CoinRank

Oct 10th Bug Wiped 2M Accounts – Stablecoin crash ($1→$0.65) triggered auto-liquidations, crippling market makers

Week 6 of 8-Week Recovery – Damaged market makers shrink operations, forcing Bitcoin’s $125K→$82K collapse

Fed Cuts Won’t Save Market – 87% rate cut odds insufficient; fragmented liquidity and 2024 crises need stronger catalysts

 

HAS THE FED’S RATE CUT DECISION BECOME BITCOIN’S FINAL STRAW?

 

The Federal Reserve has emerged as the sole catalyst for a potential cryptocurrency market rebound in recent weeks, with investors anxiously awaiting signals of an interest rate cut that could halt Bitcoin’s slide. However, the Fed’s mixed messaging—alternating between dovish and hawkic rhetoric—has further drained liquidity from a market still reeling from the October 11th crash, with Bitcoin struggling below $82,000.

 

Despite this uncertainty, Polymarket’s probability forecast shows strong conviction: an 87% likelihood of a 25 basis point rate cut in December, suggesting the market remains confident that monetary easing is on the horizon to rescue Bitcoin from further downside.

 

A YEAR OF CRISIS: WHY CRYPTO SENTIMENT REMAINS BEARISH DESPITE FED OPTIMISM

 

Despite the market’s recent performance suggesting that the Federal Reserve’s anticipated rate cuts have already been priced into the current rebound, crypto market sentiment remains deeply pessimistic.

 

This year alone has witnessed multiple mass liquidation events, each setting new historical records for liquidated capital. Market liquidity has become increasingly fragmented across emerging narratives—from the stablecoin sector to the perpetual DEX (perp DEX) boom—spreading capital thinner than ever. Meanwhile, a relentless wave of institutional rug pulls and catastrophic events has battered investor confidence:

 

River Points channel closure: PTS token prices collapsed over 50% overnight

 

YU Stablecoin: Project abandoned, opting for liquidation over Token Generation Event (TGE)

 

Exchange hacks: Major security breaches at Bybit and Upbit

 

Tariff policy shocks: Trade policy announcements triggering sharp price crashes

 

readmore:Crypto Security Wake-Up Call: Bybit Hit by $140 Million Large-Scale Hack

 

readmore:Trump’s Tariff Storm Rocks Crypto Markets: What August 2025 Holds for Digital Assets

 

Each incident represents a severe stress test for the crypto market. What’s becoming increasingly clear is that despite institutional capital flowing into BTC, ETH, SOL, and various stablecoins as reserve assets over the past two years, this emerging market cannot withstand repeated liquidation cascades and unexpected black swan events. Eventually, the fuel runs out.

 

 

WHY THE FED ALONE CAN’T SAVE THIS MARKET

 

Bullish catalysts can certainly drive upward momentum—but the magnitude of that momentum depends on three critical factors: market liquidity, community consensus, and robust market infrastructure. All three are essential, and currently, all three are weakened.

 

Therefore, I believe the Federal Reserve’s impact on crypto markets will be minimal unless accompanied by significantly stronger positive catalysts capable of restoring investor confidence in the current market cycle.

 

 

 

 

 

Image source:https://polymarket.com/event/fed-decision-in-december

 

TOM LEE, THE FORTUNE TELLER, REVEALS SOME SHOCKING INSIDE STORIES!

 

The crypto market has been struggling since October 10th due to what Tom Lee describes as a catastrophic liquidation event triggered by a coding flaw. On that date, a stablecoin’s price on a specific exchange dropped to $0.65 (despite stablecoins being designed to maintain $1.00) due to internal liquidity issues. This price deviation triggered automatic deleveraging (ADL) mechanisms—essentially automated margin calls—that cascaded across the platform.

 

The result was devastating: nearly 2 million crypto accounts were liquidated, even though minutes earlier these accounts were profitable. The error occurred because the exchange’s ADL system relied on internal price quotes rather than pulling data from multiple exchanges—a coding mistake Lee compares to historical market failures like 1987’s portfolio insurance or 2008’s subprime mortgage crisis.

 

Market Makers Crippled: Why Recovery Could Take 8 Weeks

 

The October 10th event severely damaged market makers, who Lee describes as “essentially the central bank of crypto” by providing critical liquidity. With holes blown in their balance sheets, these market makers must now:

 

Reduce their trading activity reflexively Shrink their balance sheets to meet capital requirements Conduct further selling when prices fall, creating a negative feedback loop

 

Lee notes that in 2022’s similar liquidation crisis, it took 8 weeks for the market to fully flush out the damage. We’re currently only 6 weeks into the current crisis, suggesting further weakness ahead. As trading volumes drop and crypto prices drift lower, weakened market makers lack the capital to stabilize the market—explaining Bitcoin’s decline from $125,000 in early October to $86,000 by late November.

 

Lee emphasizes that excessive leverage remains crypto’s Achilles heel, warning investors to avoid overleveraging in this structurally vulnerable environment.

 

 

Image source:https://www.youtube.com/watch?v=oVHBSwN0b1Q

 

CONCLUSION: NAVIGATING THE PERFECT STORM

 

The crypto market faces a rare confluence of crises that Federal Reserve rate cuts cannot solve alone. Tom Lee’s October 10th analysis reveals the core problem: a coding error liquidated 2 million accounts, crippling the market makers who provide essential liquidity. With two weeks remaining in an 8-week recovery cycle, Bitcoin’s collapse from $125,000 to $82,000 reflects ongoing structural damage, not just bearish sentiment.

 

Despite 87% odds of a December rate cut, the market suffers from fragmented liquidity, compromised infrastructure, and exhausted investor confidence after a year of cascading crises. The lesson from 2022’s similar liquidation event is clear: recovery takes time, and leverage accelerates destruction.

 

Investors should reduce risk exposure, avoid overleveraging, and prepare for continued volatility. The market needs more than monetary easing—it needs rebuilt trust, restored liquidity, and structural repairs that won’t arrive before this crisis cycle ends.

 

〈Bitcoin Crashes Below $82K — Is This Just the Beginning?〉這篇文章最早發佈於《CoinRank》。

According to #Lookonchain, a whale address sold 500 BTC (worth around $45.37 million) about 9 hours ago, realizing a loss of more than $10.5 million.
The whale had previously attempted to “buy the dip” on October 14, withdrawing 500 BTC (around $55.95 million) from Binance at an average purchase price of $111,899. However, BTC continued to decline afterward, eventually falling below $81,000.

According to #Cointelegraph, #Ethereum advocate Anthony Sassano said in an interview that Ethereum’s gas limit could increase by more than three times next year. Some core Ethereum developers are even discussing the possibility of raising the gas limit by five times within the next year.

#Sassano explained that developers could achieve this by rebalancing transaction costs—reducing the cost of certain activities on Ethereum while increasing others. “For example, the cost of a native ETH transfer could be reduced from 21,000 gas to 6,000 gas, a reduction of more than 70%, while keeping the gas limit unchanged,” he noted.

These markets are naturally vulnerable to manipulation, fraud, or insider trading. There are now suspicions that a Google @Google insider may have leaked the release window for Gemini 3.0 Flash, as multiple accounts placed highly accurate bets within the same narrow time frame.

According to monitoring by PolyBeats, traders in the prediction market for “Will Gemini 3.0 Flash be released before _ ?” displayed an unusually synchronized pattern. Several participants precisely targeted the same 16-day release window, with striking consistency in their trading behavior.

11/23 - 11/29 | This Week's Top Events: What Did You Miss?

Market Weekend Recap

Here's a quick look at the key headlines from this weekend

Binance has announced in its latest changelog that the Spot (SPOT) Testnet will undergo a system upgrade starting 10:00 AM on December 1, 2025.

The key update: the parameters symbol and symbols will now support UTF-8 encoded Unicode characters.

The exchange also emphasized that this change applies only to the Spot Testnet and does not reflect the exact update schedule of the main trading platform.

On November 28, the Democratic members of the U.S. House Judiciary Committee released a report alleging that President Trump and his family accumulated over $800 million in profits from cryptocurrency projects in the first half of 2025, boosting their total assets to $11.6 billion.

The report accuses Trump of colluding with foreign interests and corporate allies, dismantling regulatory bodies, interfering with investigations, and pardoning key financial backers — actions described as severe corruption and conflicts of interest.

#Trump #CryptoNews

RSI is a powerful tool for identifying market trends and potential reversals in crypto trading.

 

Use RSI in combination with other indicators and strategies to optimize your trading decisions.

Learn how to effectively use the Relative Strength Index (RSI) in the crypto market, from basic concepts to advanced strategies, to enhance your trading performance and make more informed decisions in a volatile environment.

 

INTRODUCTION

 

The Relative Strength Index (RSI) is one of the most widely used technical indicators in financial markets, offering traders insights into potential market trends and reversals. Originally developed for traditional stock markets, RSI has found significant relevance in the fast-paced and volatile world of cryptocurrency trading. This article aims to provide an in-depth understanding of RSI, explaining its basics, advanced strategies, and practical applications in the crypto trading world.

