Odaily News: The Hyperliquid Assistance Fund has cumulatively purchased over 48 million HYPE tokens, with a total expenditure of approximately $1.365 billion. The current market value of these tokens has risen to approximately $3.953 billion. The fund primarily uses protocol trading fee revenue to continuously buy back HYPE from the open market, serving as a mechanism for the protocol to return value to token holders. Recently, Hyperliquid has also injected a portion of USDC reserve yields into the Assistance Fund through the AQAv2 framework to expand the source of buyback funds, so that buybacks no longer rely entirely on trading fees.

Odaily News: According to an article, Hyperliquid was founded in 2022 with a core team of about 11 people, and its net profit last year exceeded $900 million, with per-capita efficiency surpassing Apple, Nvidia, and OpenAI, and it has been called by the industry "the second Zhao Changpeng." The article also stated that the CEO of the New York Stock Exchange once said that Hyperliquid's trading volume has approached Nasdaq levels; traditional finance relies on intermediary credit, while blockchain, through open and transparent rules and automated execution mechanisms, is driving the evolution of financial infrastructure.

Odaily News: According to Odaily monitoring, a certain address currently holds 100,005 HYPE short positions. At a mark price of $83.049, the nominal value is approximately $8.3053 million, with an unrealized loss of approximately $5.059 million. This position accounts for approximately 0.498% of HYPE contract open interest, with the denominator being the total market open interest nominal value of approximately $1.667 billion. Hyperliquid's official monthly leaderboard shows that this account's PnL for the month is a loss of $13.8517 million, ranking 2nd; the leaderboard methodology is not equivalent to self-calculated realized PnL.Address: 0x0b8aa35c28b7c6ab18f11dc168f437a8a69fd4f8Contract: HYPECurrent position: Short, nominal value $8.3053 millionCurrent unrealized PnL: -$5.059 millionOfficial leaderboard account PnL (last 30 days): -$13.8517 millionAccount observed contract trading realized PnL: -$0.00 million (excluding funding fees)Distance from liquidation price at observation time: 59.48% (not a liquidation prediction)

Odaily reports that according to Lookonchain monitoring, a whale created 4 new wallets 4 months ago and began trading on Hyperliquid, completing 15 trades with almost all of them profitable, accumulating $29.75 million in profits. Today, the whale once again went long 24,000 ETH, with a position value of $60.7 million and current unrealized profit of $2.6 million.

1. Papertrade's revenue rose to $4.02 million in the past 24 hours, surpassing Pump and Hyperliquid;2. Institutional capital absent? KRX after-hours market marks one month, 90% of trading volume comes from retail investors;3. DeepSeek to complete 10 billion yuan financing;4. $7.58 million worth of PUMP transferred to Coinbase Prime, suspected to be from the team or early investors;5. After years of dormancy, a Bitcoin OG transferred out all 4,582 BTC, worth $378 million;6. ETH/BTC fell below 0.03 for the first time since August 19, hitting a low of 0.02970;7. Serenity: AI supply chain investment opportunities are diverging, bullish on memory chips and the 2027-2028 optical communication super cycle;8. US media: OpenAI reportedly plans to "revive" Sora.

According to DefiLlama data, Papertrade's revenue rose to $4.02 million in the past 24 hours, currently ranking third in protocol revenue, higher than Pump ($2.11 million) and Hyperliquid ($1.7 million).

Odaily News: According to SoSoValue data, yesterday (October 12, U.S. Eastern Time), HYPE spot ETFs recorded total daily net outflows of $2.3457 million.Yesterday, only the Bitwise Hyperliquid ETF (BHYP) saw net outflows, with a single-day net outflow of $2.3457 million. Its cumulative historical net inflow now stands at $142 million.As of press time, the total net asset value of HYPE spot ETFs is $449 million, with a HYPE net asset ratio of 2.43%. Cumulative historical net inflows have reached $334 million.

Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, with a total purchase amount of $69.68 million and an average price of $2,534. The entire process is as follows: BTC that was withdrawn from HTX about a year and a half ago was transferred to Hyperliquid, sold and converted into USDC, then the USDC was transferred back to Arbitrum and bridged to Ethereum, and finally ETH was purchased on the Ethereum chain.

Odaily News: A Hyperliquid whale (0xec4a…cf62) opened BTC, ETH, and NEAR long positions from scratch today. Based on the average entry price, the notional position size is approximately $28.8 million, with the current position value at about $29.04 million and unrealized profit of roughly $243,000. The address first purchased 200 BTC in batches this morning at an average entry price of approximately $83,604.5, using 40x cross margin leverage; subsequently bought 4,000 ETH at an average entry price of approximately $2,536.23, using 25x cross margin leverage; and simultaneously opened a NEAR long position while continuously adding to it, currently holding approximately 332,000 NEAR at an average entry price of about $5.81, using 10x cross margin leverage.

Odaily News: Over the past 7 days, Hyperliquid ranked first in perpetual DEX notional trading volume with $48.1 billion; Kalshi recorded $14.9 billion, trade.xyz $12.2 billion, Lighter $11.7 billion, Aster $10.8 billion, GMX $8.8 billion, edgeX $6.4 billion, Polymarket $4 billion, Ondo Finance $1 billion, and fomo $853 million.