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1Bitget Daily Digest（October 13）｜Portal to Bitcoin mainnet launch and $50M funding; BTC and ETH rebound in short term, over $8.5B liquidated in 24 hours; 2XRP Targets $5.25 After Holding Strong Near the $1.5 Assembly Zone3Clues of the "End of the Bull Market": The "Bull's Tail" Is the Fattest and Everyone Is Bullish
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Flash
- 03:41Hong Kong-listed company Darun International signs Memorandum of Understanding with FLock Technology Holdings, may include FLOCK in its strategic token reservesAccording to PRNewswire, the Hong Kong-listed company "Daren International" announced the signing of a non-binding memorandum of understanding for cooperation with FLock Technology Holdings. The two parties will collaborate to develop privacy-preserving artificial intelligence solutions and are considering future strategic expansion, including the potential inclusion of FLOCK tokens in "Daren International's" strategic token reserves. FLock stated that its cooperation with "Daren International" marks a key step in expanding its privacy-preserving AI technology from highly regulated industries such as healthcare and finance to the consumer manufacturing and apparel supply chain sectors. "Daren International" has a strong distribution and manufacturing base in the apparel and gift industries in Southeast Asia.
- 03:31Circle: No plans to issue a Hong Kong dollar-denominated stablecoin for now, but open to cooperationAccording to ChainCatcher, citing a report from Aastocks, Chen Qinqi, Vice President of Circle Asia-Pacific, stated that currently, professional investors in Hong Kong can still use USDC under the existing framework without additional regulation. The company currently has no plans to issue a Hong Kong dollar-denominated stablecoin, and is mainly focused on the US dollar stablecoin USDC and the euro stablecoin EURC at this stage. Chen Qinqi also pointed out that Circle remains open to collaborations related to Hong Kong dollar stablecoins, has already held discussions with multiple institutions, and looks forward to the launch of Hong Kong dollar and other stablecoins in the Hong Kong market in the future.
- 03:23Ethena Labs founder: USDe pegged to USDT is reasonable, minting and redemption functions operated well during market volatilityForesight News reported that Ethena Labs founder Guy Young tweeted, "Although DeFi money markets have been heavily criticized for pegging USDe to USDT, I do believe this approach is reasonable to avoid liquidations caused by temporary price imbalances. In this incident, USDe's minting and redemption functions operated smoothly, and the price deviation in several Curve, Fluid, and Uniswap liquidity pools (with nine-figure on-demand liquidity) was less than 30 basis points, consistent with the USDC and USDT prices on certain exchanges. If oracles could reference the deepest global USDe liquidity pools, no one would be liquidated on any money market. Severe price discrepancies were limited to a single venue, which referenced the oracle index on its own order book rather than the deepest liquidity pool, and faced deposit and withdrawal issues during the event, preventing market makers from closing the loop."