The total amount of high-risk loans (defined as loans within 5% of the liquidation price) on Benqi, a decentralized lending platform in the Avalanche ecosystem, rose to $55 million on Wednesday, reaching the highest level since June 2022, according to data tracked by analytics firm IntoTheBlock. Cryptocurrency traders typically obtain loans from decentralized lending platforms by locking up collateral in the form of digital assets. The risk here is that if the value of the collateral falls too much, the protocol will liquidate the debt by selling the collateral. A loan within 5% of the liquidation price means that if the price of the collateral falls by 5%, it will no longer cover the loan, triggering liquidation. (Coindesk)

According to Odaily, Singapore-based Web3 game development company and Layer 2 protocol developer Saakuru Labs has announced a collaboration with MemeCore, a Meme coin community platform, to launch a $10 million incubation fund. The fund aims to foster the growth of the Web3 gaming industry by investing in and acquiring communities and games, integrating them into the Saakuru and MemeCore ecosystems. Earlier this year, in April, Saakuru Labs secured $2.4 million in private investment, led by Based VC and ARC Community. Following this, the company also entered into a strategic partnership with Animoca Brands.

Saakuru Labs, a Singaporean Web3 game development company and developer of L2 protocol Saakuru, announced that it will jointly launch a $10 million incubation fund with Meme coin community platform MemeCore to promote the development of the Web3 game industry. The fund plans to invest in and acquire communities and games and incorporate projects into the Saakuru and MemeCore ecosystems. According to previous news, Saakuru Labs received $2.4 million in private equity investment in April this year, led by Based VC and ARC Community. Subsequently, it also reached a strategic partnership with Animoca Brands.

IDA, a Hong Kong-based stablecoin issuer, announced the appointment of Wang Shixiong as chairman of the board. It is reported that Wang Shixiong has more than 30 years of experience in the banking industry and has served as deputy chief executive officer of Bank of China (Hong Kong) Group, responsible for various financial market operations, including global markets, global transaction banking, investment management, insurance, asset management and other capital market related businesses. (Hong Kong Economic Journal) Previously, IDA announced in September this year that it had completed a $6 million seed round of financing, with Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ and Yolo Investments participating in the investment to promote the development and launch of its stablecoin HKDA, which is collateralized by 1:1 Hong Kong dollars. In addition, IDA has also reached relevant cooperation with Chainlink to enhance the transparency of its stablecoin HKDA, which is collateralized by 1:1 Hong Kong dollars.

The US dollar, often referred to as "King Dollar," continues to hold its position as the dominant global currency, despite various challenges. source: https://cryptodnes.bg/en/king-dollar-stays-strong-despite-yuans-challenge-and-global-shifts/

Lawyer Fred Rispoli has openly criticized Ripple’s CEO, Brad Garlinghouse, and executive chairman, Chris Larsen, for settling part of the SEC’s charges instead of fighting them all in court. He believes they missed a big chance to fully defend themselves, especially against the “aiding and abetting” claims. According to Rispoli, Ripple had a strong case, … source: https://coinpedia.org/news/xrp-news-ripples-sec-settlement-faces-backlash-from-legal-experts/

Bitcoin’s recent price surge to surpass the $68,000 mark has left a staggering 95% of Bitcoin addresses on chain enter a state of profit, which has led to a boom in market sentiment amid the recovery. According to data shared by on-chain data firm IntoTheBlock, only 3% of Bitcoin addresses are currently at-the-money, meaning that […] source: https://www.cryptoglobe.com/latest/2024/10/overheated-market-95-of-bitcoin-wallets-are-now-in-a-state-of-profit/

This year's Tokyo EDCON conference was held in Shibuya, Tokyo, where the Mentougou Exchange was located. I applied for an EDCON conference volunteer and went to Tokyo to learn about the development of the crypto industry in Japan ten years after the collapse of Mentougou.

According to Coinglass data, as of 12:00 today, the long-short ratio (active buying and selling volume) of Bitcoin on the entire network is temporarily reported at 0.7553, with 43.03% being long and 56.97% being short. In addition, data from Binance's BTC/USDT contract trading pair shows that the current long-short ratio of the trading pair is temporarily reported at 0.66, with the long position ratio being 39.72% and the short position ratio being 60.28%.

Bitlayer announced that the "Lucky Flip" section of the official website has been upgraded to "Lucky Racing Card Draw". Players can draw cards on the exclusive page and collect various components to synthesize exclusive racing cars. Different racing cars correspond to different numbers of unlocked BTR airdrops in the future. Based on the prize pool of user participation, the team will provide an additional 100% of the same value of unlocked BTR as a reward in this event. The more players participate, the larger the total prize pool of airdrops will be, and the expected total return rate of players can reach up to 200%. According to the rules of the game, users can choose to draw a single draw or ten consecutive draws to flip the card to obtain random components, and there is a higher probability of obtaining advanced components using consecutive draws. Players can synthesize the corresponding star racing car after collecting 8 components of the same level. The higher the level of the racing car, the more BTR airdrops it will correspond to in the future.

Bitcoin Spot ETF inflows hit $274M on October 18, continuing a 6-day streak. Ark Invest’s ARKB saw a $110M inflow, while BlackRock’s IBIT added $70M. source: https://coincu.com/288071-bitcoin-spot-etf-inflows-reach-274-million

We are now seeing a number of re-staking platforms moving towards a similar end goal. It will be very interesting to watch how the re-staking ecosystem and its dynamics evolve over the next few years.

DePIN revolutionizes Web3 games through decentralized infrastructure, enhances player autonomy, interactivity and economic sustainability, creates immersive gaming experiences and empowers players with asset ownership and governance.

The entire industry is undergoing an unprecedented profound transformation, and new things often break out and often sprout in silent waiting.

Golden Finance launches the 2482nd issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Sony is actively moving into Web3 by acquiring centralized exchanges, launching the Soneium blockchain mainnet, and developing stablecoins, aiming to build a comprehensive ecosystem and accelerate digital transformation.

Meme, step-by-step teaching, practical guide to ambush 100x Meme coins, Golden Finance, nanny-level step-by-step breakdown, with pictures and tutorials, guaranteed to teach you until you learn it.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

AI Agent, thoughts and judgments on the AI ​​Agent track. Golden Finance, personal thoughts and judgments on the AI ​​Agent track.

Omni is critical infrastructure that combines the composability of the Ethereum ecosystem with the Solana user experience.