According to @dydxfoundation, the dYdX community is reviewing a Trading Leagues pilot focused on non-API traders, source: dYdX Foundation on X. The program would allocate up to USD 1 million in DYDX over four weeks, source: dYdX Foundation on X. The stated goal is to test how short-term trading competitions influence user engagement and liquidity depth on dYdX, source: dYdX Foundation on X. Community discussion is active on the dYdX forum at dydx.forum/t/dydx-trading-leagues-pilot-program-request-1m-in-dydx-from-the-community-treasury/4613, source: dYdX Foundation on X.

According to dYdX Foundation, the dYdX Analyst Call returns on Tuesday, October 14 at 12PM ET / 6PM CET / 8PM GST to provide updates on protocol performance, governance, and the dYdX roadmap, presented by dYdX Labs President Eddie Zhang; registration is available at luma.com/m28jq29f, source: dYdX Foundation.

According to @lookonchain, a sharp downturn in the crypto market led to over $1.15 billion in liquidations, devastating bullish traders. The market turbulence was highlighted by a single $200 million Bitcoin (BTC) long position being liquidated on Binance. In a specific case on the decentralized exchange HyperLiquid, a trader known as AguilaTrades saw a $10 million unrealized profit turn into a $2.5 million loss after Bitcoin's price fell from a high of $108,800 to around $104,000. The source notes this trader has a history of significant losses with similar leveraged positions. The broad sell-off impacted the entire market, with Ether (ETH) dropping 8% to $2,530, and both Solana (SOL) and XRP also experiencing significant declines. Data from Coinglass indicates over 247,000 traders were liquidated, with exchanges Binance and Bybit accounting for over $834 million of the total, signaling a major washout of over-leveraged optimism.

According to @lookonchain, a significant market downturn triggered over $1.15 billion in liquidations across major exchanges, primarily impacting bullish traders. Data from Coinglass reportedly showed over 247,000 traders were liquidated in a 24-hour span, with long positions accounting for over $1 billion of the total losses. The single largest liquidation was a $200 million Bitcoin (BTC) long position on the Binance exchange. This market volatility also caught individual traders, such as one on the decentralized exchange HyperLiquid who turned a $10 million unrealized profit into a $2.5 million realized loss on a BTC long position. The cascade of liquidations occurred as Bitcoin fell from a high of $108,800 to around $104,000, and Ether (ETH) dropped 8% to $2,530, highlighting the extreme risks of using leverage in a range-bound market.

According to WallStreetBulls, Robinhood is launching a derivatives exchange in partnership with Bitstamp, utilizing the XRP Ledger (XRPL). This development is expected to enhance trading capabilities and liquidity flow through XRPL, potentially impacting XRP's market dynamics.