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During the TOKEN2049 conference in Singapore, the POP Night event was held, focusing on the integration of AI, DeFi, and culture. The event explored the development of DeFi 3.0 and DAT technology, and also launched the Web3 virtual idol NP and an ecosystem fund. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief Trump's tariff threat caused a major sell-off in the crypto market. Unreported data and government shutdown intensified uncertainties among investors. Resilience in the market suggests potential for a strong recovery.
In Brief The crypto market grappled with fear after Trump's tariff announcement on China. Bitcoin prices and the Crypto Fear & Greed Index dropped significantly. Some analysts see the market's fear as a potential buying opportunity.
Ethereum spot ETFs saw $175M in outflows on October 10, while Bitcoin ETFs remained relatively stable.Bitcoin ETFs Remain ResilientWhat This Means for Investors
The crypto market briefly lost $530 billion before bouncing back to a $3.7 trillion valuation.Fast Recovery to $3.7 Trillion Market CapWhat’s Next for Crypto Investors?
- 12:43Analysis: The Impact of the Crypto Market "10.11 Flash Crash" May Take Several Days or Even Weeks to Fully EmergeChainCatcher news, according to Wallstreetcn, after the "10.11 flash crash," the crypto market has begun to recover some of its losses, but the full impact of the event may take days or even weeks to fully manifest. Several industry insiders shared their views: Edward Chin, CEO of crypto hedge fund Parataxis, said he suspects that in the coming days or weeks, there will be news of some funds being liquidated or market makers suffering heavy losses. Caroline Mauron, co-founder of Orbit Markets, pointed out that the next major support level for bitcoin is at $100,000. A drop below this level would mark the end of the bull market cycle of the past three years. Vincent Liu, CIO of Kronos Research, believes that this plunge was triggered by tariff concerns but was exacerbated by excessive institutional leverage, highlighting the close connection between cryptocurrencies and the macroeconomy.
- 11:47Venus: Users affected by the WBETH depegging on October 11 will be compensated through the Protocol Risk FundChainCatcher News, Venus Protocol stated on its social platform that some Venus users were affected by the WBETH price depegging during the market liquidation period. Venus Labs will use the protocol risk fund to compensate verified users who suffered losses due to the WBETH depegging issue that occurred between 5:36 and 6:16 on October 11, 2025 (UTC+8).
- 11:29ZachXBT: Currently, it is only known that Garrett Jin appears to have started collaborating with whales whose assets reach several billions.Jinse Finance reported that on-chain detective ZachXBT posted, "There are still too many unknown factors regarding the high-profile BTC whale who swapped to ETH, and I cannot draw a conclusion that I am willing to publish. All the currently discussed posts are actually exaggerated versions of immature theories. What is known is: Garrett Jin / Exe appears to have started collaborating with a Chinese whale, whose ten-figure funds had remained dormant on-chain until recently."