 

(Source: CoinRank)

HISTORY AND DEVELOPMENT OF RSI

 

📌 The Origin Of The Relative Strength Index

 

The Relative Strength Index was developed by J. Welles Wilder, Jr. and introduced to the public in 1978 through his book “New Concepts in Technical Trading Systems.” Wilder created the RSI to measure the speed and change of price movements, offering traders a means to identify overbought and oversold conditions in a market. Initially, RSI was primarily used in traditional stock markets.

 

📌 Evolution Of RSI In Crypto Trading

 

As cryptocurrency markets emerged and evolved, the RSI was quickly adopted by crypto traders due to its versatility and effectiveness. While the basic principles remain the same, the volatility of the crypto market has led to some adaptations in how RSI is applied. Traders often tweak the settings or use RSI in combination with other indicators to better navigate the unique challenges of crypto trading.

 

>>> More to read: What is MACD? How It Works in Crypto Trading

UNDERSTANDING RSI: THE BASICS

 

📌 RSI Formula And Calculation

 

At its core, the RSI is a momentum oscillator that calculates the speed and change of price movements. The RSI formula is as follows:

 

RSI = 100 − (100 / (1 + RS))

 

Where RS (Relative Strength) is the average of ‘n’ days’ up closes divided by the average of ‘n’ days’ down closes. Typically, the standard ‘n’ is 14, meaning the RSI is calculated over a 14-period timeframe. For example, if a cryptocurrency has closed higher seven times and lower seven times over the past 14 days, the RSI would provide a value that indicates whether the asset is overbought, oversold, or in neutral territory.

📌 Overbought And Oversold Conditions

RSI is primarily used to identify overbought and oversold conditions in an asset. When the RSI value is above 70, the asset is considered overbought, suggesting it might be overvalued and due for a price correction. Conversely, when the RSI is below 30, the asset is considered oversold, indicating it might be undervalued and due for a price increase.

 

(Source: CoinRank)

📌 Interpreting RSI Readings

 

✅ Understanding the 0-100 Scale

RSI readings range from 0 to 100. A reading above 70 suggests that the asset is overbought, and a reading below 30 suggests it is oversold. The 50 level is often seen as a neutral point where the market is neither overbought nor oversold. Traders use these levels to gauge potential entry and exit points in the market.

 

 

✅ Divergence Analysis

Divergence occurs when the price of an asset moves in the opposite direction of the RSI. There are two types of divergence: bullish and bearish. A bullish divergence happens when the price makes a new low, but the RSI makes a higher low, indicating a potential upward reversal. Conversely, a bearish divergence occurs when the price makes a new high, but the RSI makes a lower high, signaling a possible downward reversal. Divergence is a powerful tool in crypto trading, helping traders identify potential trend reversals.

>>> More to read: What is Moving Average (MA)? How Does It Work

APPLYING RSI TO CRYPTO TRADING

🚩 Identifying Trend Reversals

 

One of the most common uses of RSI in crypto trading is to identify potential trend reversals. When RSI indicates that an asset is overbought or oversold, it suggests that a price reversal may be imminent. For example, if Bitcoin’s RSI climbs above 70, it could indicate that the asset is overbought and due for a pullback. Traders can use this information to time their entries and exits more effectively.

🚩 Confirming Trends with RSI

 

RSI is also useful for confirming trends. By combining RSI with other technical indicators, such as moving averages, traders can confirm the strength and direction of a trend. For instance, if RSI is above 50 and the price is above a key moving average, it can confirm the bullish trend, making it a more reliable signal for entering long positions.

🚩 RSI Settings For Crypto Trading

 

▶ Default RSI Settings

The default setting for RSI is 14 periods, which is the most commonly used setting across different financial markets, including cryptocurrencies. This setting smoothens out short-term price fluctuations, providing a clearer view of the overall market trend.

 

▶ Customizing RSI for Volatile Markets

Given the high volatility of the cryptocurrency markets, some traders prefer to customize the RSI settings. For instance, a shorter period RSI (e.g., 7 periods) might provide more responsive signals in a fast-moving market, while a longer period RSI (e.g., 21 periods) might filter out noise and provide more reliable signals in a less volatile market. Experimenting with different settings can help traders find the RSI configuration that best suits their trading style and market conditions.

 

(Source: Coinglass – Crypto Market RSI Heatmap)

 

ADVANCED RSI STRATEGIES

 

1️⃣ Using RSI with Moving Averages

 

▶ Identifying Trend Reversals

Combining RSI with moving averages is a common strategy among crypto traders. Moving averages help identify the direction of the trend, while RSI provides information about the strength of that trend. For example, if the price of Ethereum is above its 50-day moving average and RSI is above 50, it suggests a strong bullish trend. This combination can be used to confirm entry points and avoid false signals.

 

 

▶ RSI and MACD

The Moving Average Convergence Divergence (MACD) is another popular indicator that can be combined with RSI. While RSI measures momentum, MACD shows the relationship between two moving averages of an asset’s price. Using these two indicators together can provide a more comprehensive view of the market. For example, a bullish MACD crossover combined with an RSI reading above 50 can be a strong signal to buy.

2️⃣ RSI In Different Time Frames

 

▶ Short-Term vs. Long-Term RSI

RSI can be applied to different time frames, each offering unique insights. In short-term trading (e.g., hourly charts), RSI can help identify quick entry and exit points based on short-term overbought and oversold conditions. In long-term trading (e.g., daily or weekly charts), RSI can be used to identify more significant trend reversals or continuations. Each time frame has its advantages and disadvantages, and the choice of time frame depends on the trader’s strategy and risk tolerance.

 

 

▶ Multi-Time Frame RSI Analysis

Multi-time frame analysis involves looking at RSI across different time frames to get a more comprehensive view of the market. For example, a trader might look for alignment between the RSI on the daily, weekly, and monthly charts to confirm a trend’s strength or potential reversal. This approach can help traders avoid false signals and make more informed trading decisions.

 

>>> More to read: What are Bollinger Bands & How to Use Them

COMMON MISTAKES & HOW TO AVOID THEM

✅ Common Pitfalls When Using RSI

 

▶ Over-Reliance on RSI

One of the most common mistakes traders make is relying solely on RSI for their trading decisions. While RSI is a powerful tool, it should not be used in isolation. Over-reliance on RSI can lead to missed opportunities or false signals, especially in highly volatile markets like cryptocurrencies. It’s essential to use RSI in conjunction with other indicators and fundamental analysis to make well-rounded trading decisions.

 

▶ Ignoring Market Conditions

RSI readings can be affected by overall market conditions. For example, during a strong bull market, RSI may remain in the overbought zone for extended periods, and selling solely based on RSI could result in missed profits. Conversely, in a bear market, RSI may remain oversold for longer than usual. Understanding the broader market context is crucial when interpreting RSI signals.

✅ Best Practices For RSI Use

 

▶ Combining RSI with Fundamental Analysis

While RSI is a technical indicator, it’s important not to ignore fundamental analysis when using it. Fundamental factors such as news events, regulatory changes, or technological advancements can significantly impact the price of a cryptocurrency, sometimes rendering RSI signals less reliable. By combining RSI with fundamental analysis, traders can better assess the overall market environment and make more informed decisions.

 

▶Continual Learning and Adaptation

The crypto market is constantly evolving, and so should your trading strategies. Continually refining your RSI strategies, adapting to changing market conditions, and staying informed about new developments are essential practices for successful trading. Resources like trading courses, webinars, and market analysis tools can help traders keep their skills sharp and adapt to the ever-changing landscape of cryptocurrency trading.

 

>>> More to read: Crypto Beginner’s Guide | What, Why, Where, When, Who

REAL-WORLD EXAMPLES OF RSI IN CRYPTO TRADING

 

✏️ Case Study 1: Bitcoin RSI Analysis

 

Let’s look at a real-world example of how RSI was used to make profitable trades with Bitcoin. During a significant bull run, Bitcoin’s RSI consistently hovered around the overbought territory, signaling potential pullbacks. By paying attention to RSI, traders were able to time their exits before major corrections, preserving their profits.

✏️ Case Study 2: Ethereum RSI Analysis

 

Similarly, Ethereum traders have used RSI to identify oversold conditions during market dips. In one instance, when Ethereum’s RSI dropped below 30, it indicated an oversold condition. Traders who recognized this signal were able to enter the market at a low point, leading to substantial gains when the market rebounded.

CONCLUSION

 

In conclusion, the Relative Strength Index is a powerful tool for crypto traders, offering valuable insights into market momentum and potential trend reversals. However, like any tool, it is most effective when used as part of a broader trading strategy that includes other technical indicators and fundamental analysis. By understanding the basics, exploring advanced strategies, and learning from real-world examples, traders can use RSI to enhance their trading performance and make more informed decisions in the volatile world of cryptocurrency trading.

