Whale's $214M $ETH Long Position at Risk of Liquidation if Market Drops

Bernstein raises SpaceX (SPCX.O) price target from $248 to $268. (Jinshi)

Bloomberg Intelligence analyst Mike McGlone noted in a report that gold prices have pulled back to a support level around $4,000 per ounce, while silver is nearing $50 per ounce. However, their performance relative to U.S. Treasuries may have hit an extreme not seen in roughly 40 years, and the trend of precious metals versus U.S. Treasuries may have peaked. McGlone explained that interest rate hikes by most central banks, as well as the correction and volatility in the U.S. stock market, could drive a shift in the relative performance of precious metals to U.S. Treasuries. By contrast, U.S. Treasuries and Treasury bills with yields near 5% may regain appeal.

Bernstein cuts Coinbase (COIN) price target from $330 to $250.

According to official announcements, Bitget, its tokenized US stock protocol Reality, and NASDAQ-listed gold reserve company Aurelion (NASDAQ: AURE) have announced a strategic partnership, with plans to launch the tokenized stock rAURE, where Bitget will act as the primary trading platform for the asset post-launch. rAURE will be issued by Reality and is pegged 1:1 to the underlying US stock asset AURE held in custody. Aurelion is a public company whose main reserve asset is tokenized gold XAU? (Tether Gold). This collaboration will introduce tokenized assets of the NASDAQ-listed gold reserve company into the Web3 trading market, driving the integration of listed company stocks, asset tokenization, and the gold sector. After rAURE’s launch, users will be able to trade it on Bitget 24/5, and combine it with other tokenized stocks and digital assets to expand cross-asset trading scenarios, enhancing asset allocation flexibility and capital utilization efficiency.

Blast reached the deadline for its regular withdrawal interface today, yet approximately $40.41 million in assets remain in its official cross-chain bridge on Ethereum mainnet. The amount is down roughly 36% from around $63.5 million recorded on October 2. On October 2, Blast announced the phased shutdown of its Layer 2 network, citing operating costs exceeding revenue and a lack of a credible path to economic sustainability. The project previously noted that users could still withdraw assets after October 26, but would need to interact directly with the bridge contract on Ethereum instead of relying on the regular website interface. At press time, Blast’s official website still displayed the withdrawal entry and a notice of the network’s phased shutdown. The platform has released contract-level withdrawal guides for ETH, USDB, and BLAST. The withdrawal process involves initiating a withdrawal on the Blast network, waiting for the transaction’s state record to be submitted to Ethereum, submitting a withdrawal proof via the OptimismPortal contract, completing a one-day challenge period, and executing the final confirmation transaction.

According to official announcements, blockchain gaming project ArchLoot has released a notice stating it will permanently burn 44,583,346 locked AL tokens, sourced from three pools: ECO Pool (30 million tokens), Treasure Pool (approx 10.417 million tokens), and Reserve Pool (approx 4.167 million tokens). Post-burn, these tokens will no longer be unlocked, distributed, or circulated. The project will publish on-chain transaction hashes for community verification once the burn is complete.