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[Ethereum Developers Warn of Potential Risks from Paradigm's Influence on the Ecosystem] Ethereum core developer Federico Carrone recently stated that the growing influence of venture capital firm Paradigm on the Ethereum network could pose potential risks to the ecosystem. Carrone pointed out that although Paradigm has created value within the community, as a profit- and influence-driven venture fund, its goals may conflict with Ethereum's philosophy of decentralization and political ideals. Paradigm has gradually expanded its influence by hiring key Ethereum researchers and funding significant open-source projects. Additionally, the company recently partnered with Stripe to incubate a Layer-1 blockchain project called Tempo, which focuses on stablecoins and payments and is effectively controlled by Stripe, contrasting sharply with Ethereum's decentralized and open-source nature. This development has raised concerns about Paradigm's long-term impact.

[Wintermute Founder: 10.11 Crash Caused by Excessive Market Leverage and Multiple Factors] On October 20, Wintermute founder Evgeny Gaevoy stated in a podcast that the '10.11' crash was the result of multiple overlapping factors, including excessive market leverage, an increase in token types and perpetual contract products, as well as more large platforms participating in trading. He pointed out that although the market is more mature compared to three or four years ago, it also brings potential risks. The specific parties affected by liquidation remain unclear, but many institutions may have suffered significant losses due to the impact of the ADL mechanism on their long-short hedging strategies.