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)

Flying Tulip has officially announced details of its public offering, which will be divided into four rounds: Early Access, Supporter Whitelist, Intent Whitelist, and Open Public. Each round will have identical fundraising terms. The public offering will support six blockchains: Ethereum, Avalanche, Sonic, Base, BSC, and Solana, with varying limits on the amount of funds each chain can accept.

According to market news, Pyth Network has partnered with Kalshi to provide real-time prediction market data.

Monad officially announced that the airdrop claim portal will open at 21:00 Beijing time tomorrow.

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.

The development of Web3 signature technology demonstrates humanity’s unremitting exploration in the field of digital security.

We are building systems on a scale comparable to traditional finance, but we haven’t yet established the necessary self-regulatory rules. Real progress in financial infrastructure won’t come from speed, but from accuracy, transparency, and shared standards.

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.