Selected News:

1. BIGTIME short-term breakthrough of 0.3 USD, up nearly 200% in 24 hours;

2. OKX will launch BIGTIME U perpetual contract in the near future;

3. Parity Technologies, the Polkadot ecosystem development organization, has laid off over 300 employees this week.

4. SBF believes that Binance leaked Alameda's balance sheet to CoinDesk.

Project Updates

BIGTIME short-term breakthrough $0.3, up nearly 200% in 24 hours

According to OKX market data, BIGTIME briefly broke through $0.3 and has since fallen back, currently trading at $0.289 with a 24-hour increase of 195.72%.

OKX will launch BIGTIME U perpetual contract

OKX will launch BIGTIME U perpetual contract on October 13th at 16:00. BIGTIME leveraged trading and Simple Earn will also be launched simultaneously.

The Metaverse platform Everdome invests $3 million to settle in Bigtime.

The metaverse platform Everdome has officially announced a strategic investment of $3 million and will settle in the game Bigtime. This strategic move aims to fully leverage the prosperity of the in-game economy and consolidate Dome's position in the metaverse field. Everdome is a surreal metaverse that brings brands and users together to create a digital life that reflects real-world experiences.

Sui mainnet has been upgraded to version V1.11.2

The Sui mainnet has now been upgraded to version V1.11.2, and the Sui protocol has been upgraded to version 27. The main upgrades include:

Changed the Gas fee settings for high-level transactions to increase the speed of Gas consumption, without affecting previous transactions, ensuring efficient use of resources.

Improved the output of the SUI client object command to make it easier to understand and navigate. Standard JSON output can be obtained using the --json flag.

Updated the display of constants in the Move bytecode of disassembly, and attempted to display deserialized strings.

OKX will support USDT-Solana and USDC-Solana deposits and withdrawals

According to the official announcement, in order to meet the various needs of user transactions, Ouke OKX will begin to support USDT-Solana and USDC-Solana deposits and withdrawals. The specific time is as follows:

USDT-Solana, USDC-Solana deposit opening time: October 12th 17:00 (UTC+8);

Withdrawal for USDT-Solana and USDC-Solana will be open on October 12th at 17:00 (UTC+8).

OKX plans to adjust TUSD discount rate from 4:00-5:00 pm on October 17th

According to the official announcement, in order to provide users with a better trading experience, reduce trading costs, and improve overall liquidity, OKX plans to adjust the currency discount rate of TUSD's cross-currency margin mode and combination margin mode on October 17, 2023, from 4:00 to 5:00 pm. OKX stated that in the cross-currency margin account mode and combination margin mode, different currency assets in the full position can be converted into US dollar value as margin. Due to the significant differences in the market liquidity of each currency, the platform calculates the actual US dollar value of each currency at a discount in order to balance market risks.

Stablecoin trading project Platypus has suspended all asset pools.

Avalanche ecosystem stablecoin trading project Platypus announced that it has taken proactive measures to suspend all asset pools due to suspicious activity in the protocol. Earlier reports stated that Platypus, a stablecoin trading project on the Avalanche chain, was attacked and lost over $2 million.

The Block launches Pro Deals, a Web3 investment and financing information database platform.

According to PR Newswire, blockchain media The Block has announced the launch of Web3 investment and financing information database platform Pro Deals. The product will include project classifications across eight unique vertical industries, and differentiate between private placement rounds, seed rounds, Series A investments, and subsequent investment stages, allowing for filtering based on the project's blockchain ecosystem.

Insider: Parity Technologies, the Polkadot ecosystem development organization, will lay off more than 300 people this week

Scimitar Capital partner thiccy cited sources to reveal that Parity Technologies, the Polkadot ecosystem development organization, has laid off more than 300 people this week. BlockBeats previously reported that Gavin Wood, co-founder of Polkadot, announced in October 2022 that he would step down as CEO of Parity Technologies.

Optimism Foundation officially announced that Test in Prod has joined the Optimism Collective core development team and will work with OP Labs and Base to build the OP Stack. Optimism will provide 5 million OP tokens to Test in Prod over the next four years, with 30% of the tokens belonging to Test in Prod after one year (August 31, 2024), 30% of the tokens paid in monthly installments in the second year, 20% of the tokens paid in monthly installments in the third year, and 20% of the tokens paid in monthly installments in the fourth year.

Bitget CEO: The promotion of copy trading will help popularize the cryptocurrency industry.

With the rapid development of the encryption industry, more CEX have recently launched copy trading services. Gracy Chen, the Managing Director of Bitget, stated that "the promotion of copy trading functionality will help popularize cryptocurrency assets, which is also the reason why the Bitget team was the first to launch copy trading services in 2020, allowing more users to enter the encryption industry in a simple and efficient way."

Currently, Bitget platform has gathered 110,000+ trading experts and 540,000+ copy-trading users. There have been over 57 million profitable trades with a total profit exceeding 350 million US dollars. In addition, the personal profit of Bitget's star traders has exceeded 23 million US dollars.

friend.tech "Keys" price ranking: Crypto KOL Vombatus ranks first with 8.281 ETH

friend.tech "Keys" price ranking list latest data shows:

· Cryptocurrency KOL Vombatus ranks first with 8.281 ETH;

· Crypto KOL CBB0FE ranks second with 5.402 ETH;

· Cryptocurrency KOL Levi ranked third with 4.9 ETH;

· Cryptocurrency KOL Herro and dingaling tied for fourth place with 4.096 ETH.

