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Was the largest liquidation in history a deliberate attack?

In the cryptocurrency sector, holding positions and waiting is a slow form of financial suicide.
Quick Take Summary is AI generated, newsroom reviewed. Bitmine purchased $480.7 million worth of Ethereum during the recent market crash. The Ethereum whale purchase boosted sentiment and triggered renewed optimism in a potential crypto market rebound. Analysts believe Bitmine is betting on Ethereum’s long-term value and blockchain utility. The move may signal stronger institutional involvement and the beginning of a fresh accumulation cycle.References BREAKING 🚨BITMINE BOUGHT $480.7 MILLION WORTH OF $ETH

Perhaps the biggest profit from an attack in recent years?

Led by Sequoia Capital and a16z, Kalshi's valuation has soared to $5 billions.
- 14:24U.S. stocks rebound strongly, S&P 500 rises 1.6% driven by AI capital expenditureAccording to Golden Ten Data, U.S. stocks rebounded strongly on Monday, with the S&P 500 index rising 1.6%, reversing more than a 2% drop last Friday, and the Nasdaq 100 index surging 2.1%. OpenAI and Broadcom announced a partnership to develop custom chips and network devices, injecting new positive sentiment into the market. Tom Essaye from Sevens Report stated that as long as the AI capital expenditure boom continues, the stock market can remain strong. However, if the market begins to doubt the overall economic stimulus effect of AI, the decline will be swift and painful. Gabelli fund manager John Belton pointed out that although there are pockets of overheating, calling the current situation a "bubble" is an oversimplification. .
- 14:14U.S. stocks extend gains, Nasdaq Composite Index rises 2%Jinse Finance reported that U.S. stocks extended their gains, with the Nasdaq Composite Index up 2.01%, the Dow Jones Index up 1.08%, and the S&P 500 Index up 1.50%. Nvidia rose 3.7%, Broadcom surged nearly 10%, TSMC climbed 6.6%, and Oracle increased by 5.5%.
- 13:59Garrett Jin: Trading platforms that take the lead in establishing stable funds will attract capital inflows and drive industry developmentChainCatcher reported that the whale Garrett Jin, who previously made headlines by selling over $4.23 billions worth of BTC and reallocating to ETH, stated that a deeper issue in the crypto industry lies in trading platforms offering high leverage on assets lacking intrinsic value to meet user demand and boost profits. Such high leverage was previously only found in the forex market, where underlying assets have value support, lower volatility, and liquidity provided by banks. If trading platforms continue to offer extremely high leverage, they should at least establish mechanisms similar to stable funds, as seen in the US stock market, to provide liquidity support during crises. Only in this way can trust be rebuilt, capital attracted back, and healthy market development promoted. The sharp drop on October 11 once again proved that under extreme volatility, the market is in urgent need of liquidity support. Trading platforms that take the lead in establishing stable funds will not only attract capital inflows but also drive the entire industry forward.