500M → Buy
FDV $1B → smol Buy
FDV $2B → Hold
FDV $3B → Sell
FDV $4B → Sell
FDV $5B → Sell
No Durian today🦐 retweeted
Now I know why it’s called $LAPTOP
I don't understand @world_xyz try do what??
Can someone please tell me?😂
rumor has it
a surprise $319M airdrop
is coming to @solana users all over the world
i wonder what day this would happen?
No Durian today🦐 retweeted
THE BLOCK: FriendTech's token value soared over 2,800% early Thursday after crypto trader Machi Big Brother offered $1 million to acquire the decentralized social media app and relaunch it through a community takeover.
Lookonchain reported that Machi was sitting on over $16 million in unrealized losses on base:0x0bd4887f7d41b35cd75dff9ffee2856106f86670, having previously spent roughly 5,200 ETH ($16.7 million) to buy 11 million tokens.
Free money?
No Durian today🦐 retweeted
Today, we’re announcing an initial slate of partners for Open ATLAS: @GTE_XYZ, @Bullish, @definedfi, and @get_truenorth.


































