experience

According to Gate market data, the market experienced a collective short-term crash, with TRUMP dropping over 15%, ZEC, SOL, and XRP all dropping over 10%, and ETH dropping over 8%.

According to Coinglass data, over $5 billion in leveraged positions have been liquidated in the past 72 hours.

According to Caixin, Star Bridge Capital (SBCFX) experienced an abnormal liquidation incident in London gold trading. After the incident, the Hong Kong office of the platform was empty, and some investors faced huge losses. According to multiple investors, their automated trading in London gold (XAUUSD) derivatives through the Star Bridge Capital platform encountered extreme abnormal trading on the evening of August 19: the system automatically generated huge reverse short positions within just 1 to 3 seconds, followed by a rapid rise in international gold prices, leading to collective liquidations of accounts, with some accounts' funds reaching zero, and some even incurring negative debts.The so-called London gold liquidation refers to the risk of trading in the opposite direction of gold price movements, and due to leverage and other reasons, resulting in excessive losses, where the available margin in the investor's account is exhausted, falling below the maintenance margin ratio, leading to forced liquidation by the platform and total loss of principal.Affected investors estimate that this incident involves about 2,000 to 3,000 people, including a large number of mainland investors. Currently, some investors have reported to the Hong Kong police and requested the platform to refund 70% of the principal according to the previously promised "maximum loss of 30%" rule.Some investors claim that Star Bridge Capital offers leverage of up to 500 times, and some funds were deposited via USDT stablecoins, increasing the difficulty of tracking funds. Public information shows that Star Bridge Capital's business scope covers foreign exchange, commodities, indices, cryptocurrencies, etc., and it claims to be a licensed and compliant international trading platform.

The B.AI Android App officially upgrades the "Service Availability Detection" feature, adding the display of "Real-time Response Time" data. Users can intuitively obtain the precise latency value (ms) of the current node when performing line detection, and flexibly filter the optimal service address based on their own network conditions. This greatly enhances the transparency and decision-making efficiency of line selection, helping users achieve an extremely smooth AI interaction experience. Download or update the B.AI App now to start a smarter and more stable new conversation experience.

According to Binance spot market data, there has been significant volatility in the market. DIA has increased by 11.9% in 24 hours and is in a rebound state after hitting a low.At the same time, ALICE, BEL, SFP, MOVR, HFT, PORTAL, and WAL have all shown a "high-to-low" state, with declines of 5.83%, 5.04%, 8.34%, 12.7%, 18.47%, 9.68%, and 20.94%, respectively.In addition, VIC and HOLO have also shown a rebound state after hitting a low, with increases of 9.9% and 6.01%, respectively.

According to Binance spot data, the market has seen several tokens experiencing a rise and fall. DODO has dropped 7.13% in the last 24 hours, MOVR has decreased by 8.24%, PROM has fallen by 8.09%, and EDEN has declined by 9.76%.In addition, EUL has reached a new low today, with a drop of 6.87%. MTL and KAIA have both hit new lows for the week, with declines of 7.73% and 5.17%, respectively. LA has also reached a new low today, with a decrease of 6.66%.EDEN has slightly increased by 3.13% within 5 minutes, while TUT has slightly decreased by 3.06%.

Renowned trader Doctor Profit posted that a historical indicator for Bitcoin is signaling that "the bottom has either formed or is very close." In 2015, 2019, and 2022, the bear market bottom formation phase began when the realized price of holders for 3 to 6 months fell below the realized price of holders for 1 to 2 years. He believes this indicates that newer buyers are capitulating and selling at a loss, with Bitcoin gradually transferring to longer-term holders.Currently, this crossover is appearing for the fourth time, while the BTC price is below the average cost of both categories of holders. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically experiences several months of sideways movement to complete the bottoming process, so this phase can also be seen as a long-term accumulation range. He believes we are currently in the bottom formation and long-term accumulation phase of the bear market. Doctor Profit stated that over the past few weeks, he has been gradually buying BTC in batches within the range of $54,000 to $64,000, continuing to build his position incrementally with 5% of his portfolio each time.

