According to Onchain Lens monitoring, the whale that previously re-established a long position in Ethereum (ETH) with 25x leverage has now turned losses into profits, with a floating profit of approximately US$8 million and a cumulative income of approximately US$5.8 million.

Binance issued a statement addressing the significant market volatility triggered by global macroeconomic events between 04:50 and 06:00 Beijing Time on October 11th. Officials stated that the overall crypto market plummeted due to concentrated selling by both institutional and retail investors. Binance has conducted a comprehensive review and confirmed that its core futures and spot matching engines and API trading remained normal throughout. Only some modules experienced a brief technical glitch after 05:18 Beijing Time on October 11th, resulting in the depegging of certain assets. Binance provided compensation of approximately $283 million to affected users within 24 hours of the incident, primarily covering collateral losses caused by the depegging of USDE, BNSOL, and WBETH. Additionally, Binance will compensate users who incurred losses due to internal transfers and delayed redemptions of Earn products. Regarding the extremely low prices of certain spot trading pairs, Binance explained that this was primarily due to historical limit orders being triggered by one-sided liquidity and UI display accuracy issues, and was not a system error. Officials have pledged to further optimize the interface display and liquidity mechanism, and will continue to publicly update compensation progress. Binance reminds users that the current cryptocurrency market is volatile and traders should maintain risk control and allocate positions reasonably.

OKX market data shows that BTC has broken through 115,000 USDT and is currently trading at 115,044.4 USDT, a 24-hour increase of 4.06%. (This newsletter is generated by AI)

In response to the recent market decline, Binance issued a statement stating: - The decoupling of some Binance yield products related to USDE, BNSOL, and WBETH occurred after the market crash. This decoupling impacted some users who held these assets as collateral and were forced to liquidate their positions. Binance has assumed responsibility and fully compensated them for their losses. Compensation has been paid in two tranches, totaling approximately $283 million. - During the period of significant market volatility, internal fund transfers and Earn product redemptions experienced brief delays, impacting timely margin replenishment. Binance will compensate users with verified losses. Furthermore, regarding the extreme price fluctuations of certain tokens on the Binance platform, Binance stated: - Historical limit orders (some dating back several years, even as early as 2019, such as IOTX and ATOM) remain on the platform. During a significant market sell-off and insufficient buy orders, sell orders continued to execute these long-term limit orders, causing a temporary and significant drop in token prices. Some trading pairs (such as IOTX/USDT) recently reduced the number of decimal places in the minimum price change, causing the user interface to display prices as zero. This is a display issue, not an actual zero price. Binance will optimize the UI display and correct the abnormal price display in the UI (without further announcement) to ensure a better trading experience. The API interface is not affected.

OKX market data shows that ETH has broken through 4100 USDT and is currently trading at 4103.23 USDT, a 24-hour increase of 7.43%. (This newsletter was generated by AI)

OKX market data shows that BTC has broken through 114,000 USDT and is currently trading at 114,012.6 USDT, a 24-hour increase of 1.94%. (This newsletter was generated with AI assistance)

According to Cointelegraph’s X Platform post, Steak ‘N Shake quickly reversed its plan to accept ETH payments following backlash from the Bitcoin community. The company suspended the vote within hours, stating, “Our loyalty lies with Bitcoin holders.”

The Smarter Web Company, a British Bitcoin treasury company, disclosed that it spent £9,076,366 to increase its holdings of 100 BTC, bringing its total Bitcoin holdings to 2,650, worth approximately £219,570,133. The Bitcoin return rate since the beginning of the year has reached 57,718%, and the company's BTC return rate so far this quarter has reached 0.58%.

Cryptocurrency trading platform Gate has announced the official launch of Gate Vault, a multi-chain wallet based on multi-party computation (MPC) technology, designed to provide users with a higher level of asset security and control. Gate Vault splits the full private key into multiple shards and stores them in a distributed manner. This eliminates the need to restore the full private key during transaction signing, effectively preventing single-point attacks. This product utilizes a three-party distributed key architecture and a 2-of-3 mechanism to ensure absolute control of users' assets. It also features a 48-hour delayed payment protection and global disaster recovery mechanisms, providing comprehensive security. Notably, Gate Vault will be free for a limited time to VIP 3 and above users, with a paid access option available soon for other users, allowing more users to experience this new security solution firsthand. As user asset management needs accelerate from centralized accounts to self-custodial wallets, MPC technology is becoming a core foundation for the next generation of digital asset security. The Gate Safe not only strengthens Gate's leading edge in security, but also further improves Gate's full-stack ecosystem layout from transactions, financial management to Web 3 self-hosting. It is the core fulcrum of security and trust in Gate's All in Web 3 strategic map.

According to an official announcement, Binance will open RECALL trading on Binance Alpha at 8:00 PM (UTC) on October 15, 2025, and will launch RECALLUSDT perpetual contracts (50x leverage) at 8:30 PM (UTC) on the same day. Binance will also airdrop RECALL tokens to eligible users, who can claim them using Binance Alpha Points between 8:00 PM (UTC) on October 15, 2025, and 8:00 PM (UTC) on October 16, 2025. (This newsletter was generated with AI assistance.)

Discover the incredible journey of MrBeast, from viral video creator to crypto and business mogul. Still, his story is never short of controversies whilst his climb up to success.