A large short placed during off-hours sent EdgeX’s XYZ100 perpetual down nearly 4%, exposing risks in equity-index perps when traditional markets are closed. What to know : A newly created wallet executed a short worth roughly $10 million on EdgeX’s Nasdaq 100–linked perpetual, triggering a rapid 3.5% price drop and a liquidation cascade across long positions. With U.S. equity markets closed, traders cannot hedge exposure to the Nasdaq, leaving equity-index perps more susceptible to large orders and thin liquidity. EdgeX processed about $167 billion in perp volume last month, underscoring how fast-growing crypto derivatives platforms are pushing into tokenized equities.

[JPMorgan Launches Tokenized Money Market Fund MONY with Initial Funding of $100 Million on Ethereum] JPMorgan is launching a product called 'My OnChain Net Yield Fund' (abbreviated as MONY), a tokenized money market fund issued on the Ethereum blockchain, with an initial funding size of $100 million.

[Jeff Huang Increases Long Position by 125 ETH, Total Position Reaches 3,900 ETH] Jeff Huang has added another 125 ETH to his long position, bringing the current position size to 3,900 ETH (approximately $12.36 million), with an average entry price of $3,171.32 per ETH and an unrealized profit of $5,768.

KTA&TIBBIR Whale, which holds nearly $3.5 million in assets, swapped 50000 KTAs (approximately $14000) for 320120 EDELs about 4 hours ago. （Lookonchain）

Aptos has increased its stablecoin supply by $386.2 million in the past 24 hours, ranking first among all blockchains in terms of increment. （Cointelegraph）