A SpaceX-linked crypto perpetual contract on Hyperliquid experienced a sharp 45% flash crash within 30 minutes, dropping from $2,277 to $1,254 before partially recovering. This sudden plunge liquidated 405 users across 1,393 positions, erasing $1.51 million in value, mainly impacting retail traders using 3x leverage with small margins. The crash occurred due to thin market liquidity and the lack of a public price benchmark, as the token is a synthetic contract based on SpaceX's private valuation ahead of its anticipated IPO. This event highlights the high risks retail investors face when trading speculative, illiquid crypto products without official market prices.
Ethereum developers confirmed the Glamsterdam upgrade will activate on the Sepolia testnet on October 6, ahead of a later Hoodi testnet phase. They warned that the availability of free test ether could allow malicious actors to repeatedly win block a...
Publicly traded companies have significantly reduced their Bitcoin purchases, acquiring only about 5,900 BTC in the past three months compared to over 100,000 BTC in the same period last year. This slowdown reflects weak corporate demand, as many tre...
Input Output Group (IOG) warned Cardano users to avoid its YouTube channel after it was hijacked on Sept. 18, broadcasting a fraudulent livestream that used AI-manipulated footage of Charles Hoskinson to promote a fake crypto giveaway promising doubl...
Zcash ETFs in the U.S. attracted nearly $47 million in inflows, marking their largest daily increase, while Ether ETFs experienced their third consecutive day of outflows totaling about $39 million on Thursday. Despite these withdrawals, Ether's pric...
Ethereum developers confirmed the public test of the Glamsterdam upgrade on Oct. 6 using the Sepolia testnet but warned that attackers could exploit free test ether and disposable builder identities to win block auctions and withhold transaction payl...
