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【Rapid Report】The market has significantly corrected, with nearly $600 million in long positions liquidated.
In the past 24 hours, the cryptocurrency market has experienced a widespread decline, with major drops in BTC, ETH, and others triggering a chain of liquidations. According to monitoring data, nearly $600 million in futures long positions have been forcibly liquidated across the network.
Notably, the liquidation amount for Ethereum (ETH) reached $235 million, surpassing Bitcoin (BTC), making it the main player in this round of liquidations.
The market is highly volatile, reminding investors to pay attention to risk management and to use high leverage cautiously.
#BTC #ETH #Market Trends #Contract Trading
In the past 24 hours, the cryptocurrency market has experienced a widespread decline, with major drops in BTC, ETH, and others triggering a chain of liquidations. According to monitoring data, nearly $600 million in futures long positions have been forcibly liquidated across the network.
Notably, the liquidation amount for Ethereum (ETH) reached $235 million, surpassing Bitcoin (BTC), making it the main player in this round of liquidations.
The market is highly volatile, reminding investors to pay attention to risk management and to use high leverage cautiously.
#BTC #ETH #Market Trends #Contract Trading
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【Breaking】 Yu Hong blasts Zhou Hongyi for 'cooking the books', 360 responds quickly: initiating legal proceedings
On December 16, renowned figure in the blockchain field Yu Hong publicly declared 'war' on social media, fiercely accusing Zhou Hongyi, the founder of 360 Group, of having 'cooked the books for at least several billion', claiming to possess evidence that will be published online. Yu Hong's remarks were intense, stating that 'knowing Zhou Hongyi is a lifetime disgrace'.
360 Group immediately issued a stern statement, stating that all accusations are 'completely contrary to the facts', and the company's finances have been audited by authoritative bodies and are legal and compliant. 360 also clarified that Yu Hong was merely the head of the acquired business and has never held core positions such as Senior Vice President of the group, and has initiated legal proceedings against his malicious defamation.
It is reported that the two parties had intersections due to the acquisition case, and Yu Hong later became a controversial figure in the blockchain field. As a result of the incident, 360 company's stock price fell by more than 5% on that day. Currently, Yu Hong has not publicly disclosed the evidence he claims to have, and the incident has entered the legal confrontation stage.
On December 16, renowned figure in the blockchain field Yu Hong publicly declared 'war' on social media, fiercely accusing Zhou Hongyi, the founder of 360 Group, of having 'cooked the books for at least several billion', claiming to possess evidence that will be published online. Yu Hong's remarks were intense, stating that 'knowing Zhou Hongyi is a lifetime disgrace'.
360 Group immediately issued a stern statement, stating that all accusations are 'completely contrary to the facts', and the company's finances have been audited by authoritative bodies and are legal and compliant. 360 also clarified that Yu Hong was merely the head of the acquired business and has never held core positions such as Senior Vice President of the group, and has initiated legal proceedings against his malicious defamation.
It is reported that the two parties had intersections due to the acquisition case, and Yu Hong later became a controversial figure in the blockchain field. As a result of the incident, 360 company's stock price fell by more than 5% on that day. Currently, Yu Hong has not publicly disclosed the evidence he claims to have, and the incident has entered the legal confrontation stage.
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The recent stablecoin forum has attracted significant attention. This technology, serving as a bridge for digital payments and settlements, is gaining more practical applications. Data shows that its monthly transaction volume has reached the trillion-dollar level, serving hundreds of millions of global users, and its application scope has expanded from early uses to broader business and trade sectors.
The key to promoting the development of this technology lies in achieving a balance between "compliance" and "innovation." As the market scale expands, its future development urgently needs to establish clear and transparent operational rules and standards. This not only protects the rights and interests of participants but also attracts the attention and investment of many large fintech and traditional financial institutions. Experts generally believe that the long-term and healthy development of this field will deeply rely on the establishment of robust rules and global cooperation. This will ultimately help build a more efficient modern financial system.
The key to promoting the development of this technology lies in achieving a balance between "compliance" and "innovation." As the market scale expands, its future development urgently needs to establish clear and transparent operational rules and standards. This not only protects the rights and interests of participants but also attracts the attention and investment of many large fintech and traditional financial institutions. Experts generally believe that the long-term and healthy development of this field will deeply rely on the establishment of robust rules and global cooperation. This will ultimately help build a more efficient modern financial system.
