The perpetual contracts of AI concept stocks in the US stock market fell sharply, with Micron and SK Hynix falling more than 6%

Ma Ji, the elder brother, reopened a 25 fold leveraged Ethereum multi order after experiencing a liquidation. Currently, he holds 1325 ETH with a position value of approximately 3.2 million US dollars and a floating profit of approximately 30000 US dollars. The liquidation price is 2368 US dollars.

Hyperliquid platform address 0x77d... ae0e9 holds ETH with a floating loss of 9.493 million US dollars. Since September 21st, the address has opened more than 13 times more orders, reducing its position by 8250 ETH and losing 2.277 million US dollars. Currently, it still holds 40268.75 ETH (approximately 97 million US dollars), with an average opening price of 2646.05 US dollars, a clearing price of 2290.99 US dollars, and a remaining clearing space of 116.51 US dollars. (Auntie Ai)

[South Korean Government to Hear Taxation Opinions from Five Major Crypto Exchanges on October 20] The South Korean government will convene representatives from five major virtual asset exchanges—Upbit, Bithumb, Coinone, Digital X, and GOPAX—as well as executives from DAXA on October 20 to gather opinions regarding virtual asset taxation and related tax standards. The current proposal plans to impose a 22% income tax on virtual asset transfer and lending income after deducting a basic tax exemption amount of 2.5 million Korean won. Park Min-gyu, a member of South Korea's Democratic Party, has proposed an amendment to delay the implementation of virtual asset income tax until 2029. (Source: Yonhap News)

The multiple orders held by Huang Licheng were all liquidated 4 hours ago, and the 250000 USDC deposited two days ago has almost been depleted. Huang Licheng made a profit of $44.84 million on Hyperliquid a year ago, but has now given up all profits and incurred an additional loss of $36.85 million.

Tread.fi CEO DYJ analyzed that the crash of perpetual contracts for AI concept stocks in the US stock market began with Binance, where a trader liquidated about $2 million in SNDK long positions, causing a sharp drop. Binance SNDK was the first to experience large-scale sales, with a transaction volume of approximately $407000 per second and $1.03 million per second; MU also started selling at the same second. Hyperliquid subsequently appeared as a scan order, with approximately 10 addresses submitting IOC sell orders to SNDK, SOXL, DRAM, SKHX, SKHY, and MU within 1.8 seconds. During the first round of sales, Binance SNDK and MU had transaction volumes of approximately $21.9 million and $5.1 million, respectively, while Trade.xyz had corresponding transaction volumes of approximately $3.1 million and $300000. The MU transaction volume on Hyperliquid subsequently increased to 10.8 million US dollars and 9.5 million US dollars respectively within two minutes, which originated from chain clearing.