Chip-stock bets lost $52 million in 10 minutes with Wall Street shut

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The selling started on Binance, according to a review of the trades by David Jeong, chief executive of trading firm Tread.fi, who placed the first large SanDisk and Micron sell orders on Binance at 21:21:59 UTC. Less than a second later, orders hit Hyperliquid, a crypto exchange where Trade XYZ lists stock-tracking contracts, and roughly […]