BlockBeats report, June 15: Ventuals today announced it will gradually wind down its operations and join another team within the Hyperliquid ecosystem, marking the end of its "24/7 private markets" pilot phase.
Previously, this project focused on enabling users to trade exposure to private tech companies before their IPOs, having raised over 500,000 HYPE and generated approximately $650 million in trading volume.
According to the announcement, all deployed HIP-3 markets will proceed with settlement as scheduled. Pre-IPO markets such as OpenAI and Anthropic will be frozen and settled based on the TWAP price over the past 24 hours, with a settlement price of $1,341.80 for OpenAI and $1,618.90 for Anthropic.
In addition, commodity and index markets (such as MAG7, semiconductors, energy, defense, etc.) will be gradually suspended from trading starting June 18 and will be settled at the last available external price; all open positions will be automatically closed.
The platform states that vHYPE holders can redeem their staked assets at a 1:1 ratio and receive the corresponding on-chain staking rewards. Withdrawal processing will begin on June 19 and may take between 7 and 72 hours per batch.
At the same time, Ventuals confirmed the termination of its rewards and referral programs and explicitly stated that no tokens will be issued, as the project’s termination has eliminated the basis for value capture. All users must complete fund withdrawals and wallet exports by September 15.