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During the TOKEN2049 conference in Singapore, the POP Night event was held, focusing on the integration of AI, DeFi, and culture. The event explored the development of DeFi 3.0 and DAT technology, and also launched the Web3 virtual idol NP and an ecosystem fund. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief Trump's tariff threat caused a major sell-off in the crypto market. Unreported data and government shutdown intensified uncertainties among investors. Resilience in the market suggests potential for a strong recovery.
In Brief The crypto market grappled with fear after Trump's tariff announcement on China. Bitcoin prices and the Crypto Fear & Greed Index dropped significantly. Some analysts see the market's fear as a potential buying opportunity.
Ethereum spot ETFs saw $175M in outflows on October 10, while Bitcoin ETFs remained relatively stable.Bitcoin ETFs Remain ResilientWhat This Means for Investors
The crypto market briefly lost $530 billion before bouncing back to a $3.7 trillion valuation.Fast Recovery to $3.7 Trillion Market CapWhat’s Next for Crypto Investors?
- 16:10Yilihua: It is recommended that exchanges establish liquidity adjustment funds to cope with extreme market conditions.Jinse Finance reported that Yilihua posted on the X platform, stating that the market has seen liquidations totaling tens of billions of US dollars, mainly affecting market makers and active traders, causing far more damage to the market than imagined. He suggested that exchanges should allocate part of their profits to establish a liquidity regulation fund to avoid liquidity exhaustion in extreme situations. Otherwise, the market will suffer devastating damage, and not only exchange users but also the market and the exchanges themselves will be harmed.
- 16:10Yilihua: It is recommended that trading platforms establish liquidity regulation funds to prevent liquidity exhaustion in extreme situations.ChainCatcher reported that Liquid Capital (formerly LD Capital) founder Yi Lihua stated on social media that the overall market has seen liquidations amounting to tens of billions of US dollars, mainly affecting market makers and active traders, and the damage caused to the market far exceeds expectations. Especially for altcoins that can go to zero with one click, it will take a long time to restore investor confidence and liquidity. He strongly recommends that trading platforms allocate part of their profits to establish a liquidity adjustment fund to prevent liquidity from drying up and going to zero in extreme situations. The Federal Reserve also has a market regulation function, and platforms with annual profits of several billions of US dollars should have both the ability and responsibility to establish such a mechanism. Otherwise, if the market suffers devastating damage, not only platform users will be hurt, but also the market and the trading platforms themselves.
- 16:105,514.12 BTC flowed out of exchange wallets in the past 24 hoursAccording to Jinse Finance, the latest data from coinglass shows that in the past 24 hours, 5,514.12 BTC have flowed out of exchange wallets; in the past 7 days, 23,515.59 BTC have flowed out; and in the past 30 days, 7,805.45 BTC have flowed out of exchange wallets. As of press time, the total balance of exchange wallets is 2,189,678.56 BTC.