According to official news, Bitget C2C has officially launched the merchant ecosystem recruitment. This recruitment adopts a selective and invitation-based model, with dedicated business managers providing one-on-one access. The platform requires that applying merchants must be certified merchants from other platforms and have more than 180 days of industry experience; for senior high-level merchants, a "certificate direct upgrade channel" is open, allowing for direct upgrades to bulk merchants based on relevant certifications and transaction records, enjoying expedited review, 1V1 exclusive connection, and platform traffic exposure support.To accelerate ecosystem construction, Bitget has launched a dual incentive program. New merchants can receive a 100 USDT onboarding reward after completing specified tasks; existing merchants can receive up to 200 USDT referral rewards for each new merchant they successfully refer, with no limit on the number of referrals. The event will last until September 30 at 23:59 (UTC+8). For more details, please refer to the Bitget official platform.

According to Binance spot market data, the market has experienced significant fluctuations. BICO has risen by 12.65% in the last 24 hours and is showing signs of a rebound after hitting a low.At the same time, BIO, MMT, ESP, ROBO, and SNXXB have all shown a "high and then low" trend, with 24-hour declines of 5.15%, 7.75%, 14.15%, 20.07%, and 5.88%, respectively. In addition, GLWB, AXTIB, and IRENB have reached new lows today, with declines of 6.42%, 21.12%, and 8.36%, respectively.

The South Korean semiconductor sector experienced fluctuations during the trading session, with SK Hynix and Samsung Electronics' stock prices slightly retreating, but the related contract market remained active. According to Gate market data, SK Hynix (000660) reported $1002.56 during the session, down 0.21%; Samsung Electronics (005930) reported $162.15 during the session, down 0.64%. According to CoinGlass data, the SKHYNIX contract open interest reached $693 million, of which the SKHYNIX contract open interest on the Gate platform reached $131 million, ranking second in the entire network; the SAMSUNG contract open interest reached $45.2207 million, of which the SAMSUNG contract open interest on the Gate platform reached $6.19 million, also ranking second in the entire network.

According to Binance spot data, the market has experienced significant fluctuations. BICO has risen by 39% in 24 hours and has reached a bottom-rebound state.At the same time, PYR has fallen by 16.48% in 24 hours, showing a "high pullback" state. Other tokens such as AVA, PIVX, VANRY, XAI, ACX, and COOKIE have also shown a "high pullback" state, with declines ranging from 6.25% to 16.75%.In addition, CTSI and HEI have increased by 7.92% and 11.14%, respectively, both reaching a bottom-rebound state.

Bitwise Chief Investment Officer Matt Hougan stated that if the Clarity Act does not pass this week, the market may experience a brief fluctuation, but it will be prepared for a rebound in the fall.

According to Binance spot data, the market has experienced significant volatility. ADA has dropped 5.11% in 24 hours, and COTI has dropped 19.94%, showing a "rise and fall" state.At the same time, MOVR, PIVX, AI, LUMIA, COOKIE, SXT, ROBO, and ZAMA have also shown a "rise and fall" state, with declines of 7.54%, 6.37%, 7.89%, 8.83%, 18.86%, 5.57%, 9.73%, and 8.16%, respectively.

According to BlockBeats' in-depth article "Using a Gate Account to Experience Four Types of Stock Products," the article points out that as traditional financial assets and cryptocurrency trading scenarios continue to merge, users' trading needs for assets such as stocks, indices, and gold have expanded from simple holding to trading, hedging, and asset management. Gate integrates four types of products—stocks, tokenized stocks, stock perpetual contracts, and CFDs—through a TradFi account system, providing users with trading options covering U.S. stocks, Hong Kong stocks, Korean stocks, and various global assets.The article states that Gate's stock focus is on real stock trading and long-term asset allocation needs; gStocks tokenized stocks bring stock assets into the crypto ecosystem, supporting more flexible asset application scenarios; stock perpetual contracts meet short-term trading and risk hedging needs; CFDs cover multi-asset strategies including stocks, indices, foreign exchange, gold, and commodities. The article believes that Gate's differentiation lies in combining the funding system familiar to crypto users, 24/7 trading capabilities, and traditional financial products, thereby lowering the barriers to cross-market trading. By continuously improving its TradFi product layout, Gate is further promoting the connection between the crypto market and the traditional financial system, providing users with a more efficient global asset trading experience.

