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

On October 11th, the founder of Wintermute, wishful_cynic, posted on social media regarding the community's speculation that "Wintermute is collapsing in this downturn." He said, "Sorry to disappoint you, but Wintermute is completely fine. Everything is going on as usual."

On October 11th, Aaron Ong, the co-founder and chief technology officer of the decentralized perpetual contract trading platform Grvt, posted on social media that during this "most extensive liquidation event in the history of cryptocurrencies," the system of the platform remained stable, without any downtime or latency problems. It is reported that Grvt achieved 0 downtime and low latency throughout the extremely volatile market conditions, with no socialized losses. Emphasizing that platform reliability is not achieved overnight but is the result of being tested in such extreme market moments.

On October 11th, according to an official announcement, Bitget has declared the launch of the U-based YB perpetual contract, and the leverage ranges from 1 to 25 times. Users can conduct transactions through the official website or the Bitget APP.

On October 11th, Binance Official announced on social media that users who have at least 200 Binance Alpha Points can receive a 640-CDL token airdrop on a first-come, first-served basis. In case the reward is not fully distributed, the point threshold will automatically decrease by 15 points every hour. It should be noted that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their receipt on the Alpha event page within 24 hours; otherwise, it will be regarded as the user giving up the airdrop.

On October 11th, Vida, the founder of Formula News, posted on social media, stating: "Some time ago, a friend told me that there is currently a risk-free arbitrage opportunity. That is to conduct USDE flash loans on Binance, with an annual interest rate of around 26%. His institutional friend turned 1 billion USDT capital into 5 billion USDE through flash loans on the Binance trading platform." Vida explained that this large-scale liquidation event was speculated to have occurred in a situation where the market with low liquidity dropped significantly: · The position of the USDE flash loaner was liquidated. · Leading to a low USDE price. · Causing a decrease in the collateralization capacity of USDE as the unified account collateral. · Triggering more liquidation of the positions of market makers collateralized with USDE. · Triggering the liquidation threshold of assets such as BNSOL and WBETH, which are accumulated yield assets. Assets like BNSOL and WBETH, although having a high c

On October 11th, as per the monitoring of LookOnChain, a whale address acquired 14,165 ETH (valued at $55.5 million) through OTC trades from FalconX, Coinbase, and Wintermute.