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Anatomy of a Sudden Shock: Deconstructing the $600 Million Liquidation Cascade
The market has experienced a sharp, painful repricing. Over the past 24 hours, global liquidations have surpassed $597 million, with long positions bearing the brunt of a $536 million sell-off. Bitcoin and Ethereum led the decline, shedding $197 million and $135 million in leveraged positions respectively. This was not a gradual slide but a structural break. Bitcoin, after a steady climb from $86k to $93k, abruptly reversed course, plunging 3.7% in a single hour from $90,000
Leo Wong Chin Wai
2 days ago3 min read


A Deep Dive into the Solana Name Service (SNS)
In the fast evolving world of Defi, user experience often feels like an afterthought - long strings of alphanumeric characters serving as wallet addresses, prone to typos and frustration. Solana Name Service (SNS), a decentralized protocol that elegantly bridges this gap by transforming those cryptic codes into memorable, human-readable names. Launched in 2020 and developed by the team at Bonfida, SNS has grown into a cornerstone of the Solana ecosystem, boasting over 270,000
Leo Wong Chin Wai
5 days ago3 min read


The 2025 Korea Crypto Market Playbook
The Korean crypto market represents a unique and powerful vortex of retail capital and cultural momentum. It is not merely another regional hub; it is a sentiment-driven force that can single-handedly define an asset's trajectory. For any project with global ambitions, understanding its mechanics is not an option, it is a requirement. To overlook the Korean market is to ignore a fundamental pillar of global crypto liquidity. With a trading volume of $6.63 trillion year-to-dat
Leo Wong Chin Wai
Oct 243 min read


Enzac Research: The Illusion of Stability – Decoding the NFP Mirage and Looming Market Fractures
The June NFP beat (139K vs. 130K expected) has sparked a risk-on rally, but beneath the surface, our proprietary data reveals dangerous...
Globbie Lo
Jun 72 min read
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