Ventuals: All markets will suspend trading today. All vHYPE holders are advised to withdraw as soon as possible.

Odaily reported that the previously announced Hyperliquid ecosystem project Ventuals, which is shutting down, posted on X stating that Ventuals' commodities and index markets are now frozen. The mark prices and oracle prices for each market have been set to today's regular session closing prices based on data from external exchanges, and funding rates are set to zero. All markets will be suspended for the remainder of today, and PNL (profit and loss) for all positions will be automatically settled at the final mark price. If users currently have open positions, there is no need to take any action; the system will automatically settle for you.

Additionally, Ventuals advises all vHYPE holders to initiate withdrawals as soon as possible (if not completed already). 100% of vHYPE holders can expect to exchange for HYPE at a 1:1 ratio and receive all native staking rewards accumulated since deposit. All initiated withdrawals will begin batch processing at 10:00 a.m. (UTC+8) on June 19 Eastern Time, and will continue to be batch processed every 24 to 72 hours thereafter. Once processing is complete, withdrawals will become claimable after 7.5 days (including Hyperliquid's native 7-day standard unstaking period and a 12-hour cooldown period).

Previously, Ventuals announced it would cease operations and merge with another team within the Hyperliquid ecosystem, with further details yet to be disclosed.