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CZ: Taking a photo with me is free of charge - Beware of Scams

2 hours ago

On October 13th, the founder of Binance, CZ, commented on the "Posts Asking for Payment for Photos Together." He said, "This is fake. I have heard about this scam on several occasions. I do not charge for taking photos together. Generally, after a speech, I will stay for approximately 20 minutes to take photos with everyone. Sometimes I may skip this part in order to avoid drawing the audience away, out of respect for the next speaker."
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「BTC OG Whale」 Increases BTC Short Position to $346 Million, Liquidated at $130,400

On October 13th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "BTC OG Whale" increased their short position in BTC to 346 million US dollars. The most recent average entry price is $116,000.9, and the liquidation price is $130,451.7.

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BNB Chain Teams Up with Four.Meme for $45 Million BNB Airdrop Event, Amount Allocated Randomly

On October 13th, according to official channels, BNB Chain has joined forces with Four.Meme to launch a $45 million Reload airdrop on the BNB Chain for the Meme coin community. This collaboration involves PancakeSwap, Binance Wallet, and Trust Wallet. This event is set to distribute $45 million in BNB to more than 160,000 users/addresses who have traded Meme coins in the past week. The airdrop amounts will be randomly allocated. The first batch of airdrops will commence this week, and it is expected that the airdrops to all 160,000+ addresses will be completed by early November 2025.

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Binance will launch EUL settled perpetual contracts with up to 75x leverage.

October 13th. As per official channels, Binance's Savings, purchasing crypto with one click, instant exchange, leveraged tokens, and futures will list Euler (EUL). Binance will initiate EUL perpetual contracts featuring 1-75x leverage on October 13, 2025, at 22:30 (UTC+8).

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Garrett Jin: The first exchange to establish a stability fund will attract capital inflows and drive industry development

On October 13th, Whale Garrett Jin, who previously sold more than $4.23 billion worth of BTC in a high-profile manner and switched to ETH, posted, "The more fundamental issue in the crypto industry is that exchanges provide high leverage for assets with no intrinsic value in order to meet user demand and boost profits. Such high leverage used to only exist in the foreign exchange market, where the underlying assets have value support, low volatility, and liquidity provided by banks." If exchanges continue to offer extremely high leverage, they should at least establish a mechanism similar to a stable fund, like in the US stock market, to provide liquidity support during crises. Only in this way can trust be rebuilt, capital be attracted, and the market develop healthily. The sharp drop on October 11th once again demonstrated that the market greatly needs liquidity support during extreme volatility. Exchanges that take the lead in establishing a stable fund will not only attract capit

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Bitfinex Report: Bitcoin Could Revisit $117,000 to $120,000 if It Holds $110,000

On October 13th, Bitfinex issued a report indicating that last week, the Bitcoin price declined from above $126,000 to below $103,310, representing an 18.1% pullback and triggering the largest liquidation event in the history of the cryptocurrency market in terms of nominal value. Ethereum dropped from $4,750 to $3,500, and various alternative coins witnessed an immediate drop of over 80% in illiquid conditions. Within three hours on October 10th, approximately $1 trillion was wiped out from the entire cryptocurrency market. The total market capitalization temporarily dropped from a high of $4.26 trillion in October to $3.3 trillion, with over $19 billion in liquidation positions on a single day. This sell-off was triggered by aggressive selling pressure in the spot market. It was exacerbated by the escalating trade tensions on October 10th, resulting in a 2.5x imbalance between sellers and buyers on major exchanges. The futures market intensified the decline. Cumulative volume discre

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Bitcoin Surges Above $115,000

On October 13th, according to HTX market data, Bitcoin has rebounded and is now trading above $115,000, specifically at $115,273, with a 24-hour increase of 3.31%.

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