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)

Garrett Jin, a BTC whale who has been high-profile in shifting ETH positions, responded to market rumors by posting three updates on his personal account, "X." The first update reads: "Hi, CZ, thank you for sharing my personal information. To clarify, I have no connection to the Trump family or Donald Trump Jr. — this is not insider trading." The second update reads: "This fund does not belong to me — it belongs to my clients, for whom we run nodes and provide internal research and insights." The third update reads: "I would like to briefly share three points: 1. I will explain the bearish view we published at the time; 2. My thoughts on the 10/11 incident; and 3. My thoughts on how the entire industry can do better."

Forrest, founder of Opinion Labs, a prediction market backed by YZi Labs, tweeted that Opinion Labs is about to release its mainnet.

Ansem stated on the X platform that HYPE tokens may soon face selling pressure. Some users who were liquidated during the recent market volatility, whose staked HYPE remains unaffected, are expected to choose to unstake their tokens to recover their funds, which could put some selling pressure on the market.

According to SoSoValue data, Ethereum spot ETFs saw a net inflow of $488 million during last week's trading days (October 6th to 10th, US Eastern Time). The Blackrock ETF (ETHA) saw the largest weekly net inflow, with $638 million, bringing ETHA's total net inflow to $14.49 billion. The Grayscale ETF (ETH) saw the largest weekly net inflow, with $11.75 million, bringing ETH's total net inflow to $1.53 billion. The Fidelity ETF (FETH) saw the largest weekly net outflow, with $126 million, bringing FETH's total net inflow to $2.69 billion. As of press time, the total net asset value of the Ethereum spot ETF was US$27.51 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.89%, and the historical cumulative net inflow has reached US$14.91 billion.

Was the October 11 flash crash of BTC and USDebit a coordinated attack? The evidence is disturbing. Golden Finance: Was it a coordinated attack on Binance and USDebit?

This article analyzes the USDE de-anchoring incident during the flash crash on October 11 from the perspective of lending and leveraged trading.

Many people wake up to find their positions liquidated, and they're curious about what "auto-deleveraging" (ADL) actually means. What is auto-deleveraging? How does it work? Why does it exist?

Introducing USDai, another stablecoin project invested by Plasma investor Framework.

Bitcoin’s price plunged to $102,000 on Binance’s perpetual futures pair after U.S. President Donald Trump reignited trade war fears by announcing sweeping 100% tariffs on Chinese imports.

Ukrainian crypto trader Konstantin Galich, known as *Kostya Kudo*, was found dead in his Lamborghini in Kyiv after a severe $400 billion crypto market crash triggered by Trump’s tariffs on Chinese imports. Authorities are investigating, with early signs pointing to suicide amid financial stress and market losses.

Exchanges need to maintain their proud image as the "chosen one", market makers need to obtain excess profits, and VCs need to exit and cash out. Ultimately, all costs are passed on to retail investors.

The controversial document, submitted by Democrats on the Senate Banking Committee to Republicans on the committee, targets the regulation of the DeFi sector.

Golden Finance has launched the 2844th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.

The October 11th crypto market flash crash is still unfolding. Who is the mysterious whale behind the biggest short-selling operation?