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- 01:17The ETH whale who previously borrowed coins to short ETH now appears to have switched to going long, having withdrawn 144,255 ETH from a certain exchange.According to ChainCatcher, on-chain analyst Yu Jin monitored that the whale/institution who borrowed 66,000 ETH to short on October 20 and bought back to repay yesterday, making a profit of $24.48 million, now appears to have turned bullish: from last night to this morning, he transferred a total of $482 million USDC into a certain exchange, and then withdrew 144,255 ETH from the exchange, with an average price possibly around $3,341. These USDC were the collateral for his ETH short last month: at that time, he withdrew $700 million USDC from a certain exchange and used it as collateral on Aave to borrow 66,000 ETH for shorting. After repaying the ETH yesterday, he retrieved the USDC collateral and started buying ETH.
- 01:17South Korean exchanges activate circuit breaker for KOSPI index, programmatic trading suspended for 5 minutesChainCatcher news, the Korea Exchange activated a circuit breaker on the KOSPI index after the KOSPI 200 futures fell by 5%, suspending program trading for 5 minutes.
- 01:04US stock valuations questioned, Asian stock markets generally declineChainCatcher News, according to Golden Ten Data, Asian stock markets followed the overnight sell-off in U.S. stocks on Wednesday, as investor concerns over excessive valuations weakened market confidence. The MSCI Asia-Pacific Index fell by 1%, with the South Korean stock market leading the decline, dropping more than 4%. Chris Weston, Head of Research at Pepperstone Group, stated that the market lacks short-term catalysts and there are few reasons to buy. The CEOs of Morgan Stanley and Goldman Sachs questioned the sustainability of sky-high valuations, intensifying market concerns about an overinflated stock market.