Solana Co-Founder Response to "New Perp Dex": Just Randomly AI-Generated Code for Fun

Update as of October 21st. Based on HTX market data, Bitcoin fell below $110,000 and is now trading at $109,872, with the 24-hour gain narrowing to 0.68%.

On October 21st, as per the monitoring of LookOnChain, the "1011 Insider Whale" once more enhanced its short position by 100 BTC. The position size amounts to 1.21 billion dollars (1100 BTC), and the liquidation price is $135,320.

On October 21st, as per the monitoring of LookOnChain, a whale/institutional address this evening transferred a total of 610 million USDC to Aave through 3 addresses. It then borrowed 66,000 ETH (approximately $265 million) and deposited it into Binance.

On October 21st, based on market data, the US stock market continued to rise. The Dow increased by 1%, the S&P 500 rose by 1.09%, and the Nasdaq went up by 1.47%. (FX168)

On October 21st, Bank of America declared that the risk of the Fed's balance sheet reduction in October has grown. The economists at Wrightson ICAP pointed out signs of funding stress in the repurchase market, which may lead the Fed to announce at next week's rate decision that it will no longer continue to reduce its bond holdings. Fed Chair Powell hinted earlier this month that he is awaiting the appropriate time to end the balance sheet reduction, and last week's slight turmoil in the repurchase market may be a crucial signal. The institution also anticipates that the Fed will start purchasing Treasury bonds to offset the maturing mortgage-backed securities, thereby maintaining the overall balance sheet size. In summary, as the Fed transitions to a neutral policy stance, the market's monthly supply of short-term government bonds may decrease by approximately $20 billion. (FXStreet)

On October 21st, based on the GMGN market data, the price of "Binance Life" dropped by approximately 20% from the high of $0.44 this evening to currently trade at $0.361, with a market capitalization of $361 million.
BlockBeats Notes: Meme coins witness significant price volatility, which is often driven by market sentiment and the hype surrounding a concept and does not have real value or a use case. Investors should be aware of the risks involved.