2025-12-17 05:23:56

Asia Market Monitoring Weekly Report Overview

DeFi ecosystem has experienced frequent risk events this week. Yearn Finance V1 was hacked, with a single loss of approximately $300,000, once again sounding the alarm for smart contract security. Meanwhile, Blocto Wallet announced plans to cease operations due to ongoing operational difficulties. This product, which has been serving users for five years, is facing its end, reflecting increased survival pressure on some non-top-tier wallets.

In the derivatives market, new developments have emerged. The Chicago Mercantile Exchange (CME) has added SOL and XRP futures TAS trading pairs, further expanding traditional finance's layout of mainstream cryptocurrencies.

Risk warnings should not be ignored. In the past 24 hours, the total liquidation amount in the global contract market reached $440 million, with long positions accounting for the highest proportion of liquidations. This indicates that leverage risk in the market still exists. Investors should remain cautious and manage their positions prudently.

SOL-2,84%

XRP-7,73%

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GasFeeDodger

· 2025-12-20 01:55

It's another case of Yearn and a wallet scam, DeFi hasn't had a break this week... I heard about 440 million in liquidation, I'm damn trembling.

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WhaleStalker

· 2025-12-17 05:54

$300,000 hacker feast... The contract market liquidated 440 million in one day, this is true slaughter.

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rugpull_survivor

· 2025-12-17 05:47

Yearn has been hacked again; contract security really needs to be taken seriously. Blocto said it would last five years and then disappeared, our long-term users must be heartbroken... 4.4 billion in liquidation, longs were cut brutally. Leverage, is it really not a casino? CME adds futures for SOL and XRP, traditional finance is still greedy, here they come again to harvest. Don’t be fooled by CME’s enthusiasm; just turn around and lose $300,000 to hacking. Who dares to say it’s safe? Both longs and shorts get wiped out; this is the daily life of the on-chain Republic...

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NFTPessimist

· 2025-12-17 05:30

Hacker attacks and liquidations again, DeFi has been quite exciting this week. Yearn got hacked again? Contract security really needs to be taken seriously. $440 million liquidation... long position traders must be devastated. Blocto has been around for five years but still hasn't made it; small wallets are indeed tough. CME is launching leveraged trading pairs, traditional finance is still laying out plans, what should we retail investors do? Leverage is always a harvesting tool; people are advised not to touch it. Losing $300,000 is gone; this is the current state of smart contracts.

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