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Project Overview
100x is a decentralized exchange (DEX) built on BLAST, designed to provide a fast perpetual and spot trading experience with support for cross-margin self-custody accounts.
BitMEX Faces Class Action Lawsuit, Users Claim 622.66 BTC in Damages
Odaily Odaily News Crypto derivatives platform BitMEX is facing a proposed class action lawsuit, with BKX Services Inc. and David Namdar filing a complaint in the U.S. District Court for the Southern District of New York. The plaintiffs allege they incurred combined losses of 622.66 BTC from forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar claiming losses exceeding 316.85 BTC. The complaint alleges that BitMEX's internal trading desk had access to customers' private information and could continue trading during periods when the server was frozen and regular users were unable to access or close positions. The plaintiffs further claim that BitMEX allowed customers to use leverage of up to 100x and would automatically liquidate positions when the collateral value was still twice the loss amount, with the remaining BTC entering the platform's insurance fund. The plaintiffs are seeking the return of the allegedly withheld Bitcoin, as well as compensatory and punitive damages. They intend to represent U.S. customers who purchased BTC swap products since July 23, 2018. On the same day the lawsuit was filed, BitMEX announced that following a strategic review by its owner, HDR Global Trading, it will cease providing services on September 23, has already stopped accepting new registrations, and plans to prohibit users from opening new positions starting August 26.
CZ: Regrets BitMEX Didn't Survive the "War on Crypto"
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
CZ: Regrets BitMEX Didn't Survive the "War on Crypto"
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
From retail investor to one of the top U.S. stock market players with $7.7 million in trading volume—“U.S. Stock Trading King” turns $30,000 into 100x returns
According to Hyperinsight’s monitoring, the most outstanding U.S. stock trading address on Hyperliquid—dubbed the “U.S. Stock Trading King”—entered the U.S. stock trading arena in early April with a principal of approximately $30,000, initiating a long position in INTC (Intel), and subsequently scaled up its position continuously through rolling positions.
Humanity hacker has minted 300 million H and cashed out $34 million
According to monitoring by on-chain analyst Ember, the "private key leak" has allowed the minting and dumping of H to continue for 13 hours. The so-called "hacker" is still able to mint H on the BSC chain and sell it off, draining every last cent from the pools. The "hacker" has minted 300 million H and sold a total of approximately 450 million H, cashing out $34 million (ETH+BNB). The H pool on BSC has been drained to just $13 in liquidity, and the price of H has plummeted 99.9% to $0.0009. Meanwhile, the perpetual contract price on CEX stands at $0.09, a 100x difference. In essence, they have de-pegged into two unrelated tokens.
CZ: Regrets BitMEX Didn't Survive the "War on Crypto"
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
Humanity hacker has minted 300 million H and cashed out $34 million
According to monitoring by on-chain analyst Ember, the "private key leak" has allowed the minting and dumping of H to continue for 13 hours. The so-called "hacker" is still able to mint H on the BSC chain and sell it off, draining every last cent from the pools. The "hacker" has minted 300 million H and sold a total of approximately 450 million H, cashing out $34 million (ETH+BNB). The H pool on BSC has been drained to just $13 in liquidity, and the price of H has plummeted 99.9% to $0.0009. Meanwhile, the perpetual contract price on CEX stands at $0.09, a 100x difference. In essence, they have de-pegged into two unrelated tokens.
Bitget CFD will implement dynamic leverage management, with gold trading supporting up to 800x leverage
Odaily News, according to the official announcement, Bitget CFD will adjust the leverage and margin tier rules for XAUUSD (Gold/USD) and USDCNH (USD/Offshore CNY) starting August 15.Among them, when the notional value of XAUUSD contracts is below $100,000, up to 800x leverage is supported; when the notional value of USDCNH contracts is below $1,000,000, up to 100x leverage is supported. For positions exceeding the corresponding thresholds, the platform will adopt a tiered margin calculation method, with margin rates adjusting as the notional value of positions increases. Users can reasonably allocate positions based on their own asset needs.
