Since Bitcoin’s all-time high (ATH), cumulative sell pressure on meme coins on Binance has reached $1.2 billion.

According to monitoring by crypto analytics account Ai Yi, an entity that accumulated a position of 130,591 ETH in 2023 is suspected of liquidating its holdings. The entity transferred an additional 16,919 ETH to a trading platform three hours ago, worth approximately $45.85 million. Over the past week, it has transferred a total of 128,972.05 ETH to trading platforms, with an average transfer price of $2,680.31, totaling around $345 million. If all of this ETH is sold, the entity is projected to realize a profit of roughly $84.31 million. Following this transfer, the entity’s on-chain ETH balance has been fully depleted.

Next week, global markets will be greeted with a series of key economic data releases and central bank officials’ speeches, with U.S. employment, inflation figures, and Federal Reserve policy signals drawing particular attention. On Tuesday, the U.S. will release August’s JOLTs job openings and September’s consumer confidence index. On Wednesday, August’s core PCE price index, personal spending, second-quarter GDP final estimate, and ADP employment data are due, with multiple Federal Reserve officials set to deliver speeches. On Thursday, the U.S. will release September’s ISM Manufacturing PMI and initial jobless claims, while several Federal Reserve officials, as well as representatives from the Bank of England and European Central Bank, will also make frequent public remarks. Friday will bring the week’s most critical U.S. economic data: September’s nonfarm payrolls, unemployment rate, and average hourly earnings. Among these, nonfarm payrolls and wage data will serve as key references for markets to assess U.S. labor market conditions and the Federal Reserve’s future policy path. Additionally, the euro zone will release September’s preliminary CPI figures, and Japan will publish August’s unemployment rate. On Sunday, seven OPEC+ oil-producing nations will hold their monthly oil policy meeting, with markets closely watching the group’s latest crude supply policy arrangements; Australia will also enter daylight saving time on the same day.

According to Lookonchain’s monitoring, trader 0x9c6a went long on 550,087 SOL with 20x leverage about a month ago, with a notional value of approximately $67.88 million. The trader’s unrealized profit has now exceeded $23 million. They have set a take-profit order at $200; if SOL’s price rises to that level, their potential profit will exceed $65 million.

Trader 0x9c6a opened a 20x long on 550,087 $SOL ($67.88M) a month ago and is now sitting on an unrealized profit of over $23M! He has also set take-profit orders at $200. If $SOL reaches $200, he could make over $65M in profit!

Dongcha’s Beating AI News Flash: MiniMax has announced the launch of its latest text model, M3.1-Flash-Preview, which is now live on MiniMax Code. The official stated that the model is tailored for daily development scenarios, prioritizing speed and stability, and can be used for tasks such as quick bug fixes and full-feature development. Meanwhile, MiniMax Code has rolled out two limited-time promotions: From September 28 to October 7 (UTC+8), users will earn double free credits for daily check-ins, open to both new and existing users. The credits are applicable to models including M3.1-Flash-Preview, H3, and H3 Max. Furthermore, following M3.1-Flash-Preview’s launch, all users’ Token Plan credits will be reset immediately, with the official noting that more credit resets will be conducted in the future.

According to Lookonchain monitoring, Australian digital asset management firm Monochrome Exchange, founded by Jeff Yew, former co-founder and CEO of Binance Australia, has launched an Initial Exchange Offering (IEO) for its MCR token, raising over 5.5 million USDT to date. The total supply of MCR is 210 million tokens, with 5% (10.5 million tokens) allocated to this public IEO. IEO tokens will be locked for one month post-Token Generation Event (TGE), followed by linear release over the subsequent three months. MCR token holders are entitled to spot and derivatives trading fee discounts, priority access to Digital IPOs and token launches, staking rewards, increased Launchpad quota weight, participation in node programs, and platform governance via Monochrome DAO. Every quarter, 20% of the platform’s net profit is used to repurchase and burn MCR on the open market, while an additional 25% of Digital IPO fee revenue is allocated to the quarterly buyback-and-burn fund, aiming to continuously reduce MCR’s circulating supply through platform business growth. BlockBeats previously reported that on September 13, 2021, Monochrome announced the completion of a $1.8 million Series A funding round, co-led by Litecoin founder Charlie Lee, Blockstream Chief Strategy Officer Samson Mow, former Binance Chief Financial Officer Wei Zhou, and Kain Warwick, founder of Blueshyft and DeFi protocol Synthetix, with a post-money valuation of approximately $15 million. On August 18, 2022, Monochrome Asset Management obtained Australia’s first Australian Financial Services License (AFSL), which will be used to launch crypto-related exchange-traded funds (ETFs) on its trading platform.