liquidity

According to BlockSec Phalcon monitoring, an unknown USDC-OCA liquidity pool on the BSC chain was attacked, resulting in approximately 422,000 USDC being withdrawn.The attacker exploited a deflationary sellOCA() logic vulnerability of the OCA token, which allowed them to remove an equivalent amount of OCA from the liquidity pool each time they called the swap OCA token, artificially raising the token price within the pool.The attack was completed through three transactions: the first executed the attack operation, while the latter two were mainly used to pay additional block builder bribes. The attacker paid a total of approximately 43 BNB plus 69 BNB to 48club-puissant-builder, with an estimated profit of around $340,000. Another transaction in the same block failed at position 52, suspected to have been front-run by the attacker.

10X Research CEO Markus Thielen stated at the Consensus Hong Kong conference: "After the November 2024 election, Bitcoin will rapidly rise from $70,000 to $90,000 in just 10 to 12 days. This process will have very sparse trading activity, creating a huge gap, a liquidity vacuum.So when Bitcoin falls back to $87,000, it will drop into this liquidity trap. What happens next is that at the $75,000 level, a large amount of negative options gamma appears. This means that market makers must hedge and can only keep selling futures. As the final wave of negative gamma shock is digested at $60,000, the market situation may turn around."

QCP Director Elbert Iswara stated in a Money FM 89.3 radio program that the recent significant fluctuations in Bitcoin resemble a liquidity reset rather than a structural collapse. Although the price briefly fell to $60,033, the subsequent rebound indicates that long-term investors and institutional demand still exist.He pointed out that the current Bitcoin trend is mainly influenced by the macroeconomic environment, while factors such as ETF fund outflows, derivative positions, and leverage liquidations have exacerbated the volatility. Iswara suggested that investors pay attention to the key price range of $60,000 to $65,000, ETF fund flows, leverage liquidation situations, and changes in the correlation between Bitcoin and stocks, and believes that Bitcoin should be regarded as a high beta asset for risk management in the short term.

According to official news, Uniswap Labs has partnered with Securitize to provide liquidity support for BlackRock's BUIDL.

According to Techfundingnews, Superset, a unified liquidity execution layer aimed at stablecoins, tokenized deposits, and on-chain foreign exchange, has completed a $4 million seed round of financing. This round of investment was led by 7RIDGE and Exponential Science Capital.Currently, Superset is collaborating with liquidity providers, market makers, stablecoin issuers, aggregators, and wallets to prepare for a larger-scale product launch. When discussing the core challenges that Superset aims to address, the team stated that the stablecoin market is vast and growing rapidly, but is structurally highly fragmented. This is precisely the problem that Superset seeks to solve.

According to on-chain analyst Yu Jin's monitoring, Coinbase has added Aztec (AZTEC) to its listing roadmap, and the project team also announced the specific time for the TGE: February 12 at 3 PM (Beijing time). Aztec conducted a fully on-chain automated token auction last December, with 16,741 addresses participating in the auction sale.Ultimately, 15% of the tokens were sold, raising 19,388 ETH (59.13 million USD). This means an FDV of 490 million USD, with a cost of 0.0473 USD. After the auction, a liquidity pool was established on Uniswap with 4,234.6 ETH (12.91 million USD) and 273 million AZTEC. However, since the tokens cannot be transferred before the TGE, the pool has not been activated yet. Once the TGE synchronously activates this 26 million USD liquidity, AZTEC will become one of the altcoins with the best on-chain depth.

According to the "2026 Skynet Prediction Market Report" released by CertiK, the trading volume of prediction markets is expected to grow to $63.5 billion in 2025, achieving a fourfold increase, with Kalshi, Polymarket, and Opinion becoming the dominant platforms. However, this growth in scale also brings new risks, including oracle vulnerabilities, administrator key abuse, and Web2.5 architecture issues.The report notes that prediction markets have been deemed legal financial products in the U.S. through CFTC rulings, but are banned in several EU countries as unauthorized gambling. Additionally, regulatory differences among U.S. states may further complicate compliance. In December 2025, a security incident involving Polymarket's third-party certification provider exposed centralized failure points in the hybrid Web2/Web3 architecture.The research also estimates that during the peak of airdrops, manual trading volume on some platforms reached 60%, severely distorting liquidity metrics. CertiK predicts that in 2026, prediction markets will see enhanced technical privacy and accelerated institutional adoption, but platforms must simultaneously address issues such as liquidity maintenance, security infrastructure development, and the sustainability of revenue models to achieve long-term growth.