Ethereum L1 Abandons Poseidon, Shifts to SHA2 or BLAKE2 to Advance Post-Quantum Cryptography Roadmap
Justin Drake stated that Ethereum L1 will no longer adopt the SNARK-friendly hash function Poseidon, which has dominated since 2019, shifting toward traditional hash functions such as SHA2 or BLAKE2s. This adjustment is based on progress in the SNARK design space, with the focus shifting from "SNARK-friendly hashing" to "hash-friendly SNARKs." By natively aligning Boolean operations in traditional hashing with binary fields, the proving performance of traditional hashes in SNARKs has reached 1 million operations per second, with an overhead of approximately 100x. Research efforts such as Binius and Flock have driven related progress. The Ethereum Foundation's post-quantum team is advancing this roadmap, which includes deploying a production-grade leanVM in 2027 and deploying across the consensus layer, execution layer, and data processing layer in 2028. Justin Drake also noted that AI's enhanced capabilities in cryptanalysis have recently dealt successive blows to the lattice-based scheme HAWK and the isogeny-based scheme SQIsign, with hash-based schemes being used for blockchain post-quantum signatures. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.
CZ: Regrets BitMEX Didn't Survive the "War on Crypto"
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
Binance Futures Will List BTCU and ETHU USDT-Margined Perpetual Contracts
According to the official announcement, to provide more Binance futures trading options and enhance the user trading experience, the Binance Futures platform will list perpetual contracts at the following times: July 01, 2026 17:00 (UTC+8): BTCU Perpetual Contract, maximum leverage up to 100x; July 01, 2026 18:00 (UTC+8): ETHU Perpetual Contract, maximum leverage up to 100x.
Bitget Adjusts SPCXUSDT Contract Parameters, Increasing Maximum Leverage to 100x
According to the official announcement, Bitget has adjusted the leverage, position tiers, and maintenance margin rates for the SPCXUSDT USDⓈ-M perpetual contract trading pair. Leverage has been increased up to 100x, depending on position size. Users’ existing positions prior to the update will be affected, and users may adjust the relevant parameters according to their asset allocation needs. For more details, please refer to the Bitget official platform.
Kraken Pro Launches 100x Leverage for BTC and ETH Perpetual Swaps
According to Odaily, Kraken announced that its Kraken Pro platform has increased the maximum leverage for Bitcoin and Ethereum perpetual swaps from 50x to 100x. This applies to two USD cash-settled perpetual contracts, PF_XBTUSD and PF_ETHUSD, which continue to support 24/7 trading.Per the announcement, the 100x leverage is now available to international users in eligible regions. No account migration or additional application is required; existing Kraken Pro contract users can access it directly. The leverage mechanism adopts a tiered model: for BTC contracts, up to 100x leverage is available on the first $1 million in notional position size, with automatic reduction to lower leverage tiers for amounts exceeding that threshold. For ETH contracts, the maximum 100x leverage applies to the first $500,000 in notional position size. The platform emphasized that the leverage adjustment is not a "one-size-fits-all" switch, but rather a dynamic tiered calculation based on increasing position size.
Related news
Bitwise CIO: AI Agents and Asset Tokenization Could Drive 50-100x Growth in Blockchain Transaction Volume
Odaily News, Bitwise Chief Investment Officer (CIO) Matt Hougan stated that the market may be significantly underestimating the scale of future blockchain trading activity. As real-world asset (RWA) tokenization and AI agents reshape financial markets, on-chain transaction volume could potentially grow 50x or even 100x in the future.In his latest investment memo, Hougan pointed out that crypto investors currently hold three major misconceptions, one of which is underestimating the future reach of blockchain applications. He believes that bringing traditional assets on-chain and AI agents participating in trading will significantly boost on-chain activity. The tokenized stock market alone could bring a 10x increase in trading volume. He noted that traditional stock markets are typically only open from 9:30 AM to 4:00 PM Eastern Time on weekdays, offering roughly 33 trading hours per week. In contrast, tokenized stocks enable 24/7 trading, expanding available trading hours to 168 hours per week. If AI agents are later deployed to automatically execute trades on behalf of investors, trading frequency could increase even further.However, Hougan also acknowledged that increased trading hours do not necessarily translate into proportional volume growth, but AI and automated trading could become key drivers of on-chain activity expansion. Investors are currently still valuing related platforms based on the existing scale of the crypto market, overlooking the potential market expansion brought by tokenization. For instance, the decentralized exchange Uniswap could one day expand its services from crypto assets to traditional asset markets such as stocks, bonds, and real estate. (The Block)
Bitget CFD will implement dynamic leverage management, with gold trading supporting up to 800x leverage
Odaily News, according to the official announcement, Bitget CFD will adjust the leverage and margin tier rules for XAUUSD (Gold/USD) and USDCNH (USD/Offshore CNY) starting August 15.Among them, when the notional value of XAUUSD contracts is below $100,000, up to 800x leverage is supported; when the notional value of USDCNH contracts is below $1,000,000, up to 100x leverage is supported. For positions exceeding the corresponding thresholds, the platform will adopt a tiered margin calculation method, with margin rates adjusting as the notional value of positions increases. Users can reasonably allocate positions based on their own asset needs.
