Binance has started distributing funds to users who were liquidated, carrying out its $300 million User Protection Fund plan.
October 15th. Based on community information, Binance has begun distributing airdropped funds to users who were liquidated during the large-scale liquidation on October 11th. This is part of its $300 million User Seed Fund implementation.
CZ posted on social media, stating that no government would provide a bailout for cryptocurrencies, but Binance would do its best. He was pleased to see people sharing what they had received.
Previously, Binance announced that it would distribute a total of $300 million USDC to some affected users. The distribution amount will be based on various factors such as the user's loss situation and ratio. The amounts will range randomly from 4 USDC to 6,000 USDC. These users are those who experienced forced liquidation due to futures and margin trading losses between 2025 - 10 - 10 00:00 and 2025 - 10 - 11 23:59 (UTC). The total liquidation loss amount is at least equivalent to $50. The liquidation loss is at least 30% of the user's total net assets calcul
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Bitcoin briefly dropped below $111,000 and Ethereum fell to touch $4,000
On October 15th, based on HTX market data, Bitcoin briefly dipped below $111,000 and is currently trading at $111,118;
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Ethereum fell to reach $4,000 and is currently trading at $4,011.
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The Federal Reserve Board Member Milan warns that trade uncertainty is escalating and calls for a faster pace of interest rate cuts.
On Wednesday, Federal Reserve Governor Milan stated that the recent trade tensions have heightened the uncertainty regarding economic growth prospects. This makes it even more crucial for policymakers to cut interest rates as promptly as possible. Milan said at an event organized by CNBC: "The downside risks have now become greater than a week ago, and I believe we have an obligation to reflect this in our policy." He pointed out that trade policy uncertainty has given rise to "new tail risks."
Milan further added: "I wouldn't say that I now desire a lower interest rate level than a week or a month ago. Nevertheless, as the risk balance changes, I think it has become more urgent to bring policy back to a more neutral position as soon as feasible." Milan had previously indicated that he hoped to reduce the benchmark interest rate by another 1.25 percentage points by the end of this year. According to the latest median forecast of 19 Fed officials, there will be two additional 25-basis-
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Publicly traded company Hamilton Lane's Tokenized Fund SCOPE has been integrated into the Sei network via KAIO, providing on-chain access to institutions and beyond
On October 15th, the on-chain regulated Real World Assets (RWA) infrastructure platform KAIO announced today that it has introduced Hamilton Lane's Senior Credit Opportunities Fund (SCOPE) to the Sei Network via the HL SCOPE Access Fund, aiming at institutions and eligible investors to offer on-chain access.
By integrating with the Sei Network, KAIO has brought the world's leading private markets investment management company Hamilton Lane's private credit platform onto the blockchain, expanding the participation channels of crypto-native users in alternative investment strategies. The high-performance architecture of the Sei Network, combined with KAIO's institutional-grade infrastructure and user-centric design, enables alternative investment products such as the SCOPE Fund to be securely, compliantly, and compositionally accessed on-chain.
Hamilton Lane has opened access to its SCOPE Fund on KAIO through the "HL SCOPE Access Fund." The fund is a "full-cycle, senior private credit
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Indian Telecom Giant Reliance Jio Partners with Aptos to Launch On-chain Reward Program
October 15th. As per official channels, Reliance Jio, India's leading telecom service provider (the world's third-largest mobile network), announced today during the Aptos Experience event that it has formed a strategic partnership with the Aptos Foundation to launch a blockchain-based user rewards program. This partnership is intended to bring a novel digital interactive experience to Jio's approximately 485 million users.
Under this program, Jio will issue blockchain reward tokens named JioCoin on the Aptos network. Users can accumulate JioCoin by perusing content or engaging in interactions within the mobile app and obtain corresponding rewards. Currently, JioCoin is still in the testing (Beta) stage, has not been officially minted, and is solely available for use in the Indian region. Officials have indicated that more details will be disclosed in the near future.
This collaboration further reinforces Aptos as the preferred blockchain infrastructure for global enterprises, offeri
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