最新报道:According to a 10x Research report, the recent crypto market crash has exposed deep-seated issues in exchanges' clearing and risk control mechanisms, with some platforms profiting from the incident while others suffered hundreds of millions of dollars in losses. The report notes that automated liquidation systems, designed to provide liquidity, have amplified volatility during extreme market conditions, prompting institutions to re-evaluate their risk management systems. A new focus of discussion is emerging within the industry: whether crypto exchanges should adopt "circuit breakers," emulating traditional financial markets, to limit extreme volatility. 10x Research suggests that such a move could permanently alter the volatility structure and profitability of the crypto market. The report also recalls the political backlash caused by leveraged liquidations in 2021, following Musk's announcement that Tesla would stop accepting Bitcoin payments. The far-reaching impact of this recent crash could similarly reshape the crypto market structure.