Ventuals, a pre-IPO trading platform in the Hyperliquid ecosystem, announces cessation of operations

TechFlow News: On June 15, Ventuals announced it would cease operations and join another builder team within the Hyperliquid ecosystem. Over the coming days, all HIP-3 markets deployed by Ventuals will be settled and trading halted as scheduled. After all markets close, vHYPE holders may withdraw their deposited HYPE tokens on a 1:1 basis and receive accumulated native staking rewards. Its points program and referral program have been terminated effective immediately, and no Ventuals token will be launched. Its Pre-IPO markets for OPENAI and ANTHROPIC have had their mark prices frozen and will halt trading at 10:30 AM and 11:30 AM ET on June 15, respectively. Commodity and index markets will complete settlement sequentially following the end of the regular trading session on June 18.