Crypto Morning Flash Crash Reversal, Over $100 Million Liquidated in Less Than 4 Hours, Double Whammy for Longs and Shorts

South Korea's Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mu stated this morning that amid overseas risk shocks, only the stock market has suffered a severe blow, an unusual and rare situation unlike in the past, but the government and central bank have sufficient policy tools to address market volatility caused by external shocks. However, the market did not respond positively to Choi's market-stabilizing remarks. According to Bitget market data, at today's close, South Korea's KOSPI index dropped 302.82 points, a 4.59% decline. Heavyweight stocks SK Hynix fell 10.3% and Samsung Electronics slid 6.3%. After a sharp rebound last Friday, South Korean stocks have seen more losses than gains this week, seemingly on track to enter a new round of gradual decline and deleveraging.

Uniswap founder Hayden Adams responded to community queries, noting that the 1% liquidity pool fee adopted by some token launch platforms is equivalent to a roughly 2% bid-ask spread and serves as their main revenue extraction method. This not only increases trader costs but also causes initial liquidity pools to become inefficient after the token’s scale expands. He believes that Uniswap’s self-built pools.trade, which uses a 0.25% fee and automatic fee reinvestment, is more conducive to long-term liquidity. Additionally, LPs (liquidity providers) of these launch platforms typically come from zero-cost locked assets, so there is no price risk that requires high fees to compensate for.

Jack Dorsey’s Block Inc has added 85 Bitcoin to its holdings, bringing its total Bitcoin reserves to 9,117, placing it 15th on the Bitcoin 100 ranking.

According to monitoring by The Data Nerd, two wallets (likely belonging to the same entity) swapped 729,015 UNI, worth $3 million, for 1,578 ETH, also valued at $3 million, today.

KITE Foundation, a payment infrastructure for the AI Agent economy, tweeted that it detected an attack targeting KITE tokens. The attack was immediately identified and contained, with no funds lost. The foundation stated that its security monitoring system flagged abnormal KITE token transfer activity on the Ethereum mainnet. The team promptly initiated an incident response and suspended all KITE token transfers on the Ethereum mainnet, including cross-chain functionality. Affected tokens have been frozen and will not enter the secondary market. The investigation remains ongoing.

，日本日元稳定币发行方 JPYC 宣布完成 B 轮扩展融资，本次累计新增募资约 60 亿日元。公司表示，资金将主要用于拓展 金融与 Web3 生态，加快日元稳定币「JPYC」的社会化应用落地。公告显示，物流企业 AZ-COM 丸和控股株式会社 参与本轮投资。JPYC 认为，稳定币与物流网络结合，有望推动「链上金融」在商业、物流与资金结算场景中的整合应用。当前，JPYC 已在 Avalanche、以太坊、Polygon 和 Kaia 四条区块链上发行。