📰 Top Headlines
• Papertrade’s cumulative notional trading volume has exceeded $1 trillion. Deployed on HyperEVM, the fully on-chain synthetic perpetuals protocol has approximately $61.8 million in TVL and around $664 million in open interest.
• Nasdaq-listed Solana treasury company SkyAI has transferred out approximately 1.57 million SOL (about $175 million) since October, reducing its holdings by roughly 70% from mid-September. Major shareholder Bastion Trading has challenged its tender offer and demanded full disclosure of the disposal details.

📊 Market Data
• U.S. spot Bitcoin ETFs saw net inflows of $175.7 million yesterday, while Ethereum ETFs recorded net inflows of $24.8 million.
• A whale accumulated 13,036.32 ETH over the past 24 hours, worth approximately $32.59 million, continuing a strategy of rotating from Bitcoin into Ethereum.

🤖 AI Trends
• More than 150,000 people have opened AI trading accounts with Robinhood. Its CEO envisions retail traders’ strategies being hosted in exchange data centers.
• JPMorgan is piloting its own AI wealth management tool while blocking external AI agents from making transfers on customers’ behalf.