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According to the official announcement, Gate will launch the 11th phase of the Flash Exchange Lucky Draw event from March 30 at 18:00 to April 6 at 00:00 (UTC+8). During the event, after signing up, users can initiate a flash exchange transaction with a minimum of only $1, enjoy a zero-fee fast experience, and participate in a lottery to unlock XRP and a cash reward of up to $200.New users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users can earn 1 lottery chance for completing a daily trading volume of $100, and additional lottery chances can be unlocked for trading volumes of $500, $1,000, $5,000, and for every $10,000. Multiple chances can be accumulated in a single day; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, the inviter will receive 1 lottery chance, with a maximum of 10 chances per person.In addition, if a user's flash exchange trading volume reaches 80,000 USDT, they can also participate in sharing a cash reward of up to 200 USDT, with a total prize pool of 20,000 USDT distributed based on trading volume rankings.It is reported that Gate Flash Exchange currently supports over 2,200 types of crypto assets, providing zero fees, fast transactions, and intelligent exchange rate matching services, helping users efficiently complete multi-currency one-click exchanges.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the Venus flash loan attacker transferred 1,743 ETH (approximately 3.78 million USD) to an address starting with 0x7a7 fifty minutes ago.

According to the official announcement, Gate will launch the ninth phase of the Flash Exchange Lucky Draw event from March 16 at 18:00 to March 23 at 00:00 (UTC+8). During the event, after completing registration, users can initiate a flash exchange transaction with a minimum of just $1, enjoy a zero-fee fast experience, and participate in the lottery to unlock FOGO and lucky bag rewards.The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis. During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when transaction volumes reach $100, $500, $1,000, and $5,000; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, the inviter will receive 1 lottery chance, with a maximum of 10 chances per individual.In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in the cash reward activity, with a maximum reward of 200 USDT available, and a total prize pool of 20,000 USDT, distributed based on transaction volume ranking, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, providing zero fees, fast transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

Venus Protocol released a statement regarding the THE market event, stating that this incident was not a flash loan attack, but rather a result of the attacker exploiting a supply cap vulnerability in the old code of the protocol. The team indicated that the attacker had been accumulating THE tokens for about 9 months, gradually establishing a dominant supply position on Venus.The announcement pointed out that the attacker bypassed the normal deposit process by directly transferring THE tokens into the protocol contract, thereby breaking through the supply cap limit of 14.5 million THE. They manipulated DEX prices by taking advantage of the low on-chain liquidity. As the external price was gradually reflected by the TWAP oracle, the attacker borrowed assets (such as CAKE, BNB, etc.) against the inflated collateral value, then bought more THE to drive up the price, and continuously transferred THE into the vTHE market to increase the collateral value. This cycle once pushed the price from about $0.27 to about $0.53, ultimately leaving bad debt in the protocol after the positions were liquidated.Venus stated that it has currently suspended the THE market, reduced its collateral factor to 0, and suspended withdrawals. Additionally, as a precautionary measure, the collateral factors for 8 markets including BCH, LTC, AAVE, POL, FIL, TWT, UNI, and lisUSD have also been reduced to 0. The team and security partners are continuing to investigate and will release a complete post-analysis report in the future.

According to market news, the BNB Chain lending protocol Venus Protocol is suspected of experiencing a flash loan attack, leading to a large-scale liquidation of the related token THE. According to KOL 土澳大师兄, the attacker's wallet currently holds assets worth about 3.6 million USD, having obtained approximately 20 BTC, 1.5 million CAKE, and about 200 BNB.At the same time, the liquidation of THE is still ongoing, with approximately 42 million THE awaiting liquidation, valued at about 14 million USD.

According to the official announcement, Gate will launch Lobster (Lobster) spot trading on March 9 at 16:00 (UTC+8), and Lobster (Lobster) will be available on the instant exchange platform at 17:00 (UTC+8).

According to the official announcement, Gate has launched MANTRA perpetual contract trading (settled in USDT), supporting 1-50x leverage.Gate has added MANTRA unified account lending, isolated margin trading pairs, and simultaneously launched MANTRA idle asset management, flexible collateral lending, and fixed collateral lending features. MANTRA instant exchange, trading bots, copy trading, and dollar-cost averaging functions are all live.

sDOLA LlamaLend suffered a flash loan price manipulation attack, resulting in a loss of approximately $240,000, including 6.74 WETH and 227,325 DOLA.The attacker manipulated the sDOLA price through flash loans and donations, increasing the exchange rate of 1 sDOLA from 1.189 DOLA to 1.353 DOLA. This price fluctuation caused multiple accounts in the crvUSD Controller to have health factors below 0, triggering liquidation conditions. After the attack contract acted as a liquidator and received rewards, it exchanged the funds, repaid the flash loan, and made a profit.

