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Quick Take Summary is AI generated, newsroom reviewed. Solana achieved 100,000 TPS during a major liquidation event. Agave client handled 6x peak traffic and 60 million compute units per block. Event coincided with $597M crypto liquidations and Bitcoin volatility. Highlights Solana’s scalability and DeFi resilience compared to Ethereum and other blockchains.References X post reference
Bitcoin plummeted from over $120,000 to $111,000 after Trump announced a 100% tariff on China. The cryptocurrency market dropped by more than 10% within a few hours.
Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients sold $80.2 million worth of Ethereum, sparking debate over institutional sentiment. The Ethereum sell-off signals growing caution amid volatile market and liquidity tightening. Analysts see the move as either strategic rebalancing or a short-term bearish signal. Ethereum’s long-term outlook depends on network upgrades and renewed investor confidence.References JUST IN: BlackRock clients sell $80.2 million worth of $ETH.
- 05:58The Central Bank of Russia hopes to use tokenization solutions to allow foreign buyers to purchase shares of domestic companies.ChainCatcher news, according to Cryptonews, the Central Bank of Russia hopes to use tokenization solutions to allow foreign buyers to purchase shares of domestic companies. Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, discussed this matter during a side event at a recent financial forum. When asked about the tokenization of Russian stocks, the central bank executive gave a positive response, calling it a "feasible option." However, Chistyukhin pointed out that overseas participants need to provide solutions at both the technical and platform levels. He stated: "In this area, foreign partners will play an important role. I am referring to those foreign entities interested in tokenizing Russian assets for trading overseas."
- 05:54Overview of Major Overnight Developments on October 1221:00 (UTC+8) - 7:00 Keywords: rate cut, India, Trump 1. Musk: OpenAI is built on lies; 2. The probability of the Federal Reserve cutting rates by 25 basis points in October is 98.3%; 3. Goldman Sachs: Dollar volatility exceeds S&P 500, losing its safe-haven attribute; 4. He Yi: Will not recover funds from users who picked up low-priced depegged assets yesterday; 5. India is investigating over 400 users suspected of tax evasion on a certain exchange; 6. The US government "shutdown" enters its 11th day, Trump demands to ensure payment of military salaries; 7. Tether and Circle collectively issued $1.75 billion in stablecoins after the market downturn.
- 05:53After Garrett Jin's identity was exposed, he changed his social media privacy settings and deleted some information.ChainCatcher news, on-chain detective Eye posted an update stating: "Hyperliquid whale Garrett Jin immediately changed his Telegram privacy settings after I posted, hiding previously public photos and phone numbers. He also deleted @XHash_com from his personal bio, just as he removed this information from his X profile after @emmettgallic exposed it. It seems he does have something to hide." Previous reports indicated that the community suspects the whale who opened a massive short position on Hyperliquid three days in advance and profited $200 million is likely Bitforex co-founder Garrett Jin.