ETH falls below the $4100 mark
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OKX-ETH/USDT is currently trading at $4099.82, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.
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OKX-ETH/USDT is currently trading at $4099.82, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.
[Ethena Founder Praises Binance for Compensating Affected Users] On October 12, Binance pledged to fully compensate stablecoin users affected by liquidation losses, with a total amount of approximately $283 million. Ethena Labs founder Guy Young posted on X, commending Binance for its swift response and efforts to rebuild user trust. He stated that the partnership between the two parties remains unaffected by the incident and that they will work together to optimize risk management solutions, with related updates expected to be announced this week.
[CryptoQuant: Stablecoin Inflows Reach $3.2 Billion, Setting Monthly High] Data shows that recent stablecoin inflows have increased by $3.2 billion, marking the highest level in the past month. Analysts believe this indicates that the market is making significant preparations for the upcoming CPI data release, or it may signal potential market volatility. (CryptoQuant)
[Revolut's UK Banking License Approval Stalled Due to Risk Control Issues] According to the Financial Times, London-based digital finance company Revolut's application for a UK banking license has stalled due to regulatory concerns over its risk control systems. Regulators have questioned whether the company's existing risk management framework can support the rapid expansion of its overseas business. Previously, in 2024, Revolut obtained a UK banking license with certain restrictions, which was seen as a significant step toward achieving its goal of going public.
[Traders Expect the Bank of England to Cut Rates by 46 Basis Points by the End of 2026] Traders' expectations for the Bank of England's future monetary policy have shifted further toward easing, with the market anticipating a cumulative rate cut of 46 basis points by the end of 2026. This bet reflects investors' expectations of a slowdown in UK economic growth and easing inflationary pressures, while also demonstrating market confidence that the central bank may adopt more accommodative policies to support the economy.
[Crypto KOL @Cbb0fe Deposits 5 Million USDC into Hyperliquid, Sets Up Multiple Limit Buy Orders] On-chain data shows that well-known crypto KOL @Cbb0fe deposited 5 million USDC into the Hyperliquid platform and quickly placed multiple limit buy orders, suspected to be engaging in bottom-fishing operations. The specific order details are as follows: - ETH: Buy range $3250-$3450, total amount approximately $1.34 million - PUMP: Buy price $0.0019, total amount approximately $1.14 million - XPL: Buy range $0.2-$0.25, total amount approximately $970,000 - ENA: Buy price $0.19, total amount approximately $800,000 - BERA: Buy price $0.9, total amount approximately $720,000 @Cbb0fe previously gained widespread attention for participating in the 'Whale Hunting Squad' targeting insider trading. This operation has sparked significant market discussion.