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Multichain staking platform Cryptomesh completes $2.5 million Series A financing
Jinse Finance reported that the multi-chain staking platform Cryptomesh has announced the completion of a $2.5 million Series A funding round, with investor information yet to be disclosed. The platform currently supports 10 major blockchain networks, including Ethereum (ETH), Optimism (OP), and others. The new funds are intended to upgrade infrastructure and expand DeFi staking scale.
Jinse Finance reported that the multi-chain staking platform Cryptomesh has announced the completion of a $2.5 million Series A funding round, with investor information yet to be disclosed. The platform currently supports 10 major blockchain networks, including Ethereum (ETH), Optimism (OP), and others. The new funds are intended to upgrade infrastructure and expand DeFi staking scale.
Ethena Labs founder: Still believes USDe pegging to USDT is reasonable; minting and redemption did not go down during market turbulence
Jinse Finance reported that the founder of Ethena Labs posted on X, stating: The oracle attempts to identify two different scenarios: one is a temporary mispricing in the secondary market, and the other is a permanent devaluation of collateral. The latter has never occurred with USDe, and for most assets including USDe, the likelihood of such an event is much lower. Although DeFi money markets have been heavily criticized for anchoring USDe to USDT, we do believe this approach is reasonable, as it can prevent liquidations caused by temporary price imbalances. Ethena provides on-demand proof of reserves to a select few entities, some of which are also oracle providers, including Chaos Labs and Chainlink. During this week’s market volatility, Ethena’s minting and redemption functions did not experience downtime. Major liquidity venues on-chain, such as Curve, Uniswap, and Fluid, experienced price misalignments, but over $9 billions in on-demand stablecoin collateral was available for immediate redemption, with only a small portion actually utilized.
Jinse Finance reported that the founder of Ethena Labs posted on X, stating: The oracle attempts to identify two different scenarios: one is a temporary mispricing in the secondary market, and the other is a permanent devaluation of collateral. The latter has never occurred with USDe, and for most assets including USDe, the likelihood of such an event is much lower. Although DeFi money markets have been heavily criticized for anchoring USDe to USDT, we do believe this approach is reasonable, as it can prevent liquidations caused by temporary price imbalances. Ethena provides on-demand proof of reserves to a select few entities, some of which are also oracle providers, including Chaos Labs and Chainlink. During this week’s market volatility, Ethena’s minting and redemption functions did not experience downtime. Major liquidity venues on-chain, such as Curve, Uniswap, and Fluid, experienced price misalignments, but over $9 billions in on-demand stablecoin collateral was available for immediate redemption, with only a small portion actually utilized.
Bitcoin Core releases version v30.0
ChainCatcher news, Bitcoin Core has released version v30.0. This update brings several new features, performance improvements, bug fixes, and updated multilingual translations. With the release of this version, 27.x and earlier versions have entered the "end of maintenance" phase and will no longer receive updates.
Important changes include P2P and network updates, new Bitcoin commands, external signing, IPC mining interface, and more.
ChainCatcher news, Bitcoin Core has released version v30.0. This update brings several new features, performance improvements, bug fixes, and updated multilingual translations. With the release of this version, 27.x and earlier versions have entered the "end of maintenance" phase and will no longer receive updates.
Important changes include P2P and network updates, new Bitcoin commands, external signing, IPC mining interface, and more.
Data: A new address purchased approximately $520,000 worth of "4" in the past hour
According to ChainCatcher, on-chain analyst Ai Yi has monitored that as the market cap of the BSC ecosystem Meme coin "4" rebounded to 120 millions USD, a new address purchased approximately 520,000 USD worth of "4" in the past hour, with an average cost of 0.1154 USD.
According to ChainCatcher, on-chain analyst Ai Yi has monitored that as the market cap of the BSC ecosystem Meme coin "4" rebounded to 120 millions USD, a new address purchased approximately 520,000 USD worth of "4" in the past hour, with an average cost of 0.1154 USD.
Economist Peter Schiff: The crypto market has not escaped the downtrend, and Strategy's bitcoin paper gains could "evaporate"
ChainCatcher reported that economist and cryptocurrency critic Peter Schiff posted on X, stating: "The cryptocurrency market massacre continues, with bitcoin price falling below 110,000 US dollars and ethereum price dropping below 3,700 US dollars. If ethereum further breaks the key support level of 3,350 US dollars, its price is likely to plunge to 1,500 US dollars, representing a nearly 70% drop from its all-time high. If this happens, bitcoin price could fall to around 75,000 US dollars, a 40% decline from its peak, wiping out all paper gains of Strategy."
ChainCatcher reported that economist and cryptocurrency critic Peter Schiff posted on X, stating: "The cryptocurrency market massacre continues, with bitcoin price falling below 110,000 US dollars and ethereum price dropping below 3,700 US dollars. If ethereum further breaks the key support level of 3,350 US dollars, its price is likely to plunge to 1,500 US dollars, representing a nearly 70% drop from its all-time high. If this happens, bitcoin price could fall to around 75,000 US dollars, a 40% decline from its peak, wiping out all paper gains of Strategy."
