Around $100 million in assets have been bridged from Solana to BSC via Debridge in the past month

On October 11th, Li Hua, the founder of Liquid Capital (formerly LD Capital), released a statement stating that the overall market witnessed billions of dollars in liquidation. The main affected groups were liquidity providers and active traders. This has caused much more damage to the market than imagined. Especially for meme coins that were liquidated in a single transaction, it will take a long time to restore investment confidence and liquidity. It is strongly recommended that trading platforms allocate a portion of their profits to establish a liquidity protection fund to prevent extreme situations where liquidity dries up and assets go to zero. Just as the Federal Reserve has a market stabilization function, we believe that platforms making tens of billions of dollars in annual profits have the ability and responsibility to establish such a mechanism. Otherwise, the market will suffer catastrophic damage, affecting not only platform users but also the market and the platforms the

On October 12th, as monitored by OnchainLens, a new wallet has once again withdrawn 27,159 Ethereum from Kraken, with a value of $104.19 million.
Today, a total of 3 wallet addresses have withdrawn a combined 78,824 Ethereum from Kraken, amounting to $302.12 million. These funds may potentially belong to Ethereum's largest holding institution, Bitmine.

October 11th. Forgiven, a co-founder of Conflux, expressed his viewpoints on USDe, a project under Ethena Labs. He stated that USDe is essentially a financial certificate rather than a stablecoin. Some users also pointed out that USDe is a Hedge Fund Product with a built-in rebase mechanism, where the Net Asset Value (NAV) can always be pegged to 1 US dollar. The claim that "USDe is a stablecoin" is the greatest misalignment in its marketing narrative. This is done deliberately to attract more use cases, such as payments, USD trading pairs, and margin trading. However, the reality is that USDe is a form of aggressive financial product innovation. Founder of Today's Formula News, Vida, stated that the root cause of today's large-scale liquidation may be the "forced liquidation of USDe arbitrageurs' loop positions." This led to a decrease in the collateral capacity of USDe as a unified account collateral, causing more liquidation of positions of market makers who were using USDe as coll

On October 11th, Anita Soni, an analyst from the Capital Markets division of the Canadian Imperial Bank of Commerce, predicted in her latest forecast that the price of gold will reach $4500 per ounce in 2026 and 2027. Then, it will decline to $4250 in 2028 and further drop to $4000 in 2029. The analyst indicated that she still anticipates a favorable macroeconomic environment for gold. Uncertainty in tariff policies will continue, and the negative impact of tariffs that have been implemented and those that are about to be implemented on consumer purchasing power has not yet fully manifested in the U.S. economy. Meanwhile, the Federal Reserve yielded to Trump's call for rate cuts earlier than Soni had expected. Soni believes that the earlier increase in gold prices this year was related to rate cuts, but the recent parabolic surge is driven by concerns about long-term inflation and wealth preservation because the Fed's monetary policy has not specifically focused on long-term inflation.

On October 11th, according to strategicethreserve data, Ethereum's leading institution Bitmine increased its holdings by 27,256 ETH today. It currently holds 2,857,407 ETH, with a total acquisition cost of 12.934 billion US dollars and an average price of approximately 4526 US dollars. Based on the current ETH price of 3,800 US dollars, its portfolio is currently valued at around 10.858 billion US dollars, facing an unrealized loss of approximately 2.076 billion US dollars.

On October 11th, a co-founder of Binance, He Yi, stated, "Thank you very much for your support. I would like to reiterate our principle: Binance will handle issues related to the platform appropriately. Those users who bought decoupled assets at a low price yesterday did so through staying up late and earned it. We will not take back these assets. For financial management users involving these three types of decoupled packaged assets, we are handling them gradually. For trading users who suffered losses or liquidation due to platform delays, we will handle each case individually." Some friends have been actively spreading information about Binance's loss compensation, resulting in a surge in inquiries. We have activated a customer service team that is still in training and arranged for cross-language translation. This has easily led to more backlog and issues. Once again, I would like to emphasize that we do not compensate for individual transaction losses caused by price fluctuations