CZ claims that the accusations are far fetched. Binance stated that Bitcoin hit bottom at 05:20 (UTC+8) and the de anchoring event began at 05:36 (UTC+8); Ethena and Dragonfly's Haseeb Qureshi stated that the timeline does not match. Star Xu replied that Bitcoin fell first, and the leverage cycle exacerbated the decline.

The synthetic perpetual contract DEX Papertrade.xyz, built on Hyperliquid HyperEVM, attracted $118 million in deposits and supports up to 1000 times leverage on the platform. As of 0:45 on October 11th (UTC+8), the Papertrade.xyz platform has approximately $11 billion in open positions with 2349 positions, supported by $54 million in funds. This platform does not charge slippage, funding rates, spreads, or traditional nominal trading fees. Transactions are completed through synthetic swaps between users and shared agreement liquidity pools. Loss making traders can receive PAPER tokens, while profit takers may delay receiving profits when funds are insufficient. Papertrade.xyz was founded by Jez and Blurr. The project sold 100 sets of customized paper pants for $2000 each, which sold out in about 40 minutes and generated sales of $200000. (Source: Bitcoin.com News)

Tom Lee predicts that ETH prices are expected to reach $25000 to $50000 in the future.

Multicoin co-founder Kyle Samani announced on X platform that his largest angel investment has been invested in Backpack. On September 2nd, Backpack announced that Kyle Samani would join the Backpack US board of directors.

Binance WLD is currently priced at $0.5600, with a 13.8% increase over 24 hours. 24-hour transaction volume of 700 million US dollars, an increase of 51.03%, for reference only