Some Blue-Chip NFTs on Multiple NFT Lending Platforms Have Entered Liquidation, Including BAYC, Azuki and Other Series
According to the loan agreement liquidation interfaces of BendDAO, ParaSpace, JPEG'd, and others, some blue-chip NFTs have entered liquidation, including BAYC, Azuki, and others. Currently, the liquidation situation of NFTs on each platform is as follows:
BendDAO: includes 2 BAYC, 1 Azuki, 2 Moonbird, and 1 CloneX;
ParaSpace: includes 1 BAYC and 1 stakefish validator;
JPEG'd: includes 2 Azuki, with starting prices of 2.86 ETH and 2.97 ETH respectively.
In the past 1 hour, the entire network liquidated about 67 million U.S. dollars, of which ETH liquidated 29.56 million U.S. dollars
Coinglass data shows that in the past hour, the total amount of liquidation across the network was 67.38 million US dollars, of which Bitcoin liquidation was about 24.31 million US dollars, and Ethereum liquidation was about 29.56 million US dollars. According to the exchange, the proportion of liquidation on OKX is nearly 40%, while Binance and Huobi account for nearly 20% each.
In the Past 12 Hours, the Entire Network Has Liquidated 132 Million U.S. Dollars, and the Multi-Order Liquidation Has Reached 123 Million U.S. Dollars
According to Coinglass data on August 17th, the total amount of liquidation on the entire network in the past 12 hours was 132 million US dollars, of which long positions were liquidated for 123 million US dollars, BTC was liquidated for 44.993 million US dollars, and ETH was liquidated for 19.4744 million US dollars.
In The Past Hour, the Entire Network has Experienced a Liquidation of $90 Million
As per Coinglass data, the entire network has experienced a liquidation of 144 million US dollars in the past 24 hours, and a liquidation of 90 million US dollars in the past hour. Among them, Bitcoin liquidated 31.3 million US dollars, and Ethereum liquidated 9.6 million US dollars.
Crypto project Bitcache, founded by Kim Dotcom, begins liquidation process in New Zealand over unpaid legal fees
Bitcache, a cryptocurrency project founded by Kim Dotcom, has gone into liquidation in New Zealand due to unpaid legal fees. Dotcom tweeted that a law firm had invoiced the company for past legal fees, despite having offered to work for shares in the company. Dotcom said he supported the liquidation of the firm, which he had been an evangelist for. However, he added that the project would continue under a new name, Fileshop, which was being developed from scratch with a new code base and without any of the Bitcache IP.
Bitcache, Kim Dotcom’s Lightning Network-Based Micropayments Service, Placed Into Liquidation After Failing To Launch
Bitcache, a micropayments service based on the Lightning Network and created by Kim Dotcom, the founder of Megaupload, has been placed into liquidation after failing to launch. Despite a reported $5 million crowdfunding effort in 2016 and a promised ICO in 2018, the project never got off the ground.
Analytics Firm Issues Warning, Says Ethereum Rival That's Up Over 150% Year-to-Date Losing Steam
Crypto analytics firm Santiment has warned that Solana's recent rally may be losing momentum after being propelled by the liquidation of shorts. The firm suggests that the best time to have bought into Solana was during the second week of June when funding rates had bearish spikes.
Ethereum Whale Loses Nearly $2 Million in Short Position Liquidation as ETH Maintains $1,900 Price Zone
July 4 (Cointime) - The price of ETH remains stable at around $1,900. An Ethereum whale lost almost $2 million in a short position liquidation. Despite a 4% increase in overall value, an Ethereum whale took a short position on ETH, resulting in losses of over $1.88 million.
BlockFi Creditors Push for Chapter 11 Trustee Amid Allegations of Fraud and Broken Promises
June 28 (Cointime) - BlockFi's Official Committee of Unsecured Creditors has filed a court document calling for a Chapter 11 trustee to be appointed, exclusivity periods to be terminated, or the cases to be converted to Chapter 7 proceedings. The UCC claims that BlockFi customers do not have a clear understanding of what happened, which is "facilitating case mischief."
Understanding Cryptocurrency Liquidation: A Risk Management Mechanism for Traders and Platforms
June 28 (Cointime) - Liquidation is a process in the cryptocurrency industry where a trader's position is forcibly closed by the exchange or platform if they are unable to meet the margin requirements. This mechanism is designed to protect both traders and the platform from excessive losses. When trading on margin, traders can borrow funds from the exchange or platform to amplify their trading positions, but this also increases potential losses.
