# Сопутствующие статьи по теме Leverage

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Leverage", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

$93 Million Casually Misappropriated? The Truth Behind the Stream Finance Collapse

Stream Finance, a DeFi yield protocol with over $200M TVL, collapsed on November 4, 2025, after announcing a $93M loss caused by an "external fund manager." Its stablecoin xUSD plummeted 77%, triggering a $285M contagion across lending protocols like Morpho and Euler, leading to a $1B DeFi outflow. Initially blamed on "Curator" risk managers, the truth emerged from a December 8 lawsuit: founder Caleb McMeans had transferred protocol control to trader Ryan DeMattia with "no formal relationship." On October 10, DeMattia’s personal leveraged positions were liquidated during an ETH crash, and he allegedly used Stream’s funds to cover his losses—weeks before the Balancer hack (November 3) was falsely cited as the cause. The disaster was amplified by xUSD’s recursive lending structure but rooted in unregulated, off-chain asset control without multisig or custody safeguards. The incident highlights DeFi’s vulnerability to opaque operations and personal misconduct, not systemic failure of Curator models or yield strategies.

marsbit12/17 03:06

$93 Million Casually Misappropriated? The Truth Behind the Stream Finance Collapse

marsbit12/17 03:06

Machi Big Brother's Leverage Game: Where Does the 'Never-Ending' Money Come From?

Machi Big Brother (Jeffrey Huang), a well-known crypto investor, suffered a series of 10 liquidations on Hyperliquid, causing his account balance to plummet from $1.3 million to just over $53,000. This is part of a pattern of extreme leveraged trading—using 15x to 25x leverage—that has previously led to a $54.5 million swing from profit to loss. Despite these massive losses, he repeatedly replenishes his margin, raising the question: where does the money come from? His capital structure has three main sources: 1. **Traditional tech exit**: He co-founded 17LIVE (formerly 17 Media), and a 2020 share buyback provided substantial liquid fiat capital. 2. **Early crypto projects**: Though controversial and often unsuccessful (e.g., Mithril and Cream Finance), these ventures generated significant early crypto-native capital. 3. **NFT liquidity mining**: He strategically monetized high-value NFTs (like Bored Apes) through large-scale sales, airdrop farming (e.g., Blur rewards), and NFT-backed lending, continuously converting illiquid assets into ETH or stablecoins. His ability to absorb millions in losses suggests a deep, diversified reserve, estimated at over $100 million in unallocated liquid capital. He further refreshes this reserve by launching new token projects, like MACHI on Blast. For ordinary investors, this case is a stark warning: extreme leverage is highly risky, and surviving such volatility requires immense capital depth most do not have. Transparency on-chain exposes these risks, but the mechanical efficiency of platforms like Hyperliquid can amplify losses. The key lesson: survival outweighs the pursuit of rapid riches.

深潮12/16 14:53

Machi Big Brother's Leverage Game: Where Does the 'Never-Ending' Money Come From?

深潮12/16 14:53

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?

Hyperliquid, a leading Perp DEX, is introducing portfolio margin on its testnet, a significant upgrade aimed at professional and institutional traders. This system unifies users' spot and perpetual accounts, calculating margin requirements based on net risk exposure rather than summing individual positions. It rewards hedging strategies by freeing up capital, potentially improving efficiency by over 30%, as seen in traditional finance. This move signals Hyperliquid's strategic shift towards courting capital-efficient institutional players, offering benefits like a unified account for seamless trading, automatic yield on idle assets, and a theoretical 3.35x increase in leverage. It aims to support complex strategies like delta-neutral trading and arbitrage, potentially improving liquidity and tightening spreads. However, the system amplifies risks inherent in DeFi's lender-of-last-resort absence. Higher efficiency means losses and liquidations can accelerate more quickly. In extreme market conditions, correlated crashes could cause hedges to fail simultaneously, rapidly expanding risk exposure. Furthermore, the liquidation of a large, leveraged unified account could trigger a multi-asset fire sale, potentially creating a cascading liquidation spiral across connected markets and even impacting integrated lending protocols within Hyperliquid's HyperEVM ecosystem. This innovation is a high-stakes gamble on attracting institutions and a severe test for DeFi's resilience.

marsbit12/16 13:20

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?

marsbit12/16 13:20

Fighting Repeatedly, Losing Repeatedly, Where Does Machi's 'Endless Supply of Money' Come From?

