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Ethereum’s price is fluctuating around $3,700, influenced by US credit and labor data, with traders cautiously avoiding high leverage. Whale activity indicates limited bearish sentiment, but there is insufficient confidence in a rapid rebound. No warning signals have been observed in the derivatives market, and a recovery will require clearer macroeconomic signals. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.
In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.
Bitcoin has closed above the $100K mark for 163 days in a row, showing strong market confidence and price resilience.Bitcoin Holds Strong Above $100KWhat Sustains This Momentum?What Comes Next for Bitcoin?
- 01:47Berachain ecosystem project Honeypot Finance completes new funding round at a $35 million valuation, with participation from Mask Network and othersChainCatcher news, according to The Defiant, Berachain ecosystem project Honeypot Finance announced the completion of a new funding round at a valuation of $35 million. Investors in this round include Mask Network, CatcherVC, and Credit Scend, among others. The specific amount raised has not been disclosed. This round of funding will mainly be used to advance the research, development, and deployment of the AMM perpetual contract DEX (Perpetual DEX). As an important supplement to Honeypot's existing DeFi infrastructure, this product aims to address the structural bottlenecks of traditional order book perpetual contract exchanges and further improve Honeypot's cross-chain liquidity system. Honeypot Finance stated that this financing will help the team accelerate the integration of its product matrix and ecosystem expansion, build a more sustainable asset settlement and dynamic management mechanism, and provide new infrastructure support for institutional-level DeFi liquidity.
- 01:31Meteora: Detailed Explanation of the Liquidity Generation Event Before MET Token TGEChainCatcher news, Solana ecosystem liquidity protocol Meteora announced that on October 22 at 23:30 (UTC+8), one day before the TGE, it will collaborate with Jupiter to hold a live Q&A session before the TGE, providing a detailed analysis of the LGE (Liquidity Generation Event) for the MET token.
- 01:02Hyperliquid founder clarifies that the platform prioritizing protocol revenue is FUD; the ADL mechanism has generated hundreds of millions of dollars in net profit for usersChainCatcher news, Hyperliquid founder Jeff stated in a post that the rumors about the platform "prioritizing protocol revenue" are pure FUD. He pointed out that the automatic deleveraging (ADL) events have actually brought users net gains of hundreds of millions of dollars; if a backstop liquidation mechanism were adopted, the platform's HLP could indeed gain more profit, but the risk would be much higher. Jeff emphasized that the ADL mechanism is designed to transfer potential profits to users and reduce system risk, achieving a "win-win" situation. He added that Hyperliquid's ADL queue logic is similar to that of mainstream centralized exchanges, calculated based on leverage multiples and unrealized PnL. Although the team is currently researching more complex algorithms, they believe that "keeping the mechanism simple, robust, and easy to understand" is the better solution.