Over $50.4 million settled within 24 hours, as short sellers suffer heavy losses—revealing the true nature of market volatility

The total liquidation volume in the cryptocurrency derivatives market exceeded $50.4 million within 24 hours, with 74.11% attributed to short sellers. Significant short positions in Bitcoin, Ethereum, and Solana were unwound, and analysts warned of the risks associated with high leverage, noting that this event reflects a routine market adjustment rather than a systemic crisis.

Zhitong Finance14:07

Express News | Former Ethereum Foundation Member: Founders Cannot Rely on the Foundation to Help Achieve Product-Market Fit

Breakings13:43

Bitcoin Tops $65,000 With US Inflation Data Due This Week

CoinDesk12:39

Express News | The decentralized stablecoin project USM was exploited, resulting in a loss of approximately 70.83 ETH.

Breakings10:47

Express News | Over 100 crypto projects have shut down in 2026, as the industry undergoes an 'internet bubble-style' shakeout.

BreakingsAug 9 21:51

Profit Warning: Ying Universe (03700.HK) Expects First-Half Profit to Decline by Over 3% Due to Significant Impairment of Cryptocurrency Holdings

YY Inc. (03700.HK) has issued a profit warning, expecting its net profit for the six months ended June to decline by more than 30% compared to RMB 2.74 billion in the same period of 2025. This is primarily due to changing market conditions and shifts in user spending preferences, which have reduced revenue from the group’s social networking business, as well as significant additional impairment losses on the group’s holdings of cryptocurrencies during the period resulting from declines in the prices of Bitcoin and Ethereum.

AASTOCKSAug 9 20:46