In the past hour, total liquidations across the network reached $10.19 million, with $6.75 million from long positions, with $3.44 million from short positions. BTC liquidation $1.14 million, ETH liquidation $4.79 million.

Odaily Planet Daily reports that cryptocurrency derivatives exchange BitMEX has announced its closure, with trading scheduled to end on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX's decision was made after a strategic review by its parent company, HDR Global Trading. BitMEX was instrumental in promoting perpetual contracts as a key product in digital asset derivatives trading. CryptoQuant data shows that its daily Bitcoin futures trading volume has been declining since around May 2021, failing to recover to the peak daily range of $1 billion to $5 billion seen in 2020. Restructuring advisor Roshan Dharia stated that mid-sized centralized exchanges face structural pressures, with liquidity continuing to concentrate on larger platforms and compliance costs rising. He noted that the top five platforms currently control an estimated 80% of global spot trading volume, while mid-sized and regional exchanges are experiencing narrowing profit margins and lack a path to scaling. CoinGecko data shows that BitMEX ranked ninth among derivatives exchanges in August 2023, with a trading volume share of 0.9%. By 2025, it was no longer among the top ten perpetual contract exchanges, while the annual perpetual contract trading volume of these platforms increased by 47.4% to $86.2 trillion during the same period.

Odaily Planet Daily reports that crypto payment infrastructure company Moonpay now supports Discover Network payments, allowing Discover Network cardholders to buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes Moonpay's third major bank card brand supported in the US, following Visa and Mastercard. Moonpay states that this support now covers over 500 of its enterprise partners, including wallets, exchanges, and apps. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers in 180 countries and holds a New York State BitLicense, a New York State Limited Purpose Trust License, multi-state remittance licenses in the US, and EU MiCA authorization.

According to Onchain Lens monitoring, as reported by Odaily Planet Daily, two wallets belonging to the same entity unstaking 2.92 million HYPE tokens, worth approximately $170 million, after eight months of staking. Currently, the two wallets hold 0 HYPE tokens in the staking contract.