Chip-stock bets lost $52 million in 10 minutes with Wall Street shut

Round-the-clock chip-stock contracts lost $52 million in a 10-minute flush while U.S. equity markets were closed, leaving traders without a real share price to anchor valuations. The move highlights how thin liquidity and the absence of a reference price can amplify losses in 24/7 derivative products. Traders should watch for spillover volatility into crypto and tokenized-equity markets that trade outside Wall Street hours.