News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
1Bitget Daily Digest(October 11)|Trump Announces 100% Tariffs on China, Triggering Market Turmoil; Crypto Industry Liquidations Exceed $19.1 Billion in 24 Hours, Setting New Record.2Is Monero (XMR) Poised for a Bullish Rally? This Key Emerging Fractal Saying Yes!3Is This the Last Chance for Bitcoin to Break $130K in 2025?
Flash
- 03:42Bitwise Head of Research Europe: Intraday Crypto Asset Sentiment Index Hits Lowest Level Since Summer 2024Jinse Finance reported that André Dragosch, Head of Research Europe at Bitwise, tweeted that the crypto asset sentiment index has just issued a strong contrarian buy signal today. The index hit an intraday low of -2.8 standard deviations, marking the lowest level since the "yen carry trade unwind" in the summer of 2024. This liquidation is a gift, not for those who are already bankrupt, but for those who still have some money left.
- 03:42The 2.83 million ETH held by Bitmine are currently at an unrealized loss of $1.93 billion.According to Jinse Finance, Onchain Lens monitoring shows that after the decline in the early hours today, Bitmine's ETH positions suffered heavy losses, facing an unrealized loss of $1.93 billions. Bitmine currently holds 2,830,151 ETH, with a total acquisition cost of $12.83 billions and an average price of $4,535. However, the current valuation of these ETH holdings is only $10.9 billions.
- 03:22JustLend DAO community releases proposal for JST buyback and burnJinse Finance reported that JustLend DAO has published a JST buyback and burn proposal on its governance forum. The proposal aims to optimize the JST token economic structure, enhance governance efficiency and long-term value, and establish a more sustainable deflationary mechanism. According to the proposal, buyback funds will mainly come from JustLend DAO's net income (including sTRX earnings and SBM net income), as well as incremental profits after the USDD multi-chain ecosystem exceeds $10 million. All buyback operations will be executed transparently on-chain, and the repurchased JST will be permanently burned to gradually reduce the circulating supply in the market. In addition, the DAO plans to continue buybacks on a quarterly basis using new net income and will regularly publish progress reports. The official statement noted that this mechanism will further strengthen JST's governance attributes and promote healthier and more resilient growth for the TRON ecosystem.