 

 

>> Also read:

5 Indicators for Crypto Market Analysis and Where to Find Them

 

How Are Crypto Assets Taxed? A Country-by-Country Overview

 

 

 

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Looking for the latest scoop and cool insights from CoinRank? Hit up our Twitter and stay in the loop with all our fresh stories!

〈What is RSI? How Do You Use It in the Crypto Market?〉這篇文章最早發佈於《CoinRank》。

Impermanent Loss happens when the price ratio of deposited assets changes, causing LPs to earn less than simply holding their tokens.It’s not always permanent—unless withdrawn during imbalance.

 

Liquidity fees, incentives, or high trading volume may offset losses, but volatile asset pairs significantly increase risk. Not all pools are profitable, even if token amounts increase.

 

LP strategy depends on pool design, market volatility, and protocol maturity. Stablecoin pairs, concentrated liquidity, or single-sided pools can help reduce Impermanent Loss exposure.

Impermanent Loss occurs when the value of assets in a liquidity pool grows less than simply holding them. This guide explains how it happens, risks, examples, and how LPs can reduce exposure.

 

WHAT IS IMPERMANENT LOSS?

 

In the DeFi space, many people hear “LPs earn trading fees” and immediately start depositing assets into liquidity pools. But when it’s time to withdraw, they’re often surprised to discover something counterintuitive—

even if the token amount has increased, the total USD value may be lower than simply holding those assets.

That gap is what we call Impermanent Loss.

📌 How Does Impermanent Loss Happen?

 

When you deposit two assets (for example, ETH and USDT) into an AMM liquidity pool such as Uniswap, Curve, or PancakeSwap, the system redistributes those assets based on a fixed ratio to support trading.

 

As soon as the price ratio between the assets changes compared to when you entered the pool, a value discrepancy forms.

 

And generally:

 

➡️ The bigger the price divergence → the greater the Impermanent Loss

➡️ The more volatile the pair → the more risky it is for inexperienced LPs

 

In simple terms:
with the same two assets, holding them may outperform providing liquidity.

📌 Which Pools Are Considered Safer?

 

Pairs with minimal price fluctuation or assets that are pegged tend to have lower Impermanent Loss risk, such as:

 

USDT / USDC

ETH / WETH

wBTC / BTC

 

These assets move closely together, leaving less room for price divergence.

 

However, don’t get overly confident—even stablecoins can depeg.

For example, in 2023, USDC temporarily dropped to 0.88 USD, creating sudden risk for LPs holding “safe” pools.

📌 So Why Do People Still Provide Liquidity?

 

Because the rewards can sometimes outpace Impermanent Loss.

 

Liquidity providers may earn:

 

Trading fees

Token incentives (Liquidity Mining)

Points or airdrop rewards (common in newer protocols)

 

On platforms like Uniswap, fees from every transaction go directly to LPs.
So if a pool has high trading volume and strong fee revenue:

 

✔ Fees > Impermanent Loss → LPs profit
✖ Fees < Impermanent Loss → LPs lose despite participating

 

The outcome depends on volatility, pool design, incentives, and market conditions.

🧩 Takeaway

 

Impermanent Loss isn’t a glitch or a scam—it’s a built-in mechanism of AMM-based liquidity provision.

 

📍 Price volatility → creates Impermanent Loss
📍 High trading volume → potential fee compensation
📍 Stable assets → lower risk but often lower returns

 

So, providing liquidity isn’t just “passive yield”—it’s a strategic balance between risk, volatility, fees, and reward.

 

>>> More to read: What is Yield Farming?

WHY DOES IMPERMANENT LOSS HAPPEN?

 

To understand Impermanent Loss, it’s easiest to walk through a real example and see how it forms when market prices move.

 

Let’s say coinrank decides to become a liquidity provider and deposits 1 ETH and 100 USDC into an AMM (Automated Market Maker) liquidity pool.

In this type of system, assets must be deposited in equal value at the time of entry.

 

In this case:

📌 1 ETH = 100 USDC
📌 So coinrank’s initial deposit is worth 200 USD

 

The entire pool contains 10 ETH and 1,000 USDC, contributed by multiple LPs including coinrank.

This means the total pool value is:

 

➡️ 10 ETH valued at 1,000 USDC + 1,000 USDC = 2,000 USD

 

Since coinrank deposited 200 USD, he owns 10% of the pool.

 

📌 Market Shift: ETH Price Rises

 

Now imagine ETH’s price increases from 100 USDC → 400 USDC.

 

At this point, arbitrage traders will step in because the pool’s internal price no longer matches the real market. To realign it, traders will:

 

Add USDC to the pool

Remove ETH (which is now relatively undervalued inside the AMM)

 

Since AMMs operate using the constant product formula (x × y = k), the reserves adjust until the correct price ratio is reached. After arbitrage activity is complete, the pool may now contain roughly:

 

➡️ 5 ETH and 2,000 USDC

📌 coinrank Withdraws His Share

 

coinrank still owns 10% of the pool, so if he withdraws now, he receives:

 

0.5 ETH

200 USDC

 

With ETH now worth 400 USDC, the withdrawal value equals:

 

➡️ 0.5 ETH (worth 200 USDC) + 200 USDC = 400 USD

 

That looks like a huge improvement from the original 200 USD deposit — a 100% gain.

 

But let’s compare this with the alternative scenario:

 

📌 What If coinrank Never Provided Liquidity?

 

If he simply held his original assets outside the pool:

 

1 ETH is now worth 400 USDC

Plus the original 100 USDC

 

➡️ Total value: 500 USD

 

So:

✔ As a liquidity provider → 400 USD
✔ Just holding assets → 500 USD

 

coinrank would have earned more by doing nothing, and this difference — the missing 100 USD — represents Impermanent Loss.

📌 Why is it Called “Impermanent”?

 

Because the loss only exists as long as the token price ratio remains altered.

 

If prices return to their original state, the loss disappears.

However, if the price never returns — and especially when assets trend strongly in one direction — that loss becomes real and permanent at withdrawal.

📍 But Fees Can Change the Outcome

 

This example doesn’t include trading fees.

During the time coinrank provided liquidity, he could have earned:

 

Trading fees

Liquidity mining rewards

Tokens or points (common in newer protocols)

 

In some pools — especially high-volume ones — these earnings can:

 

✔ Offset Impermanent Loss
✔ Or even exceed asset appreciation from holding

 

But in volatile pools, low volume conditions, or major price swings, Impermanent Loss can become substantial — sometimes large enough to wipe out a significant portion of the initial deposit.

 

>>> More to read: What is Yield Farming?

RISKS OF PROVIDING LIQUIDITY TO AN AMM

 

The term Impermanent Loss can sometimes feel misleading. The word “impermanent” suggests that the loss isn’t final as long as your assets remain in the pool — and technically, that’s true. If market prices eventually return to the same ratio as when you deposited, the loss can disappear.

 

However, once you withdraw your assets, any loss becomes real and permanent.

 

While trading fees earned during the liquidity-providing period may offset or even outweigh this loss, it’s important to understand the risk before committing capital. If you’re depositing a large amount for the first time, caution is essential — starting with a smaller position gives you time to observe performance, fee generation, and market conditions before scaling.

 

Asset volatility also matters.

Pairs with high price fluctuations generally carry a higher risk of Impermanent Loss.

 

Finally, consider the reliability and maturity of the AMM protocol.

Because DeFi systems can be forked, modified, or deployed quickly, new or unaudited AMMs may contain vulnerabilities — and in the worst cases, funds can become inaccessible. Pools promising unusually high returns may carry additional hidden risks, so approach them carefully.

📌 Reducing Risk

 

Modern AMM designs offer features like concentrated liquidity or stablecoin-optimized pools, both of which can help reduce Impermanent Loss.
Some platforms are also experimenting with single-sided liquidity, allowing users to provide one asset instead of a 50/50 pair.

 

Exploring these newer mechanisms may help liquidity providers limit common risks while still accessing potential rewards.

 

>>> More to read: What is AMM & How Does It Work?

✏️ Summary

 

Impermanent Loss is a core concept anyone must understand before providing liquidity to an AMM.

if the price of the assets you deposited changes relative to each other after your deposit, you may experience Impermanent Loss.

 

It doesn’t make liquidity provision inherently bad — but it does mean LPs should be aware, intentional, and strategic before committing capital.

 

 

 

 

ꚰ CoinRank x Bitget – Sign up & Trade!

Looking for the latest scoop and cool insights from CoinRank? Hit up our Twitter and stay in the loop with all our fresh stories!

〈What is Impermanent Loss in Crypto? A Beginner Guide〉這篇文章最早發佈於《CoinRank》。

China News Weekly reports that Qian Zhimin purchased a total of 195,000 BTC, far exceeding the 61,000 BTC identified by police. This leaves over 120,000 BTC unaccounted for, suggesting a large portion of his crypto assets may still be undiscovered or unconfiscated.
London Metropolitan Police detective Joe Lane also revealed that Qian claimed he “lost the password” to a wallet containing 20,000 BTC — worth roughly 12.5 billion RMB at current prices.