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Stablecoins are becoming a key bridge connecting the digital economy with the real economy. Recently, at the Global Stablecoin Application Forum held in Taipei, industry experts shared the latest progress in this field.
Data shows that the monthly trading volume of stablecoins has exceeded $3.1 trillion, reaching 600 million users, with applications expanding from crypto trading to broader commercial scenarios such as cross-border payments and trade settlement.
The forum discussions pointed out that the core of stablecoin development lies in the parallel advancement of technology and compliance. Traditional financial giants like Visa and JPMorgan have actively positioned themselves in this area, viewing it as a new technological tool to enhance financial efficiency. In the future, the widespread use of stablecoins will depend on a clear regulatory framework to ensure they serve the global trade and payment systems' innovative upgrades in a transparent and secure manner.
Stablecoins are not only a technological hotspot but also a practical tool driving the transformation of financial services, and their development deserves ongoing attention.
Data shows that the monthly trading volume of stablecoins has exceeded $3.1 trillion, reaching 600 million users, with applications expanding from crypto trading to broader commercial scenarios such as cross-border payments and trade settlement.
The forum discussions pointed out that the core of stablecoin development lies in the parallel advancement of technology and compliance. Traditional financial giants like Visa and JPMorgan have actively positioned themselves in this area, viewing it as a new technological tool to enhance financial efficiency. In the future, the widespread use of stablecoins will depend on a clear regulatory framework to ensure they serve the global trade and payment systems' innovative upgrades in a transparent and secure manner.
Stablecoins are not only a technological hotspot but also a practical tool driving the transformation of financial services, and their development deserves ongoing attention.
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Today's Headlines
Financial Institutions and the Compliance Process
The trends of traditional financial institutions and regulation continue to inject new certainty into Web3.
Bank of America Approved to Offer Crypto Trading Services: Bank of America has received regulatory approval to provide cryptocurrency trading intermediary services to its clients. This is an important sign of mainstream financial institutions' deepening involvement in the crypto market.
Special Purpose Acquisition Company Completes Fundraising: A Special Purpose Acquisition Company (SPAC) listed on NASDAQ, Meshflow Acquisition, announced the completion of its initial public offering, raising $345 million. The company has explicitly stated that the funds will be used to seek mergers and acquisitions in the Web3 fields of crypto infrastructure, asset tokenization, DeFi, etc.
The trends of traditional financial institutions and regulation continue to inject new certainty into Web3.
Bank of America Approved to Offer Crypto Trading Services: Bank of America has received regulatory approval to provide cryptocurrency trading intermediary services to its clients. This is an important sign of mainstream financial institutions' deepening involvement in the crypto market.
Special Purpose Acquisition Company Completes Fundraising: A Special Purpose Acquisition Company (SPAC) listed on NASDAQ, Meshflow Acquisition, announced the completion of its initial public offering, raising $345 million. The company has explicitly stated that the funds will be used to seek mergers and acquisitions in the Web3 fields of crypto infrastructure, asset tokenization, DeFi, etc.
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48 Hours of Turbulence: Why Did a Dose of Expected 'Rate Cut Medicine' Trigger a Global Market Chain Reaction?
#美联储降息
On December 11, 2025, Beijing time, the Federal Reserve announced a reduction of 25 basis points in the target range for the federal funds rate to 3.5%-3.75%. This was a rate cut that the market had fully anticipated and marked the third consecutive reduction since September of this year. However, when this 'shoe' finally dropped, the global financial markets did not experience the calm that comes with certainty, but rather a severe wave of fluctuations and differentiation across stocks, bonds, currencies, commodities, and cryptocurrencies. Behind what seems like a simple policy operation, a complex game concerning economic outlook, policy divergence, and future expectations is unfolding.
On December 11, 2025, Beijing time, the Federal Reserve announced a reduction of 25 basis points in the target range for the federal funds rate to 3.5%-3.75%. This was a rate cut that the market had fully anticipated and marked the third consecutive reduction since September of this year. However, when this 'shoe' finally dropped, the global financial markets did not experience the calm that comes with certainty, but rather a severe wave of fluctuations and differentiation across stocks, bonds, currencies, commodities, and cryptocurrencies. Behind what seems like a simple policy operation, a complex game concerning economic outlook, policy divergence, and future expectations is unfolding.
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