Bitcoin Rebounds to Reach $123,000

On October 8th, MetaMask made an announcement in a tweet that perpetual contracts have become live. Users are now able to trade perpetual contracts on the MetaMask mobile app, and a reward event will be coming soon as well.

On October 8th, according to Coinglass data, in the past 24 hours, the cumulative net outflow of CEX was 87,100 Ethereum. The top three CEX with outflows are as follows: · Coinbase Pro, with an outflow of 105,200 ETH; · OKX, with an outflow of 4,383.10 ETH; · KuCoin, with an outflow of 2,446.62 ETH. In addition, Bitfinex saw an inflow of 11,500 ETH, ranking first in the inflow list.

On October 8th, AEA Technology Alliance made an announcement. The native token STO of the full-chain liquidity distribution network Stake Stone has now become a part of AEA's core reserve assets. And it is planned to increase the reserve amount to up to 150 million STO. This strategic move enhances AEA's economic foundation and speeds up the comprehensive expansion of the STO ecosystem. Meanwhile, AEA has officially established a strategic partnership with StakeStone. The two parties will jointly explore AI trading applications and drive the next wave of digital asset innovation.

On October 8th, DDC Enterprise Limited, a company listed on the NYSE (NYSE: DDC), successfully completed a $124 million equity financing. The issuance price for this round was $10 per share, which was close to the average closing price over the past 15 trading days and at a 16% premium to the closing price on October 4th. This round of financing was led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC's founder, Chairman, and CEO, Jia Ying Zhu, personally invested $3 million, showing his confidence and commitment to the company's long-term value creation. To further express confidence in the company's strategic direction and long-term value creation, almost all participating capital (including the founder's investment) has agreed to lock up the stock for 180 days starting from the transaction date. The new funds from this round will support DDC's Bitcoin treasury strategy and help it become a

On October 8th, according to Coinglass data, if Bitcoin manages to break through $124,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.304 billion. Conversely, if Bitcoin drops below $121,000, the cumulative long liquidation intensity on mainstream CEXs will be $525 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.

On October 8th, the Bank of England issued a warning. It stated that the rapidly escalating valuations of artificial intelligence companies are intensifying the risk of a global financial market "sudden pullback." This is because stock prices have reached levels comparable to those during the dot-com bubble. The Bank of England pointed out that in recent months, the surge in defaults in the US auto loan market has heightened market reversal risks. It emphasized that these situations "confirm some of the risks in the market-based financial system that the central bank has been highlighting." Other risks include the escalating political pressure faced by the Federal Reserve, which "may lead to a sharp repricing of dollar assets." Additionally, the uncertainty triggered by political stalemates in France and Japan could also disrupt the debt market. The Bank of England stated that multiple indicators show "stock market valuations seem excessive, especially for technology companies focused