Latest news with #HTX
Globe and Mail
10 hours ago
- Business
- Globe and Mail
HTX-Listed Token SPK Surges 43% on July 23
Panama City, Panama--(Newsfile Corp. - July 24, 2025) - According to data from HTX, a global leading crypto exchange, SPK, the native token of Spark, surged 43% on July 23. SPK/USDT spot trading and SPK/USDT perpetual futures are available on HTX. HTX-Listed Token SPK Surges 43% To view an enhanced version of this graphic, please visit: Spark is an on-chain capital allocator, with $3.86B deployed across DeFi, CeFi, and RWA. It unlocks capital efficiency at scale, auto-balancing allocations based on market conditions while maintaining a conservative risk profile. Spark was created to solve DeFi's core inefficiencies: fragmented liquidity, unstable yields, and idle stablecoin capital. It acts as a two-sided capital allocator—borrowing from Sky's $6.5B+ reserves and deploying across DeFi, CeFi, and RWAs to provide deep, consistent liquidity. Rather than competing with protocols, Spark powers them as the liquidity and yield infrastructure for onchain finance. Spark's key offerings include SparkLend, a stablecoin lending market; Spark Savings, a product for earning yield on stablecoins by converting them into yield-bearing assets; and Spark Liquidity Layer (SLL), a backend capital allocator that routes liquidity to other protocols like Aave, Morpho, and RWAs. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance," HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
Yahoo
a day ago
- Business
- Yahoo
$1.29B in Crypto Liquidations Just Rocked the Market—Here's What Seasoned Traders Are Watching Next
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency market just experienced one of its most brutal liquidation events in recent memory, with $1.29 billion wiped out in a single 24-hour period. As 277,309 traders saw their positions forcibly closed, the carnage reveals both the explosive growth and inherent risks of leveraged crypto trading. The Liquidation Breakdown: Longs vs. Shorts The data tells a compelling story of market sentiment gone wrong. Short positions—bets that prices would fall—bore the brunt of the damage across all timeframes: 24-Hour Liquidations: Long positions: $149.15 million liquidated Short positions: $1.14 billion liquidated This 8-to-1 ratio suggests that many traders were caught off-guard by an unexpected price surge, forcing exchanges to automatically close their losing short positions. The pattern held consistent across shorter timeframes, with shorts consistently outpacing long liquidations by significant margins. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The $88.55M Single Trade That Shook HTX Perhaps most striking was the largest single liquidation: an $88.55 million BTC-USDT position on HTX exchange. This massive trade represents either an institutional player's catastrophic miscalculation or a whale's leveraged bet that went spectacularly wrong. Such large liquidations can trigger cascading effects, as exchanges dump the underlying assets to cover losses, further pressuring prices. What This Means for Different Types of Investors For Retail Investors: This liquidation event serves as a stark reminder of leverage's double-edged nature. While 100x leverage can amplify gains, it can also lead to complete account wipeouts with relatively small price movements. The fact that nearly 300,000 traders were liquidated in just 24 hours demonstrates how quickly fortunes can reverse. For Institutional Players: The heavy concentration of short liquidations suggests that many sophisticated traders may have been positioning for a market downturn that never materialized. This could indicate a broader shift in market sentiment or the influence of unexpected catalysts that caught even experienced traders off-guard. Trending: New to crypto? on Coinbase. The Broader Market Context Liquidation events of this magnitude don't occur in isolation. They typically coincide with: Significant news events or regulatory announcements Technical breakouts that surprise overleveraged traders Coordinated moves by large market makers Broader macroeconomic shifts affecting risk appetite The predominance of short liquidations suggests the market moved higher than expected, potentially breaking through key resistance levels that many traders had bet against. Key Takeaways for Navigating Volatile Markets Risk Management Is Everything: The traders who survived this liquidation event likely had proper position sizing and risk management protocols. Never risk more than you can afford to lose, especially with leverage. Sentiment Can Shift Rapidly: The heavy short bias that led to these liquidations shows how quickly market sentiment can be proven wrong. Diversification across different strategies and timeframes can help weather such storms. Liquidity Matters: During high-volatility periods, liquidity can dry up quickly, exacerbating price movements and making liquidations more likely. Consider this when sizing positions. Watch the Whales: That $88.55 million liquidation reminds us that even large players can be wrong. Don't assume institutional money is always smart money. As the crypto market continues to mature, events like these serve as important reminders that while the potential for extraordinary gains exists, so too does the risk of extraordinary losses. The 277,309 traders who faced liquidations yesterday learned this lesson the hard way—but their experience offers valuable insights for those still in the game. Read Next: A must-have for all crypto enthusiasts: . 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to invest in the future of sustainable plastic before time runs out. Image: Shutterstock This article $1.29B in Crypto Liquidations Just Rocked the Market—Here's What Seasoned Traders Are Watching Next originally appeared on
