⚠️ NEAR’s private perps now share margin. Who can see the risk?
📊 The new cross-margin option lets positions draw on one balance. NEAR describes a confidential route into a dedicated Hyperliquid account, while the exchange still has to price and liquidate the trades. A trader switching an existing position from isolated to cross margin would need to understand which pool then supports it and whether the change alters withdrawable funds. Hyperliquid’s documentation describes the modes, but NEAR’s short launch post does not publish an interface-specific walkthrough of every switch or collateral type. The relevant account setting should be visible before a customer confirms a position, with the current maintenance requirement and the effect on other trades. An attractive quoted return says little about whether a new loss can reach collateral held for a separate strategy.
⚡️ Cross margin is sometimes described as reducing liquidation risk because spare balance can support a losing trade. The statement is only half the picture. Spare balance can delay a particular position’s liquidation, while the overall account can lose more if several positions deteriorate. Isolated margin draws a firmer boundary around the collateral allocated to one trade, but it can liquidate that trade sooner even when money sits elsewhere. Neither mode is universally preferable; the allocation is a choice about how losses are shared. The new feature changes that allocation for NEAR’s users.
⚠️ Take an illustrative account with $1,000 of collateral and two positions, each with a notional exposure of $2,000. A $300 mark-to-market loss on one trade would reduce account equity before considering funding or fees. If the other trade gained $200, the combined change would be a $100 loss. Cross margin looks at the pool and its maintenance requirements; the example does not establish a liquidation price because each asset’s margin tier, mark price and position size matter.
🔔 Bitget restricts users in Russia and Belarus under new rules
🔗 Bitget has announced plans to close selected cryptocurrency accounts following an October 16 update to its terms of use that lists Russia, Belarus and Kazakhstan among countries where customers cannot access its services. In an October 17 statement on X, the exchange confirmed that affected customers would receive individual notifications explaining when they must stop trading, close positions and withdraw their remaining funds. Bitget described the action as “a one-off exercise for certain users only” and said its trading platform would continue operating.
❗️ The announcement did not identify how many users would lose access or provide a common deadline. Customers who have not received a termination notice can continue using their accounts, provided they meet the exchange’s eligibility requirements. Bitget’s eligibility rules require customers to confirm that they are not restricted persons and are not accessing services from locations where trading is prohibited under its terms. The agreement applies to individuals and corporate entities, with separate provisions addressing sanctions and other legal restrictions.
🌐 Other jurisdictions appearing on the list include Canada, the United States, France, Germany, Japan and Singapore. The October revision did not newly introduce restrictions against customers in all these markets, and the updated document does not identify which existing users will receive termination notices. In response to a question about Russian customers, Bitget’s official support account referred to the prohibited-country list and cited compliance with regulations in different jurisdictions.
⚠️ Dogecoin records $57M net outflows: What’s next?
❗️ Dogecoin has recorded approximately $57.2 million in net spot outflows over seven days, with CoinGlass reporting $538.16 million in outflows against $480.96 million in inflows as DOGE fell nearly 9% during the week. CoinGlass data showed a seven-day spot net flow percentage of -599.50%, alongside continued pressure on the cryptocurrency’s price. The figures indicate that more funds left the tracked spot market than entered during the reporting period, although they do not establish that large investors purchased Dogecoin or moved the withdrawn assets into long-term storage.
⚡️ Meanwhile, Dogecoin traded near $0.085 on October 11, according to CoinGecko, after declining from levels above $0.09 earlier in the month. Dogecoin’s latest spot flow data shows a difference between funds moving into and out of cryptocurrency exchanges during the past seven days.
🔖 According to the CoinGlass data, total inflows reached $480.96 million, while outflows amounted to $538.16 million. The difference produced net outflows of $57.2 million. CoinGlass’s reported -599.50% spot net flow indicator describes a change in its percentage-based metric. It should not be interpreted as a 599% decline in total trading activity. The dollar figures provide a more direct comparison of exchange movements during the period.