crash

Bitcoin Core has discovered 3 new vulnerabilities, one of which allows attackers to remotely crash nodes. This vulnerability can affect nodes running Windows, macOS, or BSD by exhausting memory, while Linux nodes are not affected by this attack.Another vulnerability can gradually deplete node memory, and the third may corrupt blockchain rollback data.

Semiconductor analyst Jukan shares a commentary translated into English by him, authored by a salesperson from a local Chinese sell-side institution. The individual states: In mid to late September, hardware quickly transitioned into a downward wave, with China and South Korea adjusting first, experiencing deeper declines and longer durations, followed by Japan, Taiwan, and the semiconductor ETF SOXX weakening subsequently; there is significant divergence in the market regarding whether AI is entering a mid-cycle collapse, but there is less controversy about the industry still advancing.The individual summarizes the views of interviewed investors: High long-term interest rates in the U.S., capital expenditures beginning to rely on external financing and competing for funds in the market, multi-layered leverage accumulation, and tight funding are the main reasons for this round of decline, with companies like CoreWeave experiencing a noticeable deterioration in financing structure and cost burden. Model invocation prices are decreasing, but capital expenditures and supply chain costs are difficult to reduce quickly, making short-term investment returns hard to realize. ASML and TSMC's guidance this season is strong, but near-term pressures cannot be ruled out; the bullwhip effect and differences in value chain levels may cause volatility to be greater than expected.The individual also mentions that use cases beyond coding are emerging in scenarios such as SaaS and AI drug development, which may gradually alleviate investment return concerns and expand demand. His personal judgment: Before more evidence emerges, the current situation resembles a high-volatility phase rather than a collapse that has already begun; the decline may not yet be over, and hardware leadership may give way to applications. Even if control of both houses changes in the midterm elections, the impact may mainly be limited to constraints on certain data center projects, and the U.S. earnings season needs to verify the performance of large technology companies.

The trading execution platform Tread.fi CEO DYJ published an analysis of the flash crash of AI concept stocks' perpetual contracts in the US stock market early in the morning, stating that the sell-off began at Binance. A trader liquidated approximately 2 million dollars of SanDisk long positions, triggering a sharp decline in other markets due to the thin depth of the order book.According to the transaction timeline listed, a large amount of active selling first appeared on SNDK at Binance, with a transaction amount of about 407,000 dollars in the first second, followed by about 1,030,000 dollars in the next second, and MU also began to see selling in the same second. Hyperliquid then saw sweeping orders, with about 10 addresses submitting IOC sell orders concentrated on SNDK, SOXL, DRAM, SKHX, SKHY, and MU within 1.8 seconds, followed by a second round of synchronized selling. These orders were all used to open new short positions, rather than just reducing positions.In the minute of the first concentrated selling, the transaction amounts for SNDK and MU on Binance were approximately 21.9 million dollars and 5.1 million dollars, respectively, while the corresponding transaction amounts on Trade.xyz were about 3.1 million dollars and 300,000 dollars. The transaction amount for MU on Hyperliquid subsequently expanded to 10.8 million dollars and 9.5 million dollars within the next two minutes, which DYJ attributed to chain liquidation.

According to CoinDesk, it has been one year since the "1011 crash" that triggered approximately $19 billion in leveraged liquidations in the crypto market. Analysts warn that the potential structural risks that caused this flash crash still exist.In October 2025, Bitcoin experienced a sudden flash crash just days after reaching a historic high of over $126,000, plummeting from around $122,000 to $105,000 in a short period, leading to a concentrated liquidation of large leveraged long positions.Mark Connors, an analyst at Risk Dimensions, pointed out that recent short-term price movements are still highly driven by derivatives such as perpetual contracts rather than on-chain data. The exchanges' inclination towards high-leverage products has also failed to eliminate the risks of flash crashes; moreover, the traditional four-year halving cycle has changed, with macroeconomic and political forces playing a more critical role.Chris Sullivan, co-founder of Hyperion Decimus, suggested that traders should avoid excessive leverage, closely monitor open interest, funding rates, and market sentiment indicators, while long-term investors should consider moving their assets off trading platforms to self-custody.