NDTV
2 days ago
- Business
- NDTV
Crypto Mogul And Trump Ally Justin Sun To Board Blue Origin's Space Flight
Crypto entrepreneur Justin Sun will join five others on Blue Origin's next space tourism flight, the company announced today. Sun founded TRON, a blockchain platform, and serves as an advisor to HTX, one of the world's largest cryptocurrency exchanges. He placed the top bid of $28 million for a seat on Blue Origin's tourism craft in 2021. The proceeds were donated to Blue Origin's Club for the Future foundation to benefit space-based charities. In May, Sun was one of the top holders of President Donald Trump's memecoin and attended a dinner with Trump at his golf club outside Washington. Last week, Sun wrote in a post on X that he was committed to buying $100 million worth of Trump memecoins. The move would help raise the price of the coin by more than 10%. We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto. This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes. $TRUMP on #TRON is the currency of #MAGA!… — H.E. Justin Sun 🍌 (@justinsuntron) July 9, 2025 The US Securities and Exchange Commission sued Sun and his companies in March 2023 for allegedly selling unregistered securities and secretly paying celebrities to promote them, an investigation which was paused earlier this year. The other members on board will be real estate investor Arvi Bahal; Turkish businessman Gokhan Erdem; meteorologist and journalist Deborah Martorell; teacher Lionel Pitchford; and JD Russell, founder of venture capital firm Alpha Funds. The flight date will soon be announced, Blue Origin said.
Bloomberg
3 days ago
- Business
- Bloomberg
Crypto Mogul and Trump Ally Justin Sun Set for Blue Origin Flight
By Crypto entrepreneur Justin Sun will join five others on Blue Origin 's next space tourism flight, the company announced today. Sun founded TRON, a blockchain platform, and serves as an advisor to HTX, one of the world's largest cryptocurrency exchanges. He placed the top bid of $28 million for a seat on Blue Origin's tourism craft in 2021. The proceeds were donated to Blue Origin's Club for the Future foundation to benefit space-based charities.
The Star
4 days ago
- Automotive
- The Star
Two-in-one Singapore airport police robot on trial can patrol and serve as PMD with ride-hailing feature
The Singapore Police Force is seen showcasing the hybrid human-rideable robot called Gibson at Changi Airport Terminal 4, on July 16. -- ST PHOTO: CHONG JUN LIANG SINGAPORE (The Straits Times/ANN): A police patrol robot that doubles as a personal mobility device (PMD) for officers is being trialled at Changi Airport Terminal 4. The autonomous robot, called Gibson, is outfitted with multiple cameras and sensors to help it avoid obstacles and people. Officers can also use it for transportation, to cover long distances at the airport quickly. The Home Team Science and Technology Agency (HTX) developed Gibson in collaboration with the A*Star Institute for Infocomm Research. The trial began in early July. 'Gibson was inspired by the concept of creating a buddy robot for our officers,' said HTX engineer Seah Qi Yan from the Robotics, Automation and Unmanned Systems Centre of Expertise. 'They can use it as a PMD in their operations and transform it into an autonomous robot when not in use.' Gibson was developed to advance human-robot collaborations in the Home Team, Seah added. Its ride-hailing function is a key feature that was developed in-house. Using their phone or tablet to access the robotics platform, officers can call for an available robot to meet them at a nearby pickup point. While travelling aboard Gibson, they can select the autonomous function to get them to their destination as they tend to other matters, such as reviewing incidents on their devices. Alternatively, officers may choose to drive it manually by using a physical key. Two of the robots were shown to the media on July 16 at Terminal 4. Each robot has safety features such as automatically stopping if someone attempts to get on it while it is moving. Attempts to block Gibson intentionally as it is patrolling will cause it to sound a horn. Named after inventor Arthur Hugo Cecil Gibson, who made the first motorised scooter in the early 1900s, it is the second type of police robot to be used at the airport. The first police patrol robots were introduced at the airport in April 2023, after more than five years of trials and smaller-scale roll-outs. Superintendent of Police Patrick Pang, an operations officer for planning and readiness from the Airport Police Division, said Gibson will complement existing police patrols and enhance the police presence at the airport. He said: 'The ride-hailing function makes it convenient for officers to summon Gibson without having to manually search for one. 'And with the autonomous mode, our officers do not have to worry about where to park, as it can resume its patrols without returning to a designated parking lot." -- The Straits Times/Asia News Network
