Odaily Planet Daily reports that Binance Futures will delist the USDⓈ-M PORT3 USDT perpetual contract.
1. Michael Saylor: Volatility is a gift from Satoshi Nakamoto to believers;
2. Cardano suffered a temporary chain break due to a code vulnerability, and the FBI has launched an investigation;
3. Tether CEO: Rumble wallet will soon support the USAT stablecoin and Bitcoin's Lightning Network;
4. Bitwise CEO buys more Bitcoin at the $85,000 price level;
5. An address that held ETH for two years deposited 8,920 ETH into Binance; if sold, it would incur a loss of $2.12 million.
6. The 1inch team's investment fund address withdrew 6.01 million 1INCH from Binance, worth $1.072 million;
7. Banmu Xia: Bitcoin at $80,500 can basically be confirmed as a significant low point in this bear market, and may even be the lowest point;
8. BTC broke through 86,000 USDT, with a 24-hour increase of 1.09%.
According to Odaily Planet Daily, Tom Lee stated that the crypto market has a large number of automated processes, such as ADL (Automatic Deleveraging). This system triggers forced liquidation when the price of a user's account assets or collateral falls.
He pointed out that while USDE maintained its price at $1 on other trading platforms, its internal price on one particular platform plummeted to $0.65. Due to insufficient liquidity on that platform, the Automatic Debt Liability (ADL) mechanism was triggered, leading to the automatic liquidation of a large number of accounts. This chain reaction eventually spread throughout the market, resulting in the liquidation of tens of thousands of crypto accounts within minutes.
Tom Lee believes that this is essentially a systemic risk caused by a code vulnerability: the trading platform mistakenly relied on its internal pricing system to set stablecoin valuations instead of collecting cross-platform price data.
He further stated that the incident resulted in a significant reduction in the capital of market makers and trading institutions. When shrinking trading volume triggered a drop in cryptocurrency prices, these institutions needed more capital to maintain operations, thus being forced to further shrink their balance sheets and erode the market's foundation. He concluded that code inevitably contains vulnerabilities, and leverage is the real source of risk in the crypto market.
According to Bitget data, PIPPIN has broken through 0.054 USDT and is currently trading at 0.05283 USDT, representing a 24-hour increase of 139.38%.
According to Odaily Planet Daily, Michael Saylor stated that volatility is a gift from Satoshi Nakamoto to his followers. If Bitcoin were to rise by only 2% per month with no volatility, Warren Buffett would own all of Bitcoin.
According to Odaily Planet Daily, citing the New York Times, companies such as JPMorgan Chase, Citigroup, and Morgan Stanley have received notifications from SitusaMC that their customer data may have been stolen.
According to Cointelegraph, the Cardano network experienced a temporary chain split last Friday due to a malformed delegation transaction that triggered a vulnerability in old code. The transaction, which delegated ADA to a staking pool, was valid at the protocol level but could lead to a code malfunction.
According to an incident report released by Intersect, an organization within the Cardano ecosystem, this "malformed" transaction exploited an old code vulnerability in Cardano's underlying software library, causing nodes to disagree when processing the transaction and ultimately resulting in a network partition.
ADA staking pool operator Homer J has claimed responsibility for the network partitioning incident, admitting he used AI-generated code to push the transaction. Cardano ecosystem organization Intersect has confirmed that no user funds were lost in the incident, and most retail wallets were unaffected.
The incident sparked debate within the Cardano community, with some arguing that Homer J's actions helped expose critical vulnerabilities, while Cardano founder Charles Hoskinson called it an attack on the Cardano network.
Charles Hoskinson stated that the FBI has launched an investigation into the matter. He described such actions as impacting the lives, finances, and businesses of millions, comparing it to "attempting to shut down an economy and launching a cyberattack against a nation-state."
Despite the chain split and network outage, ADA's price volatility was relatively mild, falling from $0.44 on Friday to around $0.40 at the time of the report. This modest decline occurred during a broad market downturn that began in October, accompanied by a $20 billion crypto liquidation.
Odaily Planet Daily reports that Coinbase announced on its X platform that the migration of BTC and ETH wallets is now complete.
Previous reports indicated that Coinbase would begin wallet migrations, and large on-chain transfers are normal practice.
According to Odaily Planet Daily, Tether CEO Paolo Ardoino stated in an article on the X platform that Rumble Wallet currently only supports Bitcoin, USDT, and XAUT, but will later support the stablecoin USAT launched for the US market, and will soon support the Lightning Network. The wallet will utilize account abstraction and payment functions to reduce the friction of needing encrypted gas tokens when sending stablecoins.
According to Odaily Planet Daily, Bitwise CEO Hunter Horsley posted on the X platform that he "couldn't resist" buying more Bitcoin at the $85,000 price point and felt great about it. He had previously disclosed on Monday that he had purchased Bitcoin at the $89,000 price point.
According to Odaily Planet Daily, on-chain analyst Ai Yi reported that an address (0x29F...335EF) deposited 8,920 ETH, worth approximately $24.85 million, into Binance in the past hour. This ETH was withdrawn from the exchange at an average price of $3,024 between March 2024 and February 2025; selling it now would result in a loss of $2.12 million. After the deposit, the address has only 0.04238 ETH remaining.
According to Lookonchain's monitoring, a new wallet (0x5664...6150) suspected to be related to Tom Lee's Bitmine received 21,537 ETH from FalconX 8 hours ago, worth $59.17 million.
According to Odaily Planet Daily, on-chain analyst Ai Yi reported that the 1inch team's investment fund address (0x225...086e) withdrew 6.01 million 1INCH from Binance in the past 13 hours, worth $1.072 million, at an average price of $0.1785.
The address currently holds $16.97 million worth of 1INCH, and its largest holding is ETH, worth $26.6 million.
Odaily Planet Daily reports that Banmu Xia posted on social media: "The time for Bitcoin to be loaded has arrived! 8.05 can basically be confirmed as a significant low point in this bear market, perhaps even the absolute bottom. However, this does not mean the bear market is over. This bear market has been running for over three months and may continue for another three to four months, but it is a sideways bear market! (ps: This is just an analysis; specific trading requires a well-thought-out entry and exit plan. However, spot trading is a safe bet to buy and hold until the next bull market ends.)"