Eric Trump, the second son of Donald Trump, posted on X mocking Hunter Biden's cryptocurrency failure, stating, "Hunter Biden should go back to painting."After the launch of the meme coin LAPTOP issued by Hunter Biden on the Base chain today, it experienced a dramatic drop, with a decline of up to 99%.

According to Gate market data, the market experienced a collective short-term crash, with TRUMP dropping over 15%, ZEC, SOL, and XRP all dropping over 10%, and ETH dropping over 8%.

The research institution 10x Research published that Bitcoin's current price of about $63,000 is a critical level that will determine whether market sentiment trends towards a bottom or a collapse. Bitcoin had been fluctuating narrowly around $60,000 for six months before the 2024 U.S. election, and this level also served as the top construction area of the 2021 cycle. After Trump's victory confirmation, Bitcoin quickly rose from $70,000 to $90,000, briefly falling below $90,000 during the tariff impact in April 2025, but due to most holders still being in profit, the trading during this pullback was light.10x Research stated that due to the very low turnover in the $70,000 to $90,000 range, it warned in November 2025 that if it fell below $93,000, Bitcoin could experience a sharp decline, as there was almost no supply to slow the decline from that range down to around $65,000, and the subsequent downward trend confirmed this judgment. Currently, Bitcoin is once again consolidating in the $60,000 area for about six months, but during this period, the actual distribution of turnover chips has significantly changed, which has a substantial impact on the next movement of this position. The institution will further elaborate on the importance of this level, the role of exchange balances, and the timing of leveraged traders possibly returning to the market.

According to the Financial Times, Situational Awareness, an AI-themed hedge fund founded by 25-year-old former OpenAI researcher Leopold Aschenbrenner, is seeking new funding following significant losses due to a sharp correction in AI-related stocks.In recent communications, Aschenbrenner acknowledged the increased market volatility, describing it as a new investment opportunity and encouraging investors to inject new capital. The fund's heavy investments in AI data centers, power, storage, and GPU cloud-related assets have seen significant declines during this round of AI capital expenditure deal pullback.

According to CoinDesk, the stablecoin market experienced its largest correction in recent years in June, with a total market value decrease of $7.7 billion, marking the largest monthly decline since the Terra-Luna collapse in May 2022.Since the peak in May, the stablecoin market has shrunk by approximately $10 billion, with two major stablecoin issuers being the main driving factors behind this round of correction: the market value of USDT issued by Tether has dropped from about $190 billion in May to $184 billion, a decrease of about $6 billion; USDC issued by Circle has fallen from a high of nearly $80 billion in March 2026 to about $73 billion, shrinking by about $7 billion.However, compared to the cumulative decline of over 26% in the stablecoin market during the crypto winter of 2022, this round of adjustment is still relatively mild. Wall Street institutions remain optimistic about the long-term prospects of stablecoins, with Citigroup previously estimating that the global stablecoin market could reach $1.9 trillion under a baseline scenario by 2030, and could rise to $4 trillion under an optimistic scenario.

Regarding the incident of "Humanity being stolen over 31 million dollars," on-chain detective ZachXBT stated, "It's unclear whether this is a hacker theft or malicious behavior from the project team. From the K-line chart, given the concentration of supply, the H team is likely collaborating with an active market maker. However, all H tokens were sold on decentralized exchanges (on-chain), not centralized exchanges."

According to CoinDesk, Jim Ferraioli, Director of Digital Asset Research at Charles Schwab, stated that the recent weakness in Bitcoin is not due to a decline in institutional demand or Michael Saylor selling Bitcoin, but rather it is losing its position as the market's dominant momentum trading asset.He pointed out that crypto investors have traditionally followed momentum, and currently, momentum has left the crypto space. Funds are flowing into hot narratives such as AI-related stocks and IPOs, with SpaceX's IPO potentially valued at $1.8 trillion, and a number of other IPOs collectively raising over $200 billion, drawing liquidity away from the crypto market. Crypto traders are also speculating on pre-IPO stocks through synthetic derivative contracts on DEXs like Hyperliquid.Ferraioli downplayed the impact of Strategy selling 32 Bitcoins, believing it merely provided a convenient narrative for a broader trend that has already occurred. He noted that while Bitcoin ETFs have expanded access channels, this asset class is still primarily dominated by retail and momentum traders. Summer has historically been a season of weakness for Bitcoin, and there is currently a lack of buying reasons as investors have other options.