Last night, the crypto market witnessed another dramatic liquidation event. Prominent investor Jeffrey Huang (known as "Machi Big Brother") saw his long positions on Hyperliquid get liquidated 10 times in rapid succession. His account balance plummeted from $1.3 million to just over $53,000—wiping out more than $1.25 million. This is not his first major loss. In October 2024, a $79 million ETH long position was liquidated, resulting in a net loss of over $10 million and a $54.5 million profit reversal. Despite these massive losses, Huang repeatedly replenishes his margin, often within days, and continues high-leverage trading, frequently using 15x to 25x leverage. The article explores the source of his seemingly endless capital. It identifies three main layers: 1) Traditional tech exit liquidity from the sale of his shares in 17LIVE; 2) Capital from early, controversial crypto projects like Mithril (MITH) and Cream Finance (CREAM); and 3) A sophisticated NFT liquidity engine where he strategically sells high-value NFTs (like Bored Apes), farms airdrops (e.g., Blur), and uses NFT-backed lending to generate constant streams of ETH and stablecoins. His ability to absorb millions in losses suggests a deep, diversified liquidity reserve, estimated at over $100 million. He further refreshes this capital by launching new token projects, like MACHI on Blast. For ordinary investor, his story is a stark warning about the extreme risks of high-leverage trading and the importance of survival over the pursuit of rapid riches.

marsbit12/16 11:10

Fighting Repeatedly, Losing Repeatedly, Where Does Machi's 'Endless Supply of Money' Come From?

marsbit12/16 11:10

Aster Launches Shield Mode: A High-Performance Trading Protection Mode for On-Chain Traders

Aster, a high-performance on-chain trading platform supported by YZi Labs, has launched Shield Mode, a new protected trading feature integrated directly into Aster Perpetual. This mode is designed for advanced traders, offering up to 1001x leverage, zero slippage, no opening fees, and fully on-chain settlement. It enhances privacy by allowing users to open and manage positions without interacting directly with the public order book, protecting trading strategies from exposure. Shield Mode also eliminates gas costs, accelerates execution, and will soon support flexible fee models: a commission-based structure or a profit-and-loss based fee. All Shield Mode trades are fee-free until the end of the year. This release marks a key step in Aster's vision to become a next-generation platform for professional on-chain trading.

深潮12/15 15:20

Aster Launches Shield Mode: A High-Performance Trading Protection Mode for On-Chain Traders

深潮12/15 15:20

Mars Daily | Pakistan Signs MoU with Binance to Explore Tokenization of Up to $2 Billion in Assets

Pakistan has signed a Memorandum of Understanding (MoU) with Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills, and commodity reserves. The initiative aims to enhance liquidity and attract international investment. Additionally, Pakistani regulators have granted preliminary approval to Binance and HTX to begin local registration and prepare for full exchange licensing. In other news, an on-chain analyst reported that a major Bitcoin whale has increased its leveraged long positions to $540 million in ETH, with total long positions in BTC, ETH, and SOL exceeding $620 million. The whale is currently facing significant unrealized losses. Meanwhile, the Crypto Fear & Greed Index has dropped to 23, re-entering the "Extreme Fear" zone. In corporate developments, Coinbase is reportedly preparing to launch an internal prediction market, initially operated exclusively by Kalshi, and has added Lighter (LIGHTER) to its listing roadmap. Tether has made a binding all-cash offer to acquire a 65.4% stake in Juventus Football Club and plans to invest €1 billion in the club if the deal proceeds. Separately, Nasdaq has received expanded authority to reject IPO applications deemed at risk of market manipulation. Oracle shares fell after announcing a delay in its data center construction timeline, attributed to labor and material shortages.

marsbit12/13 01:33

Mars Daily | Pakistan Signs MoU with Binance to Explore Tokenization of Up to $2 Billion in Assets

marsbit12/13 01:33

Before the Bull Market Returns: Lessons I Learned in the Crypto World with Millions

Investment Lessons from the Crypto Market: A Reflection Before the Bull Run This article shares hard-earned lessons from losing millions in the crypto space, offering a sobering perspective on market behavior and personal psychology. The author begins by distinguishing between investment and speculation, noting that crypto is primarily driven by sentiment and tokenomics, not fundamentals. In bull markets, emotion dictates 60% of pricing, token distribution 30%, and fundamentals only 10%. This makes speculation far more profitable than value investing, which often leads to significant losses as holders refuse to cut losses, hoping for a recovery that never comes. A critical mistake is poor timing and position sizing. The author emphasizes the importance of maximizing risk exposure early in a trend's reversal—when uncertainty is high but odds are favorable—rather than during the euphoric peak when downside risk is severe. Examples from the AI meme season and the BSC rally illustrate how late entries often lead to missed opportunities or forced, high-risk bets. The piece also warns against traditional valuation metrics like P/E ratios and token buybacks, which assume sustainable earnings—a rarity in crypto where few projects survive long-term. Market leaders often change, and entire sectors are disproven. Ultimately, the author concludes that theoretical knowledge isn't enough; true understanding comes from painful, personal experience. The market's cyclical nature means many are doomed to repeat errors, but self-awareness and disciplined strategy are essential for survival and success.

marsbit12/12 13:21

Before the Bull Market Returns: Lessons I Learned in the Crypto World with Millions

marsbit12/12 13:21

Ripple (XRP) Buy Signal Flashes as Funding Rate Plummets Deep into Negative: Will Bulls Step In?