Only 11 public blockchains generated over $100,000 in revenue in the past 7 days.

The “October 11th Insider Whale” has closed its long positions of 15,000 ETH in batches, profiting $846,000.

Arthur Hayes: Price Discovery for Major US Tech Stocks and Indices Expected to Occur in the Perpetual Contract Market

Only 11 public blockchains generated over $100,000 in revenue in the past 7 days.

 

According to Nansen data, only 11 public blockchains generated over $100,000 in revenue in the past 7 days. The top 6 are Tron, Ethereum, Solana, BNB, Bitcoin, and Base. They account for over 95% of on-chain user spending. The vast majority of the remaining public blockchains have low activity, with some generating near-zero revenue.

 

The “October 11th Insider Whale” has closed its long positions of 15,000 ETH in batches, profiting $846,000.

 

The “October 11th Short Insider Whale” has closed its long positions. It just closed its long positions of 15,000 ETH ($45.32 million) in batches, ultimately profiting $846,000.

 

Ultimately, the long position lasted less than four days before ending in profit. As of now, only the BTC long position from November 8th is currently showing a loss; all others are profitable, with the account accumulating a profit of $101 million.

 

Arthur Hayes: Price Discovery for Major US Tech Stocks and Indices Expected to Occur in the Perpetual Contract Market

 

BitMEX co-founder Arthur Hayes published an article today titled “Survival of the Fittest: How Perpetual Contracts Are Disrupting Traditional Finance,” pointing out that traditional finance (TradFi) is desperately trying to maintain its dominance in stock trading. It will be very interesting to observe how they respond to the rapid market acceptance of stock index perpetual contracts. The first perpetual contract sector to dominate the market will be offshore trading of US stock price risk. US stocks, and all stocks, will eventually be tokenized. However, stock index perpetual contracts do not rely on stock tokenization to succeed. Stock perpetual contracts already have mature infrastructure that allows for rapid scaling. Currently, daily trading volume for stock index perpetual contracts exceeds $100 million. As traders and market makers become familiar with the contract specifications, trading volume will soon reach billions of dollars daily. Given the frequent breaking news and announcements from around the world after the TradeFi market closes every Friday, stock index perpetual contracts will become a tool for institutional and retail traders to hedge risks over the weekend. This will force major US securities trading platforms to implement 24/7 trading faster than originally planned.

 

It is predicted that by the end of 2026, price discovery for the largest US tech stocks and major stock indices (such as the S&P 500 and Nasdaq 100) will occur in the perpetual contract market for retail investors. The market landscape will change significantly when financial media show S&P 500 perpetual contract quotes as the best pricing source, rather than the CME Globex version. Furthermore, it states that the next wave of cryptocurrency exchange billionaires will come from the intersection of perpetual contracts and stocks.

〈CoinRank Daily Data Report (11/28)｜Only 11 public blockchains generated over $100,000 in revenue in the past 7 days.〉這篇文章最早發佈於《CoinRank》。

May the deceased rest in peace 🕯️

May the living stay strong 🙏

Wishing Hong Kong a swift recovery.

Below is a list of crypto industry donations (as of Nov 28, 2025, in no particular order):

Bitget (@Bitget_zh):

Donated HK$12 million through the Hong Kong Red Cross and other channels to support firefighting efforts, temporary resettlement, and community rebuilding.

(Breakdown: Yan Chai Hospital HK$5M, The Salvation Army HK$3.5M, Po Leung Kuk HK$3.5M)

Binance (@binance):

Announced a HK$10 million donation to support rescue operations and resident recovery efforts in the Tai Po fire disaster area.

HTX (@HTX_Global) & TRON (@trondao):

Donated HK$10 million for frontline rescue operations, temporary housing, and essential supplies for affected residents.

Animoca (@animocabrands):

Launched a crypto donation initiative for the Tai Po fire and published two dedicated wallet addresses.

HashKey Group (@HashKeyGroup):

Donated HK$10 million for emergency relief and resettlement of affected residents.

MicroBit Capital:

Donated USD 100,000 (approx. HK$780,000) to the Hong Kong Youth Power Foundation to support communities impacted by the fire.

Avenir Group:

Donated HK$10 million for emergency rescue, resident resettlement, and community restoration in Tai Po.

OKX (@okx):

Donated HK$10 million to support emergency response and post-disaster recovery efforts in Hong Kong.

OSL (@osldotcom):

Management and shareholders donated HK$3 million for emergency aid and community recovery.

KuCoin (@kucoincom):

Donated HK$2 million through the Tongren Foundation to support Hong Kong Fire Services Department personnel and families, as well as post-fire aid in Tai Po.

Matrixport Group (@Matrixport_EN):

Donated HK$2 million for medical and psychological support in affected areas.

BitMart (@BitMartExchange) founder Sheldon (@sheldonbitmart), Nano Labs founder Jack Kong (@punk8185), ME Group CEO Jessica Young (@JessicaMetaEra), and others jointly:

Donated HK$1 million (in crypto) for emergency relief and family assistance.

Sinohope Group (@SinohopeGroup) CEO Wong Siu Kei (@0xLivio) — personal + company:

Donated HK$1 million for medical and psychological support in affected areas.

MEXC (@MEXCZH):

Announced a HK$5 million donation to support post-fire reconstruction efforts in Hong Kong.

The Upbit hack exposed vulnerabilities in centralized exchange custody, targeting Solana hot wallets and draining multiple assets despite rapid emergency response measures.

South Korean investigators suspect Lazarus due to matching tactics, timing, laundering patterns, and similarities to Upbit’s 2019 breach on the same exact date.

This incident highlights the geopolitical stakes of crypto security as exchanges increasingly face threats from sophisticated state-linked attackers, undermining user trust.

 A detailed analysis of the Upbit hack, suspected Lazarus involvement, Solana wallet exposure, and the growing cybersecurity risks facing centralized crypto exchanges.

WHAT HAPPENED IN THE UPBIT HACK?

 

On November 27, South Korea’s largest crypto exchange Upbit confirmed a significant security breach affecting one of its Solana hot wallets. Initial estimates suggested losses of approximately 540 billion KRW (around $36 million USD), later revised to about 445 billion KRW ($30–36 million USD) based on asset pricing at the time of withdrawal.

 

Unlike previous incidents targeting a single digital currency, this attack drained at least 24 Solana-based tokens, including SOL, USDC, BONK, ORCA, JUP, PYTH, RENDER, and several smaller ecosystem assets. Cold wallets remained untouched, but the disruption was enough for Upbit to immediately suspend Solana-related deposits and withdrawals, initiate wallet migration, and launch a full forensic review.

 

Users were assured that all affected balances would be fully covered using corporate reserves, yet operational uncertainty continues as the investigation progresses.

 

 

WHY THE UPBIT ATTACK MATTERS: SECURITY, SOLANA, AND INDUSTRY TRUST

 

The Upbit hack has quickly evolved from an internal exchange issue into a broader conversation about infrastructure-level risk. Because the breach was carried out through the Solana network, it reignited debates around custody design, centralized operational exposure, and how vulnerable hot-wallet systems remain when facing highly coordinated attack patterns.

 

Crucially, this was not a Solana protocol vulnerability. The blockchain itself functioned normally. The failure occurred at the exchange custody layer, not at the network level. As a result, Solana’s market response remained relatively stable, although several Solana ecosystem tokens experienced short-term liquidity distortions on Upbit due to halted withdrawals.

 

The incident reinforces a central reality in crypto: a blockchain may be secure, but infrastructure around it can still be a single point of failure.

ETHGlobal NYC Hackathon Concludes: A Roundup of the Top 10 Winning Projects

 

WHO IS SUSPECTED — AND WHY LAZARUS IS NOW AT THE CENTER

 

Within 24 hours, reports from South Korean regulatory agencies and cybersecurity analysts indicated a likely connection to the Lazarus Group, a hacking organization widely linked to North Korea’s cyber-intelligence apparatus.

 

Investigators point to multiple parallels: the operational signature resembles earlier Lazarus-linked attacks, including the breach of the same exchange on the same date — November 27 — in 2019. During that event, Upbit lost 342,000 ETH (worth roughly $50 million at the time). Additional indicators include chain-hopping, mixer-like laundering behavior, and rapid fragmentation of stolen assets across multiple wallets — hallmarks seen repeatedly in cyber operations attributed to Lazarus.

 

While attribution is ongoing, the consistency of these patterns has pushed authorities to treat the event as more than ordinary cybercrime.

 

THE BACKGROUND: WHY NORTH KOREA TARGETS CRYPTO AND WHY UPBIT MATTERS

 

Understanding the geopolitical context adds weight to the suspicion. North Korea has been largely excluded from global banking systems due to sanctions tied to nuclear and weapons development. As a result, cryptocurrency theft has become a strategic financial pipeline. Lazarus has been repeatedly linked to successful attacks on centralized exchanges, cross-chain bridges, and high-value crypto platforms.

