Two Hyperliquid wallets associated with Abraxas Capital Management hold a net short exposure of approximately $1.58 billion, with BTC and ETH related positions valued at approximately $948 million. As of 3:55 am on October 7th (UTC+8), the two wallets hold approximately 189400 ETH and 5120 BTC, with a book loss of approximately $115 million, and hold short positions in assets such as SOL, HYPE, ENA, XRP, SUI, and PUMP. (Source: Bitcoin.com News)

Abstract announced that it will cease operation on December 15, 2026, and funds that have not been relocated will not be accessible at that time. Users can migrate assets through the official migration center or native cross chain bridge, with an expected delay of about 3 hours for native cross chain bridges. Abstract, launched by the Pudgy Penguins team, is an Ethereum Layer2 network that has attracted over 400000 users and deployed more than 144 applications. Abstract reminds users to be wary of counterfeit migration websites.

Abstract announced that it will gradually shut down, and the network will cease operation on December 15, 2026. At that time, funds that have not been withdrawn will not be accessible. Users can cross assets through the official migration center migrate.abs.xyz or the native cross chain bridge native-bridge.abs.xyz. The abstract states that the chain focused on consumer grade encryption as an independent model is difficult to sustain, and its growth has stagnated due to the limitations of the DeFi ecosystem and weak on chain liquidity. Abstract is an Ethereum Layer 2 network launched by the Pudgy Penguins team, which has attracted over 400000 users and deployed over 144 applications. The official reminds users to be wary of counterfeit migration websites.

Tether is facing lawsuits for freezing $2.76 million in stablecoins.

[Trump: Considering Suspending U.S. Federal Gasoline Tax] U.S. President Trump stated that he is considering suspending the U.S. federal gasoline tax, and the relevant discussions are currently in the preliminary evaluation stage. (Source: Jinshi Data)