Svmuu News: Ventuals, a project within the Hyperliquid ecosystem that had previously announced its shutdown, posted on X stating that Ventuals’ commodity and index markets are now frozen. The mark price and oracle price for each market have been set to today’s closing price during regular trading hours based on data from external exchanges, and the funding rate has been set to 0. Trading on all markets will be suspended for the remainder of the day, and the profit and loss (PNL) on all open positions will be automatically settled based on the final mark price. If you currently hold open positions, no action is required; the system will automatically settle them for you. Additionally, Ventuals recommends that all vHYPE holders initiate withdrawals as soon as possible (if they have not already done so). 100% of vHYPE holders can expect to redeem their vHYPE for HYPE at a 1:1 ratio and receive all native staking rewards accumulated since deposit. All initiated withdrawals will be processed in batches starting at 10:00 AM Eastern Time on June 19, with subsequent batch processing occurring every 24 to 72 hours. Once withdrawal requests are processed, they will become available for withdrawal after 7.5 days (including Hyperliquid’s standard 7-day staking unlock period and a 12-hour cooling-off period). In related news, Ventuals announced the shutdown of its operations and its merger with another team within the Hyperliquid ecosystem; specific details have not yet been disclosed.