According to the official announcement, Gate will launch the sixth phase of the Flash Exchange Lucky Draw event from February 24, 18:00 to March 2, 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of just $1 after completing registration, with a maximum daily win of 1,000 USDT.During the event, users can unlock multiple lottery chances by completing beginner tasks, trading tasks, and inviting new user tasks. Among them, new users can earn 1 lottery chance by completing their first flash exchange transaction of no less than $10; trading tasks can unlock up to 8 lottery chances in a single day; and invitation tasks can earn up to 10 lottery chances per person. The total prize pool is $60,000.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and smart exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

According to the official announcement, Gate will officially launch the Flash Exchange Spring Reward Program from February 12, 16:00 to February 26, 16:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of just $1, enjoying a zero-fee rapid exchange experience, with a total prize pool of 50,000 USDT. This event features three major benefits:1: New User Flash Exchange Gift. Users who have never used the flash exchange feature since registration can receive a reward of 20 USDT by completing their first flash exchange transaction of ≥ 30 USDT during the event period, with a total prize pool of 10,000 USDT.2: Daily Flash Exchange Check-in. During the event, users who complete a flash exchange transaction of ≥ 100 USDT each day will be considered as having successfully checked in. After the event ends, users will share 20,000 USDT proportionally based on the total number of successful check-in days, with rewards available for those who check in for 3 consecutive days or more.3: Universal Trading Benefits. All users participating in flash exchange transactions can share 20,000 USDT based on their transaction volume proportion, with a maximum of 1,000 USDT per person.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

According to the official announcement, Gate will launch the "Flash Exchange Lucky Draw Phase 4" event from February 2 at 18:00 to February 9 at 00:00 (UTC+8). During the event, users can initiate a flash exchange transaction with a minimum of only $1 after completing registration, allowing them to participate in the daily lottery, with a maximum single win of 100 USDT and a total prize pool of 60,000 USDT.By completing beginner tasks, daily and cumulative flash exchange trading volume tasks, or inviting new users to participate, users can unlock multiple lottery opportunities, with a maximum daily win of 100 USDT. Lottery rewards will be distributed in real-time. In addition, users who achieve a cumulative flash exchange trading volume of 300,000 USDT during the event will receive an additional exclusive reward of 200 USDT, with a total reward pool of 30,000 USDT, available on a first-come, first-served basis, with limited slots.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

OKX Star forwarded a screenshot of Zhao Changpeng's tweet on platform X and stated that he does not like debates because you can never wake up a person pretending to be asleep, but clarifying the facts is crucial:Bitcoin began to decline about 30 minutes before decoupling from the dollar. This confirms the previous point: the initial move caused a market shock. Without the dollar index leverage cycle, the market would likely have stabilized at that time. The chain sell-off was not inevitable; as previously mentioned, they were amplified by structural leverage.Dragonfly has never invested in OKX, whether through small or large investments.There will be no more time spent discussing topics related to the "1011 flash crash"; the facts are clear, and there is no desire for lengthy debates.

Binance co-CEO He Yi responded on social media to comments from OKX CEO and Wintermute founder regarding the crypto flash crash on October 11: "The whales trading on Binance are more aware of what happened when the tide recedes and have more authority on the facts. PS: I found out this morning that it wasn't a sunny day, it must be because of Binance."Previously, OKX CEO Star stated: "The crypto flash crash on October 11 was caused by Binance's irresponsible USDe financial activities." Wintermute founder remarked: "The crypto flash crash on October 11 was clearly not a 'software failure'; it is unreasonable to place all the blame on one exchange."

Wintermute founder wishful cynic stated on the X platform, "I really wish public figures would be more careful with their wording. 10/10 is clearly not a 'software glitch,' but rather a flash crash that occurred in a high-leverage market influenced by macroeconomic news under conditions of low liquidity on Friday night. Since we're on this topic, I understand that no one likes being in a bear market, watching all assets except cryptocurrencies rise. It's certainly comfortable to find a scapegoat, but placing all the blame on one exchange is rather dishonest."This morning, Binance released a report on the "1011" market flash crash, admitting to two technical failures, but stating they were not the main cause of the decline. Subsequently, OKX CEO accused Binance's marketing activities of triggering the October cryptocurrency market flash crash.