XRP's funding rate on perpetual futures contracts plunged to -20% on Thursday, December 11, its lowest level since the October market crash. This negative funding—where short sellers pay long holders—typically suggests bearish dominance but can sometimes signal a potential bullish reversal. However, despite this classic buy signal, several factors are dampening trader optimism. XRP broke below the $2.00 support level this week, falling 9% over two days. Open interest in XRP futures remained stagnant near $2.8 billion, failing to recover to November's $3.2 billion level. This indicates a lack of new short positions even after XRP dropped 45% from its July high of $3.66. Institutional interest also appears weak. U.S.-listed XRP ETF trading volumes have significantly declined, rarely exceeding $30 million daily. These ETFs hold approximately $3.1 billion in assets under management, slightly less than Solana ETFs. Furthermore, on-chain activity on the XRP Ledger (XRPL) has diminished. Its Total Value Locked (TVL) fell to a 2025 low of $68 million, and Ripple's own stablecoin, Ripple USD (RLUSD), is primarily issued on Ethereum, with only $235 million on XRPL. These factors—coupled with strong competition from chains like BNB and Solana that offer more robust DApp ecosystems and native staking yields—suggest limited short-term upside potential for XRP. The lack of clear mechanisms linking XRPL activity to value accrual for XRP holders further reduces bullish momentum.

cointelegraph_中文12/12 11:02

Ripple (XRP) Buy Signal Flashes as Funding Rate Plummets Deep into Negative: Will Bulls Step In?

cointelegraph_中文12/12 11:02

12.11 Today's Market: Why the Drop? BTC\SOL\ETH\BNB\ASTER\LUNA\AVAX\ENA\FIL Trading Analysis

The cryptocurrency market experienced significant liquidations in the past 24 hours, with 155,332 traders liquidated totaling $514 million. The largest single liquidation occurred on Hyperliquid’s BTC-USD pair at $23.185 million. Market sentiment remains stable, with price movements largely driven by economic data and expectations around interest rate cuts. Key technical levels were highlighted for major cryptocurrencies: - **BTC** is consolidating near the $88,700–$89,000 support zone, with a critical resistance at $92,500. - **SOL** is testing support at $129, with further downside target at $125.3 if broken. - **ETH** faces resistance at $3,338, with key support near $3,130–$3,110. - **BNB** shows weakness, with resistance at $873 and support levels at $861 and $846. Altcoins like SOL, AVAX, and ENA are testing monthly support levels, suggesting potential rebound opportunities, though market sentiment remains cautious. Leverage structure varies across tokens: HYPE, XMR, and ASTER face long-side liquidation risks, while VIRTUAL, FIL, BON, and PEPE may see short squeezes. Notable mentions: - **LUNA** is showing signs of a rebound, but a bearish outlook remains. - **ASTER** is hovering near a psychological support at $0.90; a break below could trigger further decline. - Meme token **BudgyBenguin** saw high volatility but may have completed its correction phase. Three new tokens launched: $CYS (ZK + AI infrastructure), $BTX (music copyright RWA), and $US (SUI ecosystem stablecoin), aiming to capitalize on improving market conditions.

金色财经12/11 07:00

12.11 Today's Market: Why the Drop? BTC\SOL\ETH\BNB\ASTER\LUNA\AVAX\ENA\FIL Trading Analysis

金色财经12/11 07:00

Fed's Wavering Rate Cut Decision, But Bitcoin's 'Fragile Zone' Still Suppresses BTC Price Below $100,000

Despite approving a widely anticipated 0.25% interest rate cut, the U.S. Federal Reserve's hawkish tone and internal policy divisions have limited Bitcoin's upward momentum, keeping its price below the $100,000 mark. According to Glassnode, BTC remains trapped in a structurally fragile range between the short-term cost basis of $102,700 and the realized price of $81,300. Key factors suppressing a breakout include rising unrealized losses—now at $555 million daily, the highest since the FTX collapse—along with weakening on-chain conditions, declining futures market demand, and persistent selling pressure. Long-term holders continue to realize significant profits, while new buyers exhibit caution, further obstructing BTC's ability to reclaim the $95,000–$102,000 resistance zone. Although the current rebound is spot-driven, the lack of leverage expansion and reduced open interest in derivatives suggest the rally may lack sustainability without renewed institutional or speculative momentum.

cointelegraph_中文12/11 06:50

Fed's Wavering Rate Cut Decision, But Bitcoin's 'Fragile Zone' Still Suppresses BTC Price Below $100,000

cointelegraph_中文12/11 06:50

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