Sky Mavis: to Provide USDH with Cryptocurrency Derivatives Expansion Opportunity, Offering Holders Higher Returns
On September 9th, Rune, a co-founder of Sky, stated at the "USDH Stablecoin Roundtable Conference" held by Hyperliquid that Sky has gone through multiple development phases and achieved decentralization. Projects built on Sky compete and cooperate with each other to deploy collateral assets in the most optimal way, providing better yields for stablecoin holders and also bringing higher profits to the Hyperliquid ecosystem. The original dream and vision of Web3 was to break away from centralized exchanges and truly achieve decentralization, and that moment is about to arrive. As Hyperliquid drives the force of decentralized stablecoins, we hope to participate in it. Sky will provide network effects on a large scale and technical support, bringing exponential growth in returns. Sky and Hyperliquid are among the few truly successful decentralized projects, and achieving cooperation through USDH would be exciting. Sky's core business is credit-enhanced lending. Sky has the opportunity to d
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Paxos Co-Founder: USDH to Become a Top 10 Asset with a Market Cap Above $10 Billion, Paxos to Provide Global Regulatory Coverage
On September 9th, at the "USDH Stablecoin Roundtable" organized by Hyperliquid, bhau, the co-founder of Paxos Labs, stated that Paxos Labs is highly suitable for collaborating with the Hyperliquid ecosystem. Paxos Labs has a team dedicated to Hyperliquid and has been conducting development on Hyperliquid since the very beginning. Meanwhile, Paxos is one of the most long-standing compliant stablecoin issuers in the industry. It holds the unique distinction of being the only entity to be issued a state trust charter by the New York Department of Financial Services and also a federal charter from the OCC (Office of the Comptroller of the Currency). We believe that USDH will become an asset with a market capitalization exceeding $10 billion or even larger. Only federally regulated entities have the qualification to issue assets with a market capitalization exceeding $10 billion, and this is not an easy qualification to obtain. This is also a key highlight of Paxos Labs. If a compliant glob
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If Bitcoin falls below $110,000, the mainstream CEX long liquidation volume will reach $1.33 billion.
On September 9th, according to Coinglass data, if Bitcoin drops below $110,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $1.33 billion.
Conversely, if Bitcoin goes above $114,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.192 billion.
**BlockBeats Note**: The liquidation chart does not accurately depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, which is referred to as intensity.
Therefore, the liquidation chart shows the extent to which the asset price reaching a certain level will be impacted. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to a liquidity avalanche.
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Bitcoin Drops Below $112,000
On September 9th, according to HTX market data, Bitcoin dropped below $112,000 and is currently priced at $111,862, with a 24-hour decline of 0.17%.
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Arizona Retirement Fund Increases Position in MSTR Stock by $2M
On September 9th, according to BitcoinTreasuries, the Arizona State Retirement System (ASRS), which manages assets worth $17.3 billion, has augmented its holdings in MicroStrategy (MSTR) by $2 million. Currently, it holds 72,315 shares, with a total value exceeding $24 million.
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