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Suilend: Pause in IKA Lending, every IKA Depositor's balance will be reduced by 6%

7 hours ago

September 9th. The Sui ecosystem lending protocol Suilend officially announced the suspension of IKA borrowing with immediate effect. This morning, IKA witnessed a significant surge from $0.04 to $0.47. Some IKA borrowings were liquidated at a high valuation, which led to subsequent positions incurring losses, resulting in a funding gap of $379,000. IKA depositors were affected, with each depositor experiencing a 6% reduction in their IKA deposit balance. BlockBeats previously reported that IKA saw a 700% "pin" surge this morning and then a subsequent drop. IKA liquidated $2.2189 million in the past 24 hours, with short positions accounting for $2.1157 million in liquidations.

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Ethena Labs: USDe Binance Reward Program to Launch by End of September

On September 9th, Ethena Labs made an announcement that USDe is going to be the first external USD asset that can be used as collateral on the Binance platform and comes with native rewards. Just like the partnerships with other exchanges, Binance users only need to hold USDe in any form on the platform (such as for portfolio margin, futures, and perpetual contract trading) to receive weekly rewards paid by Binance. The USDe reward mechanism on Binance will start at the end of September.

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「$2249 Short ETH」 Whale Once Again Reduces Position, Unrealized Losses Reach $12.26M, Stuck in a Rolling Position for Five Months

On September 9th, as per the monitoring of HyperInsight, the "Short ETH at $2249" whale has once again sold 2760 ETH in the past two days. Currently, it is holding an unrealized loss of approximately $12.26 million, and the liquidation price is $6336. This whale opened a 25x short position near $2249 on April 11th of this year. Then, it continuously added to the position until the average entry price was around $2760. It started to gradually reduce the position towards the end of August.

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Vietnam Approves Five-Year Cryptocurrency Exchange Pilot Program

On September 9th, Vietnam approved a five-year pilot project for a cryptocurrency exchange.

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In the last 4 hours, MYX liquidated positions worth $9,094,500, and WLD liquidated positions worth $8,531,700.

On September 9th, according to Coinglass data, within the past 4 hours, MYX has seen a liquidation amount of $9.0945 million and WLD has had a liquidation of $8.5317 million. In contrast, Bitcoin has only experienced a liquidation of $2.6538 million. During the past 24 hours, a total of 192,042 people worldwide have been liquidated, with a combined liquidation amount of $330 million. The largest single liquidation took place on Binance - BTCUSDT, reaching $2.6474 million.

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Binance Alpha will list PINGPONG (PINGPONG) and open airdrop claiming to eligible users

September 9th: Based on official information, Binance Alpha is scheduled to list PINGPONG (PINGPONG) on September 11th. Eligible users can access the Alpha event page once the Alpha trading commences and claim the airdrop by using Binance Alpha Points. Specific details will be provided separately.

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MYX market cap surpasses BGB, approaching OKB, MNT

On September 9th, based on Coinmarketcap data, as MYX continues to rise, its market capitalization has also increased to 33.99 billion US dollars and currently ranks 35th on the cryptocurrency market cap rankings.
The market capitalization has exceeded the market capitalization of the mainstream cryptocurrency exchange platform Bitget's platform token BGB ($3.402 billion), and is approaching the market capitalizations of OKX's platform token OKB ($3.935 billion) and Bybit's platform token MNT ($4.039 billion).