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

2 hours ago

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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Binance Alpha Launches PALU, Market Cap Soars by 900% Surpassing $30M

On October 7th, according to official information, PALU has been included on Binance Alpha. Its market value experienced a brief surge of 900% and exceeded 30 million U.S. dollars. It is currently trading at approximately 27.74 million U.S. dollars. It is noteworthy that this listing on Binance Alpha follows the early listing model and there was no prior airdrop or listing announcement.

8 minutes ago

Upbit lists Doodles (DOOD), supports KRW and USDT trading pairs

On October 7th, as per official information, Upbit, which is South Korea's largest exchange platform, announced the listing of Doodles (DOOD), with KRW and USDT trading pairs being supported.

8 minutes ago

Affected by the Upbit listing, DOOD surged approximately 100% briefly.

On October 7th, according to HTX market data, due to the listing on Upbit, DOOD witnessed a rapid surge of approximately 100% and is currently trading at $0.0124.

8 minutes ago

Ethereum Treasury Company + Spot ETF Total Holdings Surpass 10% of Total Supply

On October 7th, based on strategicethreserve data, as Bitmine and other treasury companies are rapidly increasing their holdings and with the continuous net inflow of Ethereum spot ETF, the combined holdings of Ethereum treasury companies and spot ETF have now exceeded 10% of the total supply. This includes: · Ethereum treasury companies hold 5.67 million ETH, accounting for approximately 4.69% of the supply. · ETF holds 6.81 million ETH, accounting for approximately 5.63% of the supply. · The total holdings are 12.48 million ETH, representing 10.32% of the supply (with a total supply of 120 million ETH).

8 minutes ago

Crypto Fear & Greed Index currently at 70, market sentiment is in a state of "Greed"

On October 7th, based on alternative data, the cryptocurrency fear and greed index for today is 70, suggesting "Greed" in market sentiment. Note: The threshold for the fear index is 0 - 100 and it includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

8 minutes ago

If Ethereum breaks above $4800, the mainstream CEX cumulative short liquidation pressure will reach 1.067 billion.

On October 7th, according to Coinglass data, if Ethereum manages to break through $4800, the cumulative short liquidation intensity on mainstream CEX will reach $1.067 billion. Conversely, if Ethereum drops below $4600, the cumulative long liquidation intensity on mainstream CEX will reach $1.025 billion. **BlockBeats Note**: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche when it reaches that particular point.

8 minutes ago

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