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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.2Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist3US–China Tariff Fears Hit Bitcoin Treasury Stocks
Flash
- 17:45During the market downturn, whales and institutions are still accumulating ETH, with a total of 47,500 ETH worth approximately $182 millions.Foresight News reported, according to monitoring by Lookonchain, that during the market downturn, whales and institutions are still accumulating ETH. Two new wallets (possibly belonging to Bitmine) withdrew 33,323 ETH, worth approximately $126 millions, from FalconX and an exchange. In addition, an OTC whale purchased 14,165 ETH, worth about $55.5 millions, through FalconX, an exchange, and Wintermute.
- 17:44Pastel Alpha founder sells 2 million ASTER for $2.68 million and purchases HYPEForesight News reported, according to Onchain Lens monitoring, Pastel Alpha founder Cooker (@CookerFlips) sold 2 million ASTER at a price of $1.34 each, receiving approximately 2.68 million USDC. These funds were subsequently deposited into HyperLiquid, where he purchased 66,485 HYPE at a price of $40.32 each. These HYPE were then sent to kinetiq.xyz for staking.
- 17:44Securitize is in merger talks with Cantor's SPAC for a public listing, with an expected valuation exceeding $1 billion.Foresight News reported, according to Bloomberg, that the RWA tokenization platform Securitize, backed by BlackRock, is in talks with the special purpose acquisition company (SPAC) initiated by Cantor Fitzgerald LP regarding a potential public listing. Sources familiar with the matter revealed that the merger between Securitize and Cantor Equity Partners II Inc. would value the company at over 1 billion dollars. However, negotiations are still ongoing, and Securitize may also choose to remain private.