 

Upbit’s role makes it an attractive target. It hosts one of the largest user bases in Asia, serves as a liquidity funnel for emerging digital assets, and sits at the center of South Korea’s evolving fintech and Web3 regulatory framework. The timing of the hack is also notable: it occurred just hours after Upbit’s parent company Dunamu announced a major multi-year strategic initiative with Naver Financial, focusing on AI-enhanced fintech and blockchain infrastructure.

 

For a sanctioned state seeking capital and destabilization leverage, disrupting such a platform carries both financial and symbolic value.

 

IMPLICATIONS FOR THE CRYPTO INDUSTRY

 

The suspected involvement of Lazarus highlights a wider shift: digital asset platforms are now intersecting with geopolitics. Exchanges are no longer merely commercial services — they have become strategic targets in a global contest over financial influence and cyber-sovereignty.

 

Although Upbit has committed to reimbursing all affected users, the breach exposes deeper industry questions: whether exchanges should rely less on hot wallet infrastructure, whether regulatory frameworks need mandatory penetration testing and key-management standards, and whether centralized custody remains viable in an environment where nation-state-level attackers are active.

 

This event also reinforces an uncomfortable truth: trust in centralized exchanges can evaporate far more quickly than it can be rebuilt.

 

FINAL THOUGHT

 

The fact that Upbit has now been successfully attacked twice on the same date — November 27 — raises concerns beyond coincidence. While its responses have been immediate and carefully managed, both incidents reveal ongoing weaknesses in exchange-level security. If such vulnerabilities persist, the real loss may not be measured in stolen tokens, but in user confidence — something far harder to restore than financial reserves.

Read More：

https://crypto.news/south-korea-links-30m-upbit-hack-to-north-koreas-lazarus-group/

〈Lazarus Suspected in Upbit Solana Hack, Exchange Halts Withdrawals〉這篇文章最早發佈於《CoinRank》。

APRO is not competing with traditional oracles. It is building a new validation layer for Bitcoin, AI agents and RWA at the same time.

 

ATTPs positions APRO as the communication backbone for autonomous AI systems, providing identity checks, encrypted content and verified origins.

 

By automating the verification of real world documents, APRO unlocks scalable RWA adoption and turns complex off chain information into trusted on chain facts.

THE BITCOIN ECOSYSTEM IS OPENING A NEW GAP

 

For many years people believed the oracle market was already settled. But the structure of the crypto world changed again when the Bitcoin ecosystem suddenly expanded. New assets appeared faster than builders could prepare, and capital started to flow into a place without enough basic tools. Bitcoin has strong value storage yet almost no real data layer, and its UTXO model is difficult for traditional oracle systems to work with. Delays are long, state updates are limited, and smart contract logic is not native. This created a space where a new player could build something the ecosystem urgently needed.

 

APRO entered this space with a clear idea. Instead of competing in the crowded EVM landscape, it chose a territory where demand grows faster than infrastructure. Its work on RGB++, Runes, Lightning Network interactions and off chain consensus is not simple chain support. APRO is trying to define how Bitcoin applications should access verified data. It treats Bitcoin as an ecosystem entering a new stage, one that needs a dedicated system for truth, timing and validation. If this ecosystem continues to expand, the first team that provides reliable data will become a foundational layer for everything built after.

 

AI AGENTS CHANGE WHAT DATA MEANS

 

Another shift happening in real time is the rise of AI agents. They manage portfolios, rebalance liquidity, trade on chain and make decisions without human help. These agents can act faster than any human trader, but they rely on the world they see. If the information they receive is polluted or manipulated, their actions become dangerous. An agent will not question data. It will execute.

 

APRO saw this risk early. It created ATTPs to give agents a safe way to communicate and read verified facts. ATTPs checks identity, encrypts content and proves the origin of information. It removes the need to trust any single server or relay. It gives AI agents a stable way to understand the real world while staying fully autonomous. This is not an upgrade to existing networks. It is a new communication layer built for machines that will soon control large amounts of on chain value.

 

As AI agents grow in number and responsibility, the system that feeds them truth becomes extremely important. APRO wants to become that system. It wants to provide the data spine that supports machine level decision making in a decentralized world.

 

RWA NEEDS VERIFIED REALITY MORE THAN ISSUANCE

 

RWA is one of the strongest narratives in the market, yet the hardest part is not tokenization. It is verification. Real world documents come in many forms. Some are images, some are contracts, some are financial statements. They are not structured data. They cannot be trusted without checking. Traditional oracles cannot read these documents, and no one wants a centralized reviewer to decide what is true.

 

APRO built a method to solve this problem. Its system allows AI models to read documents, extract key information and turn it into structured fields. Then several nodes repeat the same process. Only when the results match, the information becomes an on chain fact. This makes real world audits automatic. It removes manual review and creates a path for RWA to scale safely.

 

When verification becomes automatic, the entire RWA pipeline opens. APRO then becomes more than a price oracle. It becomes a source of trusted truth for assets that connect the digital and physical world.

 

THE ROLE OF ORACLES IS CHANGING AND APRO IS AIMING AT THE NEW REALITY

 

Traditional oracles serve smart contracts. APRO wants to serve something bigger. It wants to serve a world where Bitcoin expands, AI takes action and RWA enters the chain at scale. It separates off chain computation from on chain proof. It supports different access models for different types of assets. It turns complex real world information into data that any smart contract or AI agent can verify.

 

APRO is betting on the intersection of three rapid growth curves. The first is the need for a real data layer in the Bitcoin ecosystem. The second is the rise of autonomous AI agents. The third is the demand for verified facts that power RWA markets. If these trends keep growing, a network that can convert reality into verifiable information will become essential infrastructure.

 

APRO is trying to become that infrastructure. It is not only shaping the oracle market. It is shaping how the intelligent world will read and understand the truth.

 

Read more：

VULGAR PENGUIN: WHEN A JOKE BECOMES A COMMUNITY

 

Reference source：

ATTPs × FHE: Building a “Dual-Layer Encryption Shield” for AI Agent Data Security

Exploring APRO The Oracle Solution for the Bitcoin Ecosystem

〈APRO Wants To Shape More Than Oracles It Wants To Shape The Next Intelligent World〉這篇文章最早發佈於《CoinRank》。

GaiAI is building a decentralized agent network that gives users real ownership and control, breaking free from the limits of centralized AI platforms.

 

The project resonates strongly with creators by offering AI agents that carry personal style, memory and identity, creating a new form of digital extension.

 

GaiAI’s long-term value lies not in competing with large models, but in shaping an open ecosystem where agents can interact, evolve and become part of a user-driven AI economy.

A REBELLION THAT STARTED FROM THE EDGE

 

For a long time, GaiAI was easy to overlook. The project came with no loud announcements, no famous founding team, and no polished marketing push. It looked like one more experiment floating at the margin of the AI and crypto intersection. But without warning, it began to attract serious attention from developers, creators, and the broader market. It did not rise because of model breakthroughs or massive funding. It rose because it touched a pressure point shared across the entire AI ecosystem. People are starting to accept a simple truth. AI is becoming too centralized, and the power to create, control, and shape it has slipped away from users.

 

Large platforms now decide who gets access, how much it costs, what data can be processed, and which content must be filtered. Creators fear seeing their work absorbed by training sets. Developers fear losing control to API pricing and policy shifts. Companies fear exposing sensitive information to external servers. GaiAI entered the scene at the moment when all these tensions met. The project did not offer a bigger model. It offered something many did not realize they needed. A way to own an AI agent instead of renting one. A way to run it without depending on a central server. A way to shape how AI behaves instead of accepting the rules of a platform. This shift was enough to move GaiAI from the shadows into a growing spotlight.

 

 

THE REAL MOTIVATION BEHIND A DECENTRALIZED AGENT NETWORK

 

GaiAI is often mistaken for a creative tool or a small AI platform. But its core idea goes much deeper. It wants to rewrite one of the most important questions in the AI era. Who does an AI belong to? In the traditional model, the answer is clear. The platform owns the infrastructure. The platform owns the rules. The platform owns the limits. Even if a user trains a model or builds a workflow, everything still relies on a central authority. GaiAI challenges this structure by letting users create agents that they can control, store, deploy, and evolve on their own terms.

 

This is not ideology. It is a response to real needs. Developers worry about depending too heavily on external APIs. Companies want to keep sensitive data inside their own systems. Makers and creators want freedom to build agents without hidden filters, hard limits, or unpredictable access changes. GaiAI’s design gives each user a self-contained agent with a life cycle shaped by its owner, not by a corporate backend. The agent can learn a style, keep memory, run tasks, respond to new input, and continue working even when the user is offline.

 

In this structure, an agent is more than a tool. It is a portable digital identity. It can move across networks. It can interact with other agents. It can hold value. It can be part of a user’s long-term digital presence. The result is a system where AI becomes something a person can possess and expand, instead of something rented through an access key. This is the foundation that gives GaiAI its growing cultural and technical relevance.

