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- 15:59NYDIG: Stablecoins such as USDT are merely market trading tools and are not truly pegged to the US dollar.Jinse Finance reported that Greg Cipolaro, Global Head of Research at NYDIG, stated that stablecoins such as USDC, USDT, and USDe are not truly pegged to the US dollar, but rather fluctuate based on market supply and demand. Essentially, they can only be considered as market trading instruments. The so-called "stability" of stablecoins is actually determined by arbitrage and market dynamics. For example, when the price falls below $1, traders buy in; when it rises above $1, traders sell. Users often misunderstand the real risks associated with these assets.
- 14:49A new address is currently facing an unrealized loss of approximately $1.44 million from shorting ETH and ENA.According to Jinse Finance, OnchainLens monitoring shows that a newly created wallet address has withdrawn 4 million USDC from a certain exchange in the past two days and opened short positions on ETH (15x leverage) and ENA (10x leverage), currently with an unrealized loss of about 1.44 million USD.
- 14:30Analysis: Some market indicators suggest ETH may continue its rebound toward $4,500ChainCatcher news, according to Cointelegraph, some market indicators suggest that Ethereum may continue its rebound momentum and reach $4,500 by the end of October. Currently, ETH appears to be forming a "bullish flag," a pattern that typically signals a brief consolidation before continuing an upward trend. In addition, the recent ETH price has mostly remained above the "Weekly Bull Market Support Band," indicating a possible breakout above the channel's upper limit, which is in the $4,450-$4,500 range. If a breakout occurs, ETH could reach $5,200 in November. However, if ETH falls below the lower boundary of the "bullish flag pattern" at $3,550, it may face further pullback.