experience

WEEX K-line anomaly handling follow-up: full compensation plus an additional 1 million WXT and 1 million USDT experience airdrop

ChainCatcher message, WEEX exchange announcement, from March 5, 00:00---01:08 (UTC+8) the ETH/USDT trading pair experienced abnormal K-line and execution delays. The reason is that some nodes of the trading server were deployed with a large number of trading pairs, and during the settlement of funding fees, nodes needed to process the funding fee calculations for all trading pairs simultaneously within 1 second, leading to a sudden increase in memory usage, which caused the anomalies.After the incident, WEEX immediately optimized the funding fee settlement logic, implemented staggered processing for settlements, and expanded and sharded the nodes to distribute the load of trading pairs across multiple nodes, while also conducting a thorough inspection of similar weak points.Following this failure, WEEX completed problem identification within 15 minutes, repairs within 25 minutes, and issued an announcement within 45 minutes, committing to a 100% full compensation, and initially allocated 10 million USDT for compensation. In addition to full compensation, WEEX will also distribute a total of 1 million WXT and 1 million USDT experience funds to affected users and new registered trading users before March 8, 23:59 (UTC+8).Furthermore, WEEX has launched the "ETH 8U Purchase" event with a total prize pool of 88 ETH. New users who recharge ≥ 8 U before March 9, 23:59 (UTC+8), and old users who had trading records from March 4 to 5 and whose daily contract trading volume is ≥ 5,000 USDT during the "ETH 8U Purchase" event can randomly share 11 ETH daily.

Traders expect the S&P 500 index to experience the largest volatility on a non-farm payroll day since the regional banking crisis in March 2023

ChainCatcher news, according to Jinshi reports, options traders expect the S&P 500 index to fluctuate by 1.3% this Friday, which will be the largest fluctuation on a non-farm payroll data release day since the regional bank crisis in March 2023. Citigroup data shows that the S&P 500 index is expected to have a two-way fluctuation of 1.4% on Wednesday, marking the highest implied volatility since the day after the U.S. presidential election on November 6, 2023.The increase in market volatility is mainly influenced by two factors: the uncertainty of the Trump administration's tariff policy and the upcoming non-farm payroll report. Trump recently warned of potential future economic fluctuations and defended his plan to significantly raise tariffs, but U.S. Secretary of Commerce Gina Raimondo indicated that Trump is considering some tariff relief measures, which has slightly eased market sentiment.The Chicago Board Options Exchange Volatility Index (VIX) is currently at its highest level since December of last year, breaking through the 20-point mark. Economists expect that U.S. employment will increase by 160,000 in February, the unemployment rate will remain at 4%, and average hourly earnings will rise by 4.1% year-on-year. UBS equity derivatives strategist Grinkov stated, "Macroeconomic factors are becoming more important; this is a higher volatility environment."
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