A Whale Goes 3x Long on BNB, With Unrealized Gains Exceeding $1 Million
On October 9th, as per the monitoring of LookOnChain, the Whale address "0x2a02" accumulated a long position of 3 times BNB five days ago. It held 7,957 BNB, which was valued at $10.13 million. Currently, it had unrealized gains of more than $1 million.
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In the past 24 hours, the BSC network has reached a fee volume of $7.88 million, ranking first among public blockchains
On October 9th, based on DeFillama data, the BSC network witnessed a 24-hour fee volume of $7.88 million, topping among public blockchains. The Tron network ($1.49 million) came in second, with the Ethereum network ($0.76 million) in third place.
Moreover, on the BSC chain, the DEX achieved a trading volume of $6.1 billion within the past 24 hours, outperforming Solana ($4.97 billion) in second place and approaching Ethereum's $6.3 billion.
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The UK Financial Conduct Authority has officially lifted the retail ban on purchasing crypto exchange-traded notes
On October 9th, according to CoinDesk, the UK Financial Conduct Authority (FCA) has officially lifted the ban it imposed in 2019 on retail investors purchasing exchange-traded notes (ETNs) linked to crypto assets. This is provided that the relevant products are listed and traded on FCA-approved UK-based investment exchanges. It should be noted that unlike ETFs, ETNs are debt securities tied to crypto assets and are not backed by physical assets. Additionally, the FCA has not lifted the retail ban on crypto ETFs or derivatives simultaneously.
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Robinhood's two co-founders join Bloomberg Billionaires Index Global 500
On October 9th, as per Bloomberg, Vlad Tenev and Baiju Bhatt, the co-founders of Robinhood, have made their initial appearance on the Bloomberg Billionaires Index Global 500 list. Their personal fortunes stand at $7.5 billion and $8.8 billion respectively. The stock price of Robinhood has increased fourfold this year, thereby making it one of the top-performing stocks in the S&P 500 index.
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Piggycell will support on-chain charging network, enabling NFT binding for sustainable passive income
On October 9th, Piggycell is going to put its offline charging network on the blockchain, achieving the assetization of charging behavior. Meanwhile, the charging equipment will be bound to NFTs. NFT holders will own the corresponding equipment and be able to continuously receive passive income.
Piggycell is a leading South Korean shared power bank brand that currently holds approximately 95% of the market share. It has over 14,000 sites and 4 million users. The project will migrate the offline network to the blockchain, transforming charging behavior into measurable, settleable, and tradable digital assets.
Through mechanisms like Charge-to-Earn, Occupy-to-Earn, and Challenge-to-Earn, community users can directly share real cash flows. In addition, institutions such as Animoca and DWF have participated in the investment. The project plans to complete the TGE in the fourth quarter and list on mainstream exchanges.
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Yi Li Hua: A major opportunity for buying the dip is about to emerge, with assets related to public blockchains, platforms, and stablecoins potentially outperforming the cycle
On October 9th, the founder of Liquid Capital (formerly LD Capital), Chris Lee, stated in a post that a major buying opportunity is about to present itself. He advised to wait patiently and block out the noise. Sell when everyone is talking about it, and buy when no one is interested. Seize good assets and go long. The three major assets in the crypto space beyond the cycle are: Public Chains (BTC, ETH, etc.), Exchanges (BNB, Aster, etc.), and Stablecoin-related assets (WLFI, Terra Equity, etc.).
BlockBeats previously reported that from October 3rd to 5th, Chris Lee's Trend Research deposited 145,000 ETH into a CEX, which is worth 6.54 billion US dollars. Currently, the ETH balance in his on-chain address is only 7,163 ETH.
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