ETH falls below the $3400 mark

[Base Head: Listing Costs for Exchanges Should Be Zero] Base protocol head Jesse Pollak posted on the X platform stating that the cost of listing coins on exchanges should be zero.

[Polygon Co-Founder Warns of Losing Dominance Due to Late Adoption of Stablecoins] Polygon Co-Founder Jordi Baylina stated that countries adopting stablecoins later may face issues similar to late adopters of the internet. He pointed out that U.S. businesses dominate the digital space, and U.S. stablecoins may also dominate the currency sector, ultimately posing a network effect challenge to monetary sovereignty.

The current price of ETH is $3795.24, a decrease of 12.98% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 4.279 billion US dollars, with multiple orders being the main liquidation and ETH liquidation of 1.07 billion US dollars (25.02%). The data is for reference only.

[Gen Z Trader 0xRay518 Holds Over $60 Million in BTC] According to HyperInsight monitoring, Gen Z trader 0xRay518 established a new BTC long position at a price of $111,200 on October 11 and has since accumulated approximately 548 BTC. The current position is valued at around $61.81 million, with an unrealized loss of $1.56 million. Previously, Ray turned an initial capital of $240,000 into $6 million in profit within a month, with a single-day peak profit of $5.92 million USDC. BlockBeats reminds investors that recent market volatility has intensified, and risk management should be a priority.

[New Address Withdraws 24,409 ETH from Kraken] According to Onchain Lens monitoring, on October 11, a newly created wallet address withdrew 24,409 ETH from Kraken, valued at approximately $93.18 million. In addition, the whale address starting with 0xedf received 8,914 ETH from FalconX, valued at approximately $34.10 million, and currently holds 28,933 ETH, with a total value of approximately $110 million.