Hong Kong Financial Secretary: Some digital asset prices fluctuate significantly, and Greater Bay Area residents show strong interest in diversified asset allocation
ChainCatcher news, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "Consolidating Ties with Traditional Markets," in which he pointed out that every year, there are uncertainties in the global economic and market outlook, causing increased concerns about the risks facing international markets in the coming year. Although the global financial markets have generally performed well this year, the international gold price has reached a record high and some digital asset prices have experienced significant volatility, reflecting that global markets are accelerating the allocation of assets other than the US dollar to reduce risk. The rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area is an opportunity that global investors cannot afford to miss. The strong interest in diversified asset allocation among people in the region is one of the main driving forces for Hong Kong to become the world's largest cross-border asset management center.
ChainCatcher news, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "Consolidating Ties with Traditional Markets," in which he pointed out that every year, there are uncertainties in the global economic and market outlook, causing increased concerns about the risks facing international markets in the coming year. Although the global financial markets have generally performed well this year, the international gold price has reached a record high and some digital asset prices have experienced significant volatility, reflecting that global markets are accelerating the allocation of assets other than the US dollar to reduce risk. The rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area is an opportunity that global investors cannot afford to miss. The strong interest in diversified asset allocation among people in the region is one of the main driving forces for Hong Kong to become the world's largest cross-border asset management center.
Equation founder bets on U.S. stock market recovery on Monday, goes long on SOL and XPL
BlockBeats news, on October 12, Formula News founder Vida posted on his personal channel this morning, saying, "Once again, I went long on $4 million worth of SOL at an average price of $175.8, and $500,000 worth of XPL at an average price of $0.395. This is equivalent to 1/10 of my ammunition. There is no certainty in this position at all, I just want to gamble a bit. My bet is: the market will quickly recover after the US stock market opens on Monday, just like every time there has been negative news over the weekend before.
The crypto market has now dropped by an average of 30%, pricing in an abnormal drop of 5% in the S&P 500 at Monday's open. But if the S&P 500 doesn't fall as much as expected on Monday, then sentiment will quickly recover."
BlockBeats news, on October 12, Formula News founder Vida posted on his personal channel this morning, saying, "Once again, I went long on $4 million worth of SOL at an average price of $175.8, and $500,000 worth of XPL at an average price of $0.395. This is equivalent to 1/10 of my ammunition. There is no certainty in this position at all, I just want to gamble a bit. My bet is: the market will quickly recover after the US stock market opens on Monday, just like every time there has been negative news over the weekend before.
The crypto market has now dropped by an average of 30%, pricing in an abnormal drop of 5% in the S&P 500 at Monday's open. But if the S&P 500 doesn't fall as much as expected on Monday, then sentiment will quickly recover."
Eugene: The altcoin market is over, say goodbye to crypto treasury companies
BlockBeats News, October 12, trader Eugene Ng Ah Sio posted on his personal channel, stating, "There have already been many in-depth analyses regarding Friday's incident. I'll just briefly mention a few points:
· The altcoin market has ended for the foreseeable future. The scale of wealth destruction this time, as well as the way it was executed, will leave a long-lasting mark in the minds of participants.
· Long-short strategies are not feasible in the crypto market. These strategies may work in normal market environments, but they often fail at the most critical moments.
· Chain reactions (contagion) will occur, but the extent is still uncertain. I hope there are no systemic major issues.
· Farewell, crypto treasury companies."
BlockBeats News, October 12, trader Eugene Ng Ah Sio posted on his personal channel, stating, "There have already been many in-depth analyses regarding Friday's incident. I'll just briefly mention a few points:
· The altcoin market has ended for the foreseeable future. The scale of wealth destruction this time, as well as the way it was executed, will leave a long-lasting mark in the minds of participants.
· Long-short strategies are not feasible in the crypto market. These strategies may work in normal market environments, but they often fail at the most critical moments.
· Chain reactions (contagion) will occur, but the extent is still uncertain. I hope there are no systemic major issues.
· Farewell, crypto treasury companies."
After losing $2 million in the market crash, a certain whale has reopened ETH long positions and has now recovered the losses.
According to Jinse Finance, monitored by Lookonchain, a certain whale was fully liquidated during the market crash, losing $2 million. About 5 hours ago, this whale reopened a 25x long position with $9.5 million USDC, holding 18,960 ETH (worth $72.7 million). Now, the whale has made a profit of $2.24 million, recovering the previous loss.
According to Jinse Finance, monitored by Lookonchain, a certain whale was fully liquidated during the market crash, losing $2 million. About 5 hours ago, this whale reopened a 25x long position with $9.5 million USDC, holding 18,960 ETH (worth $72.7 million). Now, the whale has made a profit of $2.24 million, recovering the previous loss.
Aster: The new Aster Phase 2 airdrop claim is now live and will open at 20:00 on October 14.
ChainCatcher news, Aster has announced that the new Aster Phase 2 airdrop eligibility check is now live. Users can still choose to claim the airdrop or receive a full refund of S2 transaction fees. The deadline for selecting the claim option is October 13 at 20:00, the ASTER airdrop will be open on October 14 at 20:00, and transaction fee refund applications must be completed before 7:59 on October 16 after the refund application opens.
ChainCatcher news, Aster has announced that the new Aster Phase 2 airdrop eligibility check is now live. Users can still choose to claim the airdrop or receive a full refund of S2 transaction fees. The deadline for selecting the claim option is October 13 at 20:00, the ASTER airdrop will be open on October 14 at 20:00, and transaction fee refund applications must be completed before 7:59 on October 16 after the refund application opens.