Bybit CEO BEN 发推表示，有人问及他对 Hyperliquid 一名巨鲸 ETH 大额爆仓事件的看法。他指出，这本质上涉及杠杆问题和中心化交易所（CEX）与去中心化交易所（DEX）的风险管理能力。这位巨鲸利用 Hyperliquid 的清算机制，通过提取浮动盈亏人为提高清算价格来迅速退出大额高杠杆仓位。Ben 建议 DEX 若长期提供高杠杆服务，可能需要采用类似 CEX 的风险控制手段...

<div>Bybit CEO BEN 发推表示，有人问及他对 Hyperliquid 一名巨鲸 ETH 大额爆仓事件的看法。他指出，这本质上涉及杠杆问题和中心化交易所（CEX）与去中心化交易所（DEX）的风险管理能力。这位巨鲸利用 Hyperliquid 的清算机制，通过提取浮动盈亏人为提高清算价格来迅速退出大额高杠杆仓位。Ben 建议 DEX 若长期提供高杠杆服务，可能需要采用类似 CEX 的风险控制手段，以避免类似的滥用和操控市场情况发生。<br><br></div>

Bybit CEO：DEX 若长期提供高杠杆服务，可采用类似 CEX 的风险控制手段

Bybit CEO BEN tweeted that someone asked for his views on the Hyperliquid incident involving a whale with a large ETH position. He pointed out that this essentially involves leverage issues and the risk management capabilities of centralized exchanges (CEXs) and decentralized exchanges (DEXs). This whale utilized Hyperliquid's liquidation mechanism, artificially inflating the liquidation price to quickly exit their large high-leverage position. Ben suggested that if DEXs provide high leverage services long-term, they may need to adopt risk control measures similar to CEXs.

The Bybit CEO BEN tweeted that someone asked for his views on the Hyperliquid whale ETH liquidation event. He pointed out that this essentially involves leverage issues and the risk management capabilities of centralized exchanges (CEXs) and decentralized exchanges (DEXs). This whale utilized Hyperliquid's liquidation mechanism, artificially inflating the liquidation price to quickly exit their large high-leverage position. Ben suggested that if DEXs provide high leverage services in the long term, they may need to adopt risk control measures similar to CEXs to avoid such abuse and market manipulation.

Bybit CEO: If DEX provides high leverage services for a long time, it can adopt risk control measures similar to CEX

Ethereum (ETH) founder Vitalik Buterin continues to sell off low-volume altcoins sent to his wallet.
Over the past two days, Buterin sold a total of 114,500 KNC, 30.57 million STRAYDOG, and 1.05 billi...

Ethereum Founder Vitalik Buterin Sells Three Altcoins, Onchain Data Shows

Source: Arthur Hayes, founder of BitMEX; Translated by: Jinse Finance
If I had an online dating profile, it would probably look something like this:
Irish politicians and central bank officials have created euphemisms and abbreviations to describe the act of printing money.
This article will focus on two apt examples:
Quantitative easing (QE)
Reserve Management Purchases (RMP)
The new abbreviation RMP comes from the Federal Reserve's most recent interest rate meeting on December 10th...

Hayes: RMP is essentially QE. What will happen to BTC once the market realizes this?

If you persevere and find your strengths, you will be rewarded.
Article author: 0xJeff
Article source: TechFlow TechFlow
2025 was filled with unprecedented turmoil and change. We welcomed a US president who was reportedly a supporter of cryptocurrencies and artificial intelligence. However, instead of the expected bull market, 2025 became a year of "massacre" for the entire industry.
Most Altcoin experienced a crash of 80%-99% in 2025.
Bitcoin's market capitalization share has returned to 2019-2020 levels (over 6...).