Two wallets reportedly exploited a known best-bid-and-offer (BBO) risk on the papertrade protocol, triggering about $20 million in Ether (ETH) trades that moved prices by 10 to 20 basis points on the Hyperliquid platform. A community user, boblob, accused these wallets of actively attacking papertrade and urged the protocol to address the vulnerability quickly. Papertrade's documentation acknowledges the risk of manipulation in Hyperliquid's order book BBO, along with other risks like contract economics and operational safeguards. If unresolved, these issues could threaten papertrade's long-term sustainability.
The story on ETH trading activity on Hyperliquid is provided here with Pluang's cryptocurrency market data for context. As of Oct 11, 2026 11:01 WIB, out of 50 major cryptocurrencies priced on Pluang, 16 rose and 33 fell. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with FIL which dropped 7.56% to Rp19.499 and saw 70% buy order activity, and ENJ which declined 5.98% to Rp558 with 89% buy orders and a longer hold time of 105 days.
Ampleforth (AMPL) experienced a sharp decline of 13.91% within 60 minutes on October 11, falling to $1.30, reflecting ongoing volatility in the altcoin market. Over the previous 24 hours, AMPL traded between $1.30 and $1.50, with a market cap of abou...
Starknet (STRK) led the top 90 cryptocurrencies by market cap, rising 45.02% in 24 hours to $0.107, extending its previous day's 42.04% gain. Among other notable movers, Aerodrome Finance gained 14.46%, Injective rose 6.54%, and Figure Heloc advanced...
Solana (SOL) finalized a network upgrade on October 9, reducing its target slot time from 400 milliseconds to 200 milliseconds through a staged process. This change aims to speed up transaction confirmations and potentially support more efficient tra...
In the week ending October 11, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net outflows totaling $678.9 million, while spot Ether ETFs saw net outflows of $542.2 million. Bitcoin ETF outflows exceeded those of Ether ETFs by $136.7 mill...
In September, Solana (SOL) saw a significant surge with over 14% price gains and a record 10.7 billion transactions, the highest since May 2025. This growth was supported by a milestone in tokenized stocks on its network, with supply surpassing $780....
