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SOON Response to Price Flash Crash: Attacker Carefully Orchestrated, Project Team and Liquidity Providers Not Involved in This Event

9 hours ago

On July 10th, SOON issued a statement on the X Platform in response to the coin price flash crash event that occurred on July 5th. The SOON Foundation stated that the attacker carried out simultaneous withdrawals and cross-CEX selling. The highly coordinated nature of their actions suggests that this was a carefully planned operation. At the same time, the attacker took advantage of extremely negative funding rates in contract trades to earn huge profits from short positions. The SOON Foundation clarified that neither the project team nor SOON's official market maker partners, Jump Crypto and Amber Group, participated in any capacity in the July 5th event. It also disclosed the holding addresses of all relevant parties.
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If Bitcoin breaks $114,000, the mainstream CEX cumulative short liquidation pressure will reach $956 million

On July 11th, according to Coinglass data, in the event that Bitcoin breaks through $114,000, the total short liquidation intensity on mainstream CEXs will reach $956 million. Conversely, if Bitcoin drops below $110,000, the total long liquidation intensity on mainstream CEXs will reach $2.4 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the intensity.

2 hours ago

Trader AguilaTrades increased his Bitcoin long position by 20x to $340 million, with a realized profit of over $12.9 million.

On July 11th, as per the monitoring of OnchainLens, trader AguilaTrades has augmented his Bitcoin long position to a leverage of over 20 times on Hyperliquid. He holds 3,000 BTC, which is valued at $340 million, and has achieved a profit of more than $12.9 million. The opening price was $109,000.3, and the liquidation price was $108,422.85.

2 hours ago

Bitcoin Hits New All-Time High, Surpasses $113,000 for the First Time

On July 11th, according to HTX market data, Bitcoin reached another all-time high, exceeding $113,000. It is currently trading at $113,041, indicating a 24-hour increase of 3.3%.

2 hours ago

Texture: Hacker Returns 90% of Stolen Funds

On July 11th, Texture officially announced on the X platform that approximately two hours ago, the hacker had returned 90% of the stolen funds. The team had previously offered a 10% "gray hat bounty," which was now claimed. Texture stated that there would be no further legal actions. Previously, on July 9th, Texture encountered a security vulnerability, leading to the theft of approximately 2.2 million USDC from users.

2 hours ago

Jupiter Mobile will launch v3 in the third quarter

July 11th. According to official information, Jupiter Mobile is scheduled to launch Version 3 in the third quarter.

2 hours ago

Bitcoin Hits All-Time High of $112,792

On July 11th, based on HTX market data, Bitcoin has just reached a brand new all-time high of $112,792 and has now slightly retreated to $112,582, with a 24-hour percentage increase of 2.97%.

2 hours ago

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