The PAPER contract skyrocketed immediately upon launch, once hitting $0.035.

During the weekend when traditional markets are closed, Trade.xyz — dubbed the "On-Chain Nasdaq" — leverages perpetual contracts to enable continuous trading and real-time price discovery that traditional finance cannot achieve, pricing in advance the upcoming Monday’s U.S. and South Korean stock market trends. Most popular U.S. stock assets on Trade.xyz saw minor declines from their Friday after-hours levels, with an overall flat-to-slightly-weak opening expected on Monday. Their weekend performance is as follows: SpaceX is currently priced at $144.66, down from $145.47 in U.S. Friday after-hours trading; Micron (MU) is at $869.99, versus $875.98 in Friday after-hours; SanDisk (SNDK) is at $1,275.4, compared to $1,292.43 in Friday after-hours; NVIDIA is at $213.57, versus $213.75 in Friday after-hours; Marvell Technology (MRVL) is at $225.84, versus $226.9 in Friday after-hours; Intel is at $88.89, versus $89.33 in Friday after-hours; Google is at $339.68, versus $339.22 in Friday after-hours; AMD is at $527.09, matching its Friday after-hours level. Popular South Korean stocks on Trade.xyz have dropped notably from their Friday closing prices, with an expected opening decline of 4%–5% on Monday. Their weekend performance is as follows: Samsung Electronics is currently priced at $155.81, down from $161.75 at Friday’s close; SK Hynix is at $907.95, versus $954.75 at Friday’s close.

Earlier this month, the U.S. Department of Justice announced a deferred prosecution agreement with Roger Ver, known as "Bitcoin Jesus", under which fraud and tax evasion charges against him will be dropped in exchange for a maximum fine of $49.9 million. As one of the earliest Bitcoin evangelists, Ver purchased large amounts of Bitcoin in 2011 for less than $3 million. In February 2014, to avoid high tax burdens, he obtained citizenship of the Caribbean island nation of St. Kitts and Nevis, and renounced his U.S. citizenship the following month. At that time, he and his companies held at least 131,000 Bitcoin, worth over $70 million at the then-current price. He thought changing his nationality would let him escape the U.S.'s high taxes, but the U.S.'s strict "expatriation tax" foiled his plan. Under U.S. tax law, eligible expatriates must treat their global assets as if sold on the day before expatriation and pay capital gains tax. Ver reported $1.03 million in taxes, but not only failed to disclose his personal Bitcoin holdings, he also severely undervalued his company assets. A decade later, the IRS uncovered his fraudulent tax evasion (fraud and tax evasion are not subject to statute of limitations), ultimately forcing him to pay up to $49.9 million in back taxes, penalties, and interest—48 times the amount he had self-reported paying that year.

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that Justin Sun is trading PEPE again after a two-year hiatus. 22 hours ago, Sun’s address 0x176…0a132 received 7.2 trillion PEPE tokens from Poloniex’s multi-sig address, valued at $28.44 million. This marks his first on-chain PEPE transaction since June 2024, when the token was priced at $0.00001256.

Binance founder CZ responded to community user Spigg’s suggestion to launch a BNB phone, noting he rarely disagrees with Spigg but has reservations about the idea of “carrying a cryptocurrency phone around”. Earlier, Spigg had proposed a BNB phone that natively supports wallets, instant payments and transfers, and integrates access to BNB Chain ecosystem dApps, arguing this model would deliver a distinct experience on BNB Chain.

According to TradingBeats' monitoring, prominent crypto figure Jeff Huang (nicknamed "Maji Big Brother") had his entire account liquidated earlier this morning. Later that evening, he added $100,000 in margin and opened a new 25x long Ethereum position worth $4.3 million at an entry price of $2,398. A year ago, Huang had earned $44.84 million in profits on Hyperliquid; he has since given back all those gains and incurred an additional $36.85 million in losses.

According to OnchainLens monitoring, Hyperliquid purchased and burned 11,340 HYPE tokens at an average price of $78.55 over the past 24 hours. Its cumulative burn volume has now reached 49.63 million tokens, valued at approximately $3.9 billion, accounting for 4.96% of its maximum total supply of 1 billion tokens.