Latest news with #HLP
The Star
09-05-2025
- Health
- The Star
MMA: Ease specialist trainees' pathways
PETALING JAYA: The Malaysian Medical Association (MMA) has raised concerns over the nation's ability to meet its target of producing 28,000 medical specialists in the public healthcare sector by 2030, warning that current training rates are insufficient to keep up with growing healthcare demands. Malaysian Medical Association (MMA) president Datuk Dr Kalwinder Singh Khaira said the country should continue setting clear targets and reviewing healthcare needs in line with population growth, with more decisive efforts needed to expand specialist training pathways. 'What we need most of all is for doctors in the public service to be encouraged to specialise early on in their careers and to be provided with all the support. 'It has always been the MMA's view that training avenues for specialisation be made more accessible and convenient. 'For this purpose, both the local Masters and Parallel Pathway programmes must be supported,' he said when contacted yesterday. According to Dr Kalwinder, while Masters programme placements have increased to over 1,500 annually, expansion remains limited by the number of public university teaching hospitals available. 'Government hospitals have always served as training centres for parallel pathway programmes, and this is a strength we must capitalise on. 'With the extensive network of government hospitals and experienced senior doctors, more medical officers could be trained as specialists,' he added. Dr Kalwinder also proposed allowing doctors to undergo supervised, structured training while remaining at their current workplaces to encourage greater uptake of specialist training. He said frequent relocations and disruptions to family life during training have deterred some from pursuing specialisation. 'The MMA also welcomed the government's move last year to amend the Medical Act 1971 to better facilitate parallel pathway programmes,' he added, describing it as 'a step in the right direction'. However, Dr Kalwinder raised concerns about the current requirement for doctors to secure the Hadiah Latihan Persekutuan (HLP) scholarship before entering specialist training, calling for a review of the policy. 'The limited number of HLP awards, which are offered only once a year, has led to delays for many doctors, particularly those pursuing parallel pathway programmes. 'This system discourages many from specialising, as plans change and other career options open up while they wait for opportunities,' he said. Dr Kalwinder suggested that the Health Ministry consider relooking at the HLP requirement, especially for doctors willing to self-fund their specialist training, as how it was allowed in the past. He also proposed increasing the number of specialist programme intakes throughout the year to further encourage participation. The MMA, he said, called on the ministry to provide updated projections on the number of specialists needed in various fields. The Star, in its front-page report yesterday, noted that stakeholders are concerned over the shortage of medical specialists in the country, calling for authorities to take decisive action to address the issue.
Yahoo
28-03-2025
- Business
- Yahoo
Hyperliquid Delists JELLYJELLY Perpetual Futures After $12 Million Market Manipulation
Hyperliquid has delisted JELLYJELLY perpetual futures after detecting suspicious market activity that caused significant losses. A trader opened a $6 million short position on JELLYJELLY and then pumped the token's price on-chain to force their own liquidation. This resulted in the Hyperliquidity Provider (HLP) vault absorbing the position, leading to around $12 million in unrealized losses. Following the incident, Hyperliquid's network validators voted to remove the JELLYJELLY contract. The exchange announced that most users, except for flagged addresses, would be reimbursed by the Hyper Foundation. Payments will be processed automatically based on blockchain data. This marks the second major loss for Hyperliquid's HLP in March. Earlier, a whale liquidated a $200 million ETH long position, causing a $4 million loss. JELLYJELLY, a token created by Venmo co-founder Iqram Magdon-Ismail for his JellyJelly Web3 social media project, initially had a market capitalization of around $250 million before plummeting to single-digit millions. As of March 26, the token was valued at roughly $25 million, with its price surging to $0.043 before settling at $0.023, a 73% increase over the past day. Hyperliquid runs on a high-speed blockchain built on Ethereum's layer-2 network, Arbitrum. Though it markets itself as a decentralized exchange for leveraged perpetual trading, critics have questioned its centralization. In December, wallets linked to North Korea were found using the platform. The decision to manually override JELLYJELLY's oracle price and delist the contract raised further concerns, with BitMEX co-founder Arthur Hayes commenting, 'Let's stop pretending Hyperliquid is decentralized.' Meanwhile, Binance and OKX listed JELLYJELLY perpetual futures, leading to speculation that centralized exchanges were capitalizing on Hyperliquid's struggles by increasing trading volume for the token. In response, Hyperliquid raised maintenance margin requirements to 20% for certain leveraged positions to mitigate further risks. This situation echoes an event from March 12, when a whale built a $306 million ETH long position, withdrew $17 million USDC, and profited $1.86 million. Rumors suggested an exploit, but Hyperliquid denied the claims, stating that its trading engine could not handle such a large position. As the exchange works to stabilize operations, its native token, HYPE, dropped by as much as 22% before slightly recovering to trade about 10% lower. Hyperliquid has assured users that it will implement technical improvements to prevent similar market manipulation in the future. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle
whichHyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token. HyperLiquid's native token (HYPE) fell by 20% after HLP's unrealized PNL temporarily stood at negative $13.5 million. According to Lookonchain, a trader that held $4.85 million of the JELLY token combined a short trader on HyperLiquid with on-chain spot buys, this liquidated the position on HyperLiquid and essentially meant HLP inherited that short position. HLP is an automated market making bot that ties in with the exchanges liquidation engine. The trader then aggressively bought JELLY on spot exchanges, pushing the price up and temporarily causing HLP's unrealized loss to stand at $13.5 million. Liquidity on decentralized exchanges is minimal, so moving price is relatively easy compared to HyperLiquid. Then, in an attempt to minimize losses HyperLiquid appeared to force close the JELLY market, settling it at $0.0095 as opposed to $0.50 that was being fed to oracles via decentralized exchanges. "After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps," HyperLiquid wrote on X. "All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data." Newfound Research CEO Corey Hoffstein questioned the legality of HyperLiquid's actions as social media descended into outrage. The trader who manipulated the JELLY market ended up with a small loss. HyperLiquid's delisting led to another player entering the mix: Binance. The largest cryptocurrency exchange by trading volume saw an opportunity and announced that it was listing futures tied to JELLY, causing spot prices to skyrocket by 560%. The case draws similarities to an exploit that occurred on Mango Markets in 2022, where a trader called Avraham Eisenberg created a "highly profitable trading strategy" that involved manipulating oracle prices to secure a gain on derivative markets. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Hyperliquid Loses $4M After Whale's Over $200M Ether Trade Unwinds
The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the "whale" placed the bet. The liquidation saw wallet "0xf3f4" opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then started withdrawing funds, reducing the margin below maintenance requirements in a move that resulted in a $1.8 million profit for the user but a $4 million loss for Hyperliquid's Hyperliquid Provider (HLP) vault. Vaults are a blockchain-based product on Hyperliquid where users can deposit USDC to potentially earn a share of profits generated by trading strategies of other users or the vault's owner. The moves created speculation among Hyperliquid users of a possible exploit of the platform, a rumor it doused in an X post. 'There was no protocol exploit or hack,' Hyperliquid said. 'This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP's all-time PNL remains at ~$60M. As a reminder, HLP is not a risk-free strategy.' Hyperliquid added that it will update the maximum leverage for bitcoin (BTC) and ETH to 40x and 25x, respectively, to increase maintenance margin requirements for larger positions as a preventive measure for similar moves in the future. Hyperliquid's HLP vault still has an all-time profit of $60 million, data shows. Meanwhile, the platform's HYPE token dropped from $14 to under $13 in a knee-jerk move after the liquidation, though it has since fully recovered the brief slide as of late Asian hours. Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
HYPE Token Experiences 8.5% Drop Following $4 Million Loss in Hyperliquid Vault
The price of HYPE, the native token of the Hyperliquid platform, fell by 8.5% on Wednesday morning, dropping from approximately $14.72 to $12.74. This decline followed a significant liquidation event involving a whale, which left Hyperliquid's HLP (Hyperliquidity Provider) vault with a loss estimated at $4 million. The HLP vault, integral to the Hyperliquid protocol—a decentralized perpetual futures exchange—enables users to deposit USDC and participate in market-making and liquidation strategies. The vault's performance is tracked transparently on-chain, and its deposits are locked for four days. According to blockchain analytics platform Lookonchain, a whale trader had previously deposited 15.23 million USDC to establish a long position in Ether, amassing a total of 160,234 ETH, valued at approximately $306.85 million. However, the position was liquidated, allowing the trader to withdraw 17.09 million USDC, resulting in a profit of around $1.86 million. In the wake of the incident, some community members speculated about possible manipulation of the HLP vault, suggesting that someone may have engineered a scenario that triggered the liquidation event. Hyperliquid, however, clarified that there had been no exploit or hack. They stated that the liquidation engine was unable to cope with the substantial size of the position taken by the trader. Hyperliquid's statement on X confirmed that the user had unrealized profits and, upon withdrawal, reduced their margin, leading to the liquidation. The HLP vault's total value locked (TVL) amounts to $451 million, and despite this incident, its all-time profit and loss (P&L) remains at around $60 million. In response to the situation, Hyperliquid announced plans to adjust the maximum leverage limits for BTC and ETH to 40x and 25x, respectively. This change aims to increase maintenance margin requirements for larger positions, thereby enhancing the buffer for backstop liquidations moving forward. Sign in to access your portfolio
