JUST IN: Ethena Labs confirms that the mint and redeem functionality has remained fully operational throughout with no downtime, and USDe continues to be overcollateralized.
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JUST IN: Coinbase is implementing a fix for transaction issues related to latency or degraded performance.
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JUST IN: Kamino confirms that, despite unprecedented price action, its users incurred a total of $0 bad debt, and the liquidation engine performed exactly as expected.
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JUST IN: Coinglass reports that its website was hit by a large-scale proxy attack earlier today, blocking users from viewing crypto liquidation data.
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JUST IN: Cobie describes the recent plunge in altcoins as one of the most severe flushes he's witnessed, expressing surprise at the extent of leverage involved and suggesting a major player was hit hard, with a potential large fallout emerging soonβreminiscent of summer 2021.
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JUST IN: Hyperliquid generated $20 million in fees over the past 24 hours.
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JUST IN: According to CoinGlass data, over $19 billion worth of crypto liquidations have taken place in the past 24 hours.
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JUST IN: Crypto liquidations on Hyperliquid in the past 24 hours have surpassed $10 billion, according to Coinglass data.
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JUST IN: Coinglass reports that the largest liquidation event in cryptocurrency history occurred today.
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JUST IN: Helius CEO Mert stated that the recent market dump was even greater than the COVID one, yet Solana performed remarkably well.
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JUST IN: Perp DEX Lighter is experiencing an outage in the last hour, caused by a technical issue from extremely high TPS over the past 12 hours. The team is working all hands on deck to fix the problem.
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That feel when you're stuck between "80% of profits are made in the final leg of the cycle" & GCR's tweet about going risk off towards the end of the cycle.
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JUST IN: Wintermute co-founder Yoann Turpin has requested that people stop sending direct messages inquiring about the firm's stability, emphasizing that Wintermute maintains a market neutral position with minimal leverage. He noted that while the venture portfolio is impacted, it carries zero leverage.
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The night everyone will remember
More than 19 billion dollars in positions were liquidated in just a few hours. Altcoins fell 70 to 90 percent across exchanges, liquidity vanished, and even experienced traders were left staring at screens in disbelief.
It was one of the worst nights since the FTX crash. Many lost everything they built over years.
What happened will be remembered for a long time, not for the charts, but for how sudden and cruel it felt.
If you took losses, we feel it with you.
Everyone whoβs been through a crash knows this weight.
But you still have time, life, and another chance ahead.
Money comes back. It always does. What matters now is that you protect your energy, your mind, and your health. Those are the things that rebuild everything else.
One day youβll look back on this moment with a quiet smile, knowing you made it through. For now, just hold on.
The darkest hours always come before the dawn.
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More than 19 billion dollars in positions were liquidated in just a few hours. Altcoins fell 70 to 90 percent across exchanges, liquidity vanished, and even experienced traders were left staring at screens in disbelief.
It was one of the worst nights since the FTX crash. Many lost everything they built over years.
What happened will be remembered for a long time, not for the charts, but for how sudden and cruel it felt.
If you took losses, we feel it with you.
Everyone whoβs been through a crash knows this weight.
But you still have time, life, and another chance ahead.
Money comes back. It always does. What matters now is that you protect your energy, your mind, and your health. Those are the things that rebuild everything else.
One day youβll look back on this moment with a quiet smile, knowing you made it through. For now, just hold on.
The darkest hours always come before the dawn.
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JUST IN: ZEC has risen more than 9% over the past 24 hours, bucking the trend amid the largest liquidation event in crypto history.
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JUST IN: In the past 24 hours, 19 top traders on the Hyperliquid leaderboard have collectively lost over $10 million.
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JUST IN: Binance official He Yi has stated that users who suffered losses due to the company should reach out to customer service to register their cases.
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JUST IN: Polymarket achieved its record highest daily spot volume so far in 2025 on October 10.
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