Bank giant PNC with assets of $400 billion will provide Bitcoin trading services

[Gauntlet CEO: Outdated ADL Mechanism Causes $650 Million Loss for Hyperliquid Users] Gauntlet CEO Tarun Chitra pointed out that the commonly used Auto-Deleveraging (ADL) mechanism led to significant losses for Hyperliquid. Chitra stated that during the crypto market crash on October 10, more than $650 million was auto-deleveraged from profitable traders' positions, an amount 28 times the potential bad debt faced by the relevant exchange. This decade-old 'queue algorithm' is currently used by several perpetual contract platforms such as Binance, Hyperliquid, and Lighter, whereas a new ADL algorithm could have prevented such losses.

[Huang Licheng's Address Liquidated 1,800 ETH, Currently at a Floating Loss of $540,000] Huang Licheng's ETH long position was liquidated at a price of $3,185.7 during the decline, involving 1,800 ETH (approximately $5.73 million). He is still holding a long position of 7,200 ETH (approximately $22.93 million) with 25x leverage, currently at a floating loss of $540,000.

The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.

[Ondo Finance: Stock Token Liquidity Comes from Nasdaq and NYSE, Not AMM] Ondo Finance posted on Platform X stating that the liquidity of its stock tokenization platform comes from the stock market, primarily from Nasdaq and the New York Stock Exchange, rather than AMM pools. This ensures that there is almost no slippage during large-scale transactions. Each stock token is fully backed by custodial shares, adopting a model similar to stablecoin reserves.

CryptoQuant analysis suggests that as low selling pressure opens up space for a rebound, Bitcoin may climb to $99000. The next resistance levels are $102000 and $112000, respectively. （Cointelegraph）