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RIVER's Binance Futures contract price reached a high of $5.465, simultaneously launching on Aster, Kucoin, Gate, Bitget, and other trading platforms.

3 hours ago

October 21st. According to official channels, the RIVER perpetual contract officially made its debut on the Binance futures market on October 17th. It surged to a peak of $5.465, experiencing an approximate 130% increase. Currently, the Binance futures price is hovering around the $4 level. Users who participated in the Binance IDO have seen a return rate of 80 times. Within a 24-hour period, the contract also simultaneously landed on mainstream exchanges such as Aster, Kucoin, Gate, and Bitget, with a total trading volume exceeding $100 million. River Pts, as an ecosystem point, is an ERC20 token that can be traded on DEX and staked. During the first 27 days after its launch, it achieved a 20-times price increase. Its core mechanism, "Dynamic Airdrop Conversion," innovatively incorporates a time variable into the tokenomics model. Users can convert points to RIVER tokens at any time within 180 days. The exchange rate continuously increases over time, thereby driving the value linkage between River Pts and RIVER. In the previous second airdrop, it covered more than 120,000 user addresses and X platform accounts. Users can now claim rewards through the airdrop page. The ongoing third-season activity has attracted the participation of more than 60,000 X accounts. Users can earn River Pts by creating content, using the satUSD stablecoin, participating in ecosystem activities, and making contributions. They can claim the points at the end of the third season and convert them at any time.
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The Smarter Web Company increased its holdings by 10 bitcoins, bringing its total holdings to 2660 coins.

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Andrew Kang's associated address has increased its BTC short position to $100 million, and has partially taken profit at $106,000.

On October 21st, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and opened in a new tab), the related address (0x0b5) of Andrew Kang, a co-founder of Mechanism Capital, continuously increased his short position in BTC for three hours. The current notional value has reached $103 million, and he placed partial take-profit orders at $106,000. According to the monitoring, after last night's announcement that "Trump said he would impose 155% tariffs if no agreement is reached", the address adjusted its position accordingly: closing a long position of approximately $5.42 million in ENA and adding $24.86 million to the short position in BTC and $2.58 million to the short position in ETH. Currently, it has made a profit of $5.27 million this week, with a total notional value of approximately $1.33 billion. All positions are in a floating profit state, with a floating profit margin of over 30%.

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A total of 10 months ago, this whale initially acquired these HYPE tokens at a price of $25.87, which amounted to $9.87 million.
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