7 月 14 日，据余烬监测，「内幕交易员」@qwatio 的仓位于今日 13:24 被全部清算，本次其做空 1001 万美元资金最终残余 45 万美元，亏损 956 万美元。

<div><p>7 月 14 日，据余烬监测，「内幕交易员」@qwatio 的仓位于今日 13:24 被全部清算，本次其做空 1001 万美元资金最终残余 45 万美元，亏损 956 万美元。</p></div>

「内幕交易员」@qwatio空单已触发全仓清算，亏损956万美元

On July 14, according to Ember monitoring, the position of the "insider trader" @qwatio was fully liquidated at 13:24 today. This time, their short of $10.01 million ultimately left $450,000, resulting in a loss of $9.56 million.

<div><p>On July 14, according to Yujin monitoring, the position of "insider trader" @qwatio was fully liquidated at 13:24 today. This time, their short of $10.01 million ultimately left $450,000, resulting in a loss of $9.56 million.</p></div>

"Insider trader" @qwatio's short order has triggered cross margin liquidation, resulting in a loss of US$9.56 million

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...