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CZ: The crypto industry will not always be smooth sailing, but will grow through builders

5 hours ago

On October 11th, CZ declared during a live stream that "the cryptocurrency industry will not always sail smoothly. Even with strong founders, strong projects, and a strong community, setbacks will be encountered. As long as the industry continues to do the right thing and collaborates in construction, there are many different areas within the industry that can be explored in depth. This industry will develop further due to the builders. Blockchain technology is a new technology and is much better than the technologies we had previously." The live stream interview of CZ on the threadguy podcast today has now come to an end.
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In the past 24 hours, over 1.51 million people globally have been liquidated, with the total amount liquidated reaching $13.512 billion.

On October 11, within the past 24 hours, a grand total of more than 1.51 million people worldwide have been liquidated. This has led to a cumulative liquidation amount of $13.512 billion. Specifically, long liquidations reached $12.145 billion, and short liquidations amounted to $1.367 billion.

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Bitcoin Surges Above $114,000 Briefly

On October 11th, according to HTX market data, Bitcoin briefly climbed above $114,000, and the 24-hour decline was narrowed to 6.50%.

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HLP Treasury Earns Over $41 Million in 24 Hours

On October 11th. During this morning's market "Black Swan" downturn, the HLP Treasury took over a significant number of liquidation positions and earned more than $41 million within 24 hours. The one-month Annual Percentage Rate (APR) has skyrocketed to 188%.

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Nasdaq Plunges 3.5%, Marks Largest Single-Day Drop Since April 10

On Friday, October 11th, U.S. stocks closed. The Nasdaq declined by 3.5%, which marked the largest single-day drop since April 10th. Large-cap tech stocks witnessed a general decline. Amazon (AMZN.O), Tesla (TSLA.O), and NVIDIA (NVDA.O) all decreased by approximately 5%, while Apple (AAPL.O) fell by 3.45%.

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S&P 500 Index Records Largest Weekly Decline Since May

On October 11th, the S&P 500 Index closed down by 182.61 points on October 10th (Friday), representing a decrease of 2.71% and reaching 6552.50 points. This marked the largest weekly decline since May.

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Ethena confirms that the USDe minting and redemption functionality is operating as expected

On October 11th, Ethena has verified that the minting and redemption functionality is operating as anticipated. Additionally, USDe is overcollateralized due to the presence of additional Unrealized Profits and Losses (UPnL).

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