Relay raises $17 million in Series B funding, led by Archetype

[A whale liquidated its holdings of ENA, MNT, ETH, and LDO, making a profit of $340,000] An hour ago, a whale liquidated its holdings of ENA, MNT, ETH, and LDO, selling a total of $2,597,000 and making a profit of approximately $340,000. Specifically, it bought $433,800 worth of ENA and sold $946,900; bought $166,700 worth of MNT and sold $138,000; bought $1,470,000 worth of ETH and sold $1,290,000; and bought $186,700 worth of LDO and sold $222,100. The cryptocurrency market subsequently experienced a sharp drop, with ETH briefly falling below $2,330.

Coinbase Derivatives Undergoes System Maintenance, Suspending Futures and Perpetual Contract Trading Coinbase Derivatives will undergo planned system maintenance starting at 18:00 on October 24th, expected to last up to 9 hours, ending around 3:00 on October 25th. During maintenance, futures and perpetual contract trading will be suspended; users will be unable to submit or modify orders, but can log in to their accounts to check their balances. This maintenance is in conjunction with the Futures Industry Association (FIA) annual disaster recovery test.

David Schwartz, Ripple's Honorary Chief Technology Officer, stated that it's highly unlikely that XRPL's high success in financial applications would be accompanied by a lack of demand and value for XRP. XRPL's low fees and reliable performance attract financial activity, and demand for XRP increases as assets and transactions flow through the network. XRP's value stems from increased network usage, the need to pay network transaction fees in XRP, and its liquidity provision as a neutral asset without counterparties. Validator Vet added that XRPL's built-in decentralized exchange and the circulation of assets like RippleUSD enhance XRP's role, and XRP can act as a bridging currency through automatic bridging.

Affected by the short-term plunge in the crypto market, Machi Dage's 25x ETH long position was partially liquidated, leaving him with a remaining position of 252 ETH, worth approximately $592,000, with a floating loss of approximately $24,000. The current liquidation price is $2,326.

US President Trump is preparing to resume strikes against Iran after the November 3rd midterm elections, having deployed a third carrier strike group and 10,000 sailors and Marines to the Persian Gulf. US Defense Secretary Hergsays visited Israel and met with Netanyahu, and the State Department ordered the evacuation of some diplomatic personnel and their families from Saudi Arabia. Iran is planning retaliation in the Middle East, and Iranian Foreign Minister Araqchi stated that diplomatic progress is currently limited. The conflict has disrupted energy transport in the Persian Gulf, pushing Brent crude oil prices up more than 80% this year and impacting the Republican Party's midterm election prospects. (Source: Bloomberg)