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)

1. Binance: $283 million in compensation has been paid to users affected by tokens such as USDE. The extreme prices of some tokens during the market decline were due to a display issue. 2. Michael Saylor has released Bitcoin Tracker information again and may disclose increased holdings next week. 3. OKX Star: The crypto industry should take some time to reflect on the real reasons for the market crash. 4. Forbes: Trump may be one of the largest Bitcoin investors in the United States, holding approximately $870 million. 5. Coinbase CEO: The world needs cryptocurrency because it guarantees economic freedom. 6. Tether CEO: USDT has performed stably during the turbulent crypto market. 7. Formula Founder: Long positions in XPL have been closed and long positions in SOL have been reduced by half. 8. Analysis: The full impact of the crypto market's "October 11 flash crash" may take days or even weeks to manifest. 9. Four.Meme: Recently suffered an on-chain contamination attack, and new token issuances will require a 0.01 BNB margin. 10. CEA Industries CEO: BNB Fundamentals have been broken through, and the new high price highlights its "blue chip" characteristics; 11. CZ: BNB has no market maker; 12. Binance Wallet: We are addressing the issue of Meme coins "flooding" the premium internal trading page; 13. CZ responded to the request to verify the identity of the BTC whale who publicly swapped ETH: Binance will not be required to violate user privacy; 14. Venus Labs intends to compensate eligible users who suffered losses due to the WBETH price decoupling.

According to Coinglass data, the COAI contract transactions on the entire network had a 24-hour liquidation of more than 3,114.03 yuan, long positions had a liquidation of 11.7834 million US dollars, and short positions had a liquidation of 15.3969 million US dollars. The liquidation amount was only less than BTC, ETH and SOL.

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