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CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4261 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
SpaceX has transferred out another 1,083 bitcoins within a week, with some funds yet to be transferred.

SpaceX has transferred out another 1,083 bitcoins within a week, with some funds yet to be transferred.

PANews reported on December 5th that, according to ai_9684xtpa monitoring, SpaceX transferred out 1083 bitcoins again after a week, with a total value of approximately $99.81 million. Of these, 800 bitcoins (approximately $73.71 million) were received by a new address, bc1qy...xv5g9, and no further transfers have occurred. It is worth noting that the bitcoins transferred by SpaceX a week ago have also not been subsequently transferred.

Author: PANews

2025/12/05

The Next Major Crypto Exchange

The Next Major Crypto Exchange

The post The Next Major Crypto Exchange appeared on BitcoinEthereumNews.com. A major shift is underway in the global crypto exchange landscape. As traders evaluate new platforms capable of meeting the modern demands of digital asset trading, one name is steadily rising across industry discussions.  USE.com has begun positioning itself as one of the strongest new entrants in the centralized exchange category, with its upcoming Beta launch drawing heightened interest from global traders, analysts, and early adopters. The anticipation surrounding USE.com does not stem solely from hype. The platform represents a new generation of exchange infrastructure built for speed, institutional security, global accessibility, and multi-product versatility. These characteristics are increasingly important as traders seek alternatives to long-established platforms that may no longer meet evolving performance, compliance, or user-experience expectations. With momentum building ahead of its launch, USE.com is gearing up to become one of the leading crypto exchanges. Infrastructure Built for High-Performance Trading Centralized exchanges are only as strong as the systems that power them. USE.com is engineered around a high-performance matching engine designed for rapid order execution and minimal latency.  This makes the platform suitable for high-frequency trading, large-volume execution, derivatives strategies, and volatile market conditions where efficiency directly affects profitability. Deep liquidity and optimized routing systems support smooth execution even during peak market activity.  This allows traders to operate confidently without the fear of slippage or delayed fills.  Performance has become a top priority for global traders, and USE.com is entering the market with an infrastructure built to meet the expectations of professional users. Institutional-Grade Security and Strong Compliance Foundations Security remains one of the most decisive factors when selecting a crypto exchange.  Capital flows, regulatory expectations, and user concerns have all increased the pressure on platforms to offer long-term protection and operational reliability.  USE.com addresses these needs with a security model modeled after institutional standards. The platform integrates…

Author: BitcoinEthereumNews

2025/12/05

Most Talked-About Altcoin of Recent Months Reveals Its Plans for 2026 – Major Updates Are Coming

Most Talked-About Altcoin of Recent Months Reveals Its Plans for 2026 – Major Updates Are Coming

The post Most Talked-About Altcoin of Recent Months Reveals Its Plans for 2026 – Major Updates Are Coming appeared on BitcoinEthereumNews.com. Decentralized cryptocurrency exchange Aster (ASTER) has announced its comprehensive roadmap for the first half of 2026. According to the company’s statement, the new Layer-1 (L1) mainnet, called Aster Chain, will go live in the first quarter of 2026. This will be followed by ASTER staking, on-chain governance, and smart monitoring tools in the second quarter of 2026. The Aster team also claimed to have completed key milestones throughout 2025, including the completion of the Astherus and ApolloX merger, the launch of the TGE, the launch of the mobile app, multiple CEX listings, and the launch of new products such as Hedge Mode, Trade & Earn, and a buyback program. The team stated that it will move to a new growth model in 2026, which it describes as “three engines feeding each other”: infrastructure, token usage, and community-ecosystem development. December 2025 will be a busy month for Aster. In the first days of the month, Shield Mode, which provides privacy for high-leverage trades, and TWAP strategy orders, which aim to reduce slippage through algorithmic price averaging, will be launched. In mid-December, the real-world assets (RWA) upgrade will be launched, strengthening equity futures products with broader asset support and deeper liquidity. At the end of the month, Aster Chain’s testnet will be available to the community, allowing for broad testing of the new L1 infrastructure before its public release. In addition to the mainnet launch in the first quarter of 2026, Aster Code, a toolkit that will enable developers to develop applications on Aster more quickly and easily, will be introduced. Furthermore, by offering fiat on-ramp and off-ramp services through third-party providers, users will be able to more easily enter and exit the ecosystem with fiat currencies. In the second quarter of the year, the focus will shift to the token economy.…

