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Solana, Fireblocks, TON, Polygon, and Others Unite to Standardize Cross-Chain Payments

Several leading blockchain firms, including Solana Foundation, Fireblocks, Monad Foundation, Polygon Labs, TON Foundation, Stellar Development Foundation, and Mysten Labs, have joined forces to streamline blockchain payments through a new initiative known as the Blockchain Payments Consortium (BPC). The group aims to develop a unified framework for cross-chain payments, focusing on stablecoin transactions that match the speed, compliance, and reliability of traditional payment systems. Cross-Chain Payments Gain Institutional Momentum According to The Block data , the BPC initiative reflects growing momentum within the blockchain sector to make digital payments more interoperable and compliant. Recent data shows that on-chain payment volumes surpassed $20 trillion in 2024, exceeding Visa and Mastercard combined. Despite this milestone, the blockchain payment landscape remains fragmented, with networks operating under different technical and compliance standards. Hence, the newly formed consortium seeks to bridge this divide by creating technical standards that enable seamless communication between networks. These efforts align with broader developments in the financial sector. Coinbase and Citi have recently begun exploring fiat-to-stablecoin settlement methods, while Swift is working to embed blockchain technology into its infrastructure to simplify cross-border transactions. Regulatory Clarity Boosts Blockchain Adoption Regulatory clarity in the United States around stablecoins has fueled institutional adoption of blockchain payments. Consequently, major banks are now testing blockchain frameworks for settling diverse asset classes. Industry leaders believe this clarity will accelerate integration between legacy financial systems and blockchain technology, enabling faster and cheaper global transactions. Ran Goldi, Fireblocks’ Senior Vice President of Payments and Network, emphasized the industry’s evolution, stating, “Over the last 18 months, our industry has achieved mainstream adoption, with payments at the forefront.” His remarks highlight the growing demand for secure, efficient blockchain solutions that comply with financial regulations while offering speed and scalability. Building a Borderless Financial Infrastructure The BPC intends to ensure that payments between blockchains mirror the simplicity of traditional systems while retaining decentralization benefits. Nikola Plecas, Vice President of Payments at the TON Foundation, expressed optimism about the collaboration, saying, “Through the Blockchain Payments Consortium, we’re uniting networks, institutions, and enterprises to make blockchain payments fast, trusted, scalable, and global.” Bitcoin World

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Futures Liquidated: Shocking $101 Million Wiped Out in One Hour

BitcoinWorld Futures Liquidated: Shocking $101 Million Wiped Out in One Hour The cryptocurrency markets just experienced a brutal hour that saw $101 million in futures liquidated across major exchanges. This sudden market move has traders scrambling as volatility reaches extreme levels. If you’re active in crypto trading, understanding what triggered this massive liquidation event could help protect your portfolio from similar shocks. What Exactly Are Futures Liquidated? When we talk about futures liquidated, we’re referring to the forced closure of leveraged positions. Traders using leverage borrow funds to amplify their trading size. However, when prices move against their positions, exchanges automatically close these trades to prevent further losses. The past hour witnessed an astonishing $101 million in futures liquidated , creating a cascade effect across the market. Why Did This Massive Liquidation Occur? Several factors typically contribute to such significant liquidation events. First, extreme price volatility triggers stop-loss orders and margin calls. Second, high leverage positions become vulnerable when markets move rapidly. The futures liquidated in this case likely involved: Over-leveraged traders caught in sudden price swings Cascading liquidations amplifying market moves Stop-loss hunting by large players Market sentiment shifting rapidly How Does This Compare to Recent Market Activity? The scale of this event becomes clearer when we examine the broader context. While $101 million in futures liquidated in one hour is substantial, the 24-hour total reaches $397 million. This suggests the market has been experiencing sustained pressure rather than a single isolated event. The pattern of futures liquidated throughout the day indicates ongoing volatility that traders should monitor closely. What Can Traders Learn From This Liquidation Event? Experienced traders understand that periods of high futures liquidated activity present both risks and opportunities. The key lessons from today’s event include: Always use proper risk management with leverage Monitor market conditions during high volatility periods Diversify across different time frames and strategies Keep sufficient margin to avoid forced liquidations How to Protect Your Portfolio During Liquidation Storms When markets experience massive futures liquidated events, several protective measures can help safeguard your capital. Consider reducing leverage during uncertain market conditions. Additionally, setting wider stop-loss levels can prevent being caught in liquidation cascades. Remember that the $101 million in futures liquidated today serves as a stark reminder that risk management should always come first. What’s Next for Crypto Markets After This Liquidation? Following such significant futures liquidated activity, markets often experience a period of consolidation or continued volatility. Traders should watch for: Potential buying opportunities after the sell-off Changes in open interest and funding rates Market sentiment shifts on social media and news Institutional reactions to the volatility The dramatic hour that saw $101 million in futures liquidated underscores the inherent risks and opportunities in cryptocurrency trading. While such events can be frightening, they also create potential entry points for disciplined traders. The key takeaway is that proper risk management and position sizing remain crucial in navigating these volatile markets successfully. Frequently Asked Questions What causes futures to be liquidated? Futures get liquidated when traders’ positions move against them and their margin balance falls below maintenance requirements, forcing automatic closure by exchanges. How can I avoid getting liquidated? Use lower leverage, maintain adequate margin buffers, set appropriate stop-loss orders, and monitor positions regularly during volatile periods. Are liquidations always bad for the market? While liquidations cause short-term pain for affected traders, they can create buying opportunities and help reset over-leveraged market conditions. Which cryptocurrencies saw the most liquidations? Bitcoin and Ethereum typically account for the majority of liquidation events during market-wide volatility episodes. Do liquidations affect spot prices? Yes, large liquidation events can create selling pressure that impacts spot prices, especially when cascading liquidations occur. How often do major liquidation events happen? Significant liquidation events tend to cluster during periods of high volatility, regulatory news, or major macroeconomic announcements. Found this analysis of the $101 million futures liquidated helpful? Share this article with fellow traders on Twitter and LinkedIn to help them navigate market volatility more effectively. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action and institutional adoption. This post Futures Liquidated: Shocking $101 Million Wiped Out in One Hour first appeared on BitcoinWorld . Bitcoin World