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

6 hours ago

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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Privacy Coin ZEC Defies the Odds, Surges Past $275 to Achieve a 352% Gain in Just 2 Weeks

October 11th. According to HTX market data, the cryptocurrency ZEC, which focuses on privacy, has surged above $275 contrary to the trend. It is currently trading at $269 and has seen a 24-hour gain of 15.6%, reaching a recent high.
Earlier, on October 1st, prominent angel investor Naval referred to ZCash as "Bitcoin's insurance". After this statement, ZEC began to rise, and it has seen a nearly 352% increase in the past 2 weeks.

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After the market crash, three whale addresses bought PEPE, HYPE, and other tokens.

On October 11th, as monitored by LookOnChain, following the market crash, three whale addresses purchased PEPE, HYPE, and other tokens. The address qianbaidu.eth withdrew 657.8 billion PEPE from Binance (with a value of $4.44 million) and deposited 8.67 million USDC into Hyperliquid to acquire HYPE; Whale 0x2bfb spent 4.97 million USDT to buy 600.88 billion PEPE; Whale 0x9b83 bought 140,145 HYPE tokens (with a value of $5.5 million) while also taking a long position in BTC and HYPE.

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Wintermute Founder: We Have Absolutely No Issue

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."

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Grvt CTO: Grvt Maintained 100% Uptime Throughout Market Turbulence

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.

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Bitget has launched the U-based YB Perpetual Contract, with leverage ranging from 1 to 25x.

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.

1 seconds ago

Binance: Users with a minimum of 200 points can claim a 640 CDL airdrop

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.

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