News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Showcase the achievements of zero-knowledge technology in real-world applications and reward participants through the Brevis Sparks incentive campaign.
Was the largest liquidation in history a deliberate attack?
In the cryptocurrency sector, holding positions and waiting is a slow form of financial suicide.
Quick Take Summary is AI generated, newsroom reviewed. Bitmine purchased $480.7 million worth of Ethereum during the recent market crash. The Ethereum whale purchase boosted sentiment and triggered renewed optimism in a potential crypto market rebound. Analysts believe Bitmine is betting on Ethereum’s long-term value and blockchain utility. The move may signal stronger institutional involvement and the beginning of a fresh accumulation cycle.References BREAKING 🚨BITMINE BOUGHT $480.7 MILLION WORTH OF $ETH
Perhaps the biggest profit from an attack in recent years?
- 14:51Pyth Network partners with Kalshi to provide real-time prediction market dataJinse Finance reported, according to an official announcement, that Pyth Network has established a partnership with the US-regulated event trading platform Kalshi to introduce prediction market data to more than 100 blockchain networks. This collaboration enables regulated event data to circulate on-chain at scale for the first time, providing developers and institutions with real-time event probability data services in fields such as politics, economics, and sports.
- 14:38The US Dollar Index (DXY) has risen over 0.5% intraday and is now at 99.33.According to ChainCatcher, citing Golden Ten Data, the US Dollar Index (DXY) has risen more than 0.5% intraday and is now quoted at 99.33.
- 14:32Cryptocurrency weekly fundraising hits a new record of $3.5 billionJinse Finance reported that last week, cryptocurrency financing reached a historic high, with 28 rounds of fundraising raising a record $3.5 billion. Data released by Cryptorank on Monday showed that from October 6 to 12, weekly financing reached its highest point ever, surpassing all previous peaks, including nearly $3 billion raised from July 28 to August 3. Previously, financing had remained below $1 billion for seven consecutive weeks, marking a significant recovery in investor confidence. According to Cryptorank data, blockchain services dominated last week's fundraising activities. Of the 28 rounds recorded from October 6 to 12, 12 were for blockchain service providers, making it the most active sector. Pantera Capital was the most active investor last week, participating in four deals: two involving blockchain services, and the others involving CeFi and social enterprises.