Wintermute stated that Bitcoin briefly fell to $60,000 last Monday, erasing all gains since Trump's election. Spot fund flows show significant structural pressure. The Coinbase premium has consistently been in a discount state throughout the market process, persisting since last December, indicating ongoing selling pressure from the U.S.Internal OTC fund flow data also confirms that U.S. counterparties were the main sellers throughout the week, and this trend has been further amplified by continuous ETF fund redemptions. Over the past few months, AI-related assets have been continuously absorbing available market funds, crowding out the allocation space for other asset classes. The phenomenon where crypto assets underperform when AI-related companies rise and experience amplified declines when they fall can almost entirely be explained by the rotation of funds towards the AI sector.For crypto assets to outperform again, AI trading needs to cool down first. Microsoft's weak earnings report has initiated this process, but it is still far from enough. Last week's market was like a "surrender-style" clearing, with volatility soaring and buying support emerging at $60,000. In an environment where spot trading remains relatively low, leverage has become the dominant factor in price fluctuations.If open interest cannot significantly rebound, it will be difficult for the market to form sustained follow-through on either the long or short side. A true structural recovery requires a return of spot demand, but there is currently almost no evidence of this. We are likely entering a phase of high volatility and choppy price discovery. It will be hard to see sustained upward potential until the Coinbase premium turns positive, ETF fund flows reverse, and basis rates stabilize. Meanwhile, retail attention is being diverted to other asset classes, and market direction seems increasingly dominated by institutional fund flows from ETFs and derivatives channels.

At the "Build and Scale in 2026" themed forum recently held by ChainCatcher in Hong Kong, Spark co-founder Sam MacPherson delivered a keynote speech on "The Growth Engine of DeFi," systematically explaining how Spark builds an integrated solution to address the fragmentation and inefficiency of on-chain capital markets by integrating savings, lending, and institutional-level capital allocation.Sam MacPherson pointed out that the current on-chain capital market still faces challenges of severe fragmentation and low capital utilization efficiency. Spark builds its growth engine through three core products: first, the all-chain savings account Spark Savings, which has managed over $2.75 billion in deposits, providing users with a safe and stable income entry; second, the lending protocol SparkLend, which focuses on blue-chip assets and captures value by reducing external protocol commissions and protocol fees; third, institutional lending in collaboration with the Anchorage custodian, seeking risk-adjusted returns between DeFi, CeFi, and traditional finance.He believes that the next phase of DeFi's growth will rely on integrated protocols that can seamlessly integrate multi-chain liquidity, provide institutional-level risk control, and possess sustainable token economic models. Spark is promoting the evolution of DeFi towards a more efficient and robust direction through its product matrix and ecosystem development.

Jump Trading has reached agreements with Kalshi and Polymarket to provide liquidity on the aforementioned prediction market platforms in exchange for a small equity stake. The agreement between Jump Trading and Kalshi involves a fixed amount of equity, while its stake in Polymarket will grow with the trading capacity it provides in its U.S. operations.Currently, Polymarket is valued at $9 billion, and Kalshi is valued at $11 billion. Jump Trading currently has over 20 employees engaged in prediction market trading, aiming to acquire equity in the two leading prediction markets by providing trading resources.

According to the latest in-depth report by ChainCatcher, as liquidity in the cryptocurrency market continues to be under pressure and the trading activity of native assets declines, an increasing number of exchanges are turning their growth focus towards the on-chainization and derivatives trading of traditional assets such as metals and U.S. stocks. Among them, Gate is gradually demonstrating its platform advantages in this round of "all-asset competition" due to its early establishment of a complete product system and leading trading activity.Data from Coinglass shows that during the recent fluctuations in metal prices, the 24-hour trading volume of Gate's XAUT contracts remained stable in the range of $300 million to $500 million, with trading activity ranking among the top in the world for similar assets. In addition, Gate has maintained a high level of trading stickiness during the downturn in crypto spot markets through methods such as TradFi launch celebrations and trading incentives, with its strategy leaning more towards a "long-term retention" approach to all-asset expansion.ChainCatcher believes that as the industry gradually shifts from the "crypto narrative internal cycle" to a new stage of "global asset on-chain," the core of exchange competition is no longer just the speed of new listings, but rather the ability to find a balance between compliance boundaries, liquidity support, and risk management. From the current progress, Gate is occupying a more advantageous position in this structural shift and is expected to continue amplifying its first-mover advantage in the next stage of the integration of TradFi and the crypto market.

