Over $7.5 billion was liquidated in the last hour, setting a new record.

The Friday trading session remains robust for KGEN and ZORA, which have surged by 70% and 130%, respectively, following their listing on Robinhood US. ZORA sustained its lead in purchase volume across all centralized exchanges and maintained its dominance in open interest growth through the evening. KGEN showed significant activity, achieving the top position in open interest growth by 02:36 Moscow time. Additionally, starting at 13:39, KGEN climbed the purchase rankings on all CEXs, reaching third place by 14:25.

Several stablecoins are deviating from their pegs, with Ethena's USDE falling approximately 30%. Meanwhile, WLFI's USD1 remains stable.

Important announcement regarding the current market conditions.

Important announcement regarding the current market conditions.

Binance Futures reports that during the market downturn, the insurance fund for USDT-margined contracts for BTC, ETH, and BNB declined from $1.23 billion to $1.04 billion. A total of $188 million was allocated for risk management amid heightened volatility.

Binance Futures reported that during the recent market downturn, the insurance fund balance for USDT-margined contracts covering Bitcoin, Ethereum, and BNB declined from $1.23 billion to $1.04 billion. Approximately $188 million was allocated for risk management during this period of heightened volatility.

Bitcoin spot ETFs experienced approximately $4.5 million in net outflows yesterday, while Ethereum spot ETFs saw around $174.9 million in net withdrawals.

Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $4.5 million.
Meanwhile, spot Ethereum ETFs experienced net outflows of approximately $174.9 million.

Machi Big Brother has experienced multiple liquidations, according to data available at here. His current balance on Hyperliquid stands at $130,000. Since September 20, his holdings have declined from a peak of approximately $43.64 million to a negative $12.28 million.

Machi Big Brother has undergone multiple liquidations, according to data from Hyperdash. Currently, he has approximately $130,000 remaining on Hyperliquid. Since September 20, his balance has declined from a peak of more than $43.64 million to -$12.28 million.

Former U.S. President Donald Trump states he has not canceled plans to meet with Chinese President Xi Jinping and indicated a willingness to meet again amid ongoing trade tensions.

During the recent market downturn, USDE, BNSOL, and WBETH experienced considerable depegging on Binance. USDE declined to $0.6567, BNSOL fell to $34.9, and WBETH decreased to $430.65. Binance announced that its team is conducting a comprehensive investigation into the issue. x

During the recent market decline, USDE, BNSOL, and WBETH experienced significant depegging on Binance. USDE fell to $0.6567, BNSOL dropped to $34.9, and WBETH declined to $430.65. Binance stated that its team is conducting a thorough investigation into the matter. x

Whale Transactions:

1. The 7 Siblings have resumed activity, purchasing tokens during the recent market dip. They borrowed $40 million in USDC from Aave and allocated $5 million to acquire 1,326 ETH at a price of $3,771 each.
2. Wlfi invested $10 million to acquire $55.69 million worth of WLFI tokens, initially valued at $7.15 million, at an average price of $0.18.
3. BTC OG closed most of his short positions on BTC and ETH, retaining a short position of 821.6 BTC valued at approximately $92 million, resulting in profits exceeding $160 million.
4. Two wallets, suspected to be linked to hacking activity, sold 5,480 ETH valued at $20.47 million, purchased just a week prior, incurring a loss of $3.7 million.

Arthur Hayes suggests that automatic liquidations stemming from cross-margin positions on a major centralized exchange contributed to last fall’s decline in numerous altcoins. He notes that investors who bought during that period may have benefited, as prices for many high-quality altcoins are unlikely to fall to similar levels in the near future.

Arthur Hayes suggests that the automatic liquidation of collateral linked to cross-margin positions on a major centralized exchange contributed to the decline in numerous altcoins last fall. He acknowledged investor purchases and noted that prices for many high-quality altcoins are unlikely to reach similar levels again in the near future.

Bitcoin fear and greed index drops to 27, signaling market sentiment remains in fear territory.

The Bitcoin fear and greed index stands at 27, reflecting a state of market fear.

In the past 24 hours, approximately $19.30 billion in cryptocurrency contracts were liquidated, with roughly $16.81 billion in long positions and $2.49 billion in shorts impacted. This event marks the largest liquidation in crypto market history, nearly 20 times the size of the sell-off during the March 2020 COVID crash. The overall market capitalization has declined by $250 billion.

Market sentiment remains uncertain today.