Aster has taken down the PAPER perpetual contract and switched to a reduced position only mode

Binance ETH/USDT is currently trading at $2400, with a 5-minute increase of 0.28%. Please be aware of market fluctuations.

Bitwise research director Ryan Rasmussen stated that Strategy's net holdings increased by 1666 BTC in the third quarter, down from 83901 BTC in the second quarter; Other listed companies saw a net increase of 5617, lower than the previous quarter's 45725. Jag Kooner, head of derivatives at Bitfinex, believes that if the rise of Bitcoin drives treasury companies to gain valuation premiums, companies can purchase coins by issuing additional stocks. However, investors have higher requirements for financing discipline, and the indiscriminate financing boom is difficult to reproduce. In addition, the net inflow of spot Bitcoin ETFs in the third quarter was $6.4 billion, while the net outflow of spot Bitcoin ETFs in the United States was about $229 million last week.

[A Whale Buys 3 Million OP in Two Weeks, Optimism Halts Buyback Due to Revenue Decline] A whale has accumulated 3 million OP tokens over the past two weeks, with a holding value of approximately $3.855 million and an average purchase price of $1.285. Optimism's revenue stands at $3 million, a year-over-year decrease of about 83.3%. Due to the revenue decline, the previously approved OP buyback plan has been temporarily halted.

Papertrade founder Jez stated that due to the faster than expected progress of the perpetual contract market, PAPER is currently set to a non transferable state to avoid potential attack risks and maintain the long-term healthy development of the agreement. Jez emphasized that PAPER represents users' rights to the benefits of the agreement, and its long-term value depends on whether Papertrade can continue to attract traders. The team made this risk management choice based on the operational data of the agreement's first week online.

The Bank for International Settlements has released Working Paper No. 1385, analyzing the application of stablecoins in cross-border payments. The paper points out that stablecoins can reduce dependence on correspondent banks and SWIFT through networks such as Ethereum, Solana, and Tron, and lower transfer fees. However, the exchange process between fiat and stablecoins still involves transaction, withdrawal, and deposit/withdrawal fees, and the lack of market depth limits the cost advantage of large payments. (Source: Bank for International Settlements)