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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?
- 14:38The US Dollar Index (DXY) has risen over 0.5% intraday and is now at 99.33.According to ChainCatcher, citing Golden Ten Data, the US Dollar Index (DXY) has risen more than 0.5% intraday and is now quoted at 99.33.
- 14:32Cryptocurrency weekly fundraising hits a new record of $3.5 billionJinse Finance reported that last week, cryptocurrency financing reached a historic high, with 28 rounds of fundraising raising a record $3.5 billion. Data released by Cryptorank on Monday showed that from October 6 to 12, weekly financing reached its highest point ever, surpassing all previous peaks, including nearly $3 billion raised from July 28 to August 3. Previously, financing had remained below $1 billion for seven consecutive weeks, marking a significant recovery in investor confidence. According to Cryptorank data, blockchain services dominated last week's fundraising activities. Of the 28 rounds recorded from October 6 to 12, 12 were for blockchain service providers, making it the most active sector. Pantera Capital was the most active investor last week, participating in four deals: two involving blockchain services, and the others involving CeFi and social enterprises.
- 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. .