Arthur Hayes Accumulates; StandX Shuts Down; Coinbase Launches New Perps
Key on-chain moves and exchange news: Arthur Hayes bought ~$889K across AERO, PENDLE, and ZAMA; StandX is winding down operations; Coinbase launched PONS and CASHCAT perpetual futures.
What we know
Arthur Hayes deployed ~$889K across three tokens in a single hour — $460K in $AERO, $232K in $PENDLE, $197K in $ZAMA — a closely-watched signal by the CT community. On the other side, Jelitics sold half his $SI position at a $562K loss despite previously saying 'sell me all your $SI tokens.' Coinbase launched PONS and CASHCAT perpetual futures live on both Coinbase and Deribit. Meanwhile, StandX confirmed it will gradually cease operations, scrap its token launch, and airdrop DUSD to users, with perp markets going reduce-only on Oct. 20.
Sources
“StandX said it will gradually cease operations and scrap its planned token launch.”
View post →“PONS and CASHCAT perpetual future markets are now live on Coinbase and Deribit.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.