Weekend Sell-Off on EdgeX Nasdaq-Linked Perp Triggers $13M in Liquidations

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Crypto News

A weekend sell-off in a Nasdaq 100–linked perpetual futures market on EdgeX triggered roughly $13 million in liquidations, highlighting the risks of trading equity-index perps when underlying traditional markets are closed. On Saturday, a newly created wallet began executing a six-hour time-weighted average price (TWAP) order to short 398 XYZ100 contracts, worth roughly $10 million, […]

Solana Will Lead Global Tokenization, Hyperliquid the Perp Boom: Hedge Fund Founder

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Crypto News

Solana’s SOL token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session, according to CoinDesk Research’s technical analysis model. The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term importance […]