PNC Bank: Collaborating with Coinbase to Allow Private Customers to Purchase and Hold Bitcoin
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PNC Bank has partnered with Coinbase to allow private clients to purchase and hold Bitcoin in their existing accounts. This is the first time that a major bank in the United States has provided such services. （Bitcoin Archive）
[Framework Co-Founder States Most Institutions Have Liquidated or Reduced Sky Tokens While Framework Remains Heavily Invested]
Framework Ventures co-founder Vance Spencer posted on the X platform, stating that under the context of no lock-up restrictions for Sky tokens, Framework is currently the only VC still holding a significant amount of Sky tokens. Paradigm (previously held approximately 7%), a16z (previously held approximately 6%), Bain (previously held approximately 2-4%), and Syncracy (previously held approximately 1%) have sold all their holdings, while Dragonfly (previously held approximately 4-5%) and Parafi (previously held approximately 3-4%) have sold most of their holdings.
[U.S. Spot Bitcoin ETF Net Inflow of $221.56 Million Yesterday]
Data monitored by Trader T shows that the U.S. spot Bitcoin ETF had a net inflow of $221.56 million yesterday.
[Gauntlet CEO: Outdated ADL Mechanism Causes $650 Million Loss for Hyperliquid Users]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.