Binance MYX is currently priced at $2.82, with a 49.01% drop over 24 hours. 24-hour transaction volume of 1.1 billion US dollars, an increase of 160.18%, for reference only

[Bitmine Holds 2.83 Million ETH with a Current Unrealized Loss of $1.93 Billion] October 11 news, Onchain Lens pointed out that Bitmine's holding of 2,830,151 ETH has incurred an unrealized loss of $1.93 billion due to price decline. The total acquisition cost of this batch of ETH was $12.83 billion, with an average price of $4,535, and its current valuation is only $10.9 billion.

[USDC Treasury Mints 250 Million USDC on Solana] On-chain data tracking platform Whale Alert shows that at 11:21 AM Beijing time on October 11, USDC Treasury minted 250 million USDC on the Solana blockchain. This large-scale minting may be related to liquidity needs or ecosystem expansion, with specific purposes yet to be disclosed.

[Dov: Lack of Liquidity in New Project Tokens Causes Altcoin Crash] On October 11, Mango Labs founder Dov stated that market makers currently tend to adopt an active order-taking strategy, rarely placing limit orders to control the market, resulting in insufficient liquidity for new project tokens. Market makers typically dump their holdings within a week after the token launch, then cease providing liquidity and wait for the next project to go live. This phenomenon has led to some altcoins experiencing a 70%-80% crash during early morning hours, triggered by trading volumes of just tens of millions of dollars.

[Two Hacker Addresses Panic Sell ETH, Losing $3.7 Million] According to Lookonchain monitoring, two hacker addresses sold 5,480 ETH during a market downturn, with a total value of approximately $20.47 million. The average purchase price was previously $3,735, and this sale resulted in a loss of about $3.7 million.