Hyperliquid

A trader has opened a $10.27 million leveraged long position in Bitcoin on the Hyperliquid trading platform, entering the market with an immediate unrealized loss of around $20,000. The large, highly leveraged bet is drawing attention from crypto traders watching whether Bitcoin's price moves will reward or liquidate the position.

Rivemont has launched its trading terminal, giving perpetual DEX traders a single screen with charts, order books, positions and orders across exchanges. Users can switch exchanges from the pair header, and fees from both the exchange and Rivemont are shown before an order is confirmed. The terminal is live on Hyperliquid and Lighter, with funds remaining in the user's own account.

GoodcryptoX, a crypto trading platform, will close on October 9. Users are being told to stop their bots, review any open orders and positions on exchanges, move funds out of the service's built-in wallets, and optionally revoke its API wallet on Hyperliquid. The company notes that positions sit in users' exchange accounts and do not close automatically.

Derivatives platform Hyperliquid has launched BVIV, implied volatility index contracts for Bitcoin that let traders bet on the magnitude of price moves rather than their direction. The announcement comes alongside an expanded $2.5 billion share purchase agreement, drawing attention from crypto traders watching new ways to trade volatility.