Author: BitcoinEthereumNews

2025/12/05

Coinglass Data Shows Bearish Funding Rates Across Major Coins on CEXs and DEXs

Coinglass Data Shows Bearish Funding Rates Across Major Coins on CEXs and DEXs

The post Coinglass Data Shows Bearish Funding Rates Across Major Coins on CEXs and DEXs appeared on BitcoinEthereumNews.com. COINOTAG News, December 5 — Based on Coinglass data, the funding rates across major CEXs and DEXs signal a bearish backdrop for perpetual contracts, with the attached figure noting the latest readings for key assets. In practice, the funding rate is a periodic fee designed to tether the contract price to the underlying spot price, balancing long and short exposure on the platform. Rather than a platform charge, it functions as a cost of carry between traders, guiding profitability of leveraged positions. A rate around 0.01% is viewed as the baseline; prints above this threshold imply renewed bullish momentum, while rates below roughly 0.005% indicate creeping bearish pressure. Traders and risk managers should use this metric as a sentiment proxy and hedge cost reference, adjusting strategies as funding dynamics evolve. The current regime underscores cautious risk posture, with liquidity and funding costs shaping near-term positioning. Source: https://en.coinotag.com/breakingnews/coinglass-data-shows-bearish-funding-rates-across-major-coins-on-cexs-and-dexs

Author: BitcoinEthereumNews

2025/12/05

HumidiFi's lightweight white paper reveals: 90% of tokens are controlled by the team; can "Solana's largest DEX" support 69 million FDV?

HumidiFi's lightweight white paper reveals: 90% of tokens are controlled by the team; can "Solana's largest DEX" support 69 million FDV?

HumidiFi, the largest dark pool protocol on Solana, has become the largest DEX on Solana in terms of trading volume within six months of its launch, accounting for over 50% of the market. It is scheduled to launch on December 5th via TGE. Let's talk about this rather cryptic little book that HumidiFi has just released, and see what HumidiFi has done. People are used to classifying HumidFi as a "dark pool" platform, while HumidFi refers to its own DEX model as a "Prop AMM" self-operated market maker. Compared to the traditional AMM's passive matching of trades (k = x * y), the Prop AMM is more proactive in market making, which is reflected in three aspects: 1) Off-chain computation We monitor prices on centralized exchanges such as Binance and Coinbase, as well as on-chain DEXs, using high-performance, ultra-low-latency servers. Predictive models are used to forecast future trends. 2) Custom Oracle The latest prices, market conditions, and inventory updates are sent to HumidiFi on-chain in real time. 3) On-chain execution Nozomi enables direct connections with primary validators, reducing latency and facilitating transaction completion. Of course, the on-chain smart contract also handles fund management. To give a straightforward example, 1) Traditional AMM In a traditional AMM (Average Transaction Model), k = x * y, the price is actually determined based on the change in the ratio of the two tokens in the trading pair. Large purchases can cause the price curve to change rapidly. For example, if you buy 10,000 USDC of Trump, the actual slippage may be greater than 2%. 2) HumidiFi First, the off-chain server monitored prices on various platforms and found that there were ample sell orders for Trump on Binance, and the price was relatively stable in the short term. Oracles communicate with on-chain contracts to inform them of the situation, ensuring that the price of the on-chain contract does not need to increase significantly during execution. As a result, traders can enjoy lower slippage. In addition, the light paper also mentions two scenarios: "managing and rebalancing on-chain inventory" and "identifying and punishing toxic arbitrage and informed bots". Specifically, when the ratio of the two tokens in the LP pool is excessively skewed, for example, during a downtrend, there is too much SOL reserved in the SOL-USDC trading pool because users are selling their SOL to the pool and exchanging it for USDC. HumidiFi detected an inventory imbalance, which posed a risk, and therefore lowered its SOL selling price. Assuming the current price of CEX SOL is 138 USDT, HumidiFI could be offered at 137.5 USDT to attract arbitrage and rebalance the LP pool ratio. To combat malicious arbitrage and preemptive trading bots, Nozomi's VIP channel is the main solution, allowing for effective order cancellation before orders are filled. Therefore, HumidiFi can actually "transform from a single DEX into a universal liquidity layer for the Solana Internet Capital Market," a statement also mentioned in the light paper. There's not much to talk about regarding the token economic model. $WET has a total supply of 1 billion, 90% controlled by the team, and 10% will be unlocked during the ICO TGE. The ICO FDV is $69 million, which is quite a good deal, but the whitelist has already been snapshotted, so don't even think about it. Dark pools, like prediction markets, are one of the recent trends and worth paying close attention to. CZ has mentioned them before. HumidiFi is the most noteworthy project so far and can serve as a starting point for learning. That's all.

