2026-01-20 06:23:52

Asia's crypto market has new developments. The Bermuda government is building the world's first fully on-chain national economic system, which means blockchain technology is expected to be implemented at the national level.

There is also news from the Federal Reserve, as Powell is about to testify before the Supreme Court to defend the Fed's independence, which could trigger a chain reaction in the macro financial market.

The derivatives market experienced significant volatility yesterday — the total liquidation volume across the entire network in the past 24 hours reached $808 million, with long positions accounting for the majority. Short positions profited quite a bit from this round of market movement.

The exchange ecosystem is expanding. The New York Stock Exchange announced plans to enable 24/7 trading of U.S. stocks. The promotion of this around-the-clock trading mode may gradually influence the trading ecosystem of the cryptocurrency market.

There are also actions on the project side. ASTER officially launched an automatic buyback mechanism, with a portion of daily revenue used for buybacks, demonstrating the project's confidence in the market.

ASTER0.74%

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CryptoWageSlave

· 4h ago

Bermuda is building an on-chain economic system... Will it work this time? Feels like I've heard this too many times before. 800 million liquidation, and once again the longs got cut... Can you believe this market? ASTER buyback? Let's see how long it can last; confidence in the project is just talk. 24/7 trading is here, is the crypto world far behind? Haha Powell's hearing, here we go again with this routine.

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ser_ngmi

· 01-20 13:27

Bermuda on-chain nation-building? Sounds fantastical, but I like it. Finally, a government dares to play around haha Liquidation of 800 million, longs got beaten again... Shorts are laughing to death Powell going to court, US stocks and crypto this wave will have to follow the turbulence together ASTER buyback? Small project copying the big pie routine, see the follow-up if you believe it If NYSE 24/7 trading really arrives... our crypto circle might have to go crazy along with it

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ProposalDetective

· 01-20 06:54

Bermuda's on-chain national system? Sounds pretty sci-fi, but implementation is the real key. 800 million liquidation, long positions getting hammered again and again, this pace is really intense. I need to check out ASTER's buyback, but this kind of project self-rescue routine is getting old.

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ForkMaster

· 01-20 06:51

Bermuda on-chain economic system? Sounds good, but I'm more concerned about how long the project team can sustain... An 8 billion liquidation, the bulls got washed again. Bear market mining, short sellers lying win, this is the right way. ASTER buyback? Ha, every time I see the project team say they are confident in the market, I think of how the "confidence" of some coin last time collapsed. Has the code been audited? NYSE 24/7 trading, and the crypto circle will follow suit. Poor my three kids, I still have to watch the market until dawn. Powell's move, Federal Reserve independence? Feels more like paving the way for subsequent money printing. --- Too many new messages, but the real wealth code is still that old trick—airdrop tutorials + fork arbitrage. Any reliable analysis? --- Bermuda wants to do on-chain economy? I just want to ask, who dares to put real money on the line... --- An 8 billion liquidation, another American-style arbitrage feast. Watching this wave, the short side's betting agreement will earn another round. --- Project team buyback is confidence in the market? I think, 80% is to pump the price. White hat experts can see through the vulnerabilities and audit authenticity.

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StableGeniusDegen

· 01-20 06:51

The Bermuda on-chain national system sounds impressive, but it's still early for real implementation. Don't be fooled by marketing hype. 800 million liquidation, this bullish wave is really tragic. I said long ago that something was off with this market. 24/7 trading? Now retail investors are even more competitive. Who can handle this? ASTER buyback? Take it with a grain of salt. These days, buybacks have become standard. No matter how Powell manipulates, it won't change the overall trend. I've heard the Federal Reserve's independence rhetoric many times.

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UnruggableChad

· 01-20 06:50

800 million liquidation, the longs got cut again, this is the daily routine in the crypto world. Bermuda on-chain national economy? Sounds great, but it's still a long way from actual implementation. Not sure how long Powell can hold on with this move; it seems like he will ultimately have to admit defeat. If 24/7 trading really happens, we’ll also have to adjust our schedules, haha. ASTER buyback mechanism, at least some people want to do it properly, but it depends on the subsequent execution.

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MetaMisery

· 01-20 06:49

Bermuda Chain Establishing a Country? Sounds pretty outrageous. Can it really be implemented? 800 million liquidation, another long position slaughter, why is it always us getting cut? ASTER buyback? The action is there, but it depends on how long it can last. Powell testifying feels like it can cause more market turmoil than the crypto circle fluctuations. NYSE 24/7 trading, now that's great, sleep time is even shorter.

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CoinRoadBlueLure

· 01-20 06:45

$ASTER The more good news like this that comes out, the more it crashes, just to make you hold on so you can sell it at a good price.

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BearMarketSurvivor

· 01-20 06:34

Over 800 million liquidated again, and it's another slaughter of the longs... Looking at this rhythm, it seems like some major players are clearing their positions. The on-chain economy of Bermuda sounds beautiful, but we all know—once macro hedging is activated, this kind of long-term narrative has to step aside. The Powell hearing is the real breaking point for supply lines. ASTER buyback? Forget it, let's see if it can survive this round of shakeout first. History tells me that the more a project rushes to show confidence, the closer it is to danger. With 24/7 trading pushed down, retail investors will only lose faster. Survival first, not chasing highs blindly.

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