According to Binance spot data, the market has experienced significant fluctuations. PUMP has risen by 25.96% in the last 24 hours, reaching a new high for the week.At the same time, both LAZIO and HOME have shown a "high and then low" state, with declines of 9.45% and 18.72% in the last 24 hours, respectively. TST and WAXP have hit new lows for today, with declines of 10.31% and 8.88%.In addition, SPCXB has reached the highest price of the day, with an increase of 9.79%. INTCB, QCOMB, and INTWB have also reached the highest price of the day, with increases of 11.5%, 7.77%, and 23.31%, respectively.

The decentralized spot and perpetual contract trading platform RISEx announced that on August 3, an unauthorized withdrawal occurred related to the RWA strategy associated with the XLP treasury, involving 673,011.56 USDC. This issue stemmed from a configuration error since the deployment on July 13. The team discovered and fixed it within minutes and has fully compensated XLP depositors using part of the fees generated in July, with no impact on user funds.RISEx stated that the platform, RISE cross-chain bridge, and XLP treasury all have withdrawal limit mechanisms in place, and this amount was below the threshold. The team has reviewed the relevant transactions and configurations, confirmed that there are no other similar issues, and is tracking the funds, attempting to contact the relevant addresses to request a return. A post-analysis report will be released later.

According to GMGN data, the price of the meme coin CATE briefly plummeted over 80%, with the market cap dropping to about 10 million USD at its lowest, currently reported at about 37.26 million USD.Previous news: The owner of DOGE clarified that CATE is not related to him and only recognizes the official projects DOG and COCORO. The price of meme coins is highly volatile, and significant fluctuations may occur in a short period; please be aware of liquidity risks and position risks.

In July, among the capital flows of cryptocurrency asset ETFs, the Ethereum (ETH) ETF emerged as the biggest winner, with a net inflow of $365 million for the month. Data shows that the Bitcoin ETF had a net inflow of $172.43 million in July; the Solana (SOL) ETF had a net inflow of $14.62 million; the XRP ETF had a net inflow of $27.29 million; the Chainlink (LINK) ETF had a net inflow of $4.54 million; the HBAR ETF had a net inflow of $3 million; and the LTC ETF had a net inflow of $30,400.In contrast, HYPE-related ETFs became the only products to experience net outflows, with a net outflow of $15.16 million in July. Overall, institutional capital allocation in July clearly favored the Ethereum ecosystem, with the ETH ETF attracting more capital than the BTC ETF, indicating a continued increase in market demand for Ethereum-related assets.

CoinGlass's latest data shows that BTC is currently priced at $63,129.2, with a 24-hour decline of 0.43%. The total spot trading volume across the network is approximately $1.838 billion. Among them, Gate's BTC spot trading volume is about $212 million, ranking third in the network.As for ETH, it is currently priced at $1,863.23, with a 24-hour decline of 0.66%. The total spot trading volume across the network is approximately $763 million. Among them, Gate's ETH spot trading volume is about $105 million, also ranking third in the network. Meanwhile, the total contract trading volume for ETH across the network is approximately $24.138 billion, with Gate's ETH contract trading volume at about $2.228 billion, similarly ranking third in the network.From the latest trading distribution, the price adjustments for BTC and ETH within the day are relatively limited, and the trading heat of mainstream assets remains concentrated on leading platforms. Gate ranks in the top three for BTC spot, ETH spot, and ETH contract in three core trading indicators, indicating that its liquidity and trading activity in mainstream cryptocurrency trading remain at a high level.