Author: PANews

2025/12/05

Aster Unveils 2026 Roadmap With L1 Launch and Major December Upgrades

Aster Unveils 2026 Roadmap With L1 Launch and Major December Upgrades

Aster has released its 2026 H1 roadmap, marking the transition from a year of fast-paced expansion to a year of technical consolidation.  The company confirmed that 2025 wrapped up with several high-impact milestones, including the merger between Astherus and ApolloX, the token generation event, the launch of its mobile platform, and listings across multiple centralized […]

Author: Tronweekly

2025/12/05

Risk control is the lifeline: Analyzing the underlying game theory of Perp DEX through the Hyperliquid incident.

Risk control is the lifeline: Analyzing the underlying game theory of Perp DEX through the Hyperliquid incident.

Perpetual contracts are the most valuable and frequently traded products in the on-chain financial ecosystem, but they also pose the most significant systemic risks. In March 2025, Hyperliquid's HLP pool suffered significant losses due to whales using excessive leverage and repeatedly withdrawing collateral on the platform, exposing structural weaknesses in its mark-price mechanism and liquidation process. Such events remind us that beyond superficial trading depth and user growth, the true stability of Perp DEX ultimately stems from the resilience of its risk model under extreme market conditions. Whether it's market maker losses, liquidation cascades, or systemic risks triggered by individual actions, they are all directly related to the same core issue: how the protocol is priced, how risk is allocated, and how leverage and liquidation are handled. Therefore, without understanding the risk control architecture, one cannot truly understand Perp DEX's competitive advantage. This article will start with the "risk model" and systematically break down the core architecture, sources of risk, differences in risk control, and future trends of Perp DEX, providing a professional and comprehensive analytical framework for funds, quantitative traders, and Web3 investors. Perp DEX's Risk Model: The Protocol's Lifeline The risk model is the protocol's dynamic risk control hub, determining its survival under extreme market conditions. It is similar to the risk engine in traditional finance, but more complex because on-chain systems cannot be subject to temporary manual intervention. A mature Perp DEX risk model is a system composed of multiple core components, and its architecture and interrelationships are shown in the following diagram: Figure 1: (This figure illustrates how the risk model starts with price inputs, is processed through the core risk control layer, and ultimately outputs the overall stability and capital efficiency of the system through the risk buffer layer. It reveals the intrinsic connections between modules such as the price model, margin rules, liquidation mechanism, and insurance fund.) These modules together form the protocol's "risk skeleton." A weakness in any one of these components could lead to structural failures during major market movements. LPs or market makers may experience uncontrollable losses (common in AMM models). The agreement was insolvent, and the insurance fund was quickly depleted. Delayed liquidation triggered a chain reaction of margin calls and widespread losses. Oracle was manipulated, triggering an arbitrage attack. The uncontrolled risk of a multi-asset, multi-leverage portfolio led to a total margin call. In other words, the risk model determines how much capital a protocol can support, what types of traders it can serve, and whether it can survive in extreme market conditions. Therefore, the risk model ultimately determines the upper limit of all indicators such as trading experience, market depth, capital efficiency, protocol revenue, and token value capture. This is why, in the past two years, competition in Perp DEX has shifted to underlying risk control architecture, rather than just transaction mining or fee wars. Breakdown of core modules of mainstream PERP architecture and risk model The architectural evolution of Perp DEX is essentially a path of "how risk is redistributed". Phase 1 (Off-chain Order Book): The risk lies in the robustness of the centralized matching nodes. Represented by dYdX, this design ensures transaction efficiency, but the risk is highly concentrated on the availability and security of off-chain matching. Phase Two (AMM): Risk is transferred to the directional exposure of the liquidity pool. For example, in GMX, under the AMM model, LPs bear extremely strong directional risk, making permanent loss, extreme market deviations, and MEV (Mean Equity) unavoidable issues for this architecture. The third stage (On-Chain Order Book - CLOB): Risk shifts to reliance on the performance and determinism of the underlying public blockchain. A representative project is Hyperliquid, where 70-80% of perpetual transaction volume is now concentrated in the order book model. This high-performance on-chain environment also means an unprecedented reliance on TPS, mempool stability, and contract execution security. Frontier Exploration (Hybrid Mode): The risk lies in the logic and feedback loop of the dynamic switching between the order book and liquidity pool. Taking Drift on Solana as an example, it uses AMM as a deep backup mechanism and automatically replenishes quotes when the order book lacks liquidity, thereby finding a new balance between execution quality and capital efficiency. The differences between the different architectures are ultimately reflected in the design of the following four core risk control modules: 2.1. Price Model: The System's Benchmark The price model determines the fairness of transactions, liquidation triggers, and funding rates, serving as the underlying benchmark for perpetual contract systems. It faces challenges such as oracle latency, manipulation, and MEV (Mean Equity). Mature systems employ multi-source aggregation, TWAP (Transfer-Only-Pay), and maximum deviation limits to enhance resistance to attacks. AMM (Automated Market Maker) architectures also require internal pricing mechanisms to simulate liquidity depth, a core variable in their risk exposure. 