Ethereum ETFs gain traction with $13 billion in trading volume, but ETH price impact remains subdued

Contract player benefits are here! The 35th session of HTX [Contract Hot Coin Trading Competition] has officially started - this session focuses on four popular contracts: SOL, TRX, ZEC, and AVNT. Trading will give you the opportunity to share HTX token rewards worth $15000! Event Time: 18:00-18:00 on October 28, 2025 (UTC+8) Designated contract: SOL/TRX/ZEC/AVNT USDT based perpetual contract (fully warehouse by warehouse, including documentary) Limited time benefit: Sign up and receive a free airdrop of "contract space" (worth 1200 USDT) Condition: Complete KYC L1 certification and have a contract U-based account of at least 100 USDT at the time of registration. Event details: https://www.htx.com.de/zh-cn/support/25015587192950 Overview of Activity Rewards Contract new user benefits First contract transaction with a transaction amount of ≥ 100 USDT → You can receive HTX tokens equivalent to 3 USDT (total prize pool of 3000 USDT HTX, first come, first served) This issue not only upgrades the reward intensity, but also provides real operational space for new and old users through the "free position airdrop". Newcomers have more benefits, and completing the recruitment process offers a 100% winning bonus!! 👉 Go to the HTX platform immediately to participate: https://www.htx.co.si/zh-cn/v/register-99?id=10027&inviter_id=11355720&lang=zh -cn 📢 Join the AiCoin community and follow more exchange news on new coins and earnings Official Telegram Community: https://t.me/aicoincn AiCoin Chinese Twitter: https://x.com/AiCoinzh HTX Welfare Group: https://aicoin.com/link/chat?cid=pR10DlG6r

[Crypto Market Crash Puts Nearly $1 Billion sUSDe Circular Trading at Risk of Liquidation] According to a report by Sentora Research, after the crypto market crash on October 11, nearly $1 billion in DeFi leveraged positions involving Ethena-staked USDe (sUSDe) are at risk of liquidation. The market crash caused a significant drop in DeFi market interest rates, leading to a sharp decline in returns for leveraged strategies such as sUSDe circular trading. In Aave v3 Core, the borrowing rates for USDT and USDC are approximately 2.0% and 1.5% higher than the returns on sUSDe, resulting in negative yields for users leveraging stablecoin borrowing to go long on sUSDe, with circular positions beginning to incur losses. If the negative interest rate spread persists, related positions in Aave v3 Core could face liquidation risks. The report warns that the negative interest rate spread could trigger collateral sell-offs or deleveraging, further weakening market liquidity and causing a chain reaction. Traders need to closely monitor the changes in the interest rate spread between Aave's annualized borrowing yields and sUSDe returns, especially in cases where the spread remains negative. Additionally, the rising utilization rates of USDT and USDC lending pools could drive up borrowing costs, exacerbating market pressure.

[Ethereum ICO Participant Deposits 1,500 ETH to Kraken for the First Time] Onchain Lens monitoring shows that an Ethereum ICO participant (address: 0x60d...e932) has deposited 1,500 ETH to Kraken for the first time, valued at $6.02 million. This participant acquired 20,000 ETH during the ICO at a cost of $6,220, with the current total value reaching $80.3 million, representing a return on investment of 12,914x.

OKX has announced the addition of Piggycell (PIGGY) to multiple services, including futures contracts, officially launching on October 29, 2025, at 16:00 (UTC+8). Notes: - The opening time for PIGGYUSDT perpetual contract trading is October 29, 2025, at 4:00 PM (UTC+8). Please plan accordingly. - The funding fee settlement cycle is every 4 hours. If the funding rate reaches the upper or lower limit, the settlement frequency will be adjusted to once per hour. - The leverage range is from 0.01x to 20x. Please pay attention to risk management when trading.

[Hong Kong Secretary for Justice: Issuance of fiat-backed stablecoins requires licensing] Hong Kong Secretary for Justice Paul Lam Ting-kwok stated that in recent years, stablecoins pegged to fiat currencies have developed rapidly. Anyone issuing fiat-backed stablecoins or stablecoins claiming to be pegged to the value of the Hong Kong dollar in Hong Kong must apply for a license from the Financial Authority. Issuers must comply with regulations on reserve asset management, redemption, and more, including properly segregating client assets and maintaining a sound stability mechanism.