According to PANews, Onchain Lens has reported that a significant Ethereum position held by Huang Licheng, known as @machibigbrother, faced partial liquidation due to insufficient available margin on a 25x long position. Despite the liquidation occurring while the position was still profitable, Huang Licheng subsequently increased his holdings. The current value of the position stands at $13.5 million, with a floating profit of $370,000.

According to Coinglass data, $230 million in positions were liquidated across the network in the past hour, including $211 million in long positions and $19.55 million in short positions. Notably, the largest single liquidation in the past 24 hours occurred on the Hyperliquid platform, a BTC-USD trade worth a staggering $96.5116 million. This data indicates that the market experienced significant volatility in a short period, leading to a major impact on long positions. (Coinglass)

According to CoinMarketCap (CMC) data, the CMC Altcoin Season Index currently stands at 32. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization to determine whether the market is shifting towards altcoins or Bitcoin dominance.  

OKX market data shows that ETH has broken through 3200 USDT and is currently trading at 3200.35 USDT, with a 24-hour increase of 1.11%. (This news item was generated with AI assistance.)

OKX market data shows that BTC has broken through 96,000 USDT and is currently trading at 96,013.9 USDT, with a 24-hour increase of 0.49%. (This news item was generated with AI assistance.)

Alfa-Bank has begun pilot testing a contactless payment system in which customers can complete purchases using facial recognition. The bank confirmed the launch through Moscow-based outlet Gazeta. ru, noting that internal staff using Android devices are the first participants in the closed trial. “Pay with your eyes,” or “Vzglyad,” is now being tested on Alfa-Bank’s own […] source: https://www.cryptopolitan.com/russia-alfa-bank-test-payment-service-vzglyad/

Ethena Labs recently proposed a new mechanism to support orderly market liquidity and stability by repurchasing and burning USDe when its price falls significantly below its pegged value in the secondary market. This proposal is a risk management response to the event on October 10th on the Binance exchange where the USDe price briefly and severely de-pegged to $0.65. Core Mechanism Repurchase Conditions: Activated only in the event of "severe market dislocations," with an initial price threshold set at USDe trading at $0.99 or lower. Funding Source: Repurchase using stablecoins (such as USDT) available in USDe's existing reserves. Funding Amount: Proposed use of 1.2% of USDe's total reserve assets, approximately $95 million based on the current USDe supply. Operation Method: Repurchase will be executed by placing buy orders on centralized exchange (CEX) order books, using an off-chain solution, without directly depositing reserve assets into the exchange. Instant Burn: Purchased USDe will be burned immediately. Protocol Benefits: The net impact of this mechanism will be: Increased Collateral Ratio: Purchasing USDe below $1 captures price spreads, increasing protocol reserves and thus increasing the collateral ratio of USDe. Reduced Supply: Burning USDe reduces its circulating supply. Price Support: Provides direct buying support in the secondary market when the market is under pressure, stabilizing the USDe price. Gas Fee Management: Ethena can use the captured price spreads to cover high gas fees, ensuring arbitrage operations can continue even during network congestion, which is one of the reasons why market makers were restricted on October 10th. Background: During the market volatility of October 10th, although Ethena's core minting/redemption functions operated normally and processed over $2 billion in instant redemptions within 24 hours, the USDe/USDT spot price on Binance experienced significant decoupling due to the lack of direct USDe minting/redemption integration on Binance and deposit/withdrawal issues encountered by traders on CEXs. This proposal aims to proactively intervene in the secondary market to avoid a "cyclical loop of USDe liquidations" effect caused by similar events and generate net benefits for the protocol. The Risk Committee members have received this proposal and will provide further advice. (Ethena Labs Research)

null source: https://x.com/BTC_Archive/status/1990428345951998198

According to PANews, Tom Lee, co-founder of Fundstrat and chairman of BitMine, has noted that cryptocurrency prices have not rebounded since a significant liquidation event on October 10. The ongoing weakness suggests that market makers' balance sheets may be compromised. When balance sheets show a 'gap,' market makers tend to seek funding and reduce market liquidity operations, akin to quantitative tightening in the cryptocurrency sector, which can suppress prices. In 2022, this quantitative tightening effect lasted for 6 to 8 weeks, and a similar situation may be unfolding now. However, Lee believes that cryptocurrency prices have not yet peaked in the current cycle. After analyzing five cycle explanations, he identified two with significant value, both indicating that the peak of the cryptocurrency cycle may still be 12 to 36 months away, differing from past cycles. Following the largest single-day deleveraging event in cryptocurrency history on October 10, trading volumes are still recovering, impacting related stocks. Historically, the fourth quarter is a strong season for cryptocurrency and stock prices, encouraging investors to increase 'open contracts.' Therefore, related trading volumes are expected to improve in the coming weeks.

According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average fell 0.23%, the S&P 500 fell 0.38%, and the Nasdaq Composite fell 0.48%. The crypto sector generally declined, with Coinbase down 3.45%, BitMine down 1.42%, and SharpLink down 2.11%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stocks and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Projects, Crypto Market, Why is Researching Web3 Projects Becoming Increasingly Meaningless? Golden Finance, The Reversal of Information Barriers—When AI Becomes a Tool for Creating Fog.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The financial status of digital asset vaults (DATs) is intricately intertwined with DeFi strategies, making it extremely challenging to analyze the financial performance of these companies.

Behind the allure of high returns may lie carefully packaged high-risk assets, and the safety margin of stablecoins is facing a test.

Following last week's drop below the upper limit of the "Trump bottom" at $110,000, and accompanied by a sudden increase in macroeconomic uncertainty, the market plunged 10.04% this week, breaking through two key technical support levels: the lower edge of the current bull market's upward channel and the 360-day moving average.

In 2025, driven by regulatory implementation, institutional adoption, and reserve upgrades, stablecoins will officially move from crypto products to global financial infrastructure.

As the AI-powered live trading competition heats up, more and more crypto communities and developers are starting to experiment with AI-driven automated trading, and many open-source solutions are being rapidly deployed.

In the third quarter of 2025, Japan's GDP fell by 0.4% quarter-on-quarter, marking the first contraction in six quarters.

Spain’s financial authority, the CNMV, has hit X with a €5 million fine for allowing unauthorized crypto promotions to run on its platform. The ads in question promoted Quantum AI, a company with no legal permission to offer investment services in Spain.

Alibaba has launched its new AI chatbot app, Qwen, available globally and free to use, aiming to compete with ChatGPT and integrate into its wider digital ecosystem. The app has already drawn high user traffic and caused concern in the U.S. tech sector, highlighting Alibaba’s growing influence in AI development and adoption.