2.2. Liquidation Model: A Key Risk Buffer The liquidation mechanism determines the system's ability to withstand price fluctuations and is the most critical risk buffer layer of a perpetual protocol. Its security boundary consists of the initial margin, maintenance margin, and liquidation buffer. The execution logic (partial liquidation, full liquidation, auction) directly impacts user experience and system efficiency. Liquidation itself also faces attack surfaces such as on-chain congestion and bid manipulation. 2.3. Insurance Funds: The Last Line of Defense The insurance fund is used to absorb losses from margin calls. Its size and usage rules directly reflect the agreement's risk tolerance and serve as the system's "last line of defense" in extreme market conditions. The design needs to balance security and capital efficiency: too large a size will affect returns, while too small a size will easily trigger automatic liquidation, damaging the agreement's reputation. 2.4. Position Management: The System's Global Risk Controller Position management ensures the system doesn't spiral out of control due to excessive concentration of one-sided positions. Mechanisms such as position limits, dynamic margin requirements, and funding rates are used to regulate market forces. For multi-asset and long-tail assets, managing correlation and manipulation risks presents even greater challenges. Risk model trade-off analysis in mainstream cases Current mainstream platforms are transitioning towards CLOB or CLOB-Centric hybrid solutions to achieve better matching accuracy and capital efficiency. The table below systematically compares the risk model characteristics and core trade-offs of four representative projects: Chart 2 (This chart compares Hyperliquid, Aster, edgeX, and Lighter side-by-side from six dimensions: core architecture, pricing model, liquidation mechanism, insurance fund, major risks, and core trade-offs, demonstrating the risk preferences and trade-offs under different technology routes.) Key points of case analysis: Hyperliquid achieves near-CEX efficiency and depth, but its matching logic combines on-chain settlement and order book verification, increasing system complexity and reliance on risk control mechanisms. It requires a large HLP liquidity pool and complex risk control mechanisms, transferring extremely high risk control pressure to liquidity providers and the protocol itself. Aster: The liquidation mechanism is based on the principle of "reducing risk layer by layer". It improves capital efficiency and robustness during periods of low volatility through the "risk pooling" strategy, but at the cost of a more complex risk transmission path and extreme sensitivity to parameter settings. edgeX uses ZK-Rollup technology to ensure extremely high transparency and verifiability, reducing reliance on external insurance funds. However, this comes at the cost of performance limitations imposed by L2 data availability and state commit latency. The system needs to rely on redundancy mechanisms, verifiable playback, and robust monitoring to mitigate the impact of these risks on overall stability. Lighter: Under the "verifiable off-chain order book" architecture, auditability and on-chain trust are given priority, but at the cost of performance that cannot reach the upper limit of pure off-chain matching. Therefore, it is more suitable for users who prefer transparency, verifiability and lower systemic risk. Conclusion: Security Boundaries and Future Trends By 2025, Perp DEX's security boundary had transitioned from "smart contract security" to "system-level security." On-chain matching, oracle price sources, liquidation logic, risk parameters, LP liquidity pool exposure control, robustness of the market-making mechanism, and the integrity of cross-chain messages together constitute an interdependent security framework. Three major trends for the future: 1. Semi-automated risk control: On-chain mechanisms are insufficient to cope with complex attacks. In the future, a "semi-automated governance" system will be formed by combining off-chain real-time monitoring and dynamic parameter adjustment. 2. Compliance Integration: The hybrid model of "no custody required but subject to regulation" will become key to attracting institutional-grade liquidity. Verifiable KYC and compliant liquidity pools will become the new infrastructure. 3. Technology-driven expansion of security boundaries: Technologies such as zero-knowledge proofs, high-performance L2, and modular design will enable complex real-time risk models to run on the blockchain, elevating risk control capabilities to the level of financial infrastructure. The winners of the future will no longer be those who compete on transaction fees or depth, but rather those who can integrate technological security, financial engineering, and compliance frameworks.

