In the last 24 hours, a total of 78,530 people have been liquidated globally, with a total liquidation amount of $227 million. The largest single liquidation occurred on Bybit - BTCUSD worth $2 million.

Binance Alpha has launched MERL (MERL). Eligible Binance users who hold at least 193 Alpha points can claim 1,000 MERL airdrop tokens on the Alpha event page starting from May 20, 2025, at 9:00 UTC. The claiming operation will consume 15 Alpha points, and users must complete the confirmation within 24 hours (i.e., before May 21, 2025, at 9:00 UTC), otherwise, it will be considered as a waiver of the claim.

The Binance Alpha platform has launched the Merlin (MERL) trading competition. During the event, users trading Merlin using the Binance wallet or Binance Alpha platform can earn exclusive token rewards. The event runs from May 20, 2025, at 17:00 to June 3, 2025, at 19:00. The top 10,000 users by the amount of MERL tokens purchased during the event will share 9,840,000 MERL tokens (984 MERL per user).