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- 09:23TON ecosystem DEX Bidask surpasses $1.3 million in trading volume and reaches $300,000 TVL in its first monthAccording to ChainCatcher, the TON Foundation has introduced an important new member of its ecosystem—Bidask, a concentrated liquidity market maker (CLMM) DEX built specifically for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LPs) to concentrate capital within specific price ranges. In its first month on the mainnet, Bidask has processed over 1,400 swaps, with a trading volume reaching $1.3 million and a total value locked (TVL) of $300,000. The annualized yield (APY) of the TON liquidity pool has averaged 40%. Bidask also reduces integration difficulty for developers through its Trade Account smart contract and Trading API, and has already been integrated into mainstream wallets such as Tonkeeper and Bitget Wallet. As a member of the TeFi Alliance, Bidask collaborates with other leading DeFi protocols and is committed to becoming the core liquidity layer of the TON ecosystem.
- 09:11A diamond-handed ETH whale transferred 15,000 ETH to an exchange after holding for 6 years, still holding 85,000 ETH.According to a report by Jinse Finance, on-chain data analyst Yujin has monitored that a whale/institutional address, which withdrew 123,000 ETH from an exchange 6 years ago (2019), has, after 5 years, transferred 15,000 ETH (approximately $68.22 million) to an exchange 20 minutes ago. In 2019, this address withdrew 123,000 ETH from an exchange, when the price of ETH was $154, making the total value of these ETH $19.04 million; currently, the address still holds 85,000 ETH (approximately $391 million).
- 08:52Paradigm Co-founder: The End of the Zero Interest Rate Era Has Triggered a Stablecoin SupercycleOn October 6, Paradigm co-founder Matt Huang stated that people used to joke that cryptocurrency was a product of the zero interest rate period (ZIRP), where loose monetary policy led to the rise of speculative assets. Ironically, it is precisely the end of the zero interest rate era that has given rise to the stablecoin supercycle: cloud-based dollar banks, an ever-widening interest rate spread compared to traditional finance, and stablecoin issuers earning billions of dollars for global distribution.