Author: PANews

2025/12/05

Experts List The 5 Best Crypto Presale To Invest in December 2025!

Experts List The 5 Best Crypto Presale To Invest in December 2025!

The post Experts List The 5 Best Crypto Presale To Invest in December 2025! appeared on BitcoinEthereumNews.com. Crypto presales continue to draw massive investor interest, especially as on-chain activity rises and users look for early-stage projects with measurable utility. The strongest performers this cycle share a common thread: structured pricing, visible development progress, and a clear roadmap that goes beyond hype. Below, experts break down the 5 best crypto presales to invest in December 2025, highlighting the data, the traction behind each project, and why these presales are now leading the conversation. 1. Remittix (RTX): PayFi Presale Leading With a $28.4M+ Raise Remittix remains one of the most dominant presales of the year, riding on its focus on global payments and remittance infrastructure. The project aims to simplify cross-border transactions across 30+ countries, supporting 40+ cryptocurrencies and 30+ fiat currencies on a single unified system. Key milestones reinforcing its position include: $28.4M+ raised 692M+ tokens sold CertiK-verified team Skynet Score: 80.09 (Grade A) Confirmed listings: BitMart & LBank Live Remittix Wallet on the Apple App Store Crypto-to-fiat integrations coming in a December update Remittix continues to attract users because it offers a practical payments model, not just speculative hype. Its focus on remittance rails, merchant payments, and crypto-to-bank conversions positions it firmly at the top of presale projects heading into 2025. 2. Mono Protocol: Multichain Abstraction and Smooth Web3 Usability Mono Protocol is one of the most technically ambitious Web3 presales, offering automatic routing, gas abstraction, and chain execution without manual switching. This solves a real barrier for mainstream adoption. Current Stage: 19 Price: $0.0550 Target Launch: $0.50 Estimated ROI: ~809% Presale Raise: $3.65M of $3.80M (stage) / $22.8M total raise target Its core appeal lies in infrastructure: users get seamless Web3 access while developers receive a simpler execution layer. Mono remains one of the most watched technical presales in the market. 3. WeWake: Lifestyle Utility Meets…

Author: BitcoinEthereumNews

2025/12/05

The Hidden Costs of Crypto Trading – And How to Avoid Them

The Hidden Costs of Crypto Trading – And How to Avoid Them

Discover the hidden costs of crypto trading—from spreads to slippage—and learn smart strategies to reduce fees and keep more of your profits.

Author: Blockchainreporter

2025/12/05

Sam Altman Pursued Stake in Stoke Space, Deal with SpaceX Rival Cancelled

Sam Altman Pursued Stake in Stoke Space, Deal with SpaceX Rival Cancelled

TLDR Sam Altman, CEO of OpenAI, explored acquiring or partnering with Stoke Space, a competitor to SpaceX. Stoke Space focuses on creating fully reusable rockets and is led by former Blue Origin employees. Altman aimed to gain a controlling stake in Stoke Space through a potential multi-billion-dollar deal. The talks between Altman and Stoke Space [...] The post Sam Altman Pursued Stake in Stoke Space, Deal with SpaceX Rival Cancelled appeared first on CoinCentral.

Author: Coincentral

2025/12/05

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