According to the source, former FTX US president Brett Harrison plans to launch a perpetuals exchange focused on traditional assets and aims to avoid risks seen in crypto markets, per the announcement. The source states the venue will list perpetual contracts tied to traditional assets rather than crypto spot tokens. The source does not disclose launch timing, jurisdiction, regulatory approvals, margin framework, or product list, leaving key trading parameters and market access details unspecified.

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.