派盾：BNB Chain 上 2049 代币发生 RugPull，损失约 8.2 万美元

Translation:

Paidu Shield: RugPull occurred on the 2049 token on the BNB Chain, resulting in a loss of approximately $82,000

According to Pai Shield's monitoring, a RugPull occurred on the 2049 token on the BNB Chain. The price of 2049 has dropped 100% in a short period of time, resulting in a loss of approximately $82,000.

Regulation

European Securities and Markets Authority: DeFi scale is still too small to pose significant risks to overall financial stability

According to a report by Cointelegraph, a research report released by the European Securities and Markets Authority (ESMA) stated that "currently, the cryptocurrency asset market, including DeFi, does not pose a significant risk to financial stability, mainly due to its relatively small size and limited channels of contagion between the cryptocurrency and traditional financial markets."

ESMA also investigated several major events in 2022, including the collapse of the Terra ecosystem and FTX, and noted that this crypto "Lehman moment" still has not had a significant impact on traditional markets.

Deputy Director of the State Administration of Foreign Exchange: Under certain conditions, the central bank's digital currency will have the opportunity to become a broad currency

According to a report by Shell Finance, Lu Lei, Deputy Director of the State Administration of Foreign Exchange, stated at the "2023 China (Beijing) Digital Finance Forum" that the essence of all financial activities is intertemporal transactions, and currency and interest rates are the core. "Under the current model, the central bank's digital currency (CBDC) is mainly positioned as a cash payment voucher (M0), which is a non-interest-bearing high-energy currency."

Liu Lei pointed out that assuming the programmability of digital currency, loading smart contracts related to interest rates on central bank digital currency, central bank digital currency will have the opportunity to become broad money (M2), and it is expected that the exploration of the Digital Currency Research Institute can achieve monetary policy adjustment of central bank digital currency interest rates and achieve macroeconomic control goals. The programmability of central bank digital currency provides innovative space for enriching central bank monetary policy tools, but it must be said that this is a common challenge faced by central banks around the world.

SBF believes that Binance leaked Alameda's balance sheet to CoinDesk

According to The Block's report, SBF provided evidence during the trial that he believed Binance leaked Alameda Research's balance sheet to the media outlet CoinDesk, which was a key event in the collapse of FTX.

Caroline Ellison testified that SBF prepared a memorandum dated November 6, 2022, outlining his and others' plans to seek potential investors for help. The list included TRON founder Justin Sun as a potential investor to contact, but noted that "it turned out he had a close relationship with CZ."

Data

Bitget announced its September reserve report, with a comprehensive reserve ratio of 207%.

Bitget has released its September reserve report, with a comprehensive reserve ratio of 207%. The reserve ratios for BTC, ETH, USDT, and USDC are 423%, 144%, 132%, and 2052%, respectively. As of October 10th, the total value of Bitget's reserve fund has exceeded $1.38 billion, including 31 mainstream digital assets. In December 2022, Bitget will launch a reserve proof page, and the reserve fund data will be updated monthly. Since its launch, the reserve ratio has always been above 200%, which is more than twice the industry standard (100%) and has remained stable.

Due to an estimated loss of approximately 1.74 million US dollars by the BLZ whale address, 10 million BLZ tokens were deposited into Binance.

According to Spot on Chain's monitoring data, the third largest BLZ address starting with 0xE8F on the chain deposited 10 million BLZ (approximately 1.16 million USD) into Binance 2 hours ago. This whale address accumulated 24.76 million BLZ (approximately 4.61 million USD) from Binance 15 days ago (September 26th), with an average price of 0.186 USD per coin.

Currently, it still holds 14.76 million BLZ (approximately $1.71 million), and estimated losses of $1.74 million (-37.7%) from BLZ transactions.

A certain MEV Bot made a profit of 1.575 million US dollars by attacking through flash loans with a cost of 4.16 US dollars.

According to EigenPhi data, a certain MEV Bot made a profit of 1.575 million US dollars by using flash loans to carry out an attack that cost 4.16 US dollars. The Bot borrowed 7300 WETH and 2.64 million USDC, and manipulated the price of the BH token on PancakeSwap V3 to achieve arbitrage.

DWF Labs sent $1 million to the suspected Coin98 Ventures Binance deposit address

According to The Data Nerd, DWF Labs sent about 1 million USDT to a Binance deposit address that is suspected to belong to Coin98 Ventures. Earlier in August 2023, DWF Labs announced a strategic investment in Coin98.

Analysis: Coinbase Q3 spot trading volume hits new low since listing, down 52% YoYAccording to analysis by digital asset data provider CCData cited by Bloomberg, Coinbase's spot trading volume in the third quarter of this year was approximately $76 billion, a 52% decrease compared to the same period last year. The spot trading volume for this quarter is the lowest level since Coinbase went public on the Nasdaq stock market in 2021.

Curve founder receives 11.85 million CRV tokens worth over $5 million from unlocking contract

According to Scopescan, Curve founder Michael Egorov received 11.85 million CRV tokens (approximately $5.08 million) from the token unlocking contract.

Scopescan: Upbit withdraws 25.5 million STORJ from Binance and OKX, worth approximately 10.78 million US dollars

According to Scopescan monitoring, 4 hours ago, Upbit withdrew 25.5 million STORJ (approximately 10.78 million US dollars) from Binance and OKX. Upbit currently holds 95.4 million STORJ (approximately 38.2 million US dollars), accounting for 23.85% of the total circulating supply of the token.

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