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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
Crypto investment products see $3.17B inflows in a week, pushing 2024 total to $48.7B, with Bitcoin taking the lead.Bitcoin Stays on Top, Altcoin Momentum CoolsInstitutional Interest Continues to Climb
Dip buying isn’t enough — Bitcoin needs stronger accumulation below the STH Realized Price to kickstart a new bull run.Accumulation vs. SpeculationWhat to Watch Next
BitMine adds ~202K ETH to its holdings, now controlling over 3.03M ETH and accelerating its “alchemy of 5%” ambition.Aggressive Accumulation StrategyStrategic & Financial ImplicationsWhat to Watch Next
- 15:44BNB Chain: "Rebirth Support" airdrop aims to help users who lost money trading meme coinsJinse Finance reported that BNB Chain released a supplementary statement regarding the "Rebirth Support" airdrop, stating that the event aims to assist users who suffered losses trading Meme coins during recent market fluctuations. More details will be announced as soon as possible through BNB Chain's official channels. Previously, it was reported that BNB Chain, together with Four.Meme and others, launched a $45 million BNB "Rebirth Support" airdrop, with the amount distributed randomly.
- 15:28Nvidia: Meta and Oracle to use Spectrum-X Ethernet switchesJinse Finance reported that Nvidia announced Meta and Oracle will adopt Nvidia Spectrum-X Ethernet switches to build AI data center networks. These two companies have established Spectrum-X Ethernet switches as the standard for open accelerated network architecture. This technology enables large-scale rapid deployment, exponentially improves AI training efficiency, and significantly shortens the time to gain data insights.
- 15:24The number of Aave tokens repurchased has exceeded 100,000, with an average price of $239.25.On October 13, according to statistics from TokenLogic, the number of Aave tokens repurchased has exceeded 100,000, with an average price of $239.25. Marc Zeller, Aave community governance leader and founder of Aave Chan Initiative (ACI), commented that based on the current income level of the protocol, the repurchase effort could easily be doubled until a certain price threshold is reached. He will consider this and then submit it to the governance forum.