 

WHEN CREATORS BEGIN TO REWRITE THEIR IDENTITY THROUGH AGENTS

 

The strongest early traction for GaiAI came from creators. This was not because of hype, but because the project touched their deepest frustration. Many creators saw their art, writing, music, or style flow into training sets without consent or compensation. Models started imitating them. Tools began replacing them. Their work shaped the new AI wave, yet they could not claim any control over it. GaiAI spoke directly to this tension by offering a different path.

 

A creator can train an agent that carries their taste, rhythm, color choices, narrative style, or artistic identity. This agent can keep producing work, respond to fans, assist with projects, or extend the creator’s presence without losing authorship. For the first time, creators gain a digital extension that does not weaken their role but strengthens it. Instead of fighting AI, they gain a second self that works alongside them. In a world where creators fear being replaced, GaiAI provides a structure for continuity and ownership.

 

This explains why GaiAI quickly spread within creative communities. Agents are not just functional. They are expressive. They can be personal. They can represent the creator’s legacy. They can build new interactions with audiences. For markets outside crypto, this introduces a new story about digital identity. For crypto itself, it offers a narrative with emotional weight and practical use. And for creators, it opens a future where their work does not disappear into a model but evolves through a digital form they own.

 

WHY GAIAI’S VALUE LIES IN ITS DIRECTION, NOT ITS PERFORMANCE

 

GaiAI is still early. The ecosystem is not fully developed, and the tools continue to evolve. Yet its influence is growing because it aligns with a shift the AI industry cannot avoid. The future of AI will not belong only to massive centralized models. It will also belong to networks of agents that users can deploy, customize, and connect without relying on corporate platforms. GaiAI fits this trajectory naturally.

 

Its value does not come from outperforming closed-source giants. It comes from offering a structure they cannot. A structure where ownership is real. A structure where agents can interact freely. A structure where creators and developers are not trapped inside a single company’s rules. A structure where AI becomes part of a user’s digital estate rather than a temporary service.

 

If we imagine the AI industry as a tall tower built by global companies, GaiAI is not trying to climb to the top. It is shaping the land beneath it. It is establishing the foundation for users to build their own agents, define their own identity, and join a wider economic system that does not depend on corporate permission. Whether this system becomes large or niche is still unknown. But its direction is clear. It gives people something they have lacked since the start of the AI boom. A sense of agency in a world increasingly ruled by algorithms.

 

〈GaiAI: THE WILD AGENT NETWORK GROWING OUTSIDE THE SHADOW OF AI GIANTS〉這篇文章最早發佈於《CoinRank》。

Istanbul Blockchain Week returns on June 2–3, 2026, as Türkiye experiences one of the fastest-rising crypto adoption waves globally.

 

The event will bring together founders, policymakers, and industry leaders to explore major themes including real world assets, AI, stablecoins, regulation, privacy, and next-generation Web3 applications.

 

Positioned between Dubai and London, Istanbul strengthens its role as a strategic Eurasian hub, making IBW 2026 a prime venue for cross-regional collaboration and real industry deal flow.

 

Istanbul, Türkiye – December, 2025 –  Istanbul Blockchain Week, organized by Web3 marketing agency EAK Digital is set to return for its fifth edition on June 2nd-3rd, 2026, at the Hilton Bomonti Hotel. Following last year’s success, this year’s event is gearing up to host prominent leaders and organizations in the industry, with more opportunities to learn at the heart of Eurasia’s key crypto hub.

 

According to a recent report by Chainalysis, Türkiye leads the Middle East and North Africa’s largest cryptocurrency market, recording nearly $200 billion in annual on-chain transactions, almost four times that of the UAE. Challenging economic circumstances have driven substantial adoption of crypto in Türkiye, serving as an economic necessity and  a form of investment to navigate financial uncertainties.

 

Against this backdrop of rapid growth, Istanbul Blockchain Week will highlight the city’s thriving ecosystem, its evolving regulatory landscape, and innovative projects that are shaping the Web3 revolution locally and globally.

 

Erhan Korhaliller, CEO of EAK Digital and founder of Istanbul Blockchain Week, said:

“We are thrilled to return with the fifth edition of Istanbul Blockchain Week, aiming to make it even bigger, bolder and more impactful than ever. We look forward to building on last year’s success and creating an unforgettable experience where people connect, learn, and shape the future of blockchain together.”

 

Bringing the global Web3 community in Istanbul

 

From blockchain and AI experts and thought leaders to influencers and enthusiasts, IBW 2026 is poised to draw thousands of attendees from around the world, leveraging Istanbul’s strategic position between the major financial centres of Dubai and London to explore the latest in emerging technologies.

 

The two-day event will host unique fireside chats, thought-provoking panels, insightful discussions, roundtables, and workshops showcasing the hottest topics in Web3, including real world asset tokenization, AI, regulations, privacy and stablecoins.

 

Building on the success of last year’s edition, which featured speakers such as Justin Sun Founder of TRON, Ali İhsan Güngör, Executive Vice Chairman of Capital Markets Board of Türkiye, Mehmet Çamır, Chairman of OKX TR, Kostas Chalkias, Co-Founder and Chief Cryptographer of Mysten Labs, John Linden, CEO of Mythical Games, and Aaron Teng, CEO of Igloo Asia (Pudgy Penguins), IBW 2026 is the ideal platform for fostering meaningful connections, partnerships and growth within the crypto and blockchain industry.

 

As the countdown begins, IBW 2026 is set to unveil groundbreaking innovations and hands-on Web3 experiences. Early sponsorship opportunities are now available to gain premium visibility and engagement with a global Web3 audience.

 

For more information, visit https://istanbulblockchainweek.com/.

 

-ENDS-

 

About Istanbul Blockchain Week (IBW)

 

Istanbul Blockchain Week (IBW) is Türkiye’s flagship Web3 conference and expo, bringing together founders, developers, investors, enterprises, creators, and policymakers in the heart of Istanbul. Produced by EAK Digital, IBW showcases the technologies and people shaping crypto, DeFi, AI agents, gaming, and real-world assets. Across recent editions, IBW has welcomed 20,000+ attendees and 500+ speakers from leading protocols, exchanges, and institutions. The program features a main-stage conference, large-scale expo, DeFAI Con, a KOL Summit, investor roundtables, workshops, and curated networking designed for real deal-flow.

 

To learn more and get IBW tickets, visit https://istanbulblockchainweek.com/tickets/.

〈Istanbul Blockchain Week returns in June 2026 amid surging crypto adoption in Türkiye〉這篇文章最早發佈於《CoinRank》。

Bitcoin MENA 2025 brings together the most influential MENA-region voices — from regulators to mining leaders — shaping the region’s Bitcoin adoption and policy environment. 

The UAE, led by Abu Dhabi, is positioning itself as a global Bitcoin hub — combining strong infrastructure, regulatory clarity, and sovereign capital scale to attract institutional Bitcoin investment.

Expect deep-dive sessions on mining, energy transition, institutional adoption, digital-asset regulation and infrastructure — reflecting Middle East’s growing role in global Bitcoin ecosystem.

This December, over 12,000 attendees will gather at Bitcoin MENA in Abu Dhabi for a landmark summit on Bitcoin, institutional capital, mining, and regulatory innovation.

Abu Dhabi, UAE — November 26, 2025 — With more than 12,000 attendees expected, Bitcoin MENA is set to become one of the most important gatherings for Bitcoin, institutional capital, energy innovation, and regulatory leadership anywhere in the world. This December, the region’s most powerful and influential voices will take the stage to share perspectives shaped by the UAE’s rapid rise as a global centre for Bitcoin development, mining, sovereign adoption, and financial innovation.

 

From regulatory pioneers to mining powerhouses to institutional Bitcoin strategists, this year’s program reflects the depth of expertise now emerging from the Middle East — a region defined by significant wealth concentration, sovereign capital scale, advanced energy infrastructure, rapidly expanding Bitcoin mining operations, and a maturing digital-asset policy environment.

 

“The UAE — and Abu Dhabi in particular — has become the beating heart of Bitcoin’s evolution for the entire MENA region,” said Brandon Green, CEO of BTC Inc. “With unmatched regulatory clarity, world-class infrastructure, and a forward-thinking approach to innovation, Abu Dhabi is setting the pace for sovereign-level Bitcoin adoption. Bringing these influential regional leaders together on one stage reflects the momentum we’re seeing — and the global significance of what’s being built here.”

 

“We’re seeing remarkable interest and support from leaders across the region as Bitcoin MENA takes shape.” Ahmad Shaker, CEO of ADNEC Group went onto further emphasise: “Working alongside BTC Inc, it’s clear that more organisations and innovators are exploring how Bitcoin and next-generation infrastructure can play a role in their future strategies. This growing momentum is exactly why the event exists — to bring these conversations together in a meaningful and forward-looking way.”

 

Regional Heavyweights Headlining This Year’s Agenda

 

H.E. Dr. Mohamed Al Kuwaiti — Head of Cyber Security, United Arab Emirates Government; Chairman of the UAE Cyber Security Council. Dr. Al Kuwaiti leads the UAE’s national cyber-strategy, steering the country’s transition into a trusted, secure digital hub. Under his leadership the UAE aligned its infrastructure, policy and institutional frameworks to tackle emerging threats and accelerate innovation in cloud, AI, data and connectivity.

