Sixteen wallets withdrew their margin, resulting in a loss of $556,000 for Hyperliquid HLP.

Bhutan has partnered with Canadian crypto asset management firm 3iQ to explore low-risk, market-neutral returns through its sovereign Bitcoin assets. (Bitcoin Archive)

Binance ARB/USDT perpetual futures trading volume surged 8-fold within 10 minutes, reaching $32.84 million in the past 24 hours, a decrease of 0.46%. A surge in trading volume generally indicates increased market activity or large-scale buying and selling operations, which may be caused by some important market changes or news announcements. According to AiCoin data, Binance Futures ranks No. 1 globally.

[Patricio Worthalter's linked address sells 2,000 ETH, transfers to ICO whale address] Patricio Worthalter's linked address sold 2,000 ETH at an average price of approximately $2,269, receiving approximately 4.53 million USDC, and then transferred the USDC proceeds to an Ethereum ICO whale address.

A whale address (0x9EcA) spent 37.96 million USDC to buy 16,658 ETH at an average price of $2,279 in the past two hours, and the whale is still buying. (Lookonchain)

On November 1st, Hyperliquid experienced a flash crash in XPL trading. Sixteen linked wallets withdrew approximately $2.0386 million in margin before the price plunge, causing the HLP liquidation vault to take over approximately 160 million long XPL positions. HLP sold these positions within 75 minutes, incurring a loss of approximately $556,000. The investigation found no direct evidence that these wallets caused the crash, and the 16 wallets collectively lost approximately $711,000. XPL had already fallen by about 6% before Hyperliquid's initial liquidation, with even greater volume of active selling in Binance perpetual contracts during the initial phase.