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The 2008 financial crisis is a significant economic event often explained through various concise sources. In three minutes, one can understand its causes, including subprime mortgage defaults and excessive risk-taking by financial institutions. Warren Buffett also provided insights into this crisis. A five-minute history lesson summarizes its impact, revealing a global economic downturn triggered by the collapse of major financial institutions and the housing bubble burst.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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