Ethereum L1 Abandons Poseidon, Shifts to SHA2 or BLAKE2 to Advance Post-Quantum Cryptography Roadmap
Justin Drake stated that Ethereum L1 will no longer adopt the SNARK-friendly hash function Poseidon, which has dominated since 2019, shifting toward traditional hash functions such as SHA2 or BLAKE2s. This adjustment is based on progress in the SNARK design space, with the focus shifting from "SNARK-friendly hashing" to "hash-friendly SNARKs." By natively aligning Boolean operations in traditional hashing with binary fields, the proving performance of traditional hashes in SNARKs has reached 1 million operations per second, with an overhead of approximately 100x. Research efforts such as Binius and Flock have driven related progress. The Ethereum Foundation's post-quantum team is advancing this roadmap, which includes deploying a production-grade leanVM in 2027 and deploying across the consensus layer, execution layer, and data processing layer in 2028. Justin Drake also noted that AI's enhanced capabilities in cryptanalysis have recently dealt successive blows to the lattice-based scheme HAWK and the isogeny-based scheme SQIsign, with hash-based schemes being used for blockchain post-quantum signatures. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.
BitMEX Faces Class Action Lawsuit, Users Claim 622.66 BTC in Damages
Odaily Odaily News Crypto derivatives platform BitMEX is facing a proposed class action lawsuit, with BKX Services Inc. and David Namdar filing a complaint in the U.S. District Court for the Southern District of New York. The plaintiffs allege they incurred combined losses of 622.66 BTC from forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar claiming losses exceeding 316.85 BTC. The complaint alleges that BitMEX's internal trading desk had access to customers' private information and could continue trading during periods when the server was frozen and regular users were unable to access or close positions. The plaintiffs further claim that BitMEX allowed customers to use leverage of up to 100x and would automatically liquidate positions when the collateral value was still twice the loss amount, with the remaining BTC entering the platform's insurance fund. The plaintiffs are seeking the return of the allegedly withheld Bitcoin, as well as compensatory and punitive damages. They intend to represent U.S. customers who purchased BTC swap products since July 23, 2018. On the same day the lawsuit was filed, BitMEX announced that following a strategic review by its owner, HDR Global Trading, it will cease providing services on September 23, has already stopped accepting new registrations, and plans to prohibit users from opening new positions starting August 26.
CZ: Regrets BitMEX Didn't Survive the "War on Crypto"
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
Actor Huang Xiaoming Invested in ChangXin with 100x Returns? Blogger Verified with Him, He Denied: Fake News!
Odaily News: Recently, news regarding "Huang Xiaoming investing in ChangXin Technology" has sparked widespread discussion. Rumors circulated online claimed that Huang Xiaoming earned returns of approximately tens of billions of RMB from this investment.Based on currently available information, the "Huang Xiaoming" holding equity in ChangXin Technology is not the same person as the actor Huang Xiaoming.According to a Sanyan Community post, Weibo blogger @万能的大熊 (Universal Big Bear) verified this with the actor Huang Xiaoming himself, who clearly stated that it was not his investment. Additionally, the actual Huang Xiaoming holding shares in ChangXin is believed to be an executive of Midea Group. He indirectly holds approximately 3.17% of shares through Zhaoyin Yunting (shareholding ratio of 1.58%), the ninth-largest shareholder of ChangXin Technology. After ChangXin goes public, the value of his shares is estimated to be around 1 billion RMB.