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)

According to Onchain Lens, a Bitcoin OG whale increased its BTC short position, currently valued at $210 million, increasing leverage from 10x to 20x. The specific data is as follows: - Quantity: 1,823 BTC - Opening price: $116,812 - Liquidation price: $120,990 - Profit: $3.8 million

Binance Wallet posted on the X platform that due to network congestion, the system is temporarily experiencing delays, resulting in some users being unable to see interactive information about the event. This information requires a buffering time before it is displayed, and the team is actively working to resolve this issue.

According to official information, as of 10:00 AM on October 13th, the Gate Perp DEX perpetual contract protocol had a cumulative trading volume of $503,646,890 and 542,631 completed transactions. Furthermore, a Gate Perp DEX trading competition is currently underway. Completing a series of tasks, including submitting product feedback, completing your first trade, and climbing the trading rankings, will earn you a chance to win a surprise airdrop of up to 500 GT. Gate Perp DEX is a high-performance perpetual contract trading platform built on Gate's high-performance second-layer network, the Gate Layer. With exceptional liquidity as its core advantage, it aims to provide users with an extremely fast, transparent, and secure trading experience.

According to The Data Nerd, 15 minutes ago, the Qube_RT address (0xAdf...f 04 C) deposited 220,000 AVAX tokens, valued at approximately $5.05 million, into Binance. These tokens were accumulated from Galaxy Digital two months ago at an average price of $24.7. If sold at the current price, the loss would be approximately $380,000; if sold last week, the profit would be approximately $1.22 million.

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.

Venezuelan opposition leader and pro-democracy icon María Corina Machado has been awarded the 2025 Nobel Peace Prize, recognized not only for her unyielding battle for freedom but also for her embrace of Bitcoin as a tool of human rights and resistance.

Coinbase is launching a new credit card with American Express and Cardless, offering up to 4% cashback in bitcoin. The Coinbase One Card, set to arrive in the US in autumn 2025, will be available only to Coinbase One members.

President Donald Trump is reportedly considering a full pardon for Binance founder and former CEO Changpeng “CZ” Zhao — a decision that could not only rewrite CZ’s legacy but also redefine Washington’s stance on crypto regulation.

After half a year, the US-China tariff war has once again become the core market factor determining the trend of BTC and the crypto market; as the cycle is coming to an end, the internal liquidity dilemma of the crypto market is also plaguing the market.

Barron has been involved in establishing a luxury real estate company, the Trump family's crypto project WLFI, and running for a senior position at TikTok...

A new business order is taking shape, and those companies that have not yet realized that their position has changed will pay the price in this reconstruction of the order.