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High Leverage

Papertrade
2026-10-19 04:49:47

Ansem says Papertrade’s new model could reshape high-leverage speculation

Crypto trader Ansem said Papertrade may represent an innovation with long-term potential, arguing that the project introduces a different way to monetize speculative trading. In his view, high-leverage perpetuals have long been among the crypto industry’s most profitable products, and demand for speculative trading is likely to remain in place. According to Ansem, Papertrade lets users open and close synthetic 1000x leveraged positions without creating real market impact. Its business model routes trader losses to support an on-chain liquidity pool, while losses above a certain LP size cap are distributed to PAPER stakers. He said the amount allocated to PAPER stakers in the platform’s first week exceeded $50 million. Ansem contrasted that structure with traditional perpetual DEXs, which mainly earn revenue from trading fees. He said Papertrade instead tries to turn trader losses directly into a source of platform income. He also argued that the model could retain advantages even if the ratio of winners to losers moves closer to 50:50 after the LP reaches a certain scale. Still, he said whether the platform can keep attracting users, maintain liquidity and achieve long-term growth remains to be tested by market performance.

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Ansem says Papertrade’s new model could reshape high-leverage speculation
Jupiter
2026-10-16 10:26:29

Jupiter says YOLO tops $1 billion in volume within 24 hours of launch

Jupiter said on Oct. 16 that its high-leverage trading product YOLO surpassed $1 billion in trading volume less than 24 hours after going live. The product currently supports SOL, BTC and ETH, with leverage of up to 1000x. According to the announcement, YOLO was launched by Jupiter Labs as a product positioned against PaperTrade and built with ideas drawn from the JLP model. It simulates positions using real market prices, which means profits and losses are real, but the platform does not execute leveraged positions of the same size in the live market. Jupiter also said profits are paid out by a liquidity pool. If liquidity is insufficient, payouts may be placed in a queue.

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Jupiter says YOLO tops $1 billion in volume within 24 hours of launch
Papertrade
2026-10-12 02:31:05

Papertrade loses $1.28 million within hours of launch as trader exploits external pricing

Papertrade, a perpetuals platform built on Hyperliquid and marketed around 1,000x leverage, was hit by a $1.28 million extraction less than a day after launch. According to the source article, a single wallet used Hyperliquid spot trades to move ETH by roughly $3, or about 0.12%, while holding synchronized leveraged positions on Papertrade. Because Papertrade’s pricing was tied to the midpoint of Hyperliquid’s best bid and ask, and because its USDC pool passively took the other side of trades, that small move translated into outsized gains on the platform. The reported cost on Hyperliquid was about $52,000 in fees, while the amount withdrawn from Papertrade reached $1.28 million. The Block said the address deposited about $1.2 million and withdrew about $2.48 million that day. The article also said the wallet had traded on Hyperliquid since February 2025, starting with $2 million, generating $14.2 billion in volume and $13.1 million in net profit. Papertrade responded that the issue was not the core mechanism itself but position limits that were too loose at launch, and said those limits were being tightened.

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Papertrade loses $1.28 million within hours of launch as trader exploits external pricing
Connecticut
2026-09-05 04:33:52

Connecticut Officials Warn: Resident Loses $200,000 on Unregulated DeFi Platform

Connecticut Attorney General William Tong and Banking Commissioner Jorge Perez issued a consumer alert after a resident deposited $200,000 into an unregulated DeFi crypto trading platform following a suspected scam and cannot recover the funds. The alert names seven offshore DeFi platforms — GMX, Gains Network, dYdX, Aevo, Drift Protocol, Vertex Protocol, and Hyperliquid — but does not specify which one the resident used. Officials highlighted that some platforms offer leverage up to 250x, and perpetual contracts involve risks such as liquidation, funding rates, smart contract vulnerabilities, and oracle issues. They also cautioned about synthetic stock perpetuals tied to Apple, Tesla, Nvidia, and SpaceX, which track synthetic prices rather than real stocks. Residents are urged to verify registration status, keep records, and report suspected fraud.

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Connecticut Officials Warn: Resident Loses $200,000 on Unregulated DeFi Platform
Market Analys
2026-08-31 00:47:43

Machi Big Brother Takes $1.5M Stop-Loss Hit on High-Leverage Positions, Then Adds Back

According to on-chain monitoring by Ember, a slight market pullback over the past hour triggered stop-losses on a portion of Machi Big Brother's high-leverage positions. The loss is estimated at about $1.5 million. The investor quickly began adding positions back in stages. Ember said Machi Big Brother's high-leverage rolling-position strategy tends to suffer frequent stop-losses in a choppy market because liquidation levels sit close to the current trading price. Account funds have fallen from roughly $11 million a few days ago to around $6.5 million now. The drop followed repeated forced exits while the market traded in a narrow range. Despite the latest loss, Ember's monitoring still shows long positions worth about $100 million in ETH and roughly $10 million in BTC. His current exposure includes those ETH and BTC longs even after the account balance was reduced by several million dollars over a short period.

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Machi Big Brother Takes $1.5M Stop-Loss Hit on High-Leverage Positions, Then Adds Back
bitcoin
2026-08-28 12:45:20

0x66f8 Address Stops Loss on 100 BTC, Loses $1.33M

Techub News reports, citing on-chain monitor @ai_9684xtpa, that an address beginning with 0x66f8 stopped out a position of 100 bitcoin earlier this morning. The trade produced a realized loss of roughly $1.335 million. The address initially entered the short trade on Aug. 19 at $67,338.1 per bitcoin. After closing the 100-bitcoin portion, the address still holds a 40x leveraged short position of 198 bitcoin, and that remaining position is now showing an unrealized loss of $2.514 million. The same address has accumulated total losses of about $5.91 million over the past 30 days. It has been flagged in on-chain data as a high-leverage short-position holder. According to the monitoring data, this type of high-leverage operation faces elevated liquidation risk when the market is volatile. The data also confirms that the remaining 198-bitcoin short is still active as of the latest update, so the address continues to carry leverage exposure that has not been fully unwound.

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0x66f8 Address Stops Loss on 100 BTC, Loses $1.33M