Crypto market observers are questioning the accuracy of widely reported liquidation figures, arguing that the commonly cited totals are likely understated because major centralized exchanges do not fully expose all forced-closure activity in their public data feeds. A K33 Research analyst, Vetle Lunde, said exchanges including Binance, Bybit, and OKX changed their liquidation reporting around mid-2021 in ways that can materially suppress the number of liquidations shown in real time, making current figures “wildly underreported.”

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New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

Defillama ·

BULK unveils a SPAN-inspired portfolio margin engine that cuts collateral needs by up to 69%, bringing CEX-grade risk management fully onchain for DeFi traders

BULK unveils a SPAN-inspired portfolio margin engine that cuts collateral needs by up to 69%, bringing CEX-grade risk management fully onchain for DeFi traders

𝕏/@bulktrade ·

AscendEX ceases operations and pauses automated withdrawals, requiring manual review for all requests

AscendEX ceases operations and pauses automated withdrawals, requiring manual review for all requests

Telegram/ZachXBT ·

BIS Bulletin 125 shows CEX pay stablecoin holders using reserve returns or market income, with reserve-based yields tracking policy rates while activity-based yields are volatile, potentially shaping future macro-financial implications as stablecoins become bank deposit substitutes or funding for exchanges' risky activities.

BIS Bulletin 125 shows CEX pay stablecoin holders using reserve returns or market income, with reserve-based yields tracking policy rates while activity-based yields are volatile, potentially shaping future macro-financial implications as stablecoins become bank deposit substitutes or funding for exchanges' risky activities.

bis.org ·

Delphi Digital's "State of Token Markets" report reveals insider unlocks costing ~7% excess return per event, no value accrual to holders, and disastrous CEX listings (median down 82%) defined poor token returns, but major DeFi protocols now fix this by routing fees to holders via buybacks (Hyperliquid, Uniswap, Jupiter, Aave) and gating supply on KPIs, while institutional IBIT holdings surged 62% year-over-year, creating the strongest setup token asset class has ever had.

Delphi Digital's "State of Token Markets" report reveals insider unlocks costing ~7% excess return per event, no value accrual to holders, and disastrous CEX listings (median down 82%) defined poor token returns, but major DeFi protocols now fix this by routing fees to holders via buybacks (Hyperliquid, Uniswap, Jupiter, Aave) and gating supply on KPIs, while institutional IBIT holdings surged 62% year-over-year, creating the strongest setup token asset class has ever had.

𝕏/@Delphi_Digital ·

Microsoft-backed Space and Time launches virtual vaults for institutional lending, enabling real-time, cryptographically verified collateral tracking across CEX and DeFi

Microsoft-backed Space and Time launches virtual vaults for institutional lending, enabling real-time, cryptographically verified collateral tracking across CEX and DeFi

CoinTelegraph ·

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