Ahmed Bin Sulayem, Executive Chairman & CEO, DMCC Topic: Bitcoin’s Role in Challenging Centralized Banking Systems A defining figure in Dubai’s commodities and financial innovation ecosystem, Bin Sulayem will examine how Bitcoin fits into the UAE’s broader strategy of financial independence and open capital flows.

Abdulla Al Dhaheri, CEO, The Blockchain Center Abu Dhabi Fireside Chat with Michael Saylor and Bitcoin in the Portfolio of Nations

Marwan Al Zarouni, CEO, Dubai Blockchain Center Topic: The Past & Future of Bitcoin Adoption in the UAE A leading voice in Dubai’s transformation into a global digital-asset jurisdiction. Al Dhaheri represents Abu Dhabi’s sovereign-level focus on infrastructure, national strategy, and long-term institutional positioning for Bitcoin.

Faisal Al Hammadi, Founder, Further Topic: Why MENA Will Be a Hub for Bitcoin Mining A look at the convergence of regional capital, energy strategy, and infrastructure investment.

Ali Alnuaimi, Founder, Shafra Topic: The Role of Bitcoin Mining In The Global Energy TransitionExplore how Bitcoin mining can strengthen energy grids, unlock stranded or underutilized power, and accelerate the region’s shift toward more efficient and sustainable energy systems.

Irina Heaver, Founding Partner, NeosLegal Topics: Regulatory Renaissance in the UAE; Reshaping Your Sovereignty Stack One of the region’s most recognised legal authorities will break down how the UAE’s regulatory framework is shaping a new era of financial sovereignty.

Henson Orser, CEO, Soter Insure (Former CEO, VARA) Topic: Protecting Your Stack — Bitcoin Insurance Coverage A seminal figure in Dubai’s regulatory evolution brings clarity to institutional-grade custody and insurance.

Irene Gao, Bitmain Global Business Lead Bitmain Keynote As a global mining leader, Gao brings unparalleled insight into hardware, scaling, and the energy-grid transformation accelerating across the region.

 

 

Why Bitcoin MENA Matters Now

 

The MENA region — and particularly the UAE — is becoming one of the most strategically significant geographies for global Bitcoin adoption:

 

The UAE is widely regarded as one of the world’s highest-adoption markets for digital assets, with industry analyses estimating that more than 25% of residents actively own or use virtual assets.

Across the GCC, family offices and sovereign wealth funds oversee well over $4 trillion in combined assets — a level of capital concentration that is increasingly influencing long-term institutional allocation toward Bitcoin.

The Middle East is rapidly becoming an energy-aligned hub for Bitcoin mining, with multiple studies projecting the region could capture a significant share of global hashrate as power-grid optimisation, natural-gas utilisation, and renewable-energy investment accelerate.

The UAE’s clear and operational digital-asset regulatory framework — from licensing pathways to compliance standards — continues to attract global founders, miners, and institutional participants seeking stability and scale.

 

 

This concentration of wealth, energy, and progressive policy makes the UAE uniquely positioned to shape Bitcoin’s next chapter.

 

About The Bitcoin Conference

The Bitcoin Conference, organised by BTC Media, the parent company of Bitcoin Magazine, is a global event series, featuring notable industry speakers, workshops, exhibitions, and entertainment. These events serve as vital platforms for Bitcoin industry leaders, developers, investors, and enthusiasts to gather, network, and exchange ideas. The flagship event took place in 2025 in Las Vegas. Bitcoin 2026 is announced to be held in Las Vegas in April 2026. Its international events include Bitcoin Hong Kong (August 2026), Bitcoin Amsterdam (Autumn 2026) and Bitcoin MENA (Abu Dhabi, December 2025).

〈The Most Influential Voices in the MENA Region to Address the 12,000-Attendee Bitcoin MENA Event This December〉這篇文章最早發佈於《CoinRank》。

USDG is a regulated stablecoin backed 1:1 by U.S. dollar reserves and built for secure global payments.

 

It enables fast settlement, institutional use, and smart contract integration across Web3 ecosystems.

 

Adoption and scalability remain early-stage challenges as USDG competes with established stablecoins.

USDG is a fully backed and regulated stablecoin built to function as a secure digital dollar. With fast settlement, compliance oversight, and Ethereum compatibility, it aims to bridge traditional finance and Web3.

 

WHAT IS USDG?

 

USDG (Global Dollar) is a fully backed, regulated stablecoin designed to function as a reliable digital version of the U.S. dollar. It is issued by Paxos Digital Singapore Pte. Ltd., a company regulated by the Monetary Authority of Singapore (MAS). Unlike hype-driven or opaque stablecoins, USDG focuses on being secure, compliant, and globally usable — bridging traditional financial standards with blockchain efficiency.

 

 

🔍 What Makes USDG Different?

 

✅ Backed by Real U.S. Dollars

 

USDG maintains a 1:1 peg to the U.S. dollar, meaning every token in circulation is backed by cash or highly secure cash-equivalent reserves such as short-term U.S. Treasury bills.

 

In simple terms:
Holding USDG is designed to be equivalent to holding redeemable digital dollars — not speculation.

✅ Regulatory Oversight and Transparency

 

Paxos is known for its strict compliance model, having previously partnered with global financial platforms such as PayPal, Binance, and Revolut.

 

USDG operates under:

 

Singapore MAS regulatory requirements

The compliance framework governed by New York banking laws

 

This dual-layer regulatory model positions USDG as one of the more rigorously supervised stablecoins in the market — appealing to institutions, fintech platforms, and regulated financial service providers.

✅ Built on Ethereum and Expanding

 

USDG is currently deployed as an ERC-20 token, making it compatible with the existing Web3 stack, including:

 

Smart contracts

DeFi lending and trading platforms

Multi-chain wallets

Payments and automation systems

 

Paxos has confirmed plans to extend USDG to additional MAS-approved blockchains, signaling that it aims to become a foundational settlement instrument across networks rather than a single-chain stablecoin.

✅ Faster Payments and Cross-Border Efficiency

 

Traditional international transfers may take several days and involve costly intermediaries. With USDG, transactions typically finalize within seconds to minutes.

 

This makes USDG especially relevant for:

 

Global remittances

Peer-to-peer payments

On-chain settlement

DeFi applications and liquidity routing

 

>>> More to read: What is Stablecoin ? Stable Virtual Assets

HOW USDG WORKS

 

 

 

To understand how USDG functions, it helps to look at the infrastructure behind it—not just the token itself. The system is built to make digital dollars usable across applications, payment rails, and financial ecosystems without compromising regulation or transparency.

 

📌 Global Dollar Network

 

At the core of its adoption is the Global Dollar Network, the ecosystem that enables businesses, developers, financial institutions, and service providers to integrate USDG into real-world and on-chain systems.

 

As of December 2024, the network is operating under an invite-only model, focusing first on regulated partners and scalable infrastructure before opening access more broadly. The goal is long-term reliability—not rapid speculation or unchecked growth.

📌 What Can USDG Be Used For?

 

Payments and Settlement

One of the biggest advantages of USDG is speed. Traditional bank transfers, especially international ones, can take several days and involve multiple intermediaries and fees.

With USDG, settlement happens in minutes, making it useful for:

 

Cross-border payments

E-commerce

Remittances

Real-time settlements

 

For anyone dealing with global financial flows, this is a meaningful upgrade.

 

Institutional Utility

Institutions can use USDG for more efficient trading, peer-to-peer settlement, and treasury operations. Developers building in DeFi can also leverage USDG as a programmable and compliant digital dollar within smart contracts, lending markets, and on-chain financial tools.

 

Ecosystem Adoption and Value Sharing

The Global Dollar Network is designed to support a model where businesses using USDG may access revenue or incentive structures that improve upon traditional stablecoin frameworks. Instead of being just a transactional currency, USDG becomes part of a broader incentive-driven ecosystem.

📌 Issuing and Redeeming USDG

 

The issuance and redemption model is simple and transparent:

Users can redeem USDG back into U.S. dollars at a 1:1 ratio at any time. When redemption occurs, the redeemed tokens are permanently removed from circulation.

 

This burn-and-redeem mechanism ensures the supply of USDG always reflects actual reserves held—reinforcing its stability and regulatory alignment.

📌 Blockchain Technology and Transparency

 

Since USDG is built on Ethereum as an ERC-20 token, it benefits from the transparency and security of blockchain infrastructure.

 

Every transaction is recorded on-chain

Smart contracts automate transfers and verification

No intermediaries are required to approve movement of funds

 

This ensures USDG remains both programmable and auditable—key requirements for Web3 adoption and institutional trust.