The edgeX official report on the abnormal price fluctuations of the EDGE token states that the EDGE price once dropped from approximately $1.12 to about $0.32 within about 1 hour, during a period of weak liquidity, due to concentrated sell-offs from multiple addresses combined with high-leverage long liquidations and flash crashes triggered by CEX interactions. There were no changes to the team address during this period.edgeX stated that it will strengthen market making and liquidity, and set up a reward of 200,000 USDC on-chain to trace the addresses associated with the attack. At the same time, for users who incurred actual realized losses due to long positions in EDGE being liquidated or triggering stop-losses on edgeX Perp V1/V2 within a specified time window, the platform will provide goodwill compensation based on the actual loss amount, with a limit of 100,000 USDC per person, of which 50% will be distributed in USDC within 7 days after review, and 50% will be distributed in EDGE based on the 7-day TWAP in the first week of April 2027.

According to CoinDesk, around 11 PM Beijing time on May 28, the SPACEX-USDH perpetual contract on Hyperliquid plummeted from $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, and then partially rebounded to $2,157.This flash crash resulted in the liquidation of 1,393 positions held by 405 users, with a nominal value loss of $1.51 million. The median margin of the liquidated positions was only $31, indicating a predominance of retail investors. This contract is a synthetic perpetual contract for SpaceX's market valuation, as SpaceX is not yet publicly listed and has no publicly available price benchmark, trading only on a private secondary market aimed at qualified investors. The trading volume of this contract in the past 24 hours was only $5.01 million, with an open interest of less than $2.9 million, and the market depth was insufficient to absorb large sell orders. SpaceX plans to conduct an IPO in June.

According to CoinDesk, some Revolut users saw the price of Bitcoin (BTC) briefly drop significantly below global market levels in the app on Friday. The candlestick chart showed that the price plummeted suddenly before quickly returning to normal ranges, with the lowest quote even being captured in a screenshot at around $0.02.Currently, mainstream exchanges tracked by CoinGecko and CoinMarketCap have not shown similar anomalies, with BTC trading around $79,000 during the same period. Revolut has not yet responded to whether there were actual trades executed at the abnormal price. If there were indeed trades, the platform may need to determine whether it was due to real liquidity matching, quote routing issues, or errors in front-end price display. Industry insiders say that insufficient liquidity depth, temporary withdrawal of market makers, or disruptions in quote sources could all lead to extreme "flash crash" scenarios on a single platform.

Recently, "Cathie Wood" had a podcast conversation with CZ, where Cathie clarified her comments from last year regarding the 1011 cryptocurrency market flash crash. In the "flash crash" event, Binance did not actually trigger the flash crash; it was the sharp decline that caused the malfunction, compounded by tariff panic that amplified the market's vulnerability.CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said Binance caused the crash. I'm glad you have clarified this now.

According to GMGN market information, yesterday afternoon, the Binance Alpha project BSB continued to decline, and by midnight at 11 PM, the drop suddenly accelerated, plummeting over 60% in a short time, with the coin price falling from the $0.9 range to a low of $0.32.The previous day, a suspected team address transferred tokens to the Bybit deposit address, totaling 5 million BSB tokens, with a total value of approximately $3.6534 million. The tokens from this sending address previously originated from the BSB team's multi-signature address. The team has frequently staged sell-offs recently, with the BLESS team, also part of the Binance Alpha project, selling off $5.09 million worth of tokens after a sustained price increase, leading to a price crash. Additionally, team addresses such as LayerZero, AIOT, BIRB, and PUMP have also taken advantage of ample liquidity to sell off some tokens in the altcoin market recently.