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USD.AI has announced that it will increase the autoUSDai cap by $100 million.

2025.10.07 10:32:21

On October 7th, it was announced that USD.AI, a stablecoin protocol providing credit for AI, will increase the autoUSDai cap by $100 million starting from 0:00 on October 9th (Beijing time) to support the orderly unwinding of USDT0 positions in the Euler Frontier USDai market. USD.AI stated that this cap increase is a targeted stability measure rather than a routine cap raise. Due to the demand for USDai, the exchange rate has been pushed up to $1.06. Yesterday, Euler Finance suspended USDai borrowing on Plasma. USDai markets will start partial repayment tomorrow, and LTV reductions will begin on Wednesday. All unclosed USDai borrowing positions must be repaid and closed in a timely manner. All new USDC deposits will be directly transferred to autoUSDai on Arbitrum. During this period, autoUSDai will receive a 25x points multiplier within 30 days. Additionally, starting today, USD.AI will reduce the Allo Gam multiplier for all non-consortium pools from 10x to 3x to protect the USDai peg and reward those helping stabilize the system.
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KAT Surges Over 70% in 24 Hours, Briefly Crossing $0.019

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If Bitcoin surpasses $79,000, the mainstream CEXs' total short liquidation volume will reach $647 million.

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HYPE Finance Company HypeStrat Increases HYPE Holdings by 186,877 Coins Over 4 Days, Worth $7.6 million

April 24 — According to Hypurrintel data, HypeStrat, the treasury arm of HYPE Treasury Company, has added 186,877 HYPE tokens to its holdings over the past four days, with the purchase valued at $7.6 million. As of now, HypeStrat holds 19.15 million HYPE tokens (worth approximately $7.8 billion) alongside $1.12 billion in cash.

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US Semiconductor Stocks Continue to Rise in Pre-market Trading, Intel's Gain Widens to 30%

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Michael Saylor has stated that the "Bitcoin winter is over," with analysts having mixed opinions. Institutional and sovereign adoption are seen as the drivers of the new phase.

On Thursday, April 24, Strategy founder Michael Saylor declared “Winter’s over” on X. His firm has since picked up an extra 13,927 bitcoins, pushing its total holdings to 780,897 BTC. But market analysts aren’t all on board with that take. AdLunam co-founder and market analyst Jason Fernandes noted: “Even if the Bitcoin winter is over — and I don’t buy that view — altcoins are still in a deep chill.” Quantum Economics founder and ex-eToro senior market analyst Mati Greenspan argues that since the October 10 flash crash (which wiped out roughly $19 billion in liquidations in 24 hours), Bitcoin’s price moves and the broader crypto market’s haven’t even qualified as a crypto winter. “I’m not sure I’d strictly call the latest price moves a crypto winter — this looks more like a big retracement in a wider bull market cycle,” he said. Still, Greenspan backs Saylor’s hint that Bitcoin has hit bottom and is set to keep climbing. “Yeah, I think we’ve probably seen the bottom,” he added

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