According to Onchain Lens monitoring, the whale that previously re-established a long position in Ethereum (ETH) with 25x leverage has now turned losses into profits, with a floating profit of approximately US$8 million and a cumulative income of approximately US$5.8 million.

Binance issued a statement addressing the significant market volatility triggered by global macroeconomic events between 04:50 and 06:00 Beijing Time on October 11th. Officials stated that the overall crypto market plummeted due to concentrated selling by both institutional and retail investors. Binance has conducted a comprehensive review and confirmed that its core futures and spot matching engines and API trading remained normal throughout. Only some modules experienced a brief technical glitch after 05:18 Beijing Time on October 11th, resulting in the depegging of certain assets. Binance provided compensation of approximately $283 million to affected users within 24 hours of the incident, primarily covering collateral losses caused by the depegging of USDE, BNSOL, and WBETH. Additionally, Binance will compensate users who incurred losses due to internal transfers and delayed redemptions of Earn products. Regarding the extremely low prices of certain spot trading pairs, Binance explained that this was primarily due to historical limit orders being triggered by one-sided liquidity and UI display accuracy issues, and was not a system error. Officials have pledged to further optimize the interface display and liquidity mechanism, and will continue to publicly update compensation progress. Binance reminds users that the current cryptocurrency market is volatile and traders should maintain risk control and allocate positions reasonably.

OKX market data shows that BTC has broken through 115,000 USDT and is currently trading at 115,044.4 USDT, a 24-hour increase of 4.06%. (This newsletter is generated by AI)

In response to the recent market decline, Binance issued a statement stating: - The decoupling of some Binance yield products related to USDE, BNSOL, and WBETH occurred after the market crash. This decoupling impacted some users who held these assets as collateral and were forced to liquidate their positions. Binance has assumed responsibility and fully compensated them for their losses. Compensation has been paid in two tranches, totaling approximately $283 million. - During the period of significant market volatility, internal fund transfers and Earn product redemptions experienced brief delays, impacting timely margin replenishment. Binance will compensate users with verified losses. Furthermore, regarding the extreme price fluctuations of certain tokens on the Binance platform, Binance stated: - Historical limit orders (some dating back several years, even as early as 2019, such as IOTX and ATOM) remain on the platform. During a significant market sell-off and insufficient buy orders, sell orders continued to execute these long-term limit orders, causing a temporary and significant drop in token prices. Some trading pairs (such as IOTX/USDT) recently reduced the number of decimal places in the minimum price change, causing the user interface to display prices as zero. This is a display issue, not an actual zero price. Binance will optimize the UI display and correct the abnormal price display in the UI (without further announcement) to ensure a better trading experience. The API interface is not affected.

OKX market data shows that ETH has broken through 4100 USDT and is currently trading at 4103.23 USDT, a 24-hour increase of 7.43%. (This newsletter was generated by AI)

OKX market data shows that BTC has broken through 114,000 USDT and is currently trading at 114,012.6 USDT, a 24-hour increase of 1.94%. (This newsletter was generated with AI assistance)

BNB Chain announced in a post on the X platform that it is collaborating with Four Meme, with support from PancakeSwap, Binance Wallet, and Trust Wallet, to launch a $45 million "Rebirth Support" BNB airdrop program. This airdrop will be distributed to over 160,000 user addresses, aiming to assist those who suffered losses from Meme trading over the past week. The first batch of airdrops will be distributed this week, with all addresses expected to receive the full amount by early November.

According to an official announcement, Binance will list Euler (EUL) at 2:30 PM (UTC) on October 13, 2025, and will open a variety of services. EUL will feature Binance's simple earning, buying, swapping, leveraged, and futures trading. The simple earning flexible product, leveraged trading pairs EUL/USDT and EUL/USDC, and U-margined EUL perpetual contracts (up to 75x leverage) will be available at a designated time. Buying and swapping services will be available within one hour of the spot listing. (This newsletter was generated with AI assistance.)

According to MyStonks data, at the US stock market opening, the Dow Jones Industrial Average rose 0.86%, the S&P 500 rose 1.13%, and the Nasdaq rose 1.54%. The crypto sector saw mixed gains and losses, with Bitmine (NASDAQ: BMNR) up 2.99%, Circle (NYSE: CRCL) up 4.18%, Coinbase up 0.33%, SOL Strategies down 6.32%, ETHZilla (NASDAQ: ETHZ) unchanged at 0.00%, and BTCS up 0.4%. MyStonks is a decentralized RWA trading platform that has listed hundreds of RWA tokens, including US stocks and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to Foresight News, the Chicago Mercantile Exchange (CME) has introduced options trading services for SOL and XRP. This development marks a significant expansion in CME's cryptocurrency offerings, providing traders with more opportunities to engage in the digital asset market. The addition of SOL and XRP options is expected to enhance market liquidity and offer investors new strategies for managing risk and capitalizing on market movements.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The UK Financial Conduct Authority (FCA) announced the end of its multi-year ban on retail investment in cryptocurrency exchange-traded notes (ETNs), allowing retail investors to purchase cryptocurrency ETNs such as Bitcoin and Ethereum on regulated stock exchanges.

Crypto market, review of the "10.11" crash: liquidity vacuum, revolving loan leverage and exchange downtime Golden Finance, 10.11 is a day that will go down in the history of crypto.

Recommended reading for tonight: Barron Trump, the "Chosen One," made his first fortune after January 10th; the mysterious whale that caused the biggest short-selling event during the October 11th flash crash; and the perpetual contract ADL mechanism explained after waking up to find your positions were automatically liquidated on October 11th.

HIP-3 will indeed put some pressure on the PERP of small CEXs, but it will not be as devastating as Uniswap's impact on the listing business of third-tier exchanges.

Polymarket, A "Guess": How was the Nobel Peace Prize winner's information leaked? Golden Finance, The answer may be hiding in plain sight—the Nobel Prize website.

Chinese investors who lost money in a $6 billion Bitcoin Ponzi scheme face a long legal battle to reclaim their funds from 61,000 bitcoins seized by U.K. authorities, now worth over $7.4 billion. The case centres on Qian Zhimin, who pleaded guilty to money laundering, but tracing the coins back to individual victims remains highly complex.

The Web3 and NFT community is mourning the loss of Benoît Pagotto, co-founder of the digital fashion house RTFKT, who passed away suddenly at the age of 41, according to multiple industry colleagues. Pagotto, known for his visionary work blending gaming, fashion, and blockchain, helped shape one of the most influential digital culture brands of the last bull cycle.

The USDE depegging on Binance lasted approximately 45 minutes, with a maximum depegging amplitude of approximately −35% (instantaneously). During this period, total trading volume exceeded 780M USD. This incident is more akin to a liquidity flash crash than a structural risk in the protocol.

OpenAI is making Singapore a key hub for its Asia-Pacific expansion, aiming to grow its team and work with major clients like Singapore Airlines, Grab, and Sea Group. The company is offering customised AI solutions and investing in partnerships and infrastructure to support the rapidly growing ChatGPT user base.