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CZ Talks About the Popularity of the Chinese Name for Meme Token: A More Active Community is a Good Sign

10 hours ago

On October 11th, CZ mentioned the recent "Chinese Community Hype of the Chinese Name Meme Token" during a live stream. He said, "I think many Western users are keen on trying to figure out what exactly is going on. This is just a coincidence. Anything I post on Twitter, any picture, any icon, or anything at all will turn into a meme, which made me a bit cautious for a while. Somehow, this has become a culture within the Binance community, and a large number of participants are Chinese speakers. Recently, it was the Chinese traditional Mid-Autumn Festival, and some Mid-Autumn memes emerged. The Chinese community has become more active, and the Western community has also begun to learn Chinese. It is a good thing to see the community so active."
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A Hacker Address Panic-Sold 5,480 ETH, incurring a $3.7 Million Loss

On October 11th, as per the monitoring of LookOnChain, two hacker addresses panicked and sold 5,480 ETH (valued at approximately $20.47 million) which they had bought at the dip earlier. The average purchase price prior to this was $3,735, resulting in a loss of $3.7 million.

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ATOM Spot Trading Pair on Binance Plunges to $0.001 in the Early Morning

On October 11th, according to market data, with the crypto market undergoing a flash crash in the early morning, the Cosmos (ATOM) spot trading on Binance (in the USDT pair) dropped to $0.001 at 5:00 AM today and is currently trading at $3.08.

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Venus: Actively reviewing accounts affected by the WBETH disanchoring to assess a fair resolution

On October 11th, the BSC lending protocol Venus announced on social media that the official team is aware of the issue of the price dislocation of WBETH. This led to some users being unexpectedly liquidated during the early morning downturn today. The team is actively investigating the event, reviewing the affected accounts, and evaluating the fair follow-up steps. At the same time, the team is strengthening risk management and oracle protection measures to help prevent similar events from happening in the future. It is reported that WBETH dislocated during the extreme downtrend in the early morning and dropped to $430 (with ETH at $3435). The WBETH/ETH exchange rate dropped to 0.2 and is now reported at 1.06, with the price of WBETH at $4097 (and ETH at $3840).

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ZeroBase Founder: Just withdrew 17 million U from another CEX to provide liquidity to the Flash loan pool

On October 11th, the founder of ZeroBase, Mirror Tang (@mirrorzk), stated in a social media post that they are currently withdrawing another $17 million from other exchanges in order to inject it into the flash minting pool.

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Whale/Institution '7Siblings' Borrowed 40 Million USDC from Aave to Buy the Dip in ETH

October 11th. According to on-chain data analyst Yujin Monitoring, the whale/institution "7 Siblings", which has repeatedly purchased during ETH's dips after major price drops, has once again begun to accumulate ETH following today's significant drop. It borrowed 40 million USDC from Aave and has already spent 5 million USDC in the past hour to purchase 1326 ETH at a price of $3771. This whale/institution has previously bought ETH during dips after major drops and has achieved considerable profits: · On August 5th of last year, when ETH dropped by 15%, it bought 100,000 ETH at around $2,270 each; · On April 7th of this year, when ETH dropped by 10%, it bought 25,000 ETH at around $1,700 each.

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Liquidation Event: Two Whale Addresses Experience $23.9M Loss on Aave

On October 11th, as monitored by PeckShieldAlert, with BTC plummeting by 8.44%, the whale address 0xddf7...8ce5 experienced liquidation in the Aave protocol, resulting in a loss of 14.4 million US dollars worth of cbBTC. Another whale address 0xee7c...2954 was just liquidated for its long position in cbBTC on Aave, incurring a loss of 9.5 million US dollars worth of cbBTC.

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