Odaily Planet Daily reports that Hourglass posted on its X platform: "Since the start of the second phase of the Stable pre-deposit campaign, platform traffic has been exceptionally high, causing Hourglass's front-end RPC capacity to be fully utilized. Due to overwhelming demand, Hourglass's institutional fund pool has suspended new deposit operations. User funds remain safe. Further updates will be announced soon."
According to Odaily Planet Daily, Coinglass data shows that $162 million in positions were liquidated across the network in the past hour, including $157 million in long positions and $4.865 million in short positions.
According to Lookonchain monitoring, USDX has de-pegged to $0.3887. A whale (0xe454) noticed this de-pegging and spent 800,000 USDT to buy 933,241 USDX at an average price of $0.8572. This is his second purchase of USDX a week ago, after buying 1.4 million USDX. He has submitted redemption requests for all tokens, and if the redemption is successful, he expects to make a profit of approximately $135,000. However, as of now, three hours have passed, and he has not yet successfully completed the redemption.
Odaily Planet Daily reports that Liquid Capital founder Yi Lihua posted on the X platform, stating: "We remain optimistic about the market outlook and buying strategy. We believe there is a 20% probability of another deep correction, a 50% probability of wide-range fluctuations with BTC returning to $116,000 and ETH to $4,000, and a 30% probability of a short squeeze breaking through to a new high of $5,000 by the end of the year. This is due to two factors: firstly, expectations of interest rate cuts and favorable government policies; secondly, the current structural correction in US stocks, with a very low probability of a sharp drop in the short term. The core reason is that the AI bubble is in its early to mid-stages, driven by US national policy, coupled with strong earnings reports from large companies. Cryptocurrencies are undervalued relative to the Nasdaq, so there's no need to panic; buy with confidence. Everyone is their own investment and trading guru; no one is 100% correct."
According to Onchain Lens monitoring, Circle has minted 750 million USDC on the Solana network. Since October 11, Circle has minted a total of 5.25 billion USDC on the Solana network.
According to Onchain Lens monitoring, Huang Licheng, known as "Brother Machi," has partially liquidated his 25x leveraged Ethereum long position. His position has now dropped to 2,300 ETH, with a holding value of approximately $7.614 million. He is currently at a loss, with a liquidation price of $3,267.14.
According to Odaily Planet Daily, Hourglass posted on the X platform that the minimum deposit window of $100,000 for Stable Pre-Deposit Phase 2 will be extended by another hour.
Hourglass previously stated that the platform was experiencing unusually high traffic, causing temporary website inaccessibility. Direct or programmatic deposits through Etherscan will not qualify for Stable pre-deposit activities. These deposits can be withdrawn through Etherscan using the redeemNonKYC function, and the original $100,000 minimum deposit window will be extended by at least one hour.
According to Lookonchian's monitoring, a whale withdrew 114.9 million USDT from Aave, pushing the utilization rate of Aave's core market USDT vault to 92.83%, exceeding the protocol's optimal utilization rate threshold of 92%.
According to Lookonchain monitoring, the Lista DAO vault, managed by MEV Capital and Re7 Labs, has reached a utilization rate of 99%, triggering forced liquidation. If you have deposited funds in DeFi protocols, please be aware of security risks, as the vault utilization rate of multiple platforms has now exceeded 90%.
According to market sources, Robinhood is considering adding Bitcoin to its corporate treasury holdings. (Odaily Planet Daily)
According to on-chain data monitoring, James Wynn has been continuously adding to his position after opening a 40x leveraged long position in Bitcoin. Currently, his position has increased to 33.83854 BTC, with a holding value of approximately $3.46 million and a liquidation price of $92,317.8.
Odaily Planet Daily reports that Circle has announced it has submitted a comment letter to the U.S. Treasury Department regarding the implementation of the GENIUS Act, emphasizing its recommendations for a comprehensive regulatory framework for stablecoins to ensure consumer protection, fair market competition, and global interoperability. Circle proposes a series of policy principles, including protecting customer funds, achieving interoperability through mutual recognition, ensuring the same rules apply to the same activities, maintaining a balance of competition domestically and internationally, setting clear consequences and contingency plans, and also noting that rulemaking should reinforce Congressional intent, providing clear and robust rules for all issuers accessing the U.S. market, while offering transparent and easily understandable financial products and services to the American people.
According to data from Coinglass, as reported by Odaily Planet Daily, a total of $97.8883 million in positions were liquidated across the network in the past 4 hours, including $71.0038 million in long positions and $26.8846 million in short positions.
According to an official announcement, Bitget has launched USD-margined STABLE pre-market contracts with a maximum leverage of 25x. Users can trade through the official website or the Bitget app.
