margin

According to official news, Hyperliquid announced that the cross-margin feature for the HIP-3 permissionless perpetual contract market has been enabled on the testnet, but it is not yet available on the mainnet. However, this feature qualifies for the mainnet-level bug bounty program.The deployer of HIP-3 must first enable cross-margin for a specific asset before users can trade that asset using cross-margin. Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin, even across multiple DEXs. However, assets from different DEXs will be protected up to their maintenance margin level to avoid automatic liquidation due to significant price fluctuations on other DEXs.This new "protective cross-margin" system ensures the solvency of the system while not affecting user experience. Cross-margin is not designed for DEX abstract interfaces, and related interfaces should not allow cross-margin trading through DEX abstraction. Users should use a unified account or combined margin to achieve the expected behavior of cross-margin for HIP-3 assets.

According to a report by Cointelegraph, a new analysis released by the Federal Reserve on Wednesday suggests that cryptocurrencies should be classified as a distinct asset class for the initial margin requirements in the "unsettled" derivatives market (including over-the-counter trading and other transactions not conducted through centralized clearinghouses).The report points out that the volatility of floating cryptocurrencies like Bitcoin and Ethereum, as well as stablecoins, differs significantly from traditional asset classes, making it unsuitable to apply the existing risk classifications for interest rates, stocks, foreign exchange, and commodities in standardized initial margin models. The authors recommend setting differentiated risk weights for these two categories of cryptocurrencies and propose constructing a benchmark index composed of half floating digital assets and half anchored stablecoins as a proxy variable to simulate the volatility and behavior of the crypto market, in order to calibrate more precise risk weights.Initial margin is a core risk control mechanism in the derivatives market, where traders must pledge collateral to mitigate counterparty default risk. The high volatility of crypto assets means that traders need to provide a higher proportion of collateral buffer. The report reflects that the federal level in the United States is making technical preparations for incorporating crypto assets into the existing regulatory framework.

The founder of the Bitcoin payment application Strike, Jack Mallers, posted on the X platform to respond to the adjustment of the margin call policy. He stated that the Strike loan mechanism will not fully liquidate Bitcoin collateral. When the loan falls below the maintenance margin level, the platform will only conduct partial liquidations to restore the loan to approximately 65% of a healthy loan-to-value (LTV) ratio.Jack Mallers added that this mechanism is designed to protect users' Bitcoin assets as much as possible while maintaining loan health and to give customers and Bitcoin prices more time to recover. Based on this mechanism, the liquidation ratio of Strike's overall loan book remains in the low single-digit range of the total outstanding loans, approximately 1%--3%.

OKX will launch the BTC/USD and XAU/USD futures contracts on February 16, 2026, at 10:00 AM and 11:00 AM, supporting USDC or USDG as the settlement currency. The first contracts to be launched include BTCUSD UM-20FEB26, BTCUSD UM-27FEB26, BTCUSD UM-27MAR26, BTCUSD UM-26JUN26, XAUUSD UM-20FEB26, XAUUSD UM-27FEB26, XAUUSD UM-27MAR26, XAUUSD UM-26JUN26.

Sonic Labs founder Andre Cronje posted on the X platform, "The derivatives platform Flying Tulip will launch two products: ftUSD and margin accounts. These products will support cross-chain liquidity, enabling leveraged spot trading and total return swaps."

Binance contracts will automatically settle the RVVUSDT and YALAUSDT U-margined perpetual contracts on February 10, 2026, at 17:00, and the aforementioned perpetual contract trading pairs will be delisted after the settlement is completed.Starting from February 10, 2026, at 16:00, users will not be able to open new positions under the aforementioned perpetual contracts. It is recommended that users close their positions before trading stops to avoid automatic liquidation of their positions.

Starting from February 4, 2026, at 00:15, Binance will set the funding rate base interest rate for INTCUSDT and HOODUSDT to 0%. The funding rate will be adjusted based on premium factors, and users can visit the real-time funding rate page for the latest information.

According to on-chain analyst Yu Jin's monitoring, Trend Research withdrew 109.1 million USDT from Binance to repay on-chain after the ETH drop early this morning, reducing the borrowing for leveraged ETH purchases from 1.12 billion dollars to 1.01 billion dollars, and the leverage ratio decreased from 2.4x to 2.2x.It currently holds a total of 651,500 ETH (approximately 1.83 billion dollars).

According to monitoring by HyperInsight, since the HYPE price broke through $34 last night, a suspected insider whale has been withdrawing approximately $7 million in released margin from Hyperliquid.This operation has moved its liquidation price from around $20 to $25.04. The address had heavily gone long before HYPE was listed on Robinhood, with an average opening price as high as $38.67. It remains the largest long position holder on-chain for HYPE, with a position size of about $43.7 million. Today's unrealized loss has slightly expanded to about $9.7 million, with a loss percentage of 111%. Notably, since its position fell below the cost price and incurred significant unrealized losses, this address has never adjusted or reduced its position, consistently choosing to "hold the position." Previously, its peak unrealized loss was close to $26 million.

On the 27th, the Chicago Mercantile Exchange (CME) issued a notice regarding adjustments to the margin (Outright Rates) parameters for certain silver, platinum, and palladium futures contracts.The document shows that the new margin ratio for some silver contracts is higher than the previous level, approximately 11% of the nominal value. The new standards will take effect after the close of trading on January 28 local time. This notice does not involve gold-related contracts.

