Announcement from Ouyi on the official launch of the SOLV perpetual contract

[Community Members Analyze the Cause of Liquidity Vacuum on October 11] Community member @agintender stated that the market's 'liquidity vacuum' on October 11 might have been triggered by a chain reaction caused by high-leverage liquidations, rather than platform anomalies or liquidity withdrawal. The analysis suggests that under extreme leverage, the collateral value of large players and market makers declined simultaneously, creating liquidation pressure on both spot and contract positions. Liquidation bots executing continuous market orders exacerbated the price slump. After major market maker accounts were force-liquidated, the order book lost support, resulting in a liquidity vacuum. Reportedly, the contract insurance fund for the ATOM trading pair alone incurred a loss of approximately $150 million on that day.

Binance ASTER's current price is $1.31, with a 24-hour drop of 11.49%. 24-hour transaction volume of 2 billion US dollars, a decrease of 23.48%, for reference only

[New Address Withdraws Over 930,000 LINK from Binance] According to Onchain Lens monitoring, on October 16, a newly created address withdrew 934,516 LINK from Binance 15 minutes ago, valued at approximately $16.92 million.

[Whale Buys 10,000 ETH via OTC at an Average Price of $3,987] According to Ember monitoring, on October 16, a whale/institution purchased 10,000 ETH via OTC at an average price of $3,987. Previously, this whale had liquidated its ETH holdings at an average price of $4,458, earning $93.74 million in profit. During the transaction, $39.87 million USDC was transferred to Wintermute and subsequently withdrawn as ETH.

BBX News: Yesterday, the encryption operations of US listed companies became increasingly mature: Innovation in Financing Model: Zeta Network (NASDAQ: ZNB) raises $230 million through equity sale, with funds to be paid in BTC or SolvBTC, setting a precedent for direct Bitcoin financing - ETH staking scaling: SharpLink Gaming (NASDAQ: SBET) holds 840124 ETH, with a weekly staking yield of 488 ETH and a cumulative gain value of $20 million Steady increase in BTC holdings: Matador (NASDAQ: MTDR) invested $579000 to increase holdings of 5 BTC while raising $100 million in notes to reserve funds Institutional operations have advanced from simple coin holding to refined asset management. Source: bbx.com