BNB is showing signs of recovery after testing the broken resistance point! The price is forming a recovery structure within a broader channel indicating the potential for a short-term increase. - model: break and retest - trend: short-term increase - key level: Support $950 If it falls below 930$ , it will invalidate the bullish plan, and the possibility of retesting the price level of $880 #bnb
The current market sentiment is Fear (CMC's Fear & Greed Index: 21/100). Key points: 1. Fear & Greed Index → 21/100 (down 3 points in 24 hours, down 10 points in 7 days) 2. Social sentiment → 5.45/10 (slightly optimistic tweets contrasting with macro negative trends) 3. ETF cash flow → Cash inflow into BTC ETF reached 240 million USD, ending a 6-day capital outflow.
… There has been over 2 billion USD in leveraged orders liquidated in the past 48 hours! However, the market did not close below $100,000!!! Focus on your plan! #bitcoin
STREAM FINANCE COLLAPSES, LOSING 93 MILLION USD AND STABLECOIN XUSD FALLS TO 0.28 USD 💥
🔹 Stream Finance reports a loss of 93 million USD due to external fund management, forcing it to freeze 160 million USD in deposits and halt all transactions.
🔹 Following the incident, stablecoin XUSD lost its peg to 1 USD, dropping to 0.28 USD, causing panic and mass liquidations.
🔹 The project has 520 million USD in TVL, of which 160 million USD is user funds.
🔹 The profit farming model with 4x leverage may be the main reason for the collapse.
🔹 Prior to this, there were suspicions about poor risk management and hidden leverage in Stream's system.
🔹 This incident occurred just one day after the 100 million USD hack of Balancer, marking the second major crash in the DeFi world within 48 hours. (St) #BTCDown100k
- The Securities and Futures Commission of Hong Kong (SFC) has just announced two new guidance documents allowing licensed exchanges in the special administrative region to connect with global liquidity sources by sharing order books with platforms abroad. - Previously, crypto exchanges in Hong Kong operated in a closed model, only matching orders and settling payments domestically. The interconnection of order books marks a structural change, allowing buy and sell orders in Hong Kong to be matched directly with orders from international exchanges. - According to the SFC, this helps local investors access global liquidity more effectively, with better price discovery and more competitive pricing. Domestic exchanges wishing to implement this model must still obtain prior written approval from the SFC to ensure compliance with cross-border capital management and supervision standards. - At the same time, tokens and stablecoins licensed by the HKMA Hong Kong no longer need a 12-month trading history as previously required to qualify for offering to professional investors. #allcoins