According to the announcement from Huobi HTX, Huobi HTX will open the deposit service for USAT on January 27 at 23:00 (GMT+8). The USAT/USDT spot trading will open on January 28 at 11:00 (GMT+8). The withdrawal service for USAT will open on January 29 at 11:00 (GMT+8). At the same time, Huobi leverage will add USAT/USDT (10X) isolated margin trading on January 28 at 11:00 (GMT+8).It is reported that USAT is a next-generation stablecoin asset launched by Tether. It is a digital currency that exists on the internet rather than in bank vaults, designed with a single purpose: to always be worth 1 dollar. The token is pegged to the dollar at a 1:1 ratio and is 100% fully collateralized by short-term U.S. Treasury bonds, further enhancing asset transparency and security. With the increasing infrastructure status of stablecoins in payments, trading settlements, and on-chain finance, the launch of USAT is seen as an important step for Tether in compliance and asset structure. This time, Huobi HTX has become the first exchange to list USAT, continuously confirming its foresight in capturing quality assets and laying out its strategy in the stablecoin sector.

According to the official announcement, Binance will adjust the leverage and margin levels of multiple U-based perpetual contracts starting from January 30, 2026, at 14:00 (Beijing time), involving contracts such as Binance Life, SPACE, IP, COOKIE, RLC, API3, YB, etc.

Binance will remove the following leveraged trading pairs on January 23, 2026, at 14:00: cross-margin trading pairs YGG/BTC, ARPA/BTC, OGN/BTC, COMP/BTC, SUPER/BTC, JOE/BTC; isolated-margin trading pairs YGG/BTC, CELO/BTC, VET/ETH, ARPA/BTC, OGN/BTC, GAS/BTC, COMP/BTC, SUPER/BTC, DIA/BTC.Please note that the lending services for the related trading pairs will be suspended on January 21, 2026, at 14:00, and all open orders will be canceled. Users are advised to close their positions in advance.

According to the announcement from Huobi HTX, Huobi HTX will open the deposit service for RIVER on January 16 at 18:15 (GMT+8). The RIVER/USDT spot trading will open on January 16 at 20:00 (GMT+8). The withdrawal service for RIVER will open on January 17 at 20:00 (GMT+8). Meanwhile, Huobi leverage will simultaneously add RIVER/USDT (10X) isolated margin trading on January 16 at 20:00 (GMT+8).It is reported that River is building a chain-abstract stablecoin system that connects assets, liquidity, and yields across multiple blockchains. Through its core stablecoin satUSD, users can achieve yields, leverage, and expansion across different ecosystems. The highlight of River is its pioneering omni-CDP module, which allows users to collateralize assets on chain A and mint satUSD on chain B—without the need for cross-chain asset bridging throughout the process.

The Solana ecosystem perpetual contract trading platform Pacific has announced multiple plans and updates, including that the unified margin system is about to enter the testing phase, and it has confirmed that it is independently developing Layer 1 public chain, mobile applications, Vaults, and more.Currently, the Pacific unified margin system has completed development and is expected to launch on the testnet soon. In addition, Pacific's own Layer 1 public chain DevNet has been running stably for a week, with plans to be EVM-compatible, support smart contracts, and provide a high-performance verification system, aiming to offer scalable and verifiable trading infrastructure for institutional users and ecosystem projects.This week, 10 million Pacifica points will be distributed today. Users can now use the on-chain data analysis and copy trading tool Coinbob Pacifica (@CoinbobPAC_bot) specifically designed for Pacifica to copy high-frequency traders' trading strategies, earn trading points, and prepare for potential airdrop opportunities.

According to the announcement from Huobi HTX, Huobi HTX has opened the deposit services for "I’m Coming", "Life K-Line", and "Old Man" at 18:00 (GMT+8) on January 12. The spot trading for "I’m Coming"/USDT, "Life K-Line"/USDT, and "Old Man"/USDT will open at 19:00, 19:30, and 20:00 (GMT+8) on January 12, respectively. The withdrawal services for "I’m Coming", "Life K-Line", and "Old Man" will open at 20:00 (GMT+8) on January 13. Meanwhile, Huobi leverage will simultaneously add "I’m Coming"/USDT (10X) and "Old Man"/USDT (10X) isolated margin trading on January 12.It is reported that "I’m Coming", "Life K-Line", and "Old Man" are popular Chinese meme projects on the BSC chain. Huobi HTX responds promptly to market enthusiasm and fully supports Chinese memes on the BSC chain.

According to the official announcement, Binance Futures will adjust the leverage and margin levels of dozens of U-based perpetual contracts such as SAHARAUSDT, ALLOUSDT, and BARDUSDT starting from January 16, 2026, at 14:30 (Beijing time).In addition, Binance will update the portfolio margin and the collateral rates for assets like VET, SC, and BTTC in PMPro on the same day at 14:00 (Beijing time).

According to the “RootData 2025 Web3 Industry Annual Report”, the financing layout shows a strong tendency towards "TradFi", with the CeFi sector leading with a total of $27.12 billion, and the average single financing amount is 8.7 times that of infrastructure.In contrast, the Web3 native sectors such as NFT, DAO, and social entertainment account for only 0.5% in total, collectively entering a marginalized phase. Funds are accelerating towards regulated-friendly projects with clear cash flows (such as RWA and compliant CeFi).

According to on-chain analysts, a certain address (0xEa6...61EE) used $8 million in margin to go long on 11 altcoins and meme tokens, all of which are currently in profit, totaling a floating profit of $2.884 million. Among them, the long positions on IP and MON have a floating profit of about $520,000.