BizwavemediaPersonal Finance and Crypto Updates

Crypto markets saw around $526 million in liquidations in the past 24 hours, affecting over 154,000 traders.

Long positions accounted for $372 million of the total, while short positions made up $154 million. The largest single liquidation order occurred on Hyperliquid’s HYPE-USD pair, valued at $11 million.

The wave of liquidations reflected growing volatility across major crypto assets, especially Bitcoin. The digital asset experienced a short-lived rally to $90,000 today before declining to around $85,000.

Investors are reacting to concerns over US unemployment and prospective rate hikes from the Bank of Japan, creating a challenging backdrop for further market advances.

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Silver has overtaken Alphabet, Google’s parent company, to rank as the world’s fourth-largest asset by market capitalization, hitting roughly $3.7 trillion after prices broke above $66 for the first time ever.

The milestone was achieved just days after the metal leapfrogged tech giant Microsoft to become the world’s fifth most valuable asset.

Silver is up more than 125% this year, as investors continue to pile into inflation hedges and industrial alternatives to gold and digital assets.

The recent price rally comes amid a mixed US labor report showing rising unemployment but stronger payrolls. Markets expect the Fed to hold rates in January, and investors are watching upcoming inflation data and Fed remarks. The rise is also boosted by supply constraints and growing industrial and retail demand.

Silver is now closing in on Apple’s roughly $4 trillion valuation.

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BlackRock transferred 47,500 Ethereum worth around $140 million to Coinbase Prime early today, according to data from Arkham Intelligence.

Ethereum was trading at $2,954 at press time, down over 6% in the last 24 hours, per CoinGecko. The digital asset dipped below $3,000 on Monday amid a market-wide selloff that saw Bitcoin sink under $86,000.

BlackRock’s latest ETH deposit follows weeks of choppy flows in BlackRock’s Ethereum ETF (ETHA). Data from Farside Investors shows the fund recorded a net outflow of $139 million yesterday, accounting for most of the $225 million pulled from US Ethereum ETFs.

As of December 12, ETHA held about 3.7 million Ethereum worth more than $11 billion. BlackRock’s fund now trails Tom Lee’s BitMine Immersion, which has expanded its holdings to nearly 4 million ETH in the past week.

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Elon Musk just made history by becoming the first person with a net worth above $600 billion. His fortune is now estimated at approximately $684 billion, according to Forbes.

It comes after SpaceX reached an $800 billion valuation in an insider share sale, making it the world’s most valuable private company.

Musk’s wealth is expected to move higher if SpaceX goes public. The aerospace firm is pursuing an IPO that could raise more than $30 billion at a $1.5 trillion valuation, a deal that could rank as the largest listing in history, Bloomberg previously reported.

Prediction markets are rapidly repricing Elon Musk’s long-term wealth outlook following his latest net worth increase.

Kalshi data shows traders are betting on an 85% likelihood that Musk becomes a trillionaire by 2029, while confidence has also increased in nearer windows. The market currently implies about a 60% probability that the CEO of SpaceX will reach the trillion-dollar threshold before 2027.

Elsewhere, Tesla stock also hit a new all-time high of nearly $490 at market close today. Shares have rallied over 20% over the past month on the firm’s robotaxi pilot progress.

The S&P 500 has reached a historic level of earnings concentration, with just seven companies, Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, now producing 26% of the index’s total net income.

This group, known as the “Magnificent Seven,” dominates profitability across multiple sectors. In Information Technology, where roughly 70 firms are listed, these companies drive 67% of the sector’s earnings.

In Communication Services, they contribute 65% of the earnings despite the sector housing around 25 stocks. Even in Consumer Discretionary, they account for 35% of total profits.

Dubai, UAE, December 16th, 2025, Chainwire

YEX , a fast-growing cryptocurrency exchange committed to making trading simple and accessible for everyone, announced the launch of its Christmas Futures Trading Championship – Holiday Season 2025, a themed series of its futures trading competitions aimed at engaging crypto traders worldwide. The campaign offers a total prize pool of $21,000 in real USDT and DOGE rewards.

The championship is now open and will run until December 31, 2025, inviting both experienced futures traders and beginners to participate. As it says, all participants can enjoy clear rules, transparent rankings, and guaranteed rewards for eligible tradings.

Campaign Details and Prizes

The Christmas Futures Trading Championship ranks participants based on individual futures trading performance. All prizes will be credited directly to participants’ YEX accounts in real-time.

Prize Distribution

• 1st place: 5,000 USDT
• 2nd place: 3,000 USDT
• 3rd place: 1,000 USDT
• 4th–100th place: Share of $10,000 worth of DOGE token

Additionally, eligible participants may receive a share of a $2,000 futures bonus distributed at random, allowing both high-performing and casual traders to take part in the event. This structure is intended to support broader engagement, including among less experienced users, by providing an opportunity to explore futures trading with limited initial exposure.

The competition is accessible on both PC and mobile platforms:

Futures-A Featured Product of YEX Exchange

YEX Futures offers cryptocurrency derivative trading with over 200 listed trading pairs. Traders can buy and sell perpetual futures contracts to speculate on price movements, and these contracts have no expiration date, allowing continuous trading at agreed-upon prices. This flexibility distinguishes YEX Futures from traditional futures, giving traders more control over their positions.

The platform supports leverage up to 150X, one of the highest in the market, allowing traders to amplify their potential gains while carefully managing associated risks. YEX also provides futures copy trading features, enabling users to follow professional traders, observe strategies in real time, and automatically copy their trades. This functionality is particularly valuable for beginners, offering an opportunity to learn market strategies and potentially replicate the success of experienced traders while minimizing learning curves.

Beyond futures trading, YEX’s ecosystem also includes spot trading, margin trading, staking, AI-powered trading bots, and institutional tools. These features collectively create a comprehensive trading environment where users can explore diverse crypto financial instruments and manage their portfolios efficiently.

About YEX

YEX is a fast-growing crypto exchange dedicated to making trading simple and accessible for everyone. Aiming to “Make Trading Easy”, YEX put users at the center of its operations, combining intuitive offerings and robust security to create a trustworthy platform.

With a comprehensive suite of crypto products, including derivatives, spot, margin trading, staking, AI bots, copy trading, and institutional tools, YEX is committed to empowering the next billion crypto users to explore and unleash their potential in crypto finance. The platform is also available on iOS and Android, providing users with the convenience to participate in crypto finance with ease.

Headquartered in Dubai and trusted by users worldwide, YEX is built on the principles of simplicity, security, and user-centricity, helping everyone trade confidently and exploring new opportunities in crypto.

Users can learn more about YEX:

Website: https://yex.io

X: https://x.com/YEXOfficial_EN

Telegram Community: https://t.me/YEXOfficial_EN

Contact

PR Manager
Amelia
YEX Exchange
[email protected]

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Bitcoin’s price suddenly dropped below $87,000 on Monday, wiping out nearly $200 million in long trades in the last hour, according to data from CoinGecko and Coinglass.

Long liquidations occur when exchanges automatically close leveraged long positions after prices fall below certain thresholds, requiring traders to sell their holdings.

The pullback in Bitcoin sent shockwaves across the crypto market. Ethereum, BNB, and Solana each lost around 4% in the last hour, while XRP fell nearly 3%.