Odaily: According to Paragon monitoring, PAPER has suspended trading and completed settlement, with all open positions settled at $0.026296. The suspension time was 06:31:15 Beijing time. Paragon stated that the launch plan announced by Papertrade on October 1 had included a phase for opening PAPER transfers, so PAPER was launched in the form of a pre-listing perpetual contract, originally planned to convert to a standard perpetual contract once a spot market appeared. However, Papertrade has now stated that it does not intend to open PAPER transfers, meaning the market has lost the future spot price basis for price convergence. Paragon therefore suspended trading immediately after the announcement, setting a unified settlement cutoff point for all open positions. The settlement price uses the time-weighted average of the oracle price over the 1 hour before suspension, using the same 1-hour averaging window as the Hyperliquid validator-led HyperCore perpetual contract delisting. All open orders have been canceled, remaining margin has been released, realized PnL has been credited to account balances, and traders do not need to take any action. If the PAPER transfer plan changes, Paragon will evaluate whether to resume trading.

Odaily reports that HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to win the PAPER ticker at auction, and may soon launch Papertrade (PAPER) perpetual contracts. Papertrade is an on-chain synthetic perpetual contract trading platform deployed on HyperEVM, offering leverage of up to 1000x. Its token PAPER is minted through users' realized trading losses, with no pre-mine, team, or VC allocations.

Odaily News: HIP-3 decentralized trading platform Paragon won the ANSEM ticker in the latest HIP-3 auction for 571.98 HYPE.Previously, crypto KOL Ansem launched the token issuance platform Ansem.io, introducing the Z500 index and the ANSEM token burn mechanism.

Odaily Planet Daily News: HyperliquidNews stated on the X platform that the open interest of HIP-3 DEX @tradeparagon has reached an all-time high, surpassing $6 million. Among this, UNITREE contributed $2 million in open interest, accounting for 35.16% of Parageon's 24-hour trading volume.

Odaily News: According to HyperliquidNews monitoring, Paragon purchased the RDDT token at a transaction price of 577.66 HYPE, valued at $30,300.

Odaily News: HyperliquidNews posted on X platform, stating that HIP-3 DEX @tradeparagon has introduced a new feature for VIP users, who can now request tickers they wish to have listed.

Odaily Planet Daily News: HyperliquidNews posted on platform X, stating that DEX HIP-3 @tradeparagon's trading volume has exceeded $150 million.

Odaily reported that HyperliquidNews posted on platform X, stating that the new HIP-3 ticker IREN has been purchased by @tradeparagon for 544.9 HYPE, valued at $32,187.

Odaily Planet Daily News: HyperliquidNews posted on X platform stating that tradeparagon purchased HIP-3 new code STX at a price of 539.95 HYPE, approximately $37,046.

Odaily reported that HyperliquidNews posted on X platform, stating that @tradeparagon purchased the CRDO HIP-3 trading code with 510.69 HYPE, valued at $30,300.