hyperliquid's top pnl wallets are profitable exclusively from shorts. zero longs. across the entire leaderboard. that's not trading skill it's coordinated manipulation. 100,000 btc whale with bitforex ties running $5b wash trading loops. hype token exists on borrowed time until cointelegraph drops the investigation. october 11 adr'd 6,300 accounts but protected the whales. when regulators connect stolen bitforex funds to hl's biggest trader the platform dies overnight. ...

Core Insights - Binance continues to dominate the cryptocurrency market with a market share of 41.87% and significant influence on Bitcoin's performance [1] - Aster has transitioned from Binance Alpha to the primary Spot market, indicating increased confidence and scrutiny in DeFi trading practices [1][2] Binance Ecosystem - Binance has listed Aster (ASTER) and opened trading pairs including ASTER/USDT, ASTER/USDC, and ASTER/TRY, with deposits starting three hours prior to trading [1] - Binance Coin (BNB) reached a new all-time high of approximately $1,223, reflecting a 21% weekly gain, contributing to founder Changpeng Zhao's net worth of $87.3 billion [3] Aster's Development - Aster's graduation to the Spot market follows its previous listing on Binance Alpha, with balances being transferred within 24 hours [2] - Aster has launched a zero-fee campaign for users to claim $ASTER airdrops and refund trading fees, marking the end of its Stage 2 "Genesis" phase and the beginning of "Stage 3 Dawn" [5] Controversies and Scrutiny - Aster's trading activity has faced scrutiny due to allegations of wash trading, as analytics platform DeFiLlama removed its perpetual-trading data after finding discrepancies in reported volumes [4] - Influencer lynk0x claimed to have been offered $250,000 for undisclosed promotion of Aster, highlighting potential ethical concerns within the influencer marketing space [6]

BNB Chain Perpetual DEX market hit a record $67 billion in trading volume on September 24, marking the highest ever for the second consecutive day. Dune Analytics shows that the surge was driven by viral newcomer Aster DEX, plus Lighter and Hyperliquid, each hitting over $10 billion in daily volume. Beyond these leaders, other Perp DEXs, including EdgeX and Paradex, also crossed the $1 billion mark. With momentum building on the BNB Chain, traders are now asking whether this breakout could fuel BNB’s run ...

Market Manipulation - The NFT market is potentially experiencing wash trading, as evidenced by the repeated sales of Bored Ape 7706 between the same wallets [1] - A Bored Ape NFT was initially sold for 140 ETH ($520 thousand USD), then quickly resold for 12.1 ETH ($45 thousand USD), indicating potential price manipulation [1] - Subsequent transactions involved the same wallet repurchasing the NFT for 90 ETH ($334 thousand USD) and then selling it again for 11.8 ETH, further suggesting wash trading [1] Transaction Analysis - The transactions circumvented royalty and marketplace fees, raising concerns about the integrity of the NFT marketplace [1] - The purpose of these transactions is unclear, but the lack of fees paid suggests an attempt to inflate trading volume or manipulate the perceived value of the NFT [1]

Type of sale where you don't know if it's real or wash trading ...