 

>>> More to read: Understanding ERC-20 | A Guide to ERC-20 Tokens

USDG POTENTIAL CHALLENGES

 

While USDG introduces promising functionality and a strong regulatory foundation, it’s important to acknowledge that the project is still early in its lifecycle. Like any emerging asset, adoption will take time, and there are meaningful hurdles ahead. Here are some of the key challenges the project currently faces:

 

❗Low Market Capitalization

 

Compared to established stablecoins such as USDT or USDC, USDG still has a relatively small market cap. Lower liquidity means it may not yet be suitable for large-volume traders or institutions that rely on deep, immediate execution. Until it scales further, this could limit its role in high-frequency or institutional trading environments.

 

❗ Limited Adoption So Far

 

As a newcomer in an ecosystem dominated by long-standing players, USDG is still working toward widespread adoption among users, developers, exchanges, and payment platforms. Broader integration may take time, and until adoption increases, its utility in mainstream or large-scale applications will remain somewhat restricted.

 

❗Regulatory Uncertainty in Global Markets

 

Even though USDG complies with MAS regulations and falls under strong legal frameworks, the global regulatory environment for stablecoins remains complex and constantly evolving. Expanding into regions with unclear, restrictive, or rapidly changing rules could introduce friction and potentially slow its global rollout.

 

❗Competition From Established Stablecoins

 

USDT, USDC, and even decentralized alternatives like DAI have had years to build strong network effects, liquidity partnerships, and user trust. For USDG to compete meaningfully, it will need to differentiate clearly—especially since the category is already crowded and highly competitive.

 

❗ Dependence on Ethereum (For Now)

 

At this stage, USDG is primarily deployed as an ERC-20 token on Ethereum. While Ethereum is widely adopted and secure, network congestion and gas fees can be unpredictable during peak activity. This may make USDG less appealing in scenarios where low-cost, high-throughput transactions are required—at least until it expands onto additional scalable networks.

✏️ Final Thoughts

 

USDG represents a compelling attempt to push stablecoin design toward better compliance, transparency, and real-world usability. Whether you’re a developer building financial products, a business exploring digital settlement, or someone simply looking for a reliable way to transact globally, USDG offers a thoughtful approach grounded in regulatory clarity and long-term utility.

 

However, like any emerging technology, its future depends on adoption momentum, market confidence, and the ability to compete with entrenched players. The potential is significant—but whether USDG becomes a major pillar of the stablecoin ecosystem will depend on how successfully it scales, integrates, and earns the trust of the global market.

 

The legacy model of stablecoins is outdated.

Global Dollar Network replaces it with one built on transparency and aligned incentives, where partners driving USDG adoption share directly in the value they help create.https://t.co/RwFa3PmQ79 pic.twitter.com/M0vUZsS1hv

— Global Dollar Network 🌎 (@global_dollar) October 30, 2025

 

>>> More to read:

 Understanding Tether USDT

 What is USD Coin (USDC)?

 What is USD1? A Complete Guide

 

 

 

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〈What is USDG? How It Works〉這篇文章最早發佈於《CoinRank》。

The most reliable DeFi analysis comes from combining multiple on-chain metrics rather than relying on a single signal.

 

Understanding liquidity, token movement, utility, and valuation metrics helps identify whether a protocol is undervalued or overhyped.

 

Data transparency gives every investor the ability to evaluate DeFi protocols objectively—without relying on rumors or hype.

A practical guide to evaluating DeFi projects using key on-chain metrics like TVL, token supply, revenue ratios, real utility, and inflation to make smarter investment decisions.

 

INTRO

 

Whether you’re new to DeFi or already familiar with its cycles, there’s one thing everyone agrees on: this space moves fast. New protocols appear overnight, narratives evolve quickly, and staying updated is already challenging — actually evaluating what’s worth investing in is even harder.

 

Part of the difficulty comes from the lack of a standardized way to measure or compare DeFi protocols. Different analysts prioritize different metrics, and without a common framework, conclusions can vary wildly. As a result, many investors end up relying on hype, social sentiment, or surface-level information rather than real fundamentals.

 

Fortunately, transparency is one of crypto’s biggest advantages.

 

Because everything on-chain is public and verifiable, anyone can access meaningful data — whether it’s liquidity inflows, user activity, fee generation, token emissions, or governance participation. With the right metrics and tools, you don’t need insider information or privileged access to understand if a protocol is healthy, stagnant, or quietly deteriorating behind the scenes.

 

That’s exactly what this guide focuses on.

 

We’ll highlight the most practical and widely used on-chain indicators for evaluating DeFi protocols, along with where to find the data. These aren’t theoretical concepts — they’re real metrics used by analysts, funds, and experienced on-chain investors to separate sustainable projects from short-lived noise.

 

✏️ You don’t need to track everything.

But if you understand these key metrics, you’ll be able to navigate DeFi with significantly more clarity, discipline, and confidence.

 

Let’s get started.

1. TOTAL VALUE LOCKED (TVL)

 

TVL represents the total amount of capital locked inside a DeFi protocol. Think of it as the liquidity sitting inside lending markets, AMM pools, or yield vaults. For example, on Uniswap, TVL reflects how much liquidity providers have deposited into its pools.

 

TVL is often used to assess how much confidence and capital the market has placed in a protocol. It’s also a useful way to compare market share across DeFi platforms. If you’re hunting for undervalued projects, comparing market cap against TVL or tracking TVL growth over time can offer meaningful signals.

 

TVL can be measured in different denominations, usually in the native asset (e.g., ETH) or USD. The denomination you choose can influence your interpretation—especially during volatile market conditions.

 

>>> More to read: What is TVL? Everything You Need to Know

2. PRICE-TO-SALES RATIO (P/S RATIO)

 

In traditional finance, the P/S ratio compares a company’s valuation to its revenue and helps determine whether it may be overvalued or undervalued. The same logic applies to DeFi, especially protocols that generate real fees or revenue.

 

To calculate it, divide the protocol’s market cap by its revenue. A lower P/S ratio generally suggests a protocol may be undervalued relative to its earnings. There isn’t a single “correct” benchmark, but the ratio gives you a baseline to anchor valuation assumptions.

 

>>> More to read: What is P/E Ratio in Crypto? A One-Minute Guide

3. TOKEN SUPPLY ON EXCHANGES

 

Tracking how much of a token sits on centralized exchanges (CEXs) can provide insight into potential selling pressure. When holders intend to sell, the first step is often depositing tokens onto an exchange where liquidity is deeper.

 

A high or rising exchange balance may indicate potential sell-side activity or reduced conviction from large holders. However, this metric should never be interpreted in isolation — tokens can also be deposited as collateral for margin or futures trading, not strictly for selling.

 

>>> More to read: Choosing the Right Cryptocurrency Exchange: CEX vs DEX

4. TOKEN BALANCE FLOWS AND MOVEMENT

 

Monitoring supply alone isn’t enough — the movement of assets matters. Large inflows to an exchange may signal preparation for selling, increased volatility, or arbitrage activity. Meanwhile, large withdrawals can imply accumulation, long-term holding, or reduced sell pressure.

 

🔍 For example, if whales withdraw significant amounts from exchanges into self-custody, it’s rarely a sign they intend to sell immediately. In many cases, it signals conviction — and sometimes upcoming long-term staking or liquidity provision.

5. NUMBER OF UNIQUE ADDRESSES

 

An increasing count of unique addresses holding a token can indicate growing adoption or wider distribution. At first glance, it may appear to represent organic user growth.

 

But this metric is easily manipulated — anyone can spin up thousands of addresses and distribute tokens to simulate adoption. Because of that, it’s most useful when interpreted alongside other metrics like active users, transaction count, retention patterns, or fee growth.

 

>>> More to read: What Are Blockchain Transaction Fees?

6. REAL UTILITY BEYOND SPECULATION

 

A token that exists only to pump in price rarely survives. The true test is whether people are actually using it for something meaningful — paying gas, accessing services, staking, governance, or powering real use cases.

 

To measure this, look beyond centralized and decentralized exchanges. Study on-chain transfers tied to actual activity — payments, protocol interactions, and non-speculative applications. If the only movement happening is between exchanges, that’s a red flag.

7. INFLATION RATE AND TOKEN SUPPLY DYNAMICS

 

A low circulating supply can look attractive, but it may be misleading if future token unlocks or emissions are aggressive. Inflation can dilute existing holders, especially if the newly issued supply enters the market with no meaningful utility or value capture.

 

Bitcoin is one example where inflation steadily decreases over time, reinforcing its scarcity narrative. But not every system needs to mimic Bitcoin — inflation isn’t inherently bad. The key question is whether new supply has a purpose and whether it aligns with long-term protocol sustainability.

 

>>> More to read: What is Token Unlock in Crypto? A Complete Guide

FINAL THOUGHT

 

No single metric can tell the full story. Strong DeFi analysis comes from combining these indicators instead of treating them as standalone signals. When used together, they help reveal whether a protocol is growing, stagnating, or simply running on speculation.

 

▶ More crypto articles ◀

 

 

 

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〈7 Metrics Every DeFi Investor Must Track〉這篇文章最早發佈於《CoinRank》。