Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Flash
  • 03:26
    Bitcoin's decline was driven by derivatives liquidation.
     according to on-chain data, the recent decline in Bitcoin prices is mainly driven by forced liquidations in the derivatives market, rather than sell-offs in the spot market. The root cause lies in the accumulation of highly leveraged long positions in the futures market. When the price falls below a key level, these positions hit the maintenance margin requirements and are forcibly liquidated. Liquidations are executed as market sell orders, increasing sudden selling pressure and further pushing prices down. The key point is that liquidations are not only a result of price declines but also an "amplifier." Even a slight initial drop can trigger a chain of forced sell-offs, with one liquidation causing the next. Therefore, this round of decline should be seen as a structural deleveraging event rather than a collapse in fundamental demand.
  • 03:23
    SlowMist: Crypto exchange an exchange has a potentially serious vulnerability.
     SlowMist sent a security notice to the crypto exchange ICRYPEX Global, stating that a potential serious vulnerability was discovered. SlowMist reminded ICRYPEX Global to contact them as soon as possible to coordinate the next steps.
  • 03:18
    Hyper Foundation proposes permanent destruction of HYPE tokens in the Assistance Fund
    According to TechFlow, on December 17, Hyper Foundation officially proposed a validator vote to confirm that the HYPE tokens in the Assistance Fund are considered burned, which will permanently remove these tokens from circulation and total supply. As part of the L1 execution, the Assistance Fund automatically converts transaction fees into HYPE through the system address 0xfefefefefefefefefefefefefefefefefefefefefe. This address is similar to a zero address and has never had a private key; the funds within cannot be retrieved without a hard fork. A "Yes" vote means validators agree to consider the HYPE in the Assistance Fund as burned and commit to never authorizing any protocol upgrade that could access this address. The vote will take place on the governance forum until 04:00 UTC on December 21, and users can stake in support of validators aligned with their views until 04:00 UTC on December 24. The final result will be based on the stake-weighted consensus as of that time.
News
© 2025 Bitget