According to Yonhap News Agency, the Korea Fair Trade Commission (FTC) has launched an investigation into the virtual asset exchange Bithumb for allegedly exaggerating its promotions. The FTC has dispatched investigators to Bithumb's headquarters in Gangnam to obtain relevant data.It is reported that the FTC is investigating whether Bithumb's claim in a press release last year that it has "the highest liquidity among domestic virtual asset exchanges" is true. Currently, Upbit ranks first in market share. The FTC is also investigating allegations that Bithumb altered payment terms during a promotional event held at the end of last year. This promotional event aimed to provide subsidies to new users connecting to its API (Application Programming Interface).

Bitcoin falls below $67,000, continuing nearly a week of selling pressure, in sync with the weakness of global risk assets.In the past 24 hours, over $1 billion in liquidations occurred in the crypto market. Data shows that $70,000 is a key liquidity node, with liquidity rapidly thinning below this level. If Bitcoin falls below this level, the liquidation pressure may accelerate the price drop to the $60,000 range. Coinglass's liquidity heatmap indicates that the concentration of long liquidations creates a short-term price magnet effect, alerting traders to potential volatility risks.

According to Jinshi reports, Citic Securities research pointed out that although Walsh mentioned the policy direction of interest rate cuts and balance sheet reduction multiple times in 2025, considering that the liquidity pressure in the U.S. money market eased in January, the current reserve ratio to GDP is still around 10%, and the Fed's assets account for about 20% of GDP, close to pre-pandemic levels.Therefore, overall, the current U.S. financial market environment does not have the conditions for balance sheet reduction.

According to Jin Shi's report, the research report from China International Capital Corporation points out that it is difficult to shake the normalization of balance sheet expansion regardless of who is chosen as the Federal Reserve Chairman. Although the Federal Reserve began expanding its balance sheet last December, and there has been a marginal improvement in liquidity, narrow liquidity remains well below the lower limit of the "ample level," and the dollar liquidity indicators still show a relatively tight state since the pandemic.Under the pressures of debt and financial market stability, the trend of liquidity expansion is likely to be a high-probability event, and there is a possibility of a sustained global asset bull market.

According to Cointelegraph, the "2025 Digital Wealth Report" released by Xapo Bank in Gibraltar shows that the usage pattern of its Bitcoin mortgage loan business is shifting from short-term liquidity to long-term financial planning.The report states that 52% of the Bitcoin mortgage loans issued by the bank in 2025 have a loan term of 365 days, and even as new loans slow down within the year, these long-term loans remain outstanding. The bank's CEO, Seamus Rocca, stated that increased confidence in Bitcoin's long-term prospects is prompting holders to choose borrowing over selling, indicating a shift from short-term speculation to long-term thinking. The report notes that although the pace of loan issuance slowed in the second half of the year, the outstanding loan balance continues to grow, suggesting that borrowers are using loans as a long-term tool.

According to Cointelegraph, U.S. President Trump has nominated Kevin Warsh as the new chairman of the Federal Reserve. Market analysts believe that this nomination sends mixed signals regarding the cryptocurrency market and the liquidity of the dollar.Kraken's global economist Thomas Perfumo stated that Warsh's nomination may indicate that the Federal Reserve will continue its path of interest rate cuts, but it also suggests that broader market liquidity is expected to "stabilize rather than significantly expand." This brings uncertainty to the macro backdrop sensitive to Bitcoin and cryptocurrencies.He also pointed out that investors may be disappointed by Warsh's skeptical stance on balance sheet expansion (such as quantitative easing). Nic Puckrin, co-founder of the educational platform Coin Bureau, analyzed that Warsh's nomination has raised investor concerns about liquidity tightening, which is a major reason for the recent declines in cryptocurrencies, stocks, and precious metals.If Warsh indeed implements a policy of shrinking the balance sheet, the market will have to cope with a reduced liquidity environment, which is unfavorable for risk assets. The market is currently still focused on Warsh's interest rate policy and to what extent he will respond to Trump's push for lower rates.

According to official news, the cross-chain liquidity unified layer Euclid Protocol has announced the completion of a $3.5 million seed round and seed round extension financing, with participation from KuCoin Ventures, Gate Ventures, 0G Labs, ATOM Accelerator, and Kahuna.It is reported that the protocol aims to build a unified global liquidity layer, allowing multiple applications and networks to share liquidity sources across ecosystems.