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The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. 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.
DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
Discover why BlockDAG leads with a $430M presale and TGE code access, as Litecoin eyes $200 and VeChain climbs 7.5% amid growing market optimism.Litecoin Could Cross $200 Soon; Here’s What to WatchVeChain Gains 7.5% as Traders Seek a Clear SignalBlockDAG Leads with $430M Presale and TGE Code BoostClosing Thoughts
- 04:43Mining company Bitfarms announces completion of $588 million convertible senior notes offeringBlockBeats news, on October 22, bitcoin mining company Bitfarms announced the completion of its offering of convertible senior notes due in 2031, with a total principal amount of $588 million. After deducting the initial purchasers’ discounts and commissions as well as estimated offering expenses, the net proceeds raised are approximately $568 million. The funds are intended to advance its high-performance computing/artificial intelligence infrastructure construction in North America.
- 04:42"Machi" Huang Licheng shorted ETH and HYPE last night; his principal was halved again today, with only 480,000 remaining.BlockBeats news, on October 22, according to HyperInsight monitoring, at 0:13 am today (UTC+8), Huang Licheng once again opened a new high-leverage HYPE long position, and then continued to chase the rally and increase his ETH position within the next hour, continuing to add to his position during the price drop. At that time, the notional value of the HYPE position increased to $1.7 million, and the notional value of the ETH position reached $10 million. In the past 4 hours, as the ETH position approached liquidation, he was forced to close the HYPE long position at a loss and used all remaining funds to further increase his ETH position to average down the cost. Currently, the average price of the ETH position has been raised to $3,952. The current floating loss on this position has exceeded 64%, with a liquidation price of $3,749. Meanwhile, he has placed staggered sell orders to close the position in the $3,950 to $4,188 range. In addition, the total value of this address's account has been halved again in less than a day, with the remaining principal now at $480,000.
- 04:42AI Agents management platform Keycard completes $38 million financing, led by a16z and othersBlockBeats news, on October 22, AI Agents identity and access management platform Keycard announced the completion of a $38 million seed round of financing. The round was led by Andreessen Horowitz, Acrew Capital, and Boldstart Ventures, with participation from Mantis VC, Tapestry Ventures, Essence Ventures, Exceptional Capital, Modern Technical Fund, Vermillion Cliffs Ventures, and several angel investors. Keycard aims to unlock the utility of AI Agents by providing developers and enterprises with the infrastructure needed to build and adopt trusted agent applications at scale. The goal is to build an infrastructure that gives control over agent behavior to users, builders, and operators, while achieving full auditability.