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Ethereum’s price is fluctuating around $3,700, influenced by US credit and labor data, with traders cautiously avoiding high leverage. Whale activity indicates limited bearish sentiment, but there is insufficient confidence in a rapid rebound. No warning signals have been observed in the derivatives market, and a recovery will require clearer macroeconomic signals. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.
In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.
Bitcoin has closed above the $100K mark for 163 days in a row, showing strong market confidence and price resilience.Bitcoin Holds Strong Above $100KWhat Sustains This Momentum?What Comes Next for Bitcoin?
- 01:31Meteora: Detailed Explanation of the Liquidity Generation Event Before MET Token TGEChainCatcher news, Solana ecosystem liquidity protocol Meteora announced that on October 22 at 23:30 (UTC+8), one day before the TGE, it will collaborate with Jupiter to hold a live Q&A session before the TGE, providing a detailed analysis of the LGE (Liquidity Generation Event) for the MET token.
- 01:02Hyperliquid founder clarifies that the platform prioritizing protocol revenue is FUD; the ADL mechanism has generated hundreds of millions of dollars in net profit for usersChainCatcher news, Hyperliquid founder Jeff stated in a post that the rumors about the platform "prioritizing protocol revenue" are pure FUD. He pointed out that the automatic deleveraging (ADL) events have actually brought users net gains of hundreds of millions of dollars; if a backstop liquidation mechanism were adopted, the platform's HLP could indeed gain more profit, but the risk would be much higher. Jeff emphasized that the ADL mechanism is designed to transfer potential profits to users and reduce system risk, achieving a "win-win" situation. He added that Hyperliquid's ADL queue logic is similar to that of mainstream centralized exchanges, calculated based on leverage multiples and unrealized PnL. Although the team is currently researching more complex algorithms, they believe that "keeping the mechanism simple, robust, and easy to understand" is the better solution.
- 00:49Trader: Investors Should Beware of RVV Project Team’s Suspected Ongoing Sale of Locked TokensAccording to ChainCatcher, trader "Hanbalongwang" posted a reminder that the RVV project team appears to be continuously selling locked tokens. Previously, the top address was a locked multi-signature wallet, but there have now been outgoing transactions. This KOL stated that although some in the market are still betting that a certain exchange may intervene to handle the incident, on-chain data shows that the project team still controls about 80% of the tokens and continues to transfer them out, posing extremely high risk.