OKX CEO Star posted on the X platform, stating, "The events of October 10 were caused by irresponsible marketing activities from certain companies. Hundreds of billions of dollars were liquidated. Many industry participants believe that the damage is more severe than the FTX collapse. The root cause is not difficult to identify.What actually happenedBinance launched a temporary user yield program, offering a 12% annualized yield on USDe, while allowing USDe to be used as collateral, enjoying the same treatment as USDT and USDC, with no effective restrictions.Binance users were encouraged to convert USDT and USDC into USDe for substantial returns, but there was insufficient emphasis on the potential risks. From the user's perspective, trading with USDe was no different from using traditional stablecoins—yet the actual risk situation was significantly higher.As users took the following actions, the risks escalated further: • Converting USDT/USDC to USDe • Using USDe as collateral to borrow USDT • Converting the borrowed USDT back to USDe • And repeating this cycleThis leverage cycle generated artificial annualized yields of 24%, 36%, or even 70%+, simply because they were widely regarded as "low risk" due to being offered by major platforms. Systemic risk rapidly accumulated in the global crypto market.At that time, even a small market shock was enough to trigger a collapse. When volatility hit, USDe quickly decoupled. This was followed by a chain of liquidations, and the risk management weaknesses surrounding assets like WETH and BNSOL further amplified the crash. Some tokens traded close to zero prices at one point. Global users and companies (including OKX clients) suffered significant losses, and recovery will take time."

Binance released a review report on the market flash crash event, stating that the main driving factors of market turbulence include macroeconomic shocks, risk control mechanisms of market makers, and congestion on the Ethereum network. Individual issues on the platform were not the cause of this market flash crash.The three tokens widely mentioned as decoupled (USDe, BNSOL, WBETH) experienced their decoupling at 05:36 (UTC+8), later than the time window of the most severe market fluctuations from 05:10 to 05:20 (UTC+8), and approximately 75% of liquidations had already occurred before the decoupling of these three tokens on that day. The main driving factor of this event was the overall risk-averse sentiment in the market and the chain reaction triggered by liquidations, rather than individual anomalies on the platform.Throughout the process, Binance's core matching engine, risk verification, and liquidation systems remained stable and did not experience interruptions. In the report, Binance acknowledged two technical failures that occurred on that day: first, during the period from 05:18 to 05:25 (UTC+8), during a concentrated market sell-off, the asset transfer subsystem of Binance experienced a performance degradation of about 33 minutes, affecting some users' ability to transfer funds between spot, wealth management, and contract accounts. The matching, risk control, and liquidation systems continued to operate normally, and individual users seeing their balances displayed as "0" was a front-end display issue, not a loss of assets; second, from 05:36 to 06:15 (UTC+8), under conditions of a significant drop in market order book depth, on-chain congestion, and slowed cross-platform rebalancing, the indices for USDe, WBETH, and BNSOL showed abnormal deviations. The report stated that during times of thin liquidity and slowed cross-platform capital flow, the price fluctuations within the platform accounted for an excessively high proportion in the index calculation.

According to official news, MEXC Innovation Zone will launch Infinex (INX) on January 31, 2026, at 03:00 (UTC+8) and open the INX/USDT and INX/USDC trading markets.On the same day at 03:10 (UTC+8), the INX U standard contract will be launched, supporting 1-20x leverage. In addition, this cryptocurrency will also be available on MEXC's instant exchange feature, allowing for seamless and real-time exchanges with other assets.

According to the official announcement, Gate will launch the "Flash Exchange × Dollar-Cost Averaging Joint Investment Season" event from January 29, 16:00 to February 12, 16:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoying a 0 fee and rapid transaction experience. By completing specified flash exchange and dollar-cost averaging tasks, users can participate in sharing a prize pool of 37,500 USDT.In addition, Gate's one-stop entry for flash exchange and dollar-cost averaging has been launched simultaneously, allowing users to complete buying, exchanging, and dollar-cost averaging operations on a single page. Users can quickly flash exchange to seize market opportunities or flexibly configure their dollar-cost averaging plans for more efficient and freer asset management. The interface is simple, and the operation has a low threshold, helping users easily start a new way of investing in digital assets.It is reported that Gate's flash exchange currently supports over 2,200 types of cryptocurrency assets, providing 0 fees, rapid transactions, and intelligent exchange rate matching services, enabling users to easily complete one-click exchanges among multiple currencies.