A crypto whale has been shorting HYPE for over a year and has not closed its position, with an unrealized loss exceeding $23 million.

According to MLM monitoring, a wallet linked to TechnoRevenant borrowed 3 million USDC by staking 744,000 HYPE (valued at $61.3 million) on Hypercore, then incurred a $1.7 million loss on Papertrade. These losses netted him 136 million PAPER, making him the second-largest PAPER holder and the trader with the largest realized perpetual contract loss on the platform. To date, he has recouped $1.051 million USDC through staking rewards, resulting in a net loss of roughly $650,000. Before factoring in staking rewards, his average cost per PAPER is approximately $0.0125, the highest among the top five holders.

Cross-chain interoperability protocol Rome, built on Solana, announced plans to launch its native token ROME. Going forward, users will need to hold ROME to cover gas fees when transacting on Rome’s native chain. Additionally, the protocol will charge a small fee per transaction on each chain it powers; half of this revenue will be retained in ROME or used to purchase ROME on the open market, adding to a non-sellable reserve that will grow in line with activity across all chains Rome powers—including those that use their own native gas tokens. No launch date for the token has been confirmed yet. To date, Rome has raised $9 million in funding, with participation from investors including Portal Ventures, Hack VC, HashKey, Anagram, and Robot Ventures.

According to monitoring by MLM On Chain, the wallet associated with TechnoRevenant used 744,000 HYPE (valued at approximately $61.3 million) as collateral on Hypercore to borrow 3 million USDC, then incurred a $1.7 million loss on Papertrade. This loss earned the wallet 136 million PAPER tokens, making it the second-largest holder of PAPER and the trader with the highest realized perpetual contract loss on the platform. To date, the wallet has received 1.051 million USDC in staking rewards, leaving an overall net loss of roughly $650,000. Excluding staking rewards, its average cost basis for PAPER is approximately $0.0125, the highest among the top five PAPER-holding wallets. By contrast, the largest PAPER holder has a cumulative trading volume of $10.1 billion, incurred a $980,000 loss to acquire 252 million PAPER tokens, with a position size nearly double that of TechnoRevenant’s wallet. This address has received over $1.18 million in staking rewards, resulting in an overall net profit of about $200,000, with an average cost basis for PAPER of roughly $0.0039 – less than one-third of TechnoRevenant’s.

According to official announcements, Binance will list RWUSD at 16:00 Beijing Time on October 13, opening the RWUSD/USDT spot trading pair and launching a zero-fee campaign, with the end date to be announced later. The announcement states that RWUSD will also support cross-margin trading, serving as collateral for cross-margin positions, though RWUSD borrowing is not currently supported. Within one hour of listing, users can convert RWUSD to tokens such as BTC and USDT via Binance Convert with zero fees. RWUSD is an income-generating product launched by Binance, supporting flexible-term subscriptions and daily APR distributions, with returns derived from Binance ecosystem revenue and potentially backed by real-world assets like U.S. Treasuries. RWUSD is pegged 1:1 to the stablecoins users subscribe with, and redemptions will be converted to USDC. Currently, RWUSD does not support deposits or withdrawals. The zero-fee campaign applies to RWUSD/USDT spot and margin trading pairs (where applicable); during the campaign, relevant trading volume will not count towards VIP tier volume calculations or liquidity provider programs. Standard fees will resume after the campaign ends.

Per monitoring by crypto analytics account Ai Yi, a large UNI whale address (0x138…73b4D) that opened a new position yesterday withdrew 600,005 UNI tokens from Binance roughly 40 minutes ago, worth approximately $4.28 million. Data shows the address has accumulated 1,292,895 UNI tokens since October 11, with a total value of around $9.596 million. Its average withdrawal price is $7.42, leading to an unrealized loss of roughly $300,000 at current levels.

According to an official announcement, Binance will discontinue Binance Pool and its related services on November 10, 2026, at 15:00 Beijing Time. The affected services include Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, as well as features such as hashrate alerts, email notifications, and mining pool APIs. The notice states that at the specified time, Binance Pool will disconnect miners and deactivate pool Stratum addresses and mining nodes. Hashrate and mining shares submitted after the deadline will no longer be accepted, processed, or counted toward earnings. The related products will also cease operations, with no new rewards, earnings, or service benefits generated. Binance is reminding users to switch to other mining pools before the service shutdown, and to redeem or exit their positions in Pool Savings in a timely manner. Eligible outstanding rewards, balances, refunds, or settlement amounts will be processed per applicable rules after the service is terminated. Additionally, the mining pool entry on Binance’s homepage will be removed on November 10. The mining pool page will remain accessible until 15:00 Beijing Time on November 24, allowing users to view historical data, account records, and payment statuses, after which it will be permanently unavailable.