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- Huajian Medical suspends $410M Ethereum purchase plan due to shareholder approval delays and Hong Kong's crypto regulatory caution. - SFC warns of DAT structure risks, citing volatility and lack of legal framework for listed companies' crypto holdings. - Company shifts to blockchain/AI integration for asset valuation, reflecting broader corporate crypto exploration amid regulatory hurdles. - Ethereum's 12.84% 30-day price drop highlights risks of blockchain securitization under evolving Hong Kong oversig
Quick Take This hiring roundup was written in conjunction with crypto-native executive search firm Intersection Growth Partners. It combines Intersection’s monthly newsletter, which includes unreported executive hires, and The Block’s monthly hiring update.
Retail Bitcoin inflows dropped over fivefold as ETFs shifted investor activity in 2024. Small holders reduced exchange deposits, favoring ETFs and long-term self-custody. Institutional and corporate accumulation now drive Bitcoin’s price growth beyond $100K.
- 16:23Data: A whale withdrew 115 millions USDT from Aave, causing the USDT utilization rate in Aave's main market to surpass the optimal threshold of 92%.According to ChainCatcher, monitored by Lookonchain, a whale with address 0x540C has just withdrawn 114.9 million USDT from Aave, pushing the USDT utilization rate on Aave's main market up to 92.83%, which exceeds the protocol's optimal utilization threshold of 92%.
- 16:22"Maji Big Brother" partially liquidated on Ethereum long positions, current holdings reduced to 2,300 ETHAccording to ChainCatcher, monitored by Onchain Lens, "Machi Big Brother" Huang Licheng's 25x leveraged Ethereum long position has been partially liquidated. His position has now dropped to 2,300 ETH, with a holding value of approximately $7.614 million. The position is currently at an unrealized loss, with a liquidation price of $3,267.14.
- 16:22Circle issues 750 million USDC on the Solana networkChainCatcher News, according to monitoring by Onchain Lens, Circle has issued an additional 750 million USDC on the Solana network. Since October 11, Circle has minted